Trading sessions continues the drop as Major Indices marks worse records

Traders and market direction are still being driven by the fear of inflation this Wednesday, and was further dragged by the consumer price data released the same day, sparked a sell-off for tech and blue chip shares.
SHEUNG WAN, Hong Kong - May 18, 2021 - PRLog -- This led to the concerns about COVID-19 rebounding to amplify further emphasizing the brutal drop of all the benchmark equities. This is now the third day on their losing streak, with NASDAQ Composite Index, S&P Index, and the Dow Jones Industrial Average crashing down at least a 2% today. It is said that tech stocks had not experienced a worse day performance since March 18, which is also true for the Dow since January.

Let's take a look at the major moves today:

Stocks and Treasuries:

- The Dow Jones Industrial Average dropped by 681.76 points or 1.99% and closed at 33,587.68.
- NASDAQ Composite Index wrapped at 13,031.68 after losing 357.75 points or          1.99%.
- The S&P 500 Index crashed at 4,062.98, decreasing by 89.12 points 391165%.
- Japan's Nikkei 225 went low by 1.80% or 517.80 points and closed to 29,330.18
- Hong Kong's Han Sen stepped down at66 points or 0.40% gain
- U.S. 2 Year Treasury yield increased by 0.020 basis points or 14.94% and closed at 0.155.
- U.S. 5 Year Treasury yield went up by 0.005 basis points or 0.62% at 0.798.
- U.S. 10 Year Treasury yield gained 0.007 basis points or 0.45% and ended 1.578.

Commodities and Currencies:

- Gold down to $81,821 per ounce after losing $14.44 or 0.81%
- Silver currently at $27.58 per ounce with a 0.90% lost or $0.04.
- Western Texas Intermediate Crude dipped by 0.23% and now at $65.16 per barrel.
- Brent crude at $68.40 per barrel after dropping by 1.39%.
- U.S. Dollar Index up by 0.06% at 90.77.
- Euro up by 0.08% closing 1.20804 vs USD.
- Yen increased by 0.03% at 109.685 against USD.
- British Pound down by 0.06% at 1.4049 versus USD.
- Canadian Dollars gained 0.03% at 1.21332 vs USD.

Another incident stirring the possibility of price increase on market rates is the weekend cyber-attack which drove the gas cost to increase nationwide while announcing shortages. This roused the investors thoughts about the demand surging to be followed by the pricing to rapidly rise.

For more financial related news and advisories browse as at Redwood Capital Management Limited website via, you may also check what we can offer for your own financial needs.

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