The Dow Jones Index closed Thursday (October 6) fell 346 points, weighed down by the appreciation of the dollar. and the rebound in US government bond yields
The Dow Jones Index closed Thursday (October 6) fell 346 points, weighed down by the appreciation of the dollar. and the rebound in US government bond yields
The Dow Jones Industrial Average fell 346.93 points, or 1.15%, at 29,926.94 The S&P 500 was down 38.76, or 1.02%, at 3,744.52. The Nasdaq was down 75.33, or 0.618,03%, on .
The strength of the dollar has raised investor fears that it will affect the bottom line of listed companies with foreign earnings. The rebound in the US 10-year Treasury Bond, which is the US government bond used to set the price of global bonds.
including US mortgage interest rates making consumers have less money to spend while the cost of paying off mortgage loans increases AND companies will face higher debt servicing costs. causing these companies to reduce their investment and reduce dividend payments to investors
Real estate stocks fell more than 2 percent as they were hit hard by the Federal Reserve’s interest rate hikes.
However, energy stocks rose against the market. Response to the decisions of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus reducing production by 2 million barrels per day
Oil prices have rebounded today. After initially collapsing as President Joe Biden announced he would drain oil from reserves in retaliation for OPEC Plus.
The number of first-time claims for unemployment benefits rose by 29,000 to 219,000 last week, the Labor Department said. and exceeds the expected 203,000 analysts.
The number of applicants for unemployment benefits is above 215,000, the weekly average in the pre-COVID-19 pandemic in the United States.
Meanwhile, the US Department of Labor reported that the number of Americans who continue to apply for unemployment benefits. increased to 1.36 million
Market to keep an eye on the number of non-farm payrolls tomorrow Although analysts are predicting that Only 265,000 were added to the number of jobs in September. After raising 315,000 jobs in August the unemployment rate is expected to remain stable at 3.7%.
