『US Stocks Close Lower on October 13 as Tech Decline Outweighs Energy Gains』のカバーアート

US Stocks Close Lower on October 13 as Tech Decline Outweighs Energy Gains

US Stocks Close Lower on October 13 as Tech Decline Outweighs Energy Gains

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United States stocks finished Tuesday, October thirteenth, mostly lower. The Dow Jones Industrial Average fell one hundred eighty point forty-five points, or zero point thirty-five percent, to fifty-one thousand six hundred seventy point ten. The Standard and Poor’s five hundred declined one point seventy-nine points, or zero point zero two percent, to seven thousand eight hundred five point forty-five. The Nasdaq Composite fell forty-one point fifty-two points, or zero point fifteen percent, to twenty-seven thousand two hundred four point thirty-eight, according to Anadolu Agency.[4] Technology shares led the declines as semiconductor stocks continued to sell off. Micron Technology fell four point seventy-nine percent, Broadcom dropped four point thirty-five percent, and NVIDIA declined two point ninety-four percent. Investors reacted to growing competition concerns involving China’s ChangXin Memory Technologies and caution about the level of artificial intelligence investment, according to HDFC Sky.[8] Energy was the strongest sector, gaining about one point six percent. Marathon Petroleum rose four point seventy-seven percent, Valero Energy gained four point sixty-five percent, and Accenture was among the biggest individual gainers, rising five point ninety-six percent. Consumer staples, utilities, financial companies, real estate, and materials also advanced, while information technology, consumer discretionary, communication services, industrial companies, and health care declined.[8] Financial shares received some support from earnings. Goldman Sachs reported third-quarter revenue of eighteen point sixty-eight billion United States dollars, above the expected sixteen point seventy-one billion United States dollars, while Citigroup reported a forty percent increase in quarterly profit, according to HDFC Sky.[8] The session also reflected caution before United States inflation data. The September Consumer Price Index was expected Wednesday, followed by the Producer Price Index on Thursday.[8] Futures were mixed, with Dow futures higher while Standard and Poor’s five hundred and Nasdaq futures were lower, suggesting continued pressure on technology shares.[9] Listeners should watch tomorrow’s inflation release, additional bank earnings, semiconductor developments, bond yields, and any revisions to interest-rate expectations. Thank you for tuning in, and please remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai. For great deals check out https://amzn.to/403yeYo
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