Newsletter

Dow falls more than 500 points, bank stocks lag market index

The New York Dow Jones Stock Exchange closed up more than 500 points on Thursday (March 9) at 32,254.86, down 543.54 points, or -1.66%, the S&P500 closed at 3,918.32, down 73.69 points, or -1.85%, and the Nasdaq. at 11,338.35 points, down 237.65 points or -2.05%

Although at first the New York Stock Exchange rebounded. After the United States revealed that the number of first-time applications for unemployment benefits rose by 21,000 to a level of 211,000 last week. It was the highest level in 10 weeks and beat analysts’ expectations of 195,000, boosting hopes that the Fed is slowing interest rates. But later the market turned to negative territory. due to selling pressure to banking stocks After SVB Financial Group (SVB Financial Group), a lending bank in the technology industry Announces a $1.75 billion Stock Sale As the bank struggles with its cash flow after deposits from start-ups fell, SVB also cut its revenue forecast for fiscal 2023.

European stocks ended lower on Thursday (March 9), led by real estate stocks. The benchmark STOXX 600 index closed at 459.98, down 1.01 points, or -0.22%.

The London stock market closed lower. The London Stock Exchange FTSE 100 closed at 7,879.98 points, down 49.94 points or -0.63%.

The French CAC-40 stock market index closed at 7,315.88 points, down 8.88 points, or -0.12%, the German DAX stock market index, closed at 15,633.21 points, up 1.34 points or +0.01%.

In terms of the position of foreign stock markets on 9 March 2023, there have been changes as follows:

The New York Stock Exchange DJIA index closed at 32,254.86 points, down 543.54 points, -1.66%.

The New York Stock Exchange S&P500 closed at 3,918.32 points, down 73.69 points, -1.85%.

The NASDAQ index of the New York Stock Exchange closed at 11,338.35 points, down 237.65 points, -2.05%.

The French CAC-40 stock market index closed at 7,315.88 points, down 8.88 points, -0.12%.

The German DAX stock market index closed at 15,633.21 points, up 1.34 points, +0.01%.

The London Stock Exchange FTSE 100 closed at 7,879.98 points, down 49.94 points, -0.63%.

Australia’s S&P/ASX 200 Index closed at 7,311.10 points, up 3.30 points, +0.05%.

The ALL COMMON index of the Australian stock market closed at 7,514.40 points, up 10.50 points, +0.14%.

The Japanese stock market index NIKKEI 225 closed at 28,623.15 points, up 178.96 points, +0.63%.

The KOSPI index of the South Korean stock market closed at 2,419.09 points, down 12.82 points, -0.53%.

The Taiwan TAIEX stock market index closed at 15,770.66 points, down 47.54 points, -0.30%.

The SSE Composite index of the Chinese stock market closed at 3,276.09 points, down 7.15 points, -0.22%.

The Hong Kong stock market HSI index closed at 19,925.74 points, down 125.51 points, -0.63%.

The SENSEX index of the Indian stock market closed at 59,806.28 points, down 541.81 points, -0.90%.

Indonesia’s Jakarta Composite Index closed at 6,799.80 points, up 23.43 points, +0.35%.

The Philippine Stock Exchange PSE Composite Index closed at 6,609.27 points, down 102.22 points, -1.52%.

Malaysia’s FMKLCI stock market index closed at 1,449.53 points, down 5.13 points, -0.35%.

The FTSE STI Stock Exchange of Singapore closed at 3,214.51 points, down 12.35 points, -0.38%.