Major Wall Street indices closed down more than 1.5% on Wednesday after witnessing a volatile session at the Federal Reserve Jerome Powell policy announcement.
Markets initially welcomed a 75 basis point rate hike, in line with expectations, but later sold off as the central bank predicted higher rate hurdles as Powell signaled that future rate hikes would be scaled back. was served to
Following the Fed’s announcement, here are five stocks that have caught retail investors’ attention due to other factors:
1. Apple AAPL: China has solicited industrial parks housing owned iPhone factories Foxconn Technology Co., Ltd. FXCOF The country will enter a seven-day lockdown on Wednesday, according to Reuters. Central China’s Zhengzhou Airport Economic Zone said it would immediately implement “silence control” measures, the report said. Apple shares fell 3.73% on Wednesday, in line with the market after the Federal Reserve’s policy announcement.
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2. Amazon.com, Inc. AMZN: Amazon led a selloff in big tech stocks on Wednesday after the Fed’s hawkish statements sparked big volatility in US stock markets. The retail giant’s shares on Wednesday closed 4.82% lower, with its market capitalization below $940 billion.
3. Tesla Inc. TSLA: Tesla has reportedly closed its first showroom in China.The EV maker’s shares closed down 5.64% on Wednesday.
Four. ford motor company debt: Ford’s U.S. sales fell 10% last month as the automaker addressed supply chain issues that caused delays in shipments to dealers, CNBC reported. Ford said he sold 158,327 new cars in October, compared with 176,000 in the same month last year. The company’s shares on Wednesday closed 2.54% lower.
Five. Advanced Micro Devices, Inc. AMD: AMD gains more market share from rivals in profitable data center business Intel Corporation INTC This has drawn praise from Wall Street analysts, Reuters reported. “(AMD) has a data center story to tell, and Intel’s rolling collapse has removed some of the narrative constraints.” Bernstein Analyst Stacey Rasgon the report said. AMD shares on Wednesday closed him down 1.73%.
Read the following: Why the Fed’s words on rates are moving markets Wednesday: ‘Keeping the course until the job is done’