[MARKET UPDATE] Further downsides seen in the equity space, with Nasdaq (-2.6%) and S&P 500 (-2.4%)
Newsquawk Staff ·
Further downsides seen in the equity space, with Nasdaq (-2.6%) and S&P 500 (-2.4%)
What it means
The notable declines in the Nasdaq and S&P 500 suggest a broad risk-off sentiment in the equity markets, likely driven by concerns over macroeconomic conditions or corporate earnings. Traders should consider the underlying catalysts, as this could impact both sector performance and overall investor sentiment going forward.
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded
- [MARKET UPDATE] WTI and Brent futures tick higher amid multiple geopolitical headlines, including reports of an explosion at the Saudi Ras Tanura (550k BPD) refinery; WTI Dec and Brent Jan towards the top ends of intraday ranges
Related headlines
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- [MARKET UPDATE] Asia-Pac stocks follow suit to the gains on Wall St, where the Nasdaq outperformed as tech stocks continued to shrug off recent AI-related concerns, while participants digest SK Hynix earnings and await the looming central bank decisions 14 hours ago
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike20 min ago
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully1 hour ago
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- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- UK Chancellor Healey announces new measure on housing; will provide additionally GBP 1.5bln for social and affordable housing programme1 hour ago
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th2 hours ago
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