Cedears: technology companies sank up to 9% before another sharp drop in the Nasdaq

Cedears: technology companies sank up to 9% before another sharp drop in the Nasdaq

On Wall Street, Manzana fell 3.9%, hurt by a bearish comment from a stockbroker and a report that European Union countries and lawmakers are willing to agree on a common charging port for mobile phones, tablets and headphones. on June 7, a proposal fiercely criticized by the iPhone maker.

For its part, in the same square, Tesla shaved 9.2% after CEO Elon Musk said in an email to executives that he has a “very bad feeling” about the economy and needs to cut about 10% of jobs in the electric car manufacturer

This conference also revealed an expected report from the Department of Labor in the United States that showed that nonfarm payrolls increased by 390,000 jobs last month and that wages grew solidly, while the unemployment rate remained at 3.6%.

“(This report) gives the Fed permission to continue with their rate hikes, because the labor market is strong. They can worry more about inflationary pressures and less about the labor market,” said Anthony Saglimbene, global markets strategist at Ameriprise. Finance.

Source: Ambito

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