Daily Report 10.08.2022
Objavljeno: 10. 08. 2022

S&P 500 and Nasdaq slip to start the week as Nvidia warning puts brakes on market rally; European markets close lower as focus turns to U.S. inflation, Fed outlook 
Stocks fell on Tuesday as investors navigated a batch of disappointing company reports ahead of a key inflation reading. 
The S&P 500 fell 0.42% to 4,122.47, while the Nasdaq Composite dropped 1.19% to 12,493.93. The Dow Jones Industrial Average shed 58.13 points, or 0.18%, to close at 32,774.41. 
The declines came after memory chipmaker Micron warned that revenue may fall short of its prior guidance because of “macroeconomic factors and supply chain constraints.” The stock fell more than 3%. 
Outside of chips, a pair of Nasdaq-listed stocks also got hit. Novavax slumped nearly 30% after slashing full-year revenue guidance because of poor demand for its Covid vaccines. Upstart declined more than 11% after the consumer lending company reported second quarter results that missed both profit and revenue expectations. 


The pan-European Stoxx 600 provisionally ended down by 0.6%, with technology stocks shedding 3.2% to lead losses while oil and gas stocks bucked the downward trend to add 1.2%. 
Ferrovial climbed almost 4% on a report that the Spanish transport infrastructure firm is considering options for its 25% stake in Britain’s Heathrow Airport. 
Source: CNBC, Investing.com