Steep Roof Fall on All Red Wall Street – E24

U.S. developments are based on “traffic congestion” in the Suez Canal and the latest U.S. BMI figures.

Key Wall Street signals ended Wednesday’s deadline:

• Dow Jones simply down (0.01 percent)
• The S&P 500 is down 0.55 percent
• The Nasdaq Composite fell 2.01 percent

The decline in the latest index comes after the fall in prices of several major technology companies listed on the Nasdaq CNBC

Shares of Apple, Facebook and Netflix fell more than 2 percent each, while Tesla’s share fell sharply to 4.8 percent.

Crushing the fall of GameStop

GameStop’s stock has plummeted from the start, to 33.79 percent when the stock market closed.

Part of the explanation, according to Reuters, is that the company has been considering a major issue recently in order to finance its new investment in online shopping.

Intel saw a clear growth in early trade, turning into a 2.27 percent decline at the end.

According to CNBC, the initial hike came after the company announced plans to “make a comeback” and build two new chip factories in Arizona, which would mean $ 20 billion in investment.

When Wall Street closed on Wednesday, oil prices were at $ 64.01 a barrel – up 5.98 percent a day.

Preliminary compiled figures for the Purchasing Managers’ Index (BMI) in the United States were 59.1 in March, compared to 59.5 in the previous month, according to Direct Macro.

Insert into artery

One of the vessels that helped shape the world market on Wednesday was the ship that blocked the Suez Canal.

Reuters reports that a 400-meter-long and 224,000-ton container vessel ran aground in the canal on Tuesday morning after losing its ability to steer due to strong winds and a sandstorm.

The news agency writes that about 12 percent of world trade, measured, goes through the channel.

The ship is now being towed and traffic through the canal will resume soon, Reuters reported. Bloomberg writes that after good growth in ship relocation some traffic should continue today or tomorrow.