Wall Street 2.4. – in the end, slight growth despite the embarrassing start of the earnings season for 4Q22. US markets are off today

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Wall Street stocks plunged into the red during Tuesday’s trading, sending the Dow Jones and the S&P 500 to their worst day since March 5. Sentiment is mainly weighed down by the rise in bond yields. Tens (4.40%) climbed the most during the day since late November. Investors see stronger macro data as a threat to a slower pace of Fed rate cuts. Monday’s surprise increase in the ISM index in the manufacturing sector above the 50 level, signifying recovery, was complemented yesterday by higher industrial orders and stable job creation (JOLTS Job Openings).

The rising price of oil, which increases inflationary expectations, does not benefit the markets too much either. Black gold is at its highest level since October. In the end, the main S&P 500 index wrote off less than 38 points (-0.72%; 5,205.81 b.). However, the worst was the Russell 2000 index (-1.8%) including smaller companies more sensitive to the development of interest rates.

Technologies dragged down shares of spol. Tesla Motors (-4.9%; $166.63) in response to lower 1Q EV shipments. The flight to safety was seen in gold (+1.25%; $2,280), which climbed to new all-time highs.


Gold

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The article is in Czech

Tags: Wall Street slight growth embarrassing start earnings season #4Q22 markets today

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