January 24, 2022

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Wall Street in red |  finansavisin

Wall Street in red | finansavisin

Many technology stocks continued to fall as investors continued to exit higher value stocks.

Tesla and Netflix fell about 2 percent each, while Apple and Amazon ended the day 1.67 percent and 0.67 percent lower, respectively. However, shares of other tech giants rose. Meta Platforms, formerly known as Facebook, rose 0.28 percent.

volatile

Wall Street has been very volatile lately, especially after the US Federal Reserve indicated that it is likely to raise interest rates in the near future and reduce other financial assistance faster than expected.

  • The Dow Jones Industrial Average was the stock market loser today, closing down 0.47 percent, and now standing at 36,236.47 points.
  • The broad S&P 500 index ended the day 0.10 percent lower at 4,696.05 points.
  • The Nasdaq Technology Index fell 0.13 percent to 15,080.87 points.

movements

There was a bad mood among the big tech stocks on Wall Street, Facebook, Amazon, Apple, Netflix and Alphabet (formerly Google), also known as FAANG stocks.

  • Meta (formerly Facebook) shares rose 0.28% to 332.46.
  • Amazon shares fell 0.67 percent to 3,265.08 points.
  • Apple shares fell 1.67% to 172.00 points.
  • Netflix shares fell 2.51 percent to 553.29 points.
  • Google shares fell 0.02 percent to 2754.95.

The VIX volatility index fell 0.46 percent to 19.64.

Oil and Cryptocurrency

In the oil market, Brent oil has continued to rise recently. At the close on Wall Street, the price was up 2.18 percent, and the price per barrel was $81.91. Meanwhile, the price of West Texas Intermediate crude rose 2.11% to $79.49.

There was also a weak mood in the global crypto markets on Thursday, and at the time of the close, bitcoin was stable at 43,182.60, down 0.47 percent. Ethereum shares fell 3.41 percent to 3,414.40.

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