Dear readers, the first southing of the stock markets for this year has happened and it occurred to none other than the US’s NASDAQ yesterday with its tumbling of 2.5%. The other US stock indices also closed lower yesterday: Dow Jones by -0.49% and the S&P 500 by -1.42%.
The declines in the stock markets were reportedly to be due to multiple Federal Reserve officials talking about inflation and interest rate hikes and these has sent technology stocks which are interest-rate sensitive lower.
I also read reports that investors will also be looking at the reporting of results for some US companies in the coming weeks which are expected to be lower.
I am not surprised at the southing of the US stock markets, especially the NASDAQ yesterday as I believe with the gradual hiking of interest rates this year, amidst other existing developments like the Covid-19, stock markets for this year will be even more volatile than year 2021.
This year could be the year where investors take out their investment warchests and start investing in the stock markets when they have corrected to an attractive level.
- OVERBOUGHT AND OVERSOLD LARGE CAP US STOCKS
- STARBUCKS STOCK CRASH ON 1 MAY 24
- KEPPEL STOCK: PRICE TREND AS EXPECTED!
- HOW MALAYSIA STOCK MARKETS PERFORM COMPARED TO SINGAPORE STOCK MARKETS?
- MY VERDICT OF THE 50 CENTS COFFEE
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!