{"id":781,"date":"2023-02-14T13:04:22","date_gmt":"2023-02-14T18:04:22","guid":{"rendered":"https:\/\/embarrdowns.com\/u-s-stocks-retreat-following-hawkish-fed-remarks-tech-shares-suffer-losses\/"},"modified":"2023-02-14T13:04:23","modified_gmt":"2023-02-14T18:04:23","slug":"u-s-stocks-retreat-following-hawkish-fed-remarks-tech-shares-suffer-losses","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/u-s-stocks-retreat-following-hawkish-fed-remarks-tech-shares-suffer-losses\/","title":{"rendered":"U.S. Stocks Retreat Following Hawkish Fed Remarks, Tech Shares Suffer Losses"},"content":{"rendered":"

This week, U.S. stocks experienced some pressure following hawkish remarks from Federal Reserve officials.[0]<\/a><\/sup> The Dow Jones Industrial Average (DJIA) edged down 0.2% in last week’s stock market trading, while the S&P 500 index fell 1.1%.[1]<\/a><\/sup> The tech-heavy Nasdaq Composite lost 2.4%.[1]<\/a><\/sup> All three indexes closed in the green on Tuesday.[2]<\/a><\/sup> <\/p>\n

After jumping 1.3% the day before, the S&P 500 dropped 1.2% during afternoon trading, following a turbulent session.[2]<\/a><\/sup> The Dow Jones Industrial Average experienced a decrease of 0.6%, while the Nasdaq Composite Index dropped 1.7%.[3]<\/a><\/sup> Initial unemployment claims in the United States rose by 13,000 to 196,000 in the week ended, which is higher than the anticipated figure of 190,000 and indicates a weakening labor market.[4]<\/a><\/sup> <\/p>\n

In Europe, stocks were higher today.[5]<\/a><\/sup> The STOXX 600 of the Eurozone grew by 0.1%, the FTSE 100 of London increased by 0.2%, and Spain’s IBEX 35 Index saw an[5]<\/a><\/sup> The German DAX climbed 0.1%, the French CAC 40 surged 0.1%, and Italy\u2019s FTSE MIB Index rose 0.2%.[5]<\/a><\/sup> On the same day, the US 10-year yield dropped to 3.72% by 2.2 basis points, while the two-year rate increased to 4.54% by three basis points. Britain\u2019s 10-year yield declined two basis points to 3.29%.<\/p>\n

After its quarterly earnings report revealed a weak forecast, Lyft (LYFT) experienced a sharp decline in share price. LYFT stocks dropped significantly following the release of their fourth quarter financial report, which revealed an unexpected loss and a less-than-satisfactory revenue forecast for the quarter ahead. Joining many other tech companies that have laid off thousands of people, the company declared that it would be reducing its personnel.[0]<\/a><\/sup> <\/p>\n

Shares of Expedia (EXPE) dropped sharply after the company reported fourth quarter results which failed to meet expectations of analysts on both revenues and profits.[6]<\/a><\/sup> Shares of Google parent company Alphabet, Inc. (GOOGL) traded lower this week after its artificial intelligence chatbot Bard failed to impress Wall Street at Google’s AI event on Wednesday.[7]<\/a><\/sup> <\/p>\n

In commodities, gold prices plummeted $10.80 to $1,863.70 U.S. an ounce.[8]<\/a><\/sup> West Texas Intermediate crude fell 1.1% to $77.63 a barrel, while Bitcoin fell 4.[9]<\/a><\/sup><\/p>\n

0. <\/span>“Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December” MarketWatch, 10 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-another-down-day-on-wall-street-amid-earnings-disappointment-e26059bc<\/a><\/a><\/p>\n

1. <\/span>“Dow Jones Futures: Market Rally Pullback Continues; What To Do As Inflation, Tesla Data Loom | Investor’s Business …” Investor’s Business Daily, 12 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/market-rally-has-first-real-pullback-cpi-inflation-report-looms-large-tesla-stock\/<\/a><\/a><\/p>\n

2. <\/span>“Stocks Fall as Investors Keep Eye on Path of Interest Rates” The Wall Street Journal, 8 Feb. 2023, https:\/\/www.wsj.com\/articles\/global-stocks-markets-dow-update-02-08-2023-11675858404<\/a><\/a><\/p>\n

3. <\/span>“S&P 500 gives up gains as deeper yield curve inversion spooks stocks By Investing.com” Investing.com, 9 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-gives-up-gains-as-deeper-yield-curve-inversion-spooks-stocks-2999822<\/a><\/a><\/p>\n

4. <\/span>“Stocks Relinquish Early Gains and Close Lower as Bond Yields Climb” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14072296\/stocks-relinquish-early-gains-and-close-lower-as-bond-yields-climb<\/a><\/a><\/p>\n

5. <\/span>“Dow Falls 150 Points; US Consumer Prices Rise 0.5% In January – Endava (NYSE:DAVA), Denny’s (NASDAQ:DENN)” Benzinga, 14 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30900435\/dow-falls-150-points-us-consumer-prices-rise-0-5-in-january<\/a><\/a><\/p>\n

6. <\/span>“U.S. Stocks Close Mixed On The Day But Lower For The Week” RTTNews, 10 Feb. 2023, https:\/\/www.rttnews.com\/3343524\/u-s-stocks-close-mixed-on-the-day-but-lower-for-the-week.aspx<\/a><\/a><\/p>\n

7. <\/span>“Markets Fall on Worries About Corporate Profits” Investopedia, 8 Feb. 2023, https:\/\/www.investopedia.com\/markets-fall-on-worries-about-corporate-profits-7107410<\/a><\/a><\/p>\n

8. <\/span>“Dow Rockets 250+, Clawing Back Some of its Declines” InvestorsObserver, 13 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/qm-news\/8244349936548762<\/a><\/a><\/p>\n

9. <\/span>“Stock Buyers\u2019 Fatigue Kicks In as Bond Yields Jump: Markets Wrap” Yahoo! Voices, 9 Feb. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-face-declines-wall-230048868.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This week, U.S. stocks experienced some pressure following hawkish remarks from Federal Reserve officials.[0]<\/a><\/sup> The Dow Jones Industrial Average (DJIA) edged down 0.2% in last week’s stock market trading, while the S&P 500 index fell 1.1%.[1]<\/a><\/sup> The tech-heavy Nasdaq Composite lost 2.4%.[1]<\/a><\/sup> All three indexes closed in the green on Tuesday.[2]<\/a><\/sup> <\/p>\n

After jumping 1.3% the day before, the S&P 500 dropped 1.2% during afternoon trading, following a turbulent session.[2]<\/a><\/sup> The Dow Jones Industrial Average experienced a decrease of 0.6%, while the Nasdaq Composite Index dropped 1.7%.[3]<\/a><\/sup> Initial unemployment claims in the United States rose by 13,000 to 196,000 in the week ended, which is higher than the anticipated figure of 190,000 and indicates a weakening labor market.[4]<\/a><\/sup> <\/p>\n

In Europe, stocks were higher today.[5]<\/a><\/sup> The STOXX 600 of the Eurozone grew by 0.1%, the FTSE 100 of London increased by 0.2%, and Spain’s IBEX 35 Index saw an[5]<\/a><\/sup> The German DAX climbed 0.1%, the French CAC 40 surged 0.1%, and Italy\u2019s FTSE MIB Index rose 0.2%.[5]<\/a><\/sup> On the same day, the US 10-year yield dropped to 3.72% by 2.2 basis points, while the two-year rate increased to 4.54% by three basis points. Britain\u2019s 10-year yield declined two basis points to 3.29%.<\/p>\n

After its quarterly earnings report revealed a weak forecast, Lyft (LYFT) experienced a sharp decline in share price. LYFT stocks dropped significantly following the release of their fourth quarter financial report, which revealed an unexpected loss and a less-than-satisfactory revenue forecast for the quarter ahead. Joining many other tech companies that have laid off thousands of people, the company declared that it would be reducing its personnel.[0]<\/a><\/sup> <\/p>\n

Shares of Expedia (EXPE) dropped sharply after the company reported fourth quarter results which failed to meet expectations of analysts on both revenues and profits.[6]<\/a><\/sup> Shares of Google parent company Alphabet, Inc. (GOOGL) traded lower this week after its artificial intelligence chatbot Bard failed to impress Wall Street at Google’s AI event on Wednesday.[7]<\/a><\/sup> <\/p>\n

In commodities, gold prices plummeted $10.80 to $1,863.70 U.S. an ounce.[8]<\/a><\/sup> West Texas Intermediate crude fell 1.1% to $77.63 a barrel, while Bitcoin fell 4.[9]<\/a><\/sup><\/p>\n

0. <\/span>“Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December” MarketWatch, 10 Feb. 2023, https:\/\/www.marketwatch.com\/story\/u-s-stock-futures-point-to-another-down-day-on-wall-street-amid-earnings-disappointment-e26059bc<\/a><\/a><\/p>\n

1. <\/span>“Dow Jones Futures: Market Rally Pullback Continues; What To Do As Inflation, Tesla Data Loom | Investor’s Business …” Investor’s Business Daily, 12 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/market-rally-has-first-real-pullback-cpi-inflation-report-looms-large-tesla-stock\/<\/a><\/a><\/p>\n

2. <\/span>“Stocks Fall as Investors Keep Eye on Path of Interest Rates” The Wall Street Journal, 8 Feb. 2023, https:\/\/www.wsj.com\/articles\/global-stocks-markets-dow-update-02-08-2023-11675858404<\/a><\/a><\/p>\n

3. <\/span>“S&P 500 gives up gains as deeper yield curve inversion spooks stocks By Investing.com” Investing.com, 9 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/sp-gives-up-gains-as-deeper-yield-curve-inversion-spooks-stocks-2999822<\/a><\/a><\/p>\n

4. <\/span>“Stocks Relinquish Early Gains and Close Lower as Bond Yields Climb” Barchart, 9 Feb. 2023, https:\/\/www.barchart.com\/story\/news\/14072296\/stocks-relinquish-early-gains-and-close-lower-as-bond-yields-climb<\/a><\/a><\/p>\n

5. <\/span>“Dow Falls 150 Points; US Consumer Prices Rise 0.5% In January – Endava (NYSE:DAVA), Denny’s (NASDAQ:DENN)” Benzinga, 14 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30900435\/dow-falls-150-points-us-consumer-prices-rise-0-5-in-january<\/a><\/a><\/p>\n

6. <\/span>“U.S. Stocks Close Mixed On The Day But Lower For The Week” RTTNews, 10 Feb. 2023, https:\/\/www.rttnews.com\/3343524\/u-s-stocks-close-mixed-on-the-day-but-lower-for-the-week.aspx<\/a><\/a><\/p>\n

7. <\/span>“Markets Fall on Worries About Corporate Profits” Investopedia, 8 Feb. 2023, https:\/\/www.investopedia.com\/markets-fall-on-worries-about-corporate-profits-7107410<\/a><\/a><\/p>\n

8. <\/span>“Dow Rockets 250+, Clawing Back Some of its Declines” InvestorsObserver, 13 Feb. 2023, https:\/\/www.investorsobserver.com\/news\/qm-news\/8244349936548762<\/a><\/a><\/p>\n

9. <\/span>“Stock Buyers\u2019 Fatigue Kicks In as Bond Yields Jump: Markets Wrap” Yahoo! Voices, 9 Feb. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-face-declines-wall-230048868.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":780,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/781"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=781"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/780"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}