During the day, the Nasdaq Composite with 2.3%, the S&P 500 with 1.5% and the Dow Jones with 1.1%.
In fact, the Nasdaq tech index fell during the first half 26.9%. The benchmark S&P 500 confirmed a semi-annual bearish trend, since it registers a fall of 20.2% since January. And the Dow Jones was the least affected so far with a decrease in its price that represents 15.8%.
The S&P 500 index closed higher in each of the first four sessions in July, after posting its biggest first-half percentage decline since 1970. The benchmark index has not had five straight gains so far in 2022.
After the last rise in interest rates by the Fed that amounted to three-quarters of a percentage point in June, the leaders of the monetary body showed on Wednesday a firm reaffirmation of their intention to control prices.
Investor stress focuses on corporate earnings reportsas well as economic data, including June nonfarm payrolls to be released on Friday, to gauge the health of the economy.
Friday’s employment report is expected to show nonfarm payrolls likely added 268,000 jobs last month, after another 390,000 in May.
During the day, the actions of energy, posted the biggest gains, with oil prices rising 3.8%, after drilling above $100 a barrel this week on recession fears. The Brent earned $3.96, or 3.9%US$104.65 a barrel and the WTI in the United States rose $4.20, or 4.3%$102.73.
It swept the semiconductor sector on the European stock market
Earnings from chipmakers buoyed stocks on Thursday, calming investors after fears of a rate hike that would chill the economy.
Semiconductor companies rose in Europe after South Korea’s Samsung posted its best second-quarter profit in four years. Stability in US stock futures also weighed on European stocks.
The pan-European STOXX 600 index improved 1.5% to 412 points and fell 16% from its all-time high six months ago. MSCI’s measure of global shares rose 0.5%, having lost about a fifth of its value so far this year.
Source: Ambito
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