Stocks open lower on Wall Street; AMC falls on share sale – Washington, District of Columbia

Washington, District of Columbia 2021-06-03 09:43:43 –

Wall Street shares fell on Thursday to open trading, eradicating the rise in the market that week. A prosperous technology company …

Wall Street shares fell on Thursday to open trading, eradicating the rise in the market that week. The tech company, which went up the day before, was the biggest loser. The S & P 500 was 0.6% off. AMC Entertainment fell after movie theater operators announced they would sell more shares following the sharp rise in stock prices this year. Investors this week are getting a lot of attention in the job market, and they’ll be looking closely at the government’s monthly employment report, which will be released on Friday. The number reportedly declined last week for the fifth straight week.

This is a breaking news update. The previous story of AP is as follows.

Bangkok (AP) — After a mixed session in Asia, European stocks fell, benchmarks fell in Paris, London and Hong Kong, and Tokyo and Seoul rose.

In a quiet Newsweek, investors are paying attention to a report by the US Department of Labor on Friday. Economists show that employers added more than 650,000 jobs last month. Federal Reserve Board (FRB) ) Is expected to get new clues when the Fed holds a policy-makers’ meeting later this month on the next move in interest rate policy.

Expectations for a significant increase in employment have raised concerns about inflation and how the world’s central banks will respond. The concern is that if governments and central banks have to withdraw stimulus to combat rising prices, global recovery could be hampered.

“The stock market has recently shown signs of a sharp rise in inflation, and we expect it to continue to rise for some time,” said Oliver Jones of Capital Economics.

He said the sharp rise in prices outweighed the recovery in demand, partly due to supply bottlenecks, and is likely to decline over time.

The UK FTSE 100 fell 0.7% to 7,060.01 and the Paris CAC 40 fell 0.1% to 6,517.74. Germany’s DAX also fell 0.1% to 15,591.02. Futures on the S & P 500 and Dow Jones Industrial Average were 0.1% cheaper.

In Asian trading, Tokyo’s Nikkei 225 Index rose 0.4% to 29,058.11, and the Shanghai Composite Index fell 0.4% to 3,584.21. South Korea’s Kospi surged 0.7% to 3,247.43. This was supported by last night’s backlash from tech stocks in favor of market leaders like Samsung Electronics.

Australia’s S & P / ASX 200 rose 0.6% to 7,260.10 and Hong Kong’s Hang Seng Index fell 1.1% to 28,966.03.

According to Japanese reports, the government is considering additional support for the economy as the country is enduring a further epidemic of the coronavirus while strengthening vaccinations for the Tokyo Olympics starting late next month. Stated.

Wednesday’s benchmark S & P 500 rose 0.1% to 4,208.12, offsetting the decline in retailers and other firms whose technology, energy and real estate stock strengths depended on consumer spending.

The Dow Jones Industrial Average rose 0.1% to 34,600.38. The Nasdaq recovered from its initial decline, rising 0.1% to 13,756.33.

SME stocks also recorded a modest rise. The Russell 2000 Index rose 0.1% to 2,297.83.

The stake in AMC Entertainment, which operates the cinema, almost doubled in another fierce deal as the company accepted its position as a “meme” stake pushed up by a horde of retail investors. Other stocks such as GameStop, which is backed by online bulletin boards and social media, have also risen.

Yields on 10-year Treasuries rose from 1.59% to 1.60%.

US benchmark crude fell $ 68.82 per barrel in electronic commerce on the New York Mercantile Exchange. It rose from $ 1.11 per barrel to $ 68.83 on Wednesday. Brent crude, the international pricing benchmark, remained unchanged at $ 71.35 per barrel.

The US dollar was trading between JPY 109.57 and JPY 109.77 late Wednesday. The euro fell from $ 1.2212 to $ 1.2194.

Copyright © 2021 Associated Press. all rights reserved. This material may not be published, broadcast, written, or redistributed.

Stocks open lower on Wall Street; AMC falls on share sale Source link Stocks open lower on Wall Street; AMC falls on share sale

Back to top button