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US stocks moved sharply lower with technology toward the most with Palantir shares down -8% despite beating estimates and raising their guidance. CEO Alex Carp ranted on CNBC about shorts and in particular Michael Burry who in his public filings late Monday showed a good position in both Nvidia and Palantir. BTW Alex your stock is still up 152% for the year. Chill. Nvidia shares fell -4%.
Overall the NASDAQ index was down -2.04%, while the S&P index is down -1.17%.
Looking at the major components of the S&P,
Information Technology: -2.27%
Consumer Discretionary: -1.85%
Telecommunication Services: -1.52%
Energy: -1.12%
Industrials: -1.15%
Materials: -0.44%
Utilities: -0.36%
Consumer Staples: +0.05%
Real Estate: +0.30%
Health Care: +0.40%
Financials: +0.55%
In the other risk asset bitcoin, it too fell shortly, with the price currently back below the $100,000 level and $99,063. That is down $-7468 or -6.99% on the day. That is near the 7% decline from October 10.
The US dollar was mostly higher with gains of 1% versus the NZD and 0.91% versus the GBP. The greenback was only lower versus the JPY.
A snapshot of the USD moves vs the major currencies showed:
The dollar index moved above the 100 level for the 1st time since August 1. It is approaching its 200 day moving average at 100.422. The high price today reached 100.255. The index is up 4.20% since bottoming on September 18.
Yields in the US moved lower with gains of near 2.5 basis points across the curve:
This article was written by Greg Michalowski at investinglive.com.
US stocks moved sharply lower with technology toward the most with Palantir shares down -8% despite beating estimates and raising their guidance. CEO Alex Carp ranted on CNBC about shorts and in particular Michael Burry who in his public filings late Monday showed a good position in both Nvidia and Palantir. BTW Alex your stock is still up 152% for the year. Chill. Nvidia shares fell -4%.
Overall the NASDAQ index was down -2.04%, while the S&P index is down -1.17%.
Looking at the major components of the S&P,
Information Technology: -2.27%
Consumer Discretionary: -1.85%
Telecommunication Services: -1.52%
Energy: -1.12%
Industrials: -1.15%
Materials: -0.44%
Utilities: -0.36%
Consumer Staples: +0.05%
Real Estate: +0.30%
Health Care: +0.40%
Financials: +0.55%
In the other risk asset bitcoin, it too fell shortly, with the price currently back below the $100,000 level and $99,063. That is down $-7468 or -6.99% on the day. That is near the 7% decline from October 10.
The US dollar was mostly higher with gains of 1% versus the NZD and 0.91% versus the GBP. The greenback was only lower versus the JPY.
A snapshot of the USD moves vs the major currencies showed:
The dollar index moved above the 100 level for the 1st time since August 1. It is approaching its 200 day moving average at 100.422. The high price today reached 100.255. The index is up 4.20% since bottoming on September 18.
Yields in the US moved lower with gains of near 2.5 basis points across the curve:
This article was written by Greg Michalowski at investinglive.com.
A massive build, info from oilprice.com:
—
Expectations I had seen centred on:
—
This data point is from a privately-conducted survey by the American Petroleum Institute (API).
The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)
This article was written by Eamonn Sheridan at investinglive.com.
A massive build, info from oilprice.com:
—
Expectations I had seen centred on:
—
This data point is from a privately-conducted survey by the American Petroleum Institute (API).
The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)
This article was written by Eamonn Sheridan at investinglive.com.
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