Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

GLOBAL MARKETS-Shares falls as Nasdaq tumbles, dollar edges higher

Stock MarketsMay 05, 2021 01:00
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

(Adds close of European markets)
* Dollar clawing back ground in FX markets
* Commodities consolidate gains
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh

By Herbert Lash and Marc Jones
NEW YORK/LONDON, May 4 (Reuters) - World share indexes slid
and U.S. Treasury yields fell on Tuesday as low trading volume,
a lull in economic news and lack of a catalyst to lift stocks
higher sparked a sell-off by investors worried further upside in
markets is limited.
The tech-rich Nasdaq .IXIC fell 2.7%, marking its biggest
single-day decline in six weeks, while the yield on the 10-year
Treasury note fell to a low of 1.557%, a slide that normally
would push technology shares higher.
Palladium prices soared to all-time highs, fueled by
concerns about short supplies of the auto-catalyst metal as
demand gradually improves.
The Refinitiv/CoreCommodity CRB Index .TRCCRB traded near
three-year highs as commodity prices continue a recent rally as
investors bet on rising demand as economies reopen. The surge in
commodity prices has spurred talk of an inflation spike.
As investors sold stocks they bought government debt,
pushing Treasury prices up and yields lower.
"There's not a lot of conviction among traders of which way
markets should go from here," said Patrick Leary, chief market
strategist and senior trader at Incapital. "We've priced in a
great amount of reopening optimism."
MSCI's benchmark for global equity markets .MIWD00000PUS
fell 1.23% to 694.67.
On Wall Street, the Dow Jones Industrial Average .DJI fell
0.5%, the S&P 500 .SPX lost 1.29% and the Nasdaq Composite
.IXIC dropped 2.72%.
Sensitive cyclical sectors including energy and financials,
outperformed growth stocks.
In currency markets, the dollar USD= clawed back some
ground to partially unwind last month's long decline as
investors squared up positions ahead of monthly payrolls data
due at the end of the week. FRX/
The dollar index =USD rose 0.314%, with the euro EUR=
down 0.38% to $1.2015. The Japanese yen weakened 0.22% versus
the greenback at 109.31 per dollar.
Signs that the world's major central banks remain in no rush
to reel in their massive stimulus programs kept 10-year U.S.
Treasury yields under 1.65% and Germany's Bund yields below
13-month highs. GVD/EUR
Australia's central bank left its key interest rates at near
zero overnight for a fifth straight meeting and pledged to keep
its policies super-supportive for a prolonged
period. Australia's S&P/ASX200 .AXJO had risen 0.6% and Hong Kong
.HSI had climbed 0.7% in thin Asian trading due to holidays in
both China and Japan.


Cryptocurrency ether ETH=BTSP powered to another record
peak, nearing $3,500, before paring gains to trade 5.4% lower.
Oil prices rose on Tuesday after more U.S. states eased
pandemic-related lockdowns and the European Union sought to
attract travelers, though soaring COVID-19 cases in India capped
gains.
Brent crude futures LCOc1 rose $1.22 to $68.78 a barrel.
U.S. crude futures CLc1 gained $1.12 to $65.61 a barrel.
Spot gold prices XAU= fell $-17.55%.



<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Emerging markets http://tmsnrt.rs/2ihRugV
Global asset performance http://tmsnrt.rs/2yaDPgn
Sterling's referendum rollercoaster rides https://tmsnrt.rs/3vos5nM
India suffering world's worst COVID wave https://tmsnrt.rs/2Sf8pV1
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

GLOBAL MARKETS-Shares falls as Nasdaq tumbles, dollar edges higher
 

Related Articles

Helbiz Expands Segway Partnership
Helbiz Expands Segway Partnership By Investing.com - Jan 22, 2022

By Sam Boughedda Investing.com — Micro-mobility company Helbiz Inc (NASDAQ:HLBZ) announced Friday that it has expanded its partnership with Segway, a personal transportation...

Nasdaq Moves Off Lows After Dipping Below 14,000
Nasdaq Moves Off Lows After Dipping Below 14,000 By Investing.com - Jan 22, 2022 2

By Yasin Ebrahim Investing.com – The Nasdaq moved off session lows Friday after falling below the key 14,000 level, as a Netflix-led rout in tech eased and dip-buying in...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email