It’s time to summarize.
The stock market plummeted on uneasy days in the city, on Wall Street and beyond.
Tech stocks led the sell-off, and the Nasdaq Composite index is now down 2.5%, the worst day since March.
Jack Farley (@ JackFarley96)
Nasdaq had its worst day since March.pic.twitter.com/W1lQKuPVGO
May 4, 2021
Megacap technology companies are on a downtrend. Apple is currently down 4%, Amazon is 3.1%, Alphabet/Google is 2.6%, Microsoft is 2.2%, and Facebook is 2.6%.
Germany’s DAX index fell 2.5% on its worst decline in 2021 after chip maker Infineon warned that about 2.5 million cars would not be produced in the first half of 2021 due to a continuing supply chain shortage.
The FTSE 100 started the day bright with travel agencies gathering in anticipation that vacation restrictions would be eased this summer. However, it fell 46 points to 6923 after surpassing the 7,000 points, which was close to the one-year high.
The sale accelerated after Treasury Secretary Janet Yellen suggested that there could be a very modest rate hike to counter the inflationary impact of US stimulus spending.
Economics editor Larry Elliott explains:
As the global economy rebounded from Covid-19, fears of rising interest rates to reduce inflationary pressures plunged stocks on both sides of the Atlantic Ocean.
U.S. Treasury Secretary Janet Yellen’s opinion that a slight increase in borrowing costs may be needed to curb demand was enough to send a trembling through financial markets that were already precarious due to the lack of computer chips.
Traders have already been amazed by a curious stock decline called a microflash crash that creates anxiety in the marketplace.
The latest economic data highlights inflationary pressures building up as the economy recovers from the pandemic.
Plants in the UK have seen the strongest growth since the mid-1990s, with supply chain pressures driving up input costs.
Separately, the Bank of England reported that mortgage loans had surged on record and consumer credit fell again as people paid their bills.
Advertising tycoon Sir Martin Sorrell has sounded optimistic as S4 Capital boosts sales and revenue forecasts.
We are very optimistic about our outlook for this year and next, given the impact of the epidemic and the consequent increase in consumer savings rates and the massive global fiscal and monetary stimulus introduced to counter the stagnation of corporate capital investment.
Given the debt burden that most countries will face and the tax increases that must be fulfilled, chickens can return home in 2023 for a break. However, digital marketing spending is solid despite the downturn, as our results last year show, given the secular growth trend.
From the corporate standpoint… Pfizer has lifted its revenue and revenue forecasts, with Covid-19 vaccine sales expected to reach $26 billion this year.
Jewelry maker Pandora has announced that it will no longer sell mined diamonds. Instead, they said it was more ethical and cheaper to use lab-made diamonds.
Here are more today’s stories.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]