Inflation concerns and tech miss weigh
Published:
2021-10-31 05:09:22 BdST
Update:
2024-05-03 01:15:17 BdST
IT Live: US and European stock markets mostly retreated on Friday, dragged down by
disappointing earnings from Apple and Amazon, with additional pressure coming from news of rising eurozone inflation.
The US tech titans announced billions of dollars in quarterly profits, but supply chain bottlenecks, rising prices and the global chip shortage dented performance. Ahead of the Apple and Amazon results, US stocks had closed higher on Thursday, with the tech-heavy Nasdaq striking a new all-time high.
The dollar climbed against its main rivals, gaining 1 percent against the euro as speculation mounts the Federal Reserve will begin next week to tighten monetary policy and US government bond yields rise.
Dhaka, 30 October (campuslive24.com)//BSC
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