SQUAWK BOX, TUESDAY 5TH OCTOBER, 2021
Listen now
Description
Wall Street falls sharply lower, dragged down by U.S. tech stocks and rising bond yields. Financials and energy shares are also lower as investors eye the Fed’s next tapering move. Facebook shares tumble following a six-hour outage of its platforms while a whistleblower accuses the social media giant of “a betrayal of democracy”. U.S. oil prices surge to a seven-year high as Opec+ nations refuse to increase production. Volvo Cars have announced plans they will be seeking a Swedish listing next year with a potential value of $30bn. As Eurogroup finance ministers meet in Luxembourg, France and Spain have partnered to demand reform in the energy sector amid soaring gas prices across the continent.
More Episodes
The Nasdaq suffers its worst trading week since 2022 as the tech rally pauses with Nvidia shares falling 10 per cent. The sharp decline in demand for EVs and stiff Chinese competition again forces Tesla to slash prices in several markets. After months of delay, U.S. House lawmakers finally...
Published 04/22/24
Published 04/22/24