Major U.S. indexes closed lower for a third straight session
09-23 12:00uSMART

On Thursday, the three major U.S. stock indexes collectively fell. The Dow Jones Industrial Average fell 0.35%, the S&P 500 fell 0.84% and the Nasdaq lost 1.37%, all Posting their third straight loss.

 

MACRO

US Markets posted 3-day losing streak due to recession fears and spike in treasury yield.

Asia Markets continue to fall on Friday as Federal Reserve’s hawisk rate hike stance continue to weigh on investors.

Japan’s officials announced that they will direct intervene to defend yen falls.

 

COMPANY

Accenture has fallen 1% even though earnings beat expectations. It has warned of forex hit and lower IT spending.

DocuSign appoints former Google executive Allan Thygesen its new CEO. Share price was once up 3.7% in the after hours trading but it is now flat at 0.5% gain.

FactSet Research (FDS)’s share price fell 8.2% due to Q4 Earnings miss.

Li Auto Inc. will early launch Li L8, its six-Seat, large premium smart SUV, on September 30, 2022

Costco’s earnings top estimates but its share price slipped in the after hours trading as it says it is seeing higher labor and freight costs.

 

Economic Calendar (24 Sep 2022)

  • Flash Services PMI
  • Fed Chair Powell Speaks

 

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