Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes_老虎社区_美港股上老虎

Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes

Reuters2022-05-06

U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...

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生肉麵加豬油渣
·2022-05-06
what about mid term election, covid lockdown is over soon in shanghai, abhigya anand prediction for some pieces of good news instead?
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boonhup
·2022-05-06
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boonhup
·2022-05-06
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boonhup
·2022-05-06
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boonhup
·2022-05-06
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·2022-05-06
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The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":616242717,"gmtCreate":1651805278339,"gmtModify":1651805279785,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"what about mid term election, covid lockdown is over soon in shanghai, abhigya&nbsp;anand prediction for some pieces of good news instead?&nbsp;","listText":"what about mid term election, covid lockdown is over soon in shanghai, abhigya&nbsp;anand prediction for some pieces of good news instead?&nbsp;","text":"what about mid term election, covid lockdown is over soon in shanghai, abhigya anand prediction for some pieces of good news instead?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616242717","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616228258,"gmtCreate":1651797805974,"gmtModify":1651797808586,"author":{"id":"3570863489388697","authorId":"3570863489388697","name":"boonhup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comments thanks 😊","listText":"Please like and comments thanks 😊","text":"Please like and comments thanks 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616228258","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616228642,"gmtCreate":1651797798486,"gmtModify":1651797800623,"author":{"id":"3570863489388697","authorId":"3570863489388697","name":"boonhup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616228642","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616228365,"gmtCreate":1651797747157,"gmtModify":1651797749498,"author":{"id":"3570863489388697","authorId":"3570863489388697","name":"boonhup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comments thanks 😊","listText":"Please like and comments thanks 😊","text":"Please like and comments thanks 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616228365","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616228968,"gmtCreate":1651797713954,"gmtModify":1651797715881,"author":{"id":"3570863489388697","authorId":"3570863489388697","name":"boonhup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comments thanks 😊","listText":"Please like and comments thanks 😊","text":"Please like and comments thanks 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616228968","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616265685,"gmtCreate":1651795349547,"gmtModify":1651795350687,"author":{"id":"3581676436170868","authorId":"3581676436170868","name":"hu1250","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616265685","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":616265896,"gmtCreate":1651795336715,"gmtModify":1651795337940,"author":{"id":"3581676436170868","authorId":"3581676436170868","name":"hu1250","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/616265896","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7395451,"gmtCreate":1651795354180,"gmtModify":1651795355057,"authorId":3581676436170868,"author":{"id":3581676436170868,"authorId":3581676436170868,"name":"hu1250","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":616265896,"type":1,"supId":0,"prevId":0,"content":"<u>K</u>","text":"<u>K</u>","html":"<u>K</u>"}],"langContent":"CN"},{"id":616265147,"gmtCreate":1651795283989,"gmtModify":1651795285320,"author":{"id":"3583131237618472","authorId":"3583131237618472","name":"AdrinaChow","avatar":"https://static.tigerbbs.com/d1b867f4c2019d6ec313665b1af8431b","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/616265147","repostId":2233873901,"repostType":4,"repost":{"id":"2233873901","pubTimestamp":1651792143,"share":"https://www.laohu8.com/m/news/2233873901?lang=&edition=full","pubTime":"2022-05-06 07:09","market":"us","language":"en","title":"Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=2233873901","media":"Reuters","summary":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in th","content":"<html><head></head><body><p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve&#39;s interest rate hike the previous day would not be enough to tame surging inflation.</p><p>All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.</p><p>The Dow&#39;s decline was its worst daily performance since October 2020.</p><p>Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.</p><p>However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.</p><p>&#34;Investors aren&#39;t looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,&#34; said Megan Horneman, chief investment officer at Verdence Capital Advisors.</p><p>The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.</p><p>Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed&#39;s June meeting.</p><p>Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.</p><p>The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&amp;P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.</p><p>Only 19 of the S&amp;P 500&#39;s constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.</p><p>Elon Musk revealed on Thursday that Oracle&#39;s co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.</p><p>All of the 11 major S&amp;P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and <a href=\"https://laohu8.com/S/EBAY\">eBay</a> Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street&#39;s estimates.</p><p>The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.</p><p>&#34;You&#39;re seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,&#34; said Horneman of Verdence Capital Advisors.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, climbed to 31.20 points.</p><p>The focus now shifts to the U.S. Labor Department&#39;s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.</p><p>Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows. </p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Tumbles Nearly 5% As Investors Fret Over Bigger Fed Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-06 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","GOOGL":"谷歌A","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","COMP":"Compass, Inc.","BK4539":"次新股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4525":"远程办公概念","ONTF":"ON24, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4573":"虚拟现实","BK4561":"索罗斯持仓"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-203308191.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2233873901","content_text":"U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday, with the Nasdaq posting its biggest one-day percentage decline since June 2020 and its lowest finish since November 2020.The Dow's decline was its worst daily performance since October 2020.Technology megacaps slumped. Google-parent Alphabet Inc , Apple Inc, Microsoft Corp, Meta Platforms, Tesla Inc and Amazon.com all fell between 4.3% and 8.3%.However, it was not just high-growth stocks, which have struggled in 2022 as the prospect of rate rises had investors questioning their future earnings potential. The selloff hit all areas of the market, as traders headed for the exits.\"Investors aren't looking at fundamentals (such as earnings) right now, and this is more of a sentiment issue,\" said Megan Horneman, chief investment officer at Verdence Capital Advisors.The U.S. central bank on Wednesday raised interest rates by half a percentage point as expected and Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting.Traders, however, on Thursday raised their bets on a 75 basis-point hike at the Fed's June meeting.Worries about Fed policy moves, mixed earnings from some big growth companies, the conflict in Ukraine and pandemic-related lockdowns in China have hammered Wall Street recently, overshadowing a better-than-expected quarterly reporting season.The Dow Jones Industrial Average fell 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 lost 153.3 points, or 3.56%, to 4,146.87 and the Nasdaq Composite dropped 647.17 points, or 4.99%, to 12,317.69.Only 19 of the S&P 500's constituents closed in positive territory, one of which was Twitter Inc, which ended 2.6% higher.Elon Musk revealed on Thursday that Oracle's co-founder Larry Ellison and Sequoia Capital were among investors that would back his takeover of the social media giant with $7.14 billion of financing.All of the 11 major S&P sectors declined, with consumer discretionary leading the way with a 5.8% drop. The index was dragged by Etsy Inc and eBay Inc, down 16.8% and 11.7% respectively, after both forecast Q2 revenue would be below Wall Street's estimates.The technology sector was the next biggest loser, down 4.9%, with Intuit Inc among those weighing the heaviest. It slipped 8.5%, to its lowest finish in a year, a day after agreeing to pay a $141 million settlement centered on deception claims around its TurboTax product.\"You're seeing those areas of the market which are purely discretionary, they are the ones getting hit today because everyone is anticipating that this is going to be a challenging period for consumers over the next several quarters,\" said Horneman of Verdence Capital Advisors.The CBOE Volatility index, also known as Wall Street's fear gauge, climbed to 31.20 points.The focus now shifts to the U.S. Labor Department's closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.Volume on U.S. exchanges was 13.45 billion shares, compared with the 12.01 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 43 new lows; the Nasdaq Composite recorded 20 new highs and 446 new lows.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7395449,"gmtCreate":1651795293682,"gmtModify":1651795294396,"authorId":3583131237618472,"author":{"id":3583131237618472,"authorId":3583131237618472,"name":"AdrinaChow","avatar":"https://static.tigerbbs.com/d1b867f4c2019d6ec313665b1af8431b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":616265147,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}