Tek rises on Wall Street – Snapchat collapses by 35 percent

Tek rises on Wall Street – Snapchat collapses by 35 percent

The Nasdaq index rose the most, rising by 0.95 percent to 15,756.64 points. The Dow Jones index ended the session up by 0.40 percent to 38,677.36 points, while the Standard & Poor's 500 index rose by 0.82 percent to 4,995.06 points.

The S&P 500 is now close to breaking the 5000 level for the first time. The index broke 4,000 points in April 2021 and, like the Dow Jones, reached all-time highs.

The VIX “fear index” fell one and a half percent to 12.87. The 10-year prime interest rate in the United States is 4.11 percent

The US trade deficit reached $62.2 billion in December, compared to $61.9 billion in the previous month. The 2023 full-year deficit of $773.4 billion is the lowest the U.S. has seen in three years, down from the record $951.2 billion in 2022.

A strong earnings season and expectations of interest rate cuts from the Federal Reserve lifted Wall Street to record levels, but doubts crept in after central bank Chairman Jerome Powell indicated in a CBS interview last Sunday that investors may have to wait longer. The first interest rate cut is expected.

But strong growth means the final leg of the inflation battle will be difficult for central banks, so the timing/pace of potential interest rate cuts is up for debate and a source of volatility, says Emmanuel Cau, chief strategist in Europe. At Barclays, to CNBC.

High tek despite the Snape massacre

pop It had a bad trading day, down 35 percent after the disappointing quarterly report filed after the close on Tuesday. In addition, the steering was weak.

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Among other major tea stocks, this was just the case apple Which did not rise. The stock finished flat.

both of them dead And Nvidia They showed strength, with increases of 3.3 and 2.6 percent, respectively.

Microsoft It rose 2 percent, while Netflix It rose by 0.6 percent. the alphabet It rose by 1 percent, while Amazon rose 0.8 percent.

Tesla It rose 2 percent after rumors of job cuts.

Other stocks

Earnings season continues to impact the market. Wednesday saw a number of individual stocks rise, both positively and negatively.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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