The top headlines for FOX Business Flash on April 11 are:
U.S. stocks Negative and positive territories early Tuesday as investors became concerned about the outbreak of a new COVID-19 in China, the war in Ukraine, and plans for the Federal Reserve to tighten monetary policy. I went back and forth between.
| Ticker | safety | last | Change | change % |
|---|---|---|---|---|
| I: DJI | Dow Jones Industrial Average | 34308.08 | -413.04 | -1.19% |
| SP500 | S & P 500 | 4412.53 | -75.75 | -1.69% |
| I: COMP | Nasdaq Composite Index | 13411.956315 | -299.04 | -2.18% |
The S & P 500 fell 75.75 points (1.7%) to 4,412.53 on Monday, and the Dow Jones Industrial Average fell 413.04 points (1.2%) to 34308.08. The high-tech Nasdaq Composite index fell by 299.04 points (2.2%) to 13411.96.
The Nasdaq decline is based on a 3.9% decline last week after Fed officials have indicated their intention to raise borrowing costs and shrink central bank balance sheets to curb inflation.
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Many tech stocks are particularly sensitive to growth rates as they are valued based on expectations of growth in the distant future. The S & P 500’s heavily weighted tech sector fell 2.6% that day as tech stocks continued to be under pressure on Monday.
China’s blockade in Shanghai and other industrial centers is beginning to adversely affect the country’s economy. Car sales were sluggish, consumer prices rose, and economists lowered their growth forecasts. Restrictions to contain the epidemic of Omicron variants have closed factories and further disrupted the global supply chain.
U.S. stocks volatile early Tuesday, April 12, 2022, as investors worry about a new COVID-19 outbreak in China, a war in Ukraine, and plans for the Federal Reserve to tighten monetary policy. So I moved between the negative and positive areas. (Courtney Crow via AP / New York Stock Exchange)
“We remain worried about the situation at COVID-19,” Anderson Alves of Activ Trades said in a report. “The market is keeping an eye on the situation in Ukraine for signs that could trigger further risk-off price behavior.”
Later on Tuesday, the Ministry of Labor was scheduled to report consumer prices in March.
Investors are concerned that inflation could be strong enough to encourage consumers to cut spending. This could mean a slower-than-expected slowdown in economic growth.
Microsoft was down 3.9% and Apple was down 2.6%.
Investors are expecting a more aggressive shift from the Fed as it seeks to curb rising inflation. The central bank has already announced a quarter percentage increase in key interest rates.
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Within minutes of last month’s meeting, the Federal Reserve has indicated that it is considering doubling the US benchmark interest rate at future meetings. They also said they would reduce the Fed’s bond holdings, which would push up long-term borrowing rates.
Meanwhile, the Asian stock market was confused on Tuesday as investors waited for US inflation data amid rising interest rates, China’s efforts to contain the coronavirus outbreak, and fears of Russia’s Ukrainian war.
Shanghai and Hong Kong have moved forward, while Tokyo and Seoul have fallen. Oil prices have risen by more than $ 3 per barrel.
Oil prices are expected to weaken as demand in China is expected to weaken after most companies in Shanghai were closed on Tuesday, April 12, 2022 and restrictions were imposed on other industrial centers to contain the coronavirus outbreak. Did. (David L. Nemec / New York Stock Exchange via AP / Associated Press)
The Shanghai Composite Index rose 1.5% to 3,213.33 after authorities announced that it would close most companies in China’s most populous cities and ease anti-coronavirus measures that disrupt manufacturing.
The Hang Seng Index in Hong Kong rose 0.9% to 21,400.40, and the Nikkei 225 in Tokyo rose 1.8% to 26,334.98.
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Seoul’s Kospi gave up 1% to 2,666.76, and Sydney’s S & P-ASX 200 fell 0.4% to 7,454.00.
India’s Sensex fell 0.8% to 58,476.81. Markets in New Zealand and Southeast Asia have fallen.
After most companies in Shanghai were closed and regulations were imposed on other industrial centers to contain the coronavirus outbreak, oil prices fell back to expectations of weak demand in China. Last month’s prices soared above $ 130 a barrel due to concerns that Russia’s supply could be cut off.
Chinese automakers and other manufacturers are reducing production after authorities have tightened regulations to stop the outbreak of the coronavirus in Shanghai and other cities.
Benchmark US Crude Oil rose $ 3.07 to $ 97.36 per barrel in electronic trading on the New York Mercantile Exchange. Monday’s contract fell $ 3.97 to $ 94.29. Brent crude, the pricing standard for international oil trading, has been added in London from $ 3.03 to $ 101.51 per barrel. In the last session, it fell $ 4.30 to $ 98.48.
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The dollar rose from 125.46 yen on Monday to 125.59 yen. The euro fell from $ 1.0890 to $ 1.0859.
