Nasdaq enters correction territory as stocks close lower

1/20/2022 5:59:00 AM

Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high.

İnvesting, Nasdaq Enters Correction Territory As Stocks Close Lower - Cnn

Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high.

Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high.

New York (CNN Business)Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite (COMP) closed in correction territory, defined as a minimum 10% drop from its high.Photo: Spencer Platt/Getty Images To say that 2021 was a record year for Wall Street is a bit of an understatement.Biden Avoids Wading Into the Congressional Stock Trading Debate Bond yields continued their year-to-date climb on Tuesday with the 10-year Treasury topping 1.Updated 50 mins ago Spencer Platt | Getty Images European stocks are expected to open lower Wednesday as global markets take a downturn after a sell-off on Wall Street on Tuesday, prompted by surging bond yields and worse-than-expected earnings.

For the Nasdaq, that last peak was its record close on November 19.On Wednesday the tech-heavy index finished down 1. (This excludes bond traders, thanks to the Federal Reserve.2%, 10.5%.7% below the record.6 billion in profit, the most ever for the cohort.The other two major indexes also closed in the red, with the S&P 500 (SPX) falling nearly 1%, and the Dow (INDU) also ending nearly 1%, or 340 points, lower. Download our local news and weather app for.

So what is spooking the market?Read MoreThere's plenty going on. All told, they spent $177.S. Bond yields have been rising around that world in anticipation of higher interest rate policies from global central banks. On Tuesday the US 10-year Treasury bond yield rose above 1. This is an extraordinary sum by really any measure, but Wall Street has a bigger problem: Other people are making more money.8% for the first time since before the pandemic."Add those worries with crude flirting with $85 a barrel and stubbornly high inflation, and we have a perfect cocktail for a risk-off day. Even though it retreated a little Wednesday, it was trading at around 1. Seemingly every crypto trader, venture capitalist, and private-equity banker has, for years, been making more money and having more fun by working on the frontiers of financial technology and building cool new companies — many of which, like those that are trying to make a decentralized financial system, want to undermine the whole concept of Wall Street altogether.

85% near the time of the stock market close.Bond yields and prices move inversely to each other. Meanwhile, traders and bankers I’ve talked to are all burning out, exhausted by the huge workloads and drudgery of it all. "With a light economic calendar this week, all eyes will be on key technical support levels, earnings reports and whether bond yields keep surging toward 2% or finally take a breather," said Paulsen."Obviously, the move in interest rates is going to remain a focal point, but at least until next Wednesday when Fed Chair Powell will provide an update, the focus should start to shift to corporate earnings," Michael Reinking, senior market strategist at the New York Stock Exchange, said in a note to clients Wednesday afternoon.The Federal Reserve began rolling back its pandemic stimulus program late last year and has signaled multiple interest rate hikes are coming in 2022. No wonder more people are going to Citigroup — they let you work from home, at least for now. Investors don't expect these to start until March.

It's also earnings season, which could inject some added volatility into the trading day. Here’s Jamie Dimon, the CEO of JPMorgan Chase, the largest U. America's big banks kicked things off in worse than expected fashion over the past few trading days."Over the last few weeks investors have piled into cyclical sectors," Reinking said,"but another round of earnings in the financial sector failed to meet lofty expectations which added to the weakness. bank by just about every measure: “We’re pretty sure we’ll get to breakeven, but we expect that takes a couple of years,” he said last week during an earnings call with analysts." .

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Stock Futures Rise Slightly After Sell-Off on Wall Street, More Bank Earnings AheadU.S. stock futures rose slightly in overnight trading on Tuesday following a sell-off on Wall Street triggered by surging bond yields.

European Markets Head for Negative Open After Wall Street Sell-OffEuropean stocks are expected to open lower on Wednesday as global markets take a downturn after a sell-off on Wall Street on Tuesday.

Goldman Sachs profit drops below Wall Street expectationsWall Street firm's fourth-quarter results fall short as its asset management and global markets units weighed, while investment banking, asset management rose. The First Nft with Crypto Trading Culture and Symbols See our collection: Discord Chat live with a specialist metacake metacakecc nfts nft nftart nftartist nftcollector cryptoart digitalart nftcommunity trading

What to watch today: Nasdaq set to drop as short and long bond yield riseDow futures decline after Goldman Sachs' earnings disappointment. Nasdaq was tracking for drop as bond yields jump. individual investors are increasingly opting to invest in Crypto rather than gold. Explore my Profit Genie services, and in a week of Bitcoin mining- Binary options trading you can earn up to $1,000 - $5,000 determining your initial start-up. Intrested? WhatsApp +1(347) 637-8842 MichaelBurry, JeremyGrantham, and other top investors are predicting an epic StockMarket crash.

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New York (CNN Business)Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite (COMP) closed in correction territory, defined as a minimum 10% drop from its high.Photo: Spencer Platt/Getty Images To say that 2021 was a record year for Wall Street is a bit of an understatement.Biden Avoids Wading Into the Congressional Stock Trading Debate Bond yields continued their year-to-date climb on Tuesday with the 10-year Treasury topping 1.Updated 50 mins ago Spencer Platt | Getty Images European stocks are expected to open lower Wednesday as global markets take a downturn after a sell-off on Wall Street on Tuesday, prompted by surging bond yields and worse-than-expected earnings.

For the Nasdaq, that last peak was its record close on November 19.On Wednesday the tech-heavy index finished down 1. (This excludes bond traders, thanks to the Federal Reserve.2%, 10.5%.7% below the record.6 billion in profit, the most ever for the cohort.The other two major indexes also closed in the red, with the S&P 500 (SPX) falling nearly 1%, and the Dow (INDU) also ending nearly 1%, or 340 points, lower. Download our local news and weather app for.

So what is spooking the market?Read MoreThere's plenty going on. All told, they spent $177.S. Bond yields have been rising around that world in anticipation of higher interest rate policies from global central banks. On Tuesday the US 10-year Treasury bond yield rose above 1. This is an extraordinary sum by really any measure, but Wall Street has a bigger problem: Other people are making more money.8% for the first time since before the pandemic."Add those worries with crude flirting with $85 a barrel and stubbornly high inflation, and we have a perfect cocktail for a risk-off day. Even though it retreated a little Wednesday, it was trading at around 1. Seemingly every crypto trader, venture capitalist, and private-equity banker has, for years, been making more money and having more fun by working on the frontiers of financial technology and building cool new companies — many of which, like those that are trying to make a decentralized financial system, want to undermine the whole concept of Wall Street altogether.

85% near the time of the stock market close.Bond yields and prices move inversely to each other. Meanwhile, traders and bankers I’ve talked to are all burning out, exhausted by the huge workloads and drudgery of it all. "With a light economic calendar this week, all eyes will be on key technical support levels, earnings reports and whether bond yields keep surging toward 2% or finally take a breather," said Paulsen."Obviously, the move in interest rates is going to remain a focal point, but at least until next Wednesday when Fed Chair Powell will provide an update, the focus should start to shift to corporate earnings," Michael Reinking, senior market strategist at the New York Stock Exchange, said in a note to clients Wednesday afternoon.The Federal Reserve began rolling back its pandemic stimulus program late last year and has signaled multiple interest rate hikes are coming in 2022. No wonder more people are going to Citigroup — they let you work from home, at least for now. Investors don't expect these to start until March.

It's also earnings season, which could inject some added volatility into the trading day. Here’s Jamie Dimon, the CEO of JPMorgan Chase, the largest U. America's big banks kicked things off in worse than expected fashion over the past few trading days."Over the last few weeks investors have piled into cyclical sectors," Reinking said,"but another round of earnings in the financial sector failed to meet lofty expectations which added to the weakness. bank by just about every measure: “We’re pretty sure we’ll get to breakeven, but we expect that takes a couple of years,” he said last week during an earnings call with analysts." .