Share market Today - 10 things to know with detail
- 1. The stock market opened lower today, with the S&P 500 down 0.5%, the Dow Jones Industrial Average down 0.4%, and the Nasdaq down 0.6%.
- 2. Tech stocks were particularly hard hit, with companies like Apple, Amazon, and Microsoft all trading lower.
- 3. Investors are worried about rising inflation and interest rates, which could hurt corporate profits.
- 4. The Federal Reserve is expected to raise interest rates later this year, which could further dampen investor sentiment.
- 5. Oil prices are also on the rise, with Brent crude up 2.5% to $73.62 a barrel.
- 6. Retail sales data released today showed a 0.7% increase in May, slightly below expectations.
- 7. Home Depot reported better-than-expected earnings, but its stock still fell 1.2% in early trading.
- 8. The cryptocurrency market was also down, with Bitcoin falling below $40,000 for the first time since February.
- 9. Investors are also watching developments in the Middle East, where a new Israeli government has been sworn in, ending Benjamin Netanyahu's 12-year tenure as prime minister.
- 10. Overall, market sentiment remains cautious as investors weigh the potential impact of rising inflation, interest rates, and geopolitical tensions on the global economy.