The fall seemed mostly correlated with the drop across the market indexes this week. Fears mounted of a pending recession after the Federal Reserve decided to raise the federal funds rate to stem the upward pressure in inflation. As for Unity, one analyst downgraded the stock this week to a sell rating, which contributed to the stock's drop.
Full Answer
Why iQiyi stock was winning this week?
With a four-week price change of 7%, the stock of this company is certainly well-positioned in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ONEW meets this criterion too, as the stock gained 31% over the past 12 weeks.
Why did the market drop this week?
Yet the market still has a concentration problem. The S&P 500’s five largest stocks make up 21.6% of the index, down from 23.9% at their peak, but still far bigger than the 18.1% reached at the ...
What stocks dropped the most?
U.S. stocks shattered on Thursday following the worst monthly inflation ... In New Zealand, despite trading in the black most of the day, the S&P/NZX50 slipped into the red in the final minutes of trading Thursday. The key index fell 20.90 points or ...
What to expect in the markets this week?
What To Expect From The Markets This Week - 131221
- Nigeria: Economic Dashboard @ 101221. ...
- Summary and Outlook. ...
- Domestic. ...
- Agriculture. ...
- Currency Market. ...
- Money Market. ...
- We expect rates to hover around current levels barring any significant outflows from the Apex bank
- Treasury Bills Market. ...
- FGN Bond Market. ...
- FGN Eurobond Market. ...
Updates/What-To-Expect-From-The-Markets-This-Week---131221/60414 More items...
Why many first time investors may turn away from equities forever?
Coronavirus and market crash : Why many first-time investors may turn away from equities forever. Covid-19 has eroded the wealth painstakingly built over the past 4-5 years. The bigger danger is that many first-time investors may turn away from equities forever even as a pauperised populace cuts back on consumption.
How many points did the BSE Sensex lose?
As the stock market resumed trade after a 45 minute halt, indices trimmed losses and the BSE Sensex was trading lower by around 700 points.Market trims losses as trade resumes, Sensex down 700 points
How long should the government wait to look at the scenario?
The Chairman of IIFL Group says the government should wait for a week or two , look at the scenario and then come out with a comprehensive package, which can aim to minimise or mitigate job losses to start with.
Did the disruption stop stocks from scaling?
The disruption didn’t stop stocks from scaling new highs after the reopening but the incident sparked some anxious moments, prompting the govt to ask Sebi to look into the interruption.
