Stock markets fall in the face of the FED’s rate hike

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Posted on May 3, 2022 Yesterday’s trading day left us with a negative sign at the close of the European stock markets. The Euro Stoxx 50 closed with a drop of 1.85%, to 3,732 points, while the Ibex 35 left 1.73%, to 8,436 points. European stock markets experienced a sudden crash in their main indices and moderated with the opening of Wall Street. Doubts about expectations of the Fed’s interest rate hike will set the pace in the main financial markets. At the head of the values ​​that rose the most we find Flutter (+1.88%) and CRH (+1.46%). In negative territory, however, Mercedes Benz (-7.27%), Basf (-5.90%) or Vonovia (-5.45%) stand out. The Spanish stock market marked a day of decline, with sectors that pushed it down such as financial services or telecommunications. The value with the best behavior in the session was Grifols (+1.88%), followed by Meliá (+1.63%) and Inditex, with a slight advance of 0.20%. Fluidra (-5.51%), Laboratorios Rovi (-4.83%) and Solaria (-4.60%) finished at the bottom of the Spanish selective. The main Wall Street indices fluctuated during the day yesterday, to finally close higher, where investors opted for technology stocks that had been hurt in the days leading up to the Federal Reserve meeting. The Dow Jones rose 0.26%, the S&P 500 advanced 0.57%, while the Nasdaq added 1.67%. INFORMATIONTitle Stock markets fall in the face of the Fed’s interest rate hike Description Yesterday’s trading session left us with a negative sign at the close of the European stock markets. The Euro Stoxx 50 closed with a drop of 1.85%, to 3,732 points, while the Ibex 35 left 1.73%, to 8,436 points. Author GLOBALCAJA

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