empty
 
 

23.09.202614:06:02UTC+00US Stocks Fall Pull Back

US stock indices declined on Wednesday as the recent tech rally paused and robust economic data pushed Treasury yields higher. The Nasdaq 100 slipped 0.5% from its record peak, while the S&P 500 and Dow each fell 0.3%. Fresh PMI figures from S&P Global showed a surge in new orders and the fastest input and output price inflation in several years, reinforcing hawkish commentary from FOMC officials and bolstering expectations that the Federal Reserve may deliver another rate hike this year. Credit-sensitive AI hyperscalers, which are in the midst of record debt issuance, pulled back, with Alphabet and Amazon both dropping more than 2%. Semiconductor stocks also declined as investors took profits following this week’s sharp gains driven by renewed enthusiasm for AI plays after positive early feedback on Meta’s Muse agent. Broadcom, Micron, Intel, and Lam Research fell between 1% and 2%. In contrast, oil producers and refiners advanced amid reports that the energy industry has lobbied against President Trump’s proposal to halt diesel exports in an effort to rein in prices.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback