TESLA AND APPLE SHARES: FIRST TRADING DAY IS LOSS TRADING DAY

STOCK MARKET LOSS

Biggest drag of Tesla and Apple shares was seen today on the very first day of the trading year and its one of the main reason why wall street main index closed on loss.

WHY TESLA AND APPLE SHARES SANK TODAY

Tesla dropped by whopping 12% today which is lowest since August 2020 and Apple shares is sharing this moment with Tesla by draining 3.7% today which is lowest from June 2021, the ratings of these stocks are being downgraded and one of the main reason for the Apple fall is low production in China due to Covid-19 restrictions.

Apple shares
Apple-Share

The world’s economy are in danger now as S&P 500 Energy is also down by 3.6% today due to low oil prices, in August Energy sector has shown wonderful profits and gains in 2022 however, not able to do the same in the first day of trading.

U.S. stock market has delivered highest yearly loss since 2008 and Fed is rapidly rising the interest rates which is higher then 1980 hike, which then concluded that its the highest inflation in ten’s of years, People are not clear about the fed’s next decision and dramatically rising inflation and until we get any idea, the rise in the stock market is unlikely.

Tesla Car Photo
Tesla Car Photo

Along with Tesla and Apple shares the Dow Jones Industrial Average fell 10.88 points, or 0.03%, to 33,136.37; the S&P 500 lost 15.36 points, or 0.40%, to 3,824.14; and the Nasdaq Composite dropped 79.50 points, or 0.76%, to 10,386.99.

Apart from Apple shares In the S&P 500’s 11 major sectors, behind energy, technology was the second biggest sector that fell drastically, losing 1%, with Apple share the decline as it ended the day with a market valuation below $2 trillion for the first time since March 2021.

Stock market
Stock market

On Wednesday People will wait eagerly for the minutes of the Fed’s December policy meeting, when the central bank raised interest rates by 50 basis points after four straight 75 basis points hikes and signaled rates could stay higher for longer.

What do you think will happen on Wednesday, will Fed increase the rates again?

Let us know in the comments below and click to know this week’s market events.

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