Investors avoid risk and let Wall Street lose more than 1% – Stock Exchange

Investors avoid risk and let Wall Street lose more than 1% – Stock Exchange

North American stock markets ended losses, on a day when strong data on the North American labor market heightened concerns about how long monetary policy could remain tight.

North American stock markets ended Tuesday’s session with losses. Equities are being penalized due to the possibility that monetary policy will remain tight for a longer period, which generates risk aversion and raises sovereign debt yields to their extreme levels.

Concerns increased today, after new data from the labor market reinforced the narrative that the economy can handle the maintenance of tighter monetary policy by the US Federal Reserve. According to data from the US Department of Labor, released on Tuesday, the number of job openings in August rose to 9.6 million, which means North American companies are hiring more. The value compares to 8.9 million in July.

The market now sees a more than 50% chance that the US central bank will raise interest rates again in December.

The Standard & Poor’s 500 index lost 1.37% to… 4,229.45 Point, the Dow Jones Industrial Average gave up 1.29% to 33,002.38 Point and the Nasdaq technology index fell by 1.87% to 13,059.47 points.

Among the major moves, Airbnb stock fell 6.47% and cruise company Carnival Corp stock fell 6.6%. Tech giants like Microsoft and Apple, which yesterday pushed the Nasdaq into the green, today posted losses of 2.61% and 0.78%, respectively.

See also  Strange Magic Air flights raise doubts about the plane's whereabouts

By Andrea Hargraves

"Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja."