Warning: foreach() argument must be of type array|object, false given in /home/u750883576/domains/esl-news.com/public_html/wp-content/plugins/gpt-post-quiz/includes/admin/class-gpoq-admin-4.php on line 450
Warning: foreach() argument must be of type array|object, false given in /home/u750883576/domains/esl-news.com/public_html/wp-content/plugins/td-composer/legacy/common/wp_booster/td_menu.php on line 88
Traders worked on the New York Stock Exchange in New York on Wednesday. Futures linked to the S&P 500 were nearly the same Tuesday night. Stocks fell as traders moved away from tech companies.
S&P 500 futures went down by 0.1%. Nasdaq 100 futures fell by 0.2%. Dow Jones futures went up by 23 points, which is less than 0.1%.
In after-hours trading, Chipotle shares dropped nearly 7%. This happened because the restaurant had fewer customers for the fourth quarter in a row. Advanced Micro Devices shares also fell by more than 7%. Analysts were not happy with their financial forecast.
Major U.S. stock averages went down in the last session. The S&P 500 lost about 0.8%. The tech-heavy Nasdaq Composite fell by 1.4%. The Dow lost nearly 167 points after reaching a record earlier in the day.
Nvidia and Microsoft each lost more than 2%. Other companies, like Broadcom and Oracle, also saw their shares drop.
Test Your Understanding
Start Quiz
Vocabulary List:
6 words · tap to reveal
ON
Accent
Futures/ˈfjuː.tʃərz/noun
Financial contracts that obligate the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.
Traders/ˈtreɪ.dərz/noun
Individuals or companies engaged in the buying and selling of securities.
Shares/ʃeərz/noun
Units of ownership interest in a corporation or financial asset.
Analysts/ˈæn.ə.lɪsts/noun
Professionals who evaluate and interpret financial data and trends.
Forecast/ˈfɔːr.kæst/noun
A prediction or estimate of future events particularly in finance or economics.
Composite/kəmˈpɒzɪt/adjective
Made up of various parts or elements; in financial terms it often refers to an index that comprises multiple stocks.