Black Thursday: Sharp declines in US, Nasdaq collapsed by 5 percent
The worst day of the year: Nasdaq plunged 5 percent, the Dow Jones industrial average lost 3.11 percent and the S&P index fell 3.55 percent amid fears of inflation.
Severe dives in technology stocks, Netflix at a 4.5-year low
Walla!
Of money
05/05/2022
Thursday, 05 May 2022, 23:31
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Shortly after the Fed announced on Wednesday that it had raised interest rates by half a percent, uncertainty seemed to be leaving Wall Street and the market shifted from sharp declines to rises.
This optimism lasted less than 24 hours, when from the opening of trading until the end today (Thursday) the US markets were painted bright red.
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Lots of red.
Wall Street Today (Photo: GettyImages, Michael M. Santiago)
The Nasdaq was down 4.99 percent, the Dow was down 3.11 percent and the S & P500 was down 3.55 percent.
Technology stocks have fallen sharply.
Amazon dropped 7.6 percent from the campaign and dropped to $ 2,328 a share, its lowest value in exactly two years.
eBay posted a disappointing forecast and fell 12 percent, Apple lost close to 6 percent and Meta (Facebook) lost nearly 7 percent.
Netflix, which has experienced weeks of terror, recorded a 7.7 percent drop and fell to a low it has not experienced since December 2017.
The dive comes amid heavy fears of inflation, when many economists believe the Fed moves came too late.
However, on Wednesday the indices rose sharply, so no one expected such a significant fall.
Of money
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