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Global Stock Markets go in the red as Tech Companies Bleed Value

Today is proving to be another rough day for the majority of stock markets. The Dow, Nasdaq, and S&P are all losing value.

A similar trend can be noted across Japan and London. Germany is the only exception, for the time being, but it too is feeling the negative pressure. 

Dow, Nasdaq, and S&P Bleed Value

Albeit the current losses suffered across the major US stock markets are not devastating, they cannot be ignored either. The Dow Jones lost nearly 270 points, or 0.96% in value throughout the day.  This close through the Christmas holidays, any form of market pressure will make investors uneasy.

A similar trend occurs on Nasdaq, albeit the loss is even bigger there. Following a decline of 97.48 points, or 1.12%, it has become apparent this stock exchange will face a tough day as well.  

Last but not least, the S&P is also in the red. It is perhaps the most “resilient” of the three so far. Despite a 27.11 point loss, the S&P has lost “just” 0.86%. Across the board, all stock markets are seemingly losing value for a variety of reasons.

International Stock Markets Buckle

Looking beyond the US, other stock markets aren’t doing all that great either. Not entirely surprising, as most of these markets are interlinked in one way or another. If the American stock market slips, the rest of the world will tend to follow suit pretty quickly.

London’s FTSE 100 is taking a beating today. A decline of 117 points, or 1.6%, is rather steep when compared to its American counterparts.  These losses are primarily incurred by a stock value decline for BAE Systems, Barclays, Hargreaves Lans, and Meggit.

Japan’s Nikkei 225 Index is also down by 0.64%, or 150 points. A lot of stocks are in the red, including AEON, Citizen Watch, CyberAgent, and Sompo Hidgs. 

Germany’s Deutsche Borse DAX Index escapes the negative trend, somewhat. It has gained 17 points, or 0.13%in the past few hours. Several stocks are still in the red, such as E.ON SE, Deutsche Bank, Deutsche Lufthansa, and Merck. 

The Biggest Losers Today

As far as individual stocks are concerned, several companies have taken severe losses. Primarily companies active in the technology and computing industry have come under a lot of pressure as the year almost comes to a close. 

The biggest stock losers include Western Digital Corp – down 3.64% – and NVIDIA Corp – down 3.46% – along with Cadence Systems – -3.94% – and Synopsys Inc – -3.94%. 

Offsetting all of these losses will be challenging. It seems as if this day will be closed in the red overall, regardless of how individual stocks and markets may perform.

JP Buntinx
JP Buntinx
JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.


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