Home » Indexes Market Outlook (April 21): Nasdaq dipped into negative territory with -2% lost and -278.41 points
The markets today were a nervous due to the speech foreseen during this market session held from the Federal Reserve.
Indexes Today: Gainers and Losers analysis
Jerome Powell, the Chairman of Federal Reserve has said that they are considering a 50 basis-point rate hike for their next meeting. This would indicate more tightening in order to curb inflation which has been on an upwards trend recently with higher than expected increases each month so far this year alone being at this point well above the central bank’s 2% target.
The idea of a more hawkish Fed is taking definitely shape and markets are well aware about that.
The S&P 500 lost 65 points and is now down 0.3%; while Dow Jones Industrial Average fell slightly down 0.5% (165 points), and is now at 4,393.66 points.
The Nasdaq also dipped into negative territory with 2% lost and -278.41 points.
The US 30 Cash Index (-1.19%) reaching quota 34.744 lost part of the gains staked in the last days.
The S&P 500 VIX is running wild again thanks to market instability, signing this Thursday a green to +11.61%.
The stock market in Canada was not so positive today, causing the S&P/TSX composite index to slip at -1.58% losing 347 points standing now at 21,613.16 points.
European markets today shown signs of strenght since most indexes were on the green side, exception made for the small losses on the British and the Swiss.
The FTSE100, indeed, closed the session in red at -0.02% while Swiss SMI closed at -0.07%.
In positive territory all the other colleagues even if the not-so-encouragin speech from Christine Lagarde happened after the market closure in Europe at the 45th International Monteray Fund meeting.
She reported that the Ukraine crisis has the potential to create one of the most significant global economic shocks in recent history and nonetheless the bogeyman of the Covid is always around the corner, causing difficulties in the commercial chains around the globe.
She concluded that given that spread uncertainty the main objective for policy maker is to calibrate fiscal policies in an adequate manner in order to curb the inflation and peace the markets.