The Dow Jones Industrial Average closed down 0.08% to 35,897.64 points. On the 8th of November, he remembered that he played in 36565.73 points for the first time in his history.
The Standard & Poor’s 500 fell 0.87% to close at 4,668.67 points. On November 22, it created the highest value ever, at 4,743.83 points.
For its part, the Nasdaq Technology Index decreased by 2.47% to settle at 15,180.43 points. Remember that in intraday trading on November 22nd, it reached a new all-time high of 16,212.23 pips.
Stocks in Europe rose today, buoyed by the announcement that the European Central Bank (ECB) is stepping up its debt purchases to offset the end of an emergency program created only for the pandemic, the so-called PEPP.
Also on Thursday, the Bank of England surprised by raising benchmark interest rates to 0.25%, the first increase since the start of the pandemic.
The two meetings took place after the US Federal Reserve announced yesterday that it will double the pace of withdrawing stimulus to the economy, and that it will raise interest rates three times in the next year.
And if European investors get excited, it won’t be on the other side of the Atlantic. This is because the Federal Reserve’s announcement that it will end its pandemic stimulus program sooner than initially planned has prompted investors to look for sectors that are most sensitive to the development of the economy and move away from technology, which mainly hurt the Nasdaq and Standard & Poor’s indexes. 500.
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