Dow Jones drops 703 points on rising yields and oil prices
Thansettakij•Economy•
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Source: Thansettakij (Original)
Key Entities
Organization
The Dow Jones Industrial Average stock index in the New York market.
Walmartℹ️
A large retail company whose disappointing earnings pressured consumer staples stocks.
The US government body that increased bond buybacks to intervene in the market.
S&P500ℹ️
A stock index where 9 out of 11 sectors closed in negative territory.
Costcoℹ️
A retail company and competitor of Walmart whose shares declined between 1% and 2.6%.
Dollar Treeℹ️
A retail company and competitor of Walmart whose shares declined between 1% and 2.6%.
Albertsonsℹ️
A retail company and competitor of Walmart whose shares declined between 1% and 2.6%.
Edward Jones
An organization whose analysts commented on WTI oil prices and US consumer purchasing power.
Royal Caribbean Groupℹ️
A cruise company whose shares fell over 4% due to high fuel costs.
Carnival Corpℹ️
A cruise company whose shares fell over 4% due to high fuel costs.
Cotyℹ️
A cosmetics company and owner of the CoverGirl brand whose shares fell 9.2%.
CoverGirlℹ️
A cosmetics brand owned by Coty.
Modernaℹ️
A major vaccine producer whose shares fell 23.5% after previously rising on mRNA cancer drug trial news.
Strategyℹ️
A cryptocurrency-related company whose shares rose over 7%.
Coinbase Global
A cryptocurrency-related company whose shares rose over 7%.
The legislative body Donald Trump urged to pass a law regarding cryptocurrency regulation.
The US government body that reported first-time unemployment claims data.
Place
A country involved in a war that concerns investors regarding oil price stability.
Person
The US President who threatened retaliation against supporters of Iran and called for cryptocurrency regulation.