Stocks post biggest drop in three months
Wild trading in heavily shorted stocks and a slump in Boeing slammed Wall Street Wednesday, with stocks suffering their biggest loss in three months. Selling accelerated after the Federal Reserve left interest rates unchanged and chairman Jerome Powell pointed to the headwinds facing the economy.
The Dow plunged 633 points or 2%. The selling was even worse for the S&P 500 and Nasdaq – which both dropped more than 2-and-a-half percent Wednesday.
Adding to the market turmoil: amateur retail investors piled into shares of video game retailer GameStop and cinema operator AMC Entertainment, pushing up their shares and forcing short-sellers like Citron to ditch their losing bets.
Gerber Kawasaki COO Danilo Kawasaki says regulators need to step in.
“On one side, I think that this impacts the integrity of the market, and we need confidence from investors to maintain an orderly market. But on the other side, my colleagues here are saying that this is an opportunity for the small guy, for the little guy, to kind of stick it to the big guys.”
Other big movers Wednesday– Boeing. Shares declined almost 4%. The airplane manufacturer took a huge $6.5 billion charge on its new wide-body twin-engine 777X jet due to the health crisis and the aftermath of the safety issues over its narrow-body 737 MAX.
After the markets closed, shares of two Silicon Valley tech titans rose modestly after posting strong results.
Apple’s quarterly profit breezed past estimates. New 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales.
Facebook’s quarterly profit and revenue crushed analysts estimates. Increased ad spending by businesses lifted the social networking company’s top line.
But Tesla shares slid after hours. The electric car maker’s profit came in short of Wall Street’s targets.
相關影片推薦
- 2:00跟著AI賺一波~分析師推這幾檔ETF!進擊的荷包59,672 次觀看・1 週前
- 2:53寶林茶室負責人恐轉被告 欠債起底檢警疑內情不純華視影音126,176 次觀看・1 天前
- 1:09韓女星聚餐醉到不省人事 老公被拍到「背她上車」事後甜喊:我一輩子對你好娛樂星聞84,613 次觀看・19 小時前
- 1:58墨西哥逾10萬人失蹤 家屬尋親發現「祕密墳場」驚現火化爐、無名墳Yahoo奇摩(國際通)15,612 次觀看・7 小時前
- 1:31穿睡衣褲上班! 中國員工「噁心穿搭」風潮|#鏡新聞鏡新聞4,023 次觀看・22 小時前
- 9:18番茄這樣做竟然這麼好吃,不用炸不用煎,加1塊豆腐,能讓你多吃兩碗飯,香!.芭樂媽的家 Qistin Wong TV61,743 次觀看・3 天前
- 1:05王力宏被爆「出軌徐若瑄」法院判決出爐 經紀人曝動向賠償款項全捐孤兒院娛樂星聞16,346 次觀看・3 天前
- 1:17Angelababy瘋馬秀後復出 仍被踢出11年節目? 《奔跑吧》全新陣容「她」接替baby2個代言!娛樂星聞13,255 次觀看・2 天前
- 1:48美樂透「兆彩」連槓30次 頭獎361億元終開出 創紐澤西紀錄Yahoo奇摩(國際通)65,690 次觀看・7 小時前
- 1:46疑「米酵菌酸」釀食物中毒 米苔目老店不賣隔日貨東森新聞影音93,900 次觀看・1 天前