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U.S. stocks Dow fell up to 1376 points, technology stocks plummeted, Hang Seng Index fell 637 points at night

2022-05-05T20:16:09.484Z


US non-agricultural productivity fell 7.5% in the first quarter, the largest drop since the third quarter of 1947; unit labor costs rose 11.6%, the highest since 1982. In addition, initial jobless claims increased by 1.9 last week,


US non-agricultural productivity fell 7.5% in the first quarter, the largest drop since the third quarter of 1947; unit labor costs rose 11.6%, the highest since 1982.

Separately, initial jobless claims rose 1.9 to 200,000 last week, beating expectations for 180,000.


Economic data was mixed, and U.S. stocks retreated sharply on Thursday, erasing yesterday's gains.

The Dow fell more than 1,300 points, while the Nasdaq tumbled nearly 6%.

The 10-year U.S. Treasury yield soared to 3.09 percent, the highest since 2018.


[03:20] The decline of US stocks has not stopped, the Nasdaq dropping nearly 6%

The Dow was at 32,751 points, down 1,309 points or 3.85%; the benchmark index was at 4,113 points, down 186 or 4.33%; the Nasdaq Composite was at 12,202 points, down 762 points or 5.88%.

The Hang Seng Index tumbled 489 points or 2.37% to end at 20,156 points, a 637-point discount to cash.

[02:35] The Dow fell more than 1,200 points

The Dow was at 32,829 points, down 1,231 points or 3.62%; the benchmark index was at 4,128 points, down 171 or 3.99%; the Nasdaq Composite was at 12,258 points, down 706 points or 5.45%.

【00:02】HSI Night Futures Low Water Over 700 Points

The Hang Seng Index tumbled 594 points or 2.88% to 20,051 points, a 742-point discount to cash.

[23:55] The Nasdaq fell 5%

The Dow was at 32,947 points, down 1,113 points or 3.27%; the benchmark index was at 4,137 points, down 162 or 3.78%; the Nasdaq Composite was at 12,317 points, down 647 points or 4.99%.

[23:15] The Dow fell more than 1,000 points

The Dow was at 33,058 points, down 1,002 points or 2.94%; the benchmark index was at 4,152 points, down 147 or 3.44%; the Nasdaq Composite was at 12,372 points, down 592 points or 4.57%.

[22:50] The Dow's decline expanded

The Dow's decline expanded to more than 860 points, nearly erasing the previous day's nearly 1,000-point gain; the S&P fell 3%; the Nasdaq fell more than 4%.

[22:00] U.S. stocks retreated on Thursday

The Dow closed up more than 932 points, or 2.81%, in the previous session after Federal Reserve Chairman Jerome Powell ruled out the possibility of raising interest rates by 0.75% in one go.

However, dragged down by worse-than-expected economic data, US stocks retreated on Thursday. After the Dow fell more than 300 points in the early part, the decline expanded to more than 525 points or 1.8%; the S&P 500 and the Nasdaq fell 2% and 3% respectively.

Source: hk1

All news articles on 2022-05-05

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