The NYSE deepened its losses this Monday, with the technological Nasdaq yielding more than 4% at half-time while the S&P 500 entered the correction zone.
At 17:00 GMT on Dow Jones it yielded 2.40% to 33,449.39 units. The S&P 500 fell 3.04% to 4,264.31, and was 11.2% below its maximum in early January, a figure that places it in a correction zone.
More volatile, the Nasdaq fell 3.72% to 13,257.13 units after falling more than 4%, before the meeting of the Federal Reserve which starts tomorrow Tuesday.
European stock markets also ended in negative territory, affected by the escalation of tensions between Russia and Ukraine.
In Wall Street many star stocks fell to their lowest levels in months, such as Twitter The Paypal who lost more than 7%. graphics card manufacturer Nvidia it fell 10% just like Shopify.
Big names in tech like Apple, Amazon, Facebook Y Microsoft They lost more than 4 percent.
“The decline is deepening. The markets are nervous. They are wondering what the economic impact the latest of the hikes” in interest rates by the Fed, “at a time when they expect aggressive monetary tightening to fight persistent inflation,” Schwab analysts summarized.