Global stocks fell back further from last week’s record amid a panoply of concerns spanning earnings, valuations, coronavirus trends and the fallout of frenzied retail trading in parts of the U.S. market. The dollar rose.
Nasdaq 100 futures underperformed after disappointment over results from the likes of Apple Inc. and Tesla Inc. sent shares sliding after market. Stocks in Hong Kong and Australia saw the bulk of Asian losses. European contracts slid.
Earlier, the S&P 500 slumped 2.6% -- the most since October -- after Federal Reserve officials left their main interest rate unchanged and made clear the central bank was nowhere near exiting massive support for the economy. Treasuries steadied, with 10-year yields at just over 1%.
Turmoil continued in parts of the market where retail traders are becoming a major force. Shares of GameStop Corp. and AMC Entertainment Holdings Inc. tumbled post-market, paring Wednesday’s surge. The WallStreetBets Reddit forum, which fueled the retail frenzy, was briefly made private by moderators.
US After Hours TSLA -3.9%, AAPL -3%, FB -0.4%, LEVI -6.9%, TER -5.8%, WHR -4.8%; ZYME -32% falls sharply on clinical trial update
Nikkei -1.53% Hang Seng -2.31% CSI -2.85% Shanghai -1.95% Shenzen -2.85%
Eur$ 1.2101 CNH 6.4976 CNY 6.4798 JPY 104.28 GBP 1.3669 CHF 0.8891 RUB 75.8840 TRY 7.4159 WTI$ 52.51 -0.64%
S&P -0.51% Nasdaq -0.69% EuroStoxx -1.08% FTSE -1.12% Dax -1.11% SMI -0.92%
Macro :
Macro :
- Cohen’s Point72 Loses 10-15% Amid Month’s Hedge Fund Carnage
- JPMorgan’s Kolanovic Rebukes Bubble Warnings, Urging Buy the Dip
- JPMorgan’s Kolanovic Rebukes Bubble Warnings, Urging Buy the Dip
- Goldman Strategist Joins Wall Street Chorus Saying Buy Dip
Keep an eye on :
Keep an eye on :
- ALV GY : Allianz Gets China Nod for Insurance Asset Management Company
- AMBUB DC : Ambu Offering Prices 4.96m Shares at DKK262/Share
- AZN LN : *ASTRAZENECA ADRS EDGE LOWER; STILL AT SUPPLY LOGGERHEAD WITH EU
- BKIA SM : Bankia 4Q Net Income Beats Estimates
- BMPS IM : Italy Races to Take $12 Billion of Risk Off Monte Paschi’s Books
- BMW GY : BMW Cash Flow Beats Estimates as Carmakers Sustain Recovery
- BUCN SW : Bucher FY Sales Meet Estimates
- ELIOR FP : Elior Group 1Q Revenue Misses Estimates
- EMMN SW : Emmi FY Sales CHF3.71B Vs. CHF3.49B Y/y
- ENX FP : Swiss Exchange SIX Eyes Acquisitions in Asia: NZZ
- G IM : Generali Rearranges Organizational Structure to Deliver on Plan
- GFS LN : Garda World Says Considering Options on G4S
- HANDI SS : Savaria Announces Cash Offer to Buy Handicare for SEK50.00/Shr
- INTRUM SS : Intrum FY Dividend Per Share Beats Estimates
- LEO GY : Leoni Prelim 4Q Free Cash Flow About EU126M
- MC FP : LVMH-Backed L Catterton Plans to Raise $250 Million in Asia SPAC
- NCCB SS : NCC 4Q Pretax Profit Misses Estimates
- NOKIA FH : Nokia Not Aware of Any Material Undisclosed Developments
- NOKIA FH : Nokia Not Aware of Any Material Undisclosed Developments
- SAP GY : Qualtrics Is Said to Price IPO Above Range at About $30 a Share
- SGSN SW : SGS FY Adjusted Ebitda Beats Estimates
- SIOE BB : Sioen Family’s EU23/Share Offer for Sioen Runs Jan. 28 to Feb 18
- SRAIL SW : Stadler Rail Gains Amid Speculation Spuhler to Stay as CEO
- STM FP : STMicroelectronics 1Q Net Revenue Forecast Beats Estimates
- STM FP : STMicro Spends Heavily to Boost Output in Volatile Chip Market
- UHR SW : Swatch FY Operating Profit Misses Estimates
- FTI FP : TechnipFMC’s Energies Sees 5.5%-6% Ebit Margin in 2021
- FTI FP : *TECHNIP INTENDS TO PROCEED WITH TECHNIP ENERGIES SHARES LISTING
- TEL NO : Telenor’s Grameenphone 4Q Revenue NOK3.69B vs NOK3.89B Year Ago
- TODS IM : Tod's FY Sales Meet Estimates
- UCG IM : UniCredit Names Ex-UBS Dealmaker Andrea Orcel as Its Next CEO
- UPM FH : UPM Starts Basic Engineering Phase of Planned Biorefinery
- VIV FP : Vivendi Seeks Permission to Own 20% of Prisa: El Confidencial
- ZEAL DC : Zealand Pharma to Offer 4m Shrs