Written by GaryDOW ends down 1.4% in worst day since February; Nasdaq claws back to flat line (SPY -0.9%). Big-tech bloodbath continues after biggest sell-program in history.
7 yıllık faiz inadının ardından ekonomi politikası iflas etti gercekgundem.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gercekgundem.com Daily Mail and Mail on Sunday newspapers.
Written by GaryPeople return to supermarkets as online sales slow (SPY +0.3%). Biggest premarket movers: General Motors, Lyft, Match Group. 10-year Treasury yield edges higher.
Authored by Tom Ozimek via The Epoch Times,
Skyrocketing lumber prices that have tripled over the past 12 months have driven the price of an average new single-family home to rise by $35,872, according to new analysis by the National Association of Home Builders (NAHB), with the price spike threatening to hobble the momentum of the U.S. housing market, one of the bright stars of the recovery from the pandemic recession.
While homebuilder sentiment remains optimistic, as indicated by the NAHB Housing Market index, headwinds due to rising building costs have pulled the index down fr .
Three weeks ago, just before the start of Q1 earnings season we said Q1 Earnings Will Be Stellar, But Are Fully Priced-In noting that the past quarter is already fully priced in - and expected to be spectacular - which is why actual earnings may only disappoint.
Stocks panic-bid off EU close after Biden-induced breakdown (SPY +0.6%). Amazon has made as much profit during pandemic as previous three years of earnings in total.
The Market in Perspective
Here are the headlines moving the markets.
Chinas Shale Industry Faces Numerous Challenges China has bet on developing its vast shale gas resources to boost its natural gas supply as demand surges. Despite recent shale production surprises to the upside, China still has several major challenges to overcome if it were to replicate, at least partially, the American shale boom. China is estimated to have a lot of shale gas resources, even higher than those in the United States. China actually has the highest technically recoverable shale gas resources in the world, as per EIA estimates. However, Beijing has struggled to develop those huge