Wall Street’s main indexes ended over 1.5% lower on Wednesday after witnessing a volatile session during the Federal Reserve’s presidency Jerome Powells political announcement.
Although markets initially cheered the 75 basis point rate hike, which was in line with expectations, along with Powell’s hint that future rate hikes would be slacking, expectations of the central bank for a higher guidance on interest rates later led to a sell-off.
Here are the five stocks that are attracting retail investors’ attention following the Fed’s announcement and other factors:
1. Apple Inc AAPL: China has asked an industrial park that houses an iPhone factory Foxconn Technology Co Ltd FXCOF to enter a seven-day lockdown on Wednesday, reported Reuters. The economic zone of Zhengzhou Airport in central China said it would enforce “silent management” measures with immediate effect, the report said. Shares of Apple ended down 3.73% on Wednesday, in line with the market thereafter Federal Reserve policy announcement.
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2. Amazon.com, Inc. AMZN: Amazon led the decline among big tech stocks on Wednesday after the Fed’s dovish statement caused huge volatility in the US stock market. Shares of the retail giant closed 4.82% lower on Wednesday its market capitalization fell below $940 billion.
3. Tesla Inc TSLA: Tesla has reportedly closed its first showroom in China as the electric vehicle maker seeks to adjust its sales and service strategy in its second largest market. Shares of the electric vehicle maker closed 5.64% lower on Wednesday.
4. Ford Motor Company f: Ford’s U.S. sales fell 10% last month as the automaker faced supply chain issues that caused delays in deliveries to dealers. reported CNBC. Ford reported sales of 158,327 new vehicles in October, compared to 176,000 units sold in the same month last year. Shares of the company closed down 2.54% on Wednesday.
5. Advanced Micro Devices, Inc. AMD: AMD has accessed…
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