Today's negative moods in the market are mainly due to the effects of block sale by Archegos Capital Management.
As at 7:15 p.m. (MSK), S&P500 index lost 0.6%, Dow Jones went down about 0.3%, and NASDAQ technology index dropped 1.1%.
Feeble labor market data has brought hope Federal Reserve will put tightening its monetary policy on hold. That said, quite logically, technologies were among the day’s leaders.
ПодробнееAt the moment, as holidays approach, the investors are mostly building up positions in technologies stocks rather than locking in profits.
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