Major US indices posted the highest weekly losses in 2023
Hawkish signals from the Federal Reserve meeting minutes had sent the stock falling. The Nasdaq 100 was down 3.14% in the past week. The Dow and the S&P 500 also lost 2.99% and 2.67% respectively, which were the highest weekly losses in 2023 for all three indices.
On Friday, the Nasdaq 100 plunged 210 points (-1.73%) to 11,969. The S&P 500 lost 42 points (-1.05%) to 3,970, and the Dow Jones Industrial Average also fell 336 points (-1.02%) to 32,816.
Prospects for more aggressive rate hikes fuelled the greenback. EUR/USD slid 49 pips to 1.0546, and AUD/USD declined 82 pips to 0.6725. GBP/USD dropped below the 1.2000 level, losing 69 pips to 1.1944. USD/CAD added 62 pips to 1.3609, and USD/JPY surged 176 pips to 136.46.
Spot gold declined more than $10 to $1,811.6 an ounce, while WTI oil futures traded $1.20 higher to $76.32 a barrel. Bitcoin just recovered to $23,538.0, and Ethereum rebounded to $1,642.62.
On Friday, the Nasdaq 100 plunged 210 points (-1.73%) to 11,969. The S&P 500 lost 42 points (-1.05%) to 3,970, and the Dow Jones Industrial Average also fell 336 points (-1.02%) to 32,816.
Prospects for more aggressive rate hikes fuelled the greenback. EUR/USD slid 49 pips to 1.0546, and AUD/USD declined 82 pips to 0.6725. GBP/USD dropped below the 1.2000 level, losing 69 pips to 1.1944. USD/CAD added 62 pips to 1.3609, and USD/JPY surged 176 pips to 136.46.
Spot gold declined more than $10 to $1,811.6 an ounce, while WTI oil futures traded $1.20 higher to $76.32 a barrel. Bitcoin just recovered to $23,538.0, and Ethereum rebounded to $1,642.62.