Instead of New Year’s rally-stock market sell-off
2022.12.27 11:01
Instead of New Year’s rally-stock market sell-off
Budrigannews.com – The first week of trading in 2022 saw gains reversed on the stock market, which got off to a negative start. As of 10:15 ET (13:15 GMT) on Tuesday, the was trading at 3825, down 0.5 percent. The was down 1.2% while the was trading about the same. The was down as it were .15% in early exchanging.
The Nasdaq has been the biggest loser this year, a departure from its performance prior to the Great Financial Crisis, and tax-loss selling and momentum may be further dragging it down. NASDAQ: Tesla is a (very) small microcosm of that effect, as the company that makes electric cars was down 6.6% in early trading on news that it was at its Shanghai plant. If prices hold, this would be the market leader’s 14th down day in 16 days and a drop of more than 40% for the month of December. Nio (NYSE:) was lower by 6.8% following its own and
Southwest Carriers (NYSE:) dropped 5.4% in the midst of weighty flight retractions because of harsh climate in the U.S. Apple (NASDAQ:) was 1.4% lower at the time that JPMorgan reported that.
Wynn Resorts, Inc. likewise Las Vegas Sands climbed 5.5 percent and 4%, respectively, on news that China was easing restrictions on foreign visitors, eliminating a quarantine requirement for only negative PCR tests. Alibaba (NASDAQ:) +5.6 percent; JD.com (NASDAQ:) +5.6%) and Pinduoduo (NASDAQ:) ( +4.4%) likewise rode this wave higher.
More Judge Lewis Kaplan will hear FTX case
increased by 1.4% and 1.1%, possibly in response to the China news. was up 2.2% while the impact of that severe weather on the United States was still being evaluated.
In Tuesday trading, the lost.2 percent, but the gained.1 percent and climbed 1.3 percent to continue their strong run. was unable to make a lot of money from the weakening of the dollar and ended the day trading about flat at $16,823.
