Wall Street Tech Selloff deepening, fixed European shares

Written by JASPREET KALRA and Noel Randewich

Mumbai/San Francisco (Reuters) -The shares of Wall Street fell on Wednesday, as the technology sale extends to a second day, while a major meeting of the central bankers later this week remained a concentration of currencies and rate traders.

The S&P 500 ended by 0.2 % and the nasdaq compound nasta slipped by 0.7 %, which increased a sharp decrease on Tuesday. Both indexes partially recover from deeper losses.

The Dow Jones industrial average increased by 0.04 %.

Analysts blame the factors of technical stocks, including concerns about acute assessments, investors come out of profitable positions and risk alienation.

“For me, technology was to arrest it,” said Seth Haykal, the administrative partner of MindSet Wealth Management. “We had really good profits, and now it is normal for the market just selling some of these good news.”

There has been an impact on US President Donald Trump’s increasingly on technology companies to focus on investors. Two sources of Reuters said that US Trade Minister Howard Lootnick is looking into the government that takes stock shares in Intel and other chips.

This is followed by unusual deals to recently exchange Washington with NVIDIA artificial intelligence chips and advanced advanced devices.

Apple, Alphabet and Amazon each have decreased more than 1 %.

European stocks rose, as the Stoxx 600 in Europe increased by 0.25 %. FTSE 100 gathered in Britain by 1.17 % to a record height, backed by gains in consumer and health care companies.

Focus on Jackson Hall

The US dollar was slightly weakened against a basket of their peers after Trump, the Federal Reserve Governor, Lisa Cook, called for resignation.

The return of the US Treasury has not changed for 10 years by 3.29 %, while the Treasury’s return for two years fell to 3.74 %.

The focus is now on the Jackson Hole symposium in the Federal Reserve 21-23 August, as the Federal Reserve Chairman is scheduled to speak on Friday about economic expectations and the framework of the US Central Bank policy.

Powell’s notes on the expectations close to the interest rates will be monitored strongly, as traders are almost completely sought to reduce prices next month.

“Even if the President of the Federal Reserve, Jerome Powell, confirmed silent unemployment on the spinning salary balls sharply, it will be a difficult sale for both the White House and a pricing market in 21 basis points of price discounts for the month of September.”

Minutes of the Federal Reserve meeting in July, where interest rates were left unchanged, showed that almost all policy makers saw this as appropriate to maintain the target scope of the federal funds rate at 4.25 % to 4.50 %, despite the dissidents.