Global market update: US stocks fall led by Tesla and AT&T

The S&P 500 closed down 0.60% at 4,129.79. The Dow Jones Industrial Average closed down 0.33% at 33,786.62. The Nasdaq Composite lost 0.8% to 12,059.56.

Tesla stock sank 9.75% after the company missed gross margin forecasts. AT&T fell 10.4% after reporting slightly weaker than expected revenue.

Data showed weekly jobless claims increased last week.

Manufacturing activity in the Mid-Atlantic region fell to its lowest level in three years in April, and existing home sales fell in March.

Adding to investor concerns, Fed Governor Michelle Bowman said the central bank is focused on reducing inflation to support a growing economy and rising incomes, while a tight labor market has made it difficult for growing businesses to find workers. has made it.

Treasury yields fell after the release of US economic data. The yield on the 10-year Treasury fell 6.8 basis points to 3.534%. The yield on the 2-year Treasury fell 11.6 basis points to 4.149%.

Currencies

The Japanese yen gained 0.36% to 134.23 against the US dollar. The euro rose 0.07% to $1.0962.

Canada

Canada’s Toronto Stock Exchange’s S&P/TSX composite index closed down 0.2% at 20,630.69.

european shares

European shares fell on a weak earnings report. The pan-European STOXX 600 index lost 0.15%.

Britain’s FTSE 100 closed less than 0.1% at 7,902.61. Germany’s DAX was down 0.6% at 15,795.97. In France, the CAC 40 closed down 0.1% at 7,538.71.

Asia

Asian stock markets were mixed on Thursday.

Hong Kong’s Hang Seng index rose 0.1% to 20,396.97. China’s Shanghai Composite index closed down 0.1% at 3,367.03. Japan’s Nikkei 225 closed at 28,657.57, up 0.2%.

Australia’s S&P/ASX 200 index closed flat. New Zealand’s benchmark S&P/NZX 50 index closed down 0.3% at 11,879.68.

raw oiAle

Brent crude for June delivery fell $2.02 to $81.10 a barrel on Thursday. US benchmark crude for May delivery fell $1.87 to $77.29 a barrel.

bullion

Gold for delivery in June gained $11.80 to $2,019.10 an ounce. Silver for delivery in May remained unchanged at 25.37 an ounce.