A minute after the start of trading on the New York Stock Exchange, the Nasdaq index fell 0.9 percent, reaching 14,804.16 points, while the Dow Jones index fell 0.4 percent, reaching 37,209.81 points. The Standard & Poor's 500 index fell 0.7 percent to 4,731.89 points.
The yield on ten-year US government bonds is 4.10 percent, while the VIX index, also called the fear index, is rising 6.1 percent to 14.68.
Freyr Battery fell 2.4 percent to $1.40. Today's low is $1.32, which is a new low.
precise
U.S. retail trading volume reached $709.9 billion in December, an increase of 0.6 percent from the previous month, new figures showed on Wednesday. According to Trade Economics, an increase of 0.4 percent was expected.
Excluding automobiles and auto parts, retail trade increased by 0.4 percent on a monthly basis, compared to an increase of 0.2 percent in the previous month. Expectations here were for a new increase of 0.2 percent.
Interest rate cut?
Expectations of interest rate cuts were somewhat dampened on Tuesday evening after Fed member Christopher Waller made a statement on the matter. He explained that interest rate cuts may be relevant this year, but in this case the Fed must lower interest rates gradually and carefully.
“The market had expected up to 6-7 rate cuts on Friday last week, but now optimism has taken you down to 6 rate cuts. Expectations for March cuts have also softened, from being priced at 80 percent probability to 65 percent,” Handelsbanken wrote in an update.
On Wednesday evening, the market will focus on the Fed's Beige Book, which will be published at 20:00 Norwegian time.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”
