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By Staff Reporters
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MARKETS: The S&P 500 rose 2.1%, ending a three-day losing streak, after a report showed inflation’s rapid acceleration paused at the wholesale level last month. The Dow Jones Industrial Average rose 1.8% and the tech-heavy NASDAQ composite rose 2.9%.
The wilder action was in oil and Asian stock markets, where tightened anti-COVID measures in China are raising worries about demand for energy and about disruptions to manufacturing and global trade. Oil prices tumbled more than 6%, taking some pressure off the world’s high inflation, and a barrel of U.S. crude fell below $97 after starting the week above $109. Stocks in Hong Kong sank more than 5% for a second straight day after the neighboring city of Shenzhen was ordered into a shutdown.
Death Cross: https://medicalexecutivepost.com/2022/03/13/what-is-the-stock-market-death-cross/
STOCKS: Microsoft Corporation (NASDAQ: MSFT), Nio, Inc (NYSE: NIO) and Snap, Inc (NASDAQ: SNAP) are all trading higher in strong downtrends. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Investing | Tagged: . oil proce, Asian stocks, DJIA, energy, MSFT, NASDAQ, NIO, S&P, Snap |
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