Thursday , September 29 2022

The decline deepened in Wall Street – oil and technology at the bottom


Large decline On the New York Stock Exchange on Friday. The S & P 500 S & P 500 declined by 0.9 percent, while Dow Jones declined by 0.8 percent. Nasdaq dropped 100 percent to 1.7 percent.

Evening oil prices continued to fall. Under Brent's spot price of $ 70 a barrel and WTI fell 1.4% to below $ 59.9 per barrel. The US forward price was backed for the tenth day in a row, according to the British Financial Times, at least the longest decline since 1983.

Views Schlumberger, the industry's counterparty, fell by 2 percent, while the oil service company Baker Hughes in the energy sector supported by 4.6 percent. Other commodity stocks, including the Freeport-Mcmoran mining giant, fell 4.7 percent, as in previous days in Europe.

A few electricity companies were found at the bottom of the S & P 500 after a major power failure in California. Pacific Gas & Electric declined by 16.6 percent, while Edison International's counterparts slumped 12 percent.

GE reduced the day by 5.6 percent after JP Morgan lowered its 10 to 6-dollar share price in a negative analysis.

The press came too Despite the slight decline in the technology sector, declines in recent trading hours showed a slight decline. Apple and Amazon traded at 1.9 percent and 2.4 percent respectively. Netflix declined by 4.6 percent. While Facebook was 1.8 percent, the alphabet fell 1.4 percent.

On the hardware side, Nvidia managed to achieve less with a 0.2 percent drop, but Qualcomm's industry counterpart continued to fall and traded at 2.3 percent. Skyworks Solutions, a semiconductor company, fell 8.1 percent in the weak quarterly report.

Game Activity Blizzard He continued the case following the weak interim report submitted after the Thursday closing. Stocks decreased by 12.4 percent.

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