Wall Street takes a breath after Powell rally
STORY: Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, hitting investors with a reality check after Wednesday's rally and ahead of Friday's jobs report.
The Dow ended about half a percent lower. The S&P 500 finished only slightly lower and the Nasdaq saw a fractional gain.
The mood on Thursday was a stark contrast from the day before, when Federal Reserve Chair Jerome Powell signaled it was time to slow the pace of interest rate hikes, sparking a surge in stocks.
James Demmert, founder and chief investment officer of Main Street Research, says Wall Street might have gotten ahead of itself.
"I think today investors are recognizing that, hey, is this just another bear market trap? And so you sort of see some selling, some buying as people are performance chasing, but lots of selling, meaning that the Dow down a lot more than the other indexes because Salesforce down 10% was a big part of that index. So I think today, after you get a lot going on and but certainly a big rally yesterday."
Salesforce recovered some losses but still ended down more than 8% after the software maker said Bret Taylor would step down as co-chief executive officer in January, raising questions in investors' minds about why he was leaving the company.
Dollar General slipped 7.5% after the discount retailer cut its annual profit forecast, while Costco shed 6.5% after the membership-only retail chain reported slower sales growth in November.
But shares of some megacap growth stocks rose, including Apple, Facebook-owner Meta Platforms and Netflix, helping the Nasdaq finish in the green.
相關影片推薦
- 00940該越跌越買?高勝率ETF投資組合這樣買進擊的荷包73,159 次觀看・1 週前
- 1:35已婚男帶女子住高檔摩鐵 突然猝死妻錯愕|#鏡新聞鏡新聞12,645 次觀看・21 小時前
- 1:28兒媳搶家產 打人 還趕公公出門? 竹北紅布條引熱議東森新聞影音235,797 次觀看・1 天前
- 2:41日本90年代奇葩真人秀 諧星被迫全裸關房間逾一年 20年後紀錄片回顧創傷歷程Yahoo奇摩(國際通)29,155 次觀看・1 天前
- 1:4131歲接家業! 殷琪婚姻兩度觸礁又未婚生子民視影音544,626 次觀看・2 天前
- 1:44「阿姨 妳拿我的雞腿幹嘛」 抓包婦人偷雞腿TVBS新聞網影音57,916 次觀看・1 天前
- 1:0672歲李立群曬照慶祝生日 33歲女兒李元元罕見出鏡娛樂星聞12,914 次觀看・19 小時前
- 7:43台鋼邀請特種搜救隊、搜救犬隊當開球嘉賓中華職棒大聯盟影音8,620 次觀看・21 小時前
- 4:20傅崐萁訪陸帶兩岸紅利 民眾買單國民黨?街訪民眾表態【風向台灣 街訪】風向台灣135,019 次觀看・5 小時前
- 1:25尋生母10年! 戶政事務所牽線意外找到親哥哥民視影音5,903 次觀看・1 天前