"US Stock Market" US stocks fell for the second day in a row, leading the decline in the Nasdaq index, which fell after Apple's downgrade.
The yield on 10-year US Treasuries is once again approaching the critical 4 per cent mark, and US stocks fell for the second day in a row in the new year, with the Nasdaq leading the way after recording its worst one-day performance since October on Tuesday.
Thomas Barkin, president of the Richmond Federal Reserve Bank of the United States, said that he believes that the US economy is making a soft landing, but obstacles remain and further interest rate increases are still possible. For the second day in a row, the S & P 500 opened 17.76 points, or 0.37% lower at 4725.07, the Dow opened 85.81 points, or 0.23%, at 37629.23, and the Nasdaq opened 124.47 points, or 0.84%, at 14641.47.
Shares in AAPL.US, which was downgraded by Barclays, fell for the second day in a row, falling 0.3 per cent in early trading. The stock fell 3.6% on Monday, its biggest one-day drop since September.
Total production of Tesla (TSLA.US) was lower than that of BYD, and Tesla shares fell nearly 3 per cent in early trading. Nvidia (NVDA.US) is down 0.2%. Bot Meta (META.US) is up 0.1%.
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