Stocks churn near lows of the year in volatile trading after Nasdaqs worst month since 2008 - BitcoinEthereumNews.com
KabuhayanAng mga stock ay bumagsak malapit sa mababang ng taon sa pabagu-bago ng isip na kalakalan pagkatapos ng pinakamasamang buwan ng Nasdaq mula noong 200805 / 02 / 2022Balita ng Ethereum ng Bitcoin U.S. stocks swung between gains and losses on Monday morning as Wall Street tried to shake off a brutal month that saw the Nasdaq Composite suffer its worst stretch since 2008. The Dow Jones Industrial Average gained 41 points, or 0.1%. The S&P 500 ticked up 0.1% and the Nasdaq Composite rose 0.4%. The Dow and S&P 500 are coming off their worst month since March 2020, when the pandemic took hold. The Dow finished April 4.9% lower, while the S&P tanked 8.8%. The Nasdaq closed down 13.26% for its worst month since 2008. “As we turn the calendar to May, we may see a short-term oversold bounce, however, we still have several reasons for concern. We believe our longer-term equity indicators are not yet oversold enough to have a high conviction ‘Buy’ call. We also believe managers have started to re-price stocks using recession like multiples. If that is the case, we are still over-valued,” MKM Partners chief market technician JC OHara said in a note clients. Tech was a particular