US stock indexes decline due to recession fears
he US securities have gone through endless pressure this year, the S&P 500 index, which recorded the worst first half of the year since the 1970s, while the Federal Reserve is moving away from the policy of super expansive increases the cost of credit.
Investors are now waiting for the minutes of the Fed's June meeting, the publication of which is scheduled for tomorrow, although they are already preparing for a new growth of 75 basis points at the end of this month.
After the market closes due to the July 4th holiday, traders also monitor economic data and comments from companies that are looking for signals about the pace of inflation and economic growth, as the quarterly season looms on the horizon.
Data showed that new orders for manufactured goods in the US rose more than expected in May, indicating that demand for products remains high despite the restrictive policy of the Fed.
Yields on Treasury bonds fell yesterday and part of the key yield curve was reversed for the first time in three weeks, with fears of economic growth negatively impacting risk appetite and increased demand for U.S. debt, seen as a safe haven asset.
Up to 16.45, the Dow Jones index loses 2.16% at 30.424.99 points, the S&P 500 index loses l’,174%, at 3.759.54 points, and the Nasdaq dropped 0.92% to 11.029.76 points.
Tesla is losing 3.92% due to a decline in electric vehicle shipments in the second quarter of the year compared to the previous quarter due to supply chain difficulties.
It's also bad that Warner Bros Discovery lost 1.86% after news that the company's media and streaming division, HBO Max, has stopped producing original shows in Europe.