World news – Technology weighs on Nasdaq and S&P 500 as they close lower | CAMEROON MAGAZINE: Cameroon news

NEW YORK, February 22 (Reuters). The S&P 500 and Nasdaq closed lower on Monday, as rising bond yields weighed down on large growth stocks again over fears of a revival in inflation.

The Dow Jones index rose 0.09% to 31,521.69. The S & P-500, on the other hand, lost 0.76% to 3876.84 and the Nasdaq Composite 2.45% to 13,534.50 points, which was influenced by the decline in tech stocks.

Equities are suffering again from the rise in bond yields as there are concerns that a normalization of economic life could lead to an uncontrolled spike in inflation and a tightening of monetary policy by central banks.

The 10-year-old American hit an annual high of 1.394% in the meeting, before dropping to around 1.37% returned.

However, some analysts note that this decline is not much of a surprise after the sharp rise in stocks last year and since the start of 2021.

“This is a slight correction, largely because stocks are overheating a bit. Suddenly there are people making a mountain of nothing, ”said Brian Reynolds, chief market strategist at Reynolds Strategy.

Federal Reserve Chairman Jerome Powel I will likely reaffirm, during his congressional hearings this week, his commitment to maintain very accommodative policies for as long as necessary.

Apple, Netflix, Amazon, Microsoft and even Tesla continue their downward trend that started last week.

In contrast, media giant Discovery Inc jumped after announcing that it would have 12 million paying subscribers worldwide for its streaming service by the end of February.

NEXANS: 2020, the year of return to profit for Nexans

See Also:  Football betting odds and results

NAVYA: Navya benefits from a joint development project with Bluebus on the stock market

GUILLIN GROUP: Lack of plastic = risk of pressure on margins for Guillin

EMOVA GROUP: Part of the discount was used on Emova

THERMADOR GROUPE: Thermador will not have overcome the health crisis in 2020

AIRBUS:
During restructuring, Norwegian Air was able to cancel orders to Airbus, sources Boeing

VEOLIA ENVIRONMENT:
Justice inflicts a setback on Suez in its fight against Veolia’s takeover bid

HOME DEPOSIT:
Home Depot raises doubts about 2021 after demand skyrockets in 2020

VEOLIA ENVIRONMENT:
Suez / Veolia-The commercial court of Nanterre declares itself incompetent and revokes the order of 8/2

Wells Fargo & Company:
Wells Fargo sells asset management business for $ 2.1 billion

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.