Forex News June 11, 2022

 Indices

  • The major indices have experienced their worst week since January. The NASDAQ index is down -5.6 percent.
  • The higher-than-expected CPI reversed premarket stock gains, sending the major indices lower. A drop in Michigan consumer sentiment did not help the overall mood.
  • The weekly percentage declines in the Dow, S&P, and NASDAQ were the worst since January 21.
  • The Dow Jones is down 10 of the last 11 weeks.
  • The NASDAQ and S&P are down 9 of the last 10 weeks.
  • All 11 S&P sectors fell. Consumer discretionary was the worst performing sector, falling by more than -4.1 percent. Financials fell -3.65 percent, while technology fell -3.9 percent. Consumer staples was the best performer, with a -0.38 percent decline.
  • • The Dow industrial average fell -880.02 points, or 2.73 percent, to 31392.80.

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