Dow fell below 30,000 points
09-26 11:00uSMART

The three major U.S. stock indexes fell for the fourth straight session on Friday. The Dow fell 1.62%, breaking the 30,000-point mark, to 29,590.41 points, a new low since November 2020; the Nasdaq fell 1.8% to 10,867.93 points; the S&P 500 fell 1.72% to 3,693.23 points  

 

MACRO

US Markets extended its losing streak, with the Dow closing below 30,000 points for the first time since June

EU Markets concluded significantly lower Friday, with the UK government announcing a series of tax cuts

Asia Markets extended its losses Friday, with inflation in Singapore touching a near 14-year high of 5.1% in August

 

SECTORS

Gold has touched a more than a 2-year low, trading at $1,640/oz at time of writing on the dollar’s strength   

WTI Crude Oil has fallen to an eight-month low on the back of recession fears and weakened demand

 

COMPANY

Costco tumbled 4.26% despite beating earnings expectations as it experienced higher shipping and labour costs

fuboTV jumped nearly 8% after Wedbush upgraded the company from Neutral to Outperform

CalAmp plunged 16% despite recording a smaller-than-expected quarterly loss and strong subscription revenue

 

EVENTS 

Today’s Earnings:

N/A

 

Economic Calendar (27 September 2022)

  • Durable Goods Orders MoM (August)
  • US New Home Sales (August)

 

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