Asia Closes Lower, Europe Down Ahead Of US Inflation Data - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets closed lower on Tuesday, September 12, with significant declines in the information technology and communication services sectors. The Nasdaq Composite declined due to a sharp drop in Oracle's stock following disappointing results. Asian markets also closed lower, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Exchange all recording losses. European markets were down ahead of US inflation data, with the European STOXX 600 index, Germany's DAX index, France's CAC 40, and the U.K.'s FTSE 100 all trading lower.
September 13, 2023 | 10:09 am
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NEGATIVE IMPACT
Oracle's stock experienced a sharp drop following disappointing results, contributing to the decline of the Nasdaq Composite.
Oracle's disappointing results led to a sharp drop in its stock price. This not only impacts Oracle's stock but also contributes to the overall decline of the Nasdaq Composite, as Oracle is a significant player in the tech sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 experienced a 0.57% decrease, closing at 4,461.90.
The S&P 500, which is a significant indicator of the overall US stock market performance, experienced a decrease. This suggests a negative short-term impact on the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100