New York Stock Exchange's weak technology stocks. Twitter Falls 8%

 The yield on government bonds fell to around 2.88%, but major technology stocks fell sharply. The market expects the Fed's rate hike to lead to an economic slowdown. The Fed says the U.S. economy is strong. However, the Fed was often wrong. Even Bernanke accused Powell of missing the right time to raise interest rates. Powell is speeding too much this time, adding to concerns about the game.  

The yield on 10-year U.S. bonds is falling due to the spread of daily charts/ concerns over an economic recession.

"The economic downturn is inevitable." Investor sentiment, "DOWN"... Twitter Falls 8%

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Money Today 2022-05-17 06:49 

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The New York stock market closed lower amid concerns over an economic recession. The Dow closed flat.

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The Dow closed at 32,223.42 on the New York Stock Exchange on the 16th (local time), up 26.76 points (0.08 percent) from the previous day. The S&P 500 index closed at 4008.01, down 15.88 points (0.39%). The NASDAQ index closed at 11,662.79, down 142.21 points (1.20 percent).

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Interest rates on government bonds fell. The 10-year government bond rate, which started at 2.918% on the same day, fell to 2.882%.

Investor sentiment waning amid concerns over slowing growth...weak technology stocks

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Investor sentiment shrank and technology stocks fell together amid concerns over slowing U.S. economic growth, a rate hike by the Federal Reserve, and soaring inflation.

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With Tesla down 5.88%, Apple and Alphabet fell 1.07% and 1.39%, respectively. Amazon and Netflix also fell 1.99% and 0.61%, respectively. ARK Innovation ETF also fell 5.92%.Among major technology stocks, Microsoft and Meta closed higher, rising 0.14% and 0.71%, respectively.

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Rivian and Lucid fell 6.90 percent and 3.61 percent, respectively, while Peloton and Zoom video also fell 2.46 percent and 6.25 percent, respectively. Teladak closed 5.54 percent lower. Coupang fell 5.33 percent.

Twitter Falling 8%; Coinbase Falling 9%

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Twitter fell 8.18 percent to the $30 range.Semiconductor shares were also weak. With NVIDIA down 2.50%, Intel and AMD fell 1.20% and 0.93%, respectively. Micron and Qualcomm also fell 2.02% and 0.76%, respectively. ASML also fell by 2.44%.

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Wall Street: "It's hard to argue that there's no recession."

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"We are continuing to switch to interest-led price adjustments," said Bill Nosi, senior director of U.S. Bank Wells Management. "We are undergoing extensive adjustments in asset value due to rising inflation concerns."

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"Investors are leaving the market because of the prospect of a recession," David Donabedian, chief investment officer at CIBC Private Wells Management, told Bloomberg. "To be honest, it is difficult to make a strong argument against the prospect of an economic downturn." "We know that most of the Fed's austerity policies bring about a recession," he added, "So we have to have an answer to the question of why it will be different this time, and it's not that easy to come up with the answer."

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Lisa Charlotte, chief investment officer at Morgan Stanley Asset Management, said, "The Fed is under pressure to accelerate the pace of tightening at a time when inflation is rarely showing signs of calming down," adding, "It is becoming more and more problematic as complex factors are intensifying due to the Ukraine match or China's Corona response." Overall, this means that global economic growth is slowing faster than expected, he said.

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Oil prices rose on the day. On the New York Mercantile Exchange (NYMEX), WTI (Western Texas crude oil) delivery rose $3.40 (3.08%) to $113.89 per barrel. On the London ICE Futures Exchange, North Sea Brent crude, the benchmark for international oil prices, rose $2.69 (2.41%) to $114.24 per barrel as of 10:18 p.m.