dChan - Q Origins Project Archive

Anonymous ID: 1535d0 Sept. 21, 2020, 1:09 p.m. No.10734791 🗄️.is 🔗kun

Market Report

Wall Street’s main indexes tumbled on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.

Meanwhile, heavily weighted big tech stocks extended the past several weeks’ worth of declines, with Apple (AAPL), Facebook (FB), Amazon (AMZN) and Microsoft (MSFT) shares each lower in intraday trading. Oracle (ORCL) was the exception among tech names, after the company announced Friday that it was chosen to become TikTok’s “secure cloud technology provider,” and in doing so take a 12.5% stake in the social media service. Shares rose 1.84%

All three indexes had been sharply lower in midday trade, cut early losses nearly in half in the afternoon. Luxury homebuilder Toll Brothers Inc. TOL, +5.09% jumped nearly 5% after the company released a rosy mid-quarter update. But "re-opening" strategies like airlines took a hit: shares of Delta Airlines Inc. DAL, -9.19% were down more than 9%.

Overseas, the pan-continental Stoxx Europe 600 fell 2.4%, led lower by sharp drops in the banking and travel and leisure sectors. The gauge is on track for its lowest closing level since the end of July. In Asia, most major stock benchmarks fell by the close of trading. Hong Kong’s Hang Seng Index retreated 2.1%, while China’s Shanghai Composite ticked down 0.6%. Japan was closed for a holiday. Shares in HSBC Holdings fell 5.3% by the close of trading in Hong Kong to hit a 25-year low after news articles detailed “suspicious activity reports” filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year. In London, the stock fell 4.5%.

Looking ahead, Federal Reserve Chairman Jerome Powell will testify to the House Financial Services Committee on the CARES Act on Tuesday and the House Select Subcommittee on the coronavirus crisis on Wednesday.

https://www.marketwatch.com/story/mondays-stock-market-selloff-sets-up-worst-september-in-18-years-11600706182

https://www.kitco.com/charts/livesilver.html

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://finance.yahoo.com/quote/%5EDJI

https://www.marketwatch.com/investing/index/dxy

https://www.reuters.com/article/usa-stocks/us-stocks-wall-st-ends-lower-on-lockdown-fears-likely-delay-of-stimulus-idUSL2N2GI1G4