Arrows pointed to Wall Street on Wednesday, given the fact that consumer prices in the US were as expected.
Data from US authorities indicate that consumer prices in October rose by 0.3 percent compared to September. Compared to the corresponding period of the previous year, the index grew by 2.5%, while core inflation – by 2.1%.
"I think the stock market is experiencing a continuation of the pressure on sales that began in early October. If investors do not understand what was happening after selling or started, do not hesitate to buy. The continued downward pressure forces investors to not win as many shares as volatility and sales continue. pressure, "said Robert Pavlik, SlateStone Wealth Investment, CNBC.
In addition, the British government has opted to support the draft Brexie agreement.
– The government has decided to continue the draft agreement. This is a decisive step that will allow us to move forward and conclude an agreement in the coming days, it can be said that on Wednesday, a press conference was announced outside of the Prime Minister's House.
The pound fell before London's announcement and was sold at a level of 1,2897 just a snail an hour before the May announcement in the press. On Wednesday night, the pound is 1.3003 per dollar.
Dow Jones dropped to 25,080.50 points, down 0.81 percent.
6 out of 30 stocks in the index rose.
Chemical industry company DowDuPont had won today in the world-famous index.
According to the quarterly report, which was published in early November, the company secured stable growth in the third quarter. Turnover increased by 32% compared to the previous year.
The share was invested 0.89 percent.
In addition to the list of losses, we find an insurance giant Travelers Cos. The company's market value dropped by 2.97 percent.
The S & P 500 dropped to 2,701.58 points, dropping by 0.76 percent.
The financial part was a clear loser on Wall Street on Wednesday.
Although consumer prices came to the consensus of analysts, there were more players on the market who have lately believed in higher prices for strong job numbers and a tight labor market. Interest rates reacted to a downturn, and now it seems Fed chief Jerome Powell controls inflation. According to today's key figures, the upside risk of the US interest rate has not been higher.
In addition, Maxine Walters, a Democrat of the United States, has announced that short-term administration efforts to ease regulatory pressure on the US banking sector will now face strong counterparts in Parliament. In November, the republicans lost the majority of the House of Representatives behind the United States, and only laws and regulations require that Democrats in Parliament hear Triggers to overcome their policies.
Goldman Sachs ended 1.28 percent.
Citigroup decreased by 2.89 percent.
JPMorgan remains at 2.97 percent while Bank of America lost 1.91 percent of market value.
General Electric was a bad day on the stock exchange and ended up with 3.14 percent.
Nasdaq Composite closed the day with 7,163.39 points, which is 0.90 percent.
an Apple was a big loser and stocks fell 2.82 percent.
AMD was among the winners and the highly volatile stock rose by 6.12 percent.
Tesla On Wednesday, the market value increased by 1.56 percent.
Facebook It was also a good day and went against the market. The share rose by 1.45 percent.
Microsoft decreased by 1.42 percent.
Netflix ended 2.63 percent.
Among other interesting stocks, we find oil-related companies, for example, Transocean and Baker Hughes. The first decade rate was 1.48 percent oil prices, while the last pension in total was 2.73 percent. Exxon Mobil decreased by 0.74 percent.
With two cannabis-related stocks Aurora Cannabis and Canopy Growth Corporation experienced a troubled day on the stock exchange and dropped by 8.06 and 11.07 percent respectively.
The VIX index increased by 6.14 percent to 21.25 points.
Gold ended the day at $ 1,211.30 per ounce, which is 0.83 percent.