Riddhi Siddhi Share Brokers Morning Action @ 7am – Tuesday, Au | Riddhi Siddhi News & Updates - No Advt

Riddhi Siddhi Share Brokers Morning Action @ 7am – Tuesday, August 30th 2022

Overnight, Wall Street ends lower for 2nd day in a row as the trading theme revolves around forcing the inflation genie back into the bottle.

Well, the effects of Fed Chair Powell's hawkish Jackson Hole speech lingered Monday as bulls clearly struggled - as the Fed is serious about fighting inflation.

RIDDHI SIDDHI SHARE BROKERS 7am GLOBAL UPDATE:
# Dow: (-184, 32099)
# Nasdaq (-124, 12018)
# Bovespa (+24, 112323)

# SGX Nifty: (+62, 17443)
# Dow Futures (+55, 32130)
# Nikkei (+203, 28083)
# Hang Seng (+39, 20063)


RIDDHI SIDDHI SHARE BROKERS WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:

# The Nasdaq Composite plummeted 1.0% at 12,017. The S&P 500 Index fell 0.7% to 4,030 and the Dow Jones Industrial Average gave back 0.6% to 32,098.

# WTI crude oil rises to $93 per-barrel as Saudi warns of OPEC Output cut.

# The small-cap Russell 2000 fell 0.9% to 1,882.

# Bitcoin fell 2.6% to $20,101.84.

# Gold futures posted a marginal loss to end at $1,757.90 an ounce.

# The U.S. Treasury yields jumped again in yesterday’s trade. Blame it to Powell’s speech. The 2-year/10-year yield curve remained inverted at around 35 basis points, a key recession warning.

Benchmark 2-year Treasury note rose to 3.419%, while 10-year notes were pegged at 3.121%.

# The ‘King US Dollar index’ hovers at 108.75 levels - its 20-year high are placed at 109.25.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.