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The US stock market starts today's trading with declines
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Panic on "meme stocks"
The first trading session this week brings massive declines on the US stock market. Especially, a lot is happening on "meme stocks", which are sinking today.
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Open account Try demo Download mobile app Download mobile appThe market is now pricing in nearly 68% for a 75 basis point rate hike at the Fed's September meeting. Source: Bloomberg
US quotes. Source: xStation 5
Compiled charts of the US100 index and VIX on the D1 interval. The benchmark of technology companies starts today's session with declines. The VIX fear index is gaining nearly 5.0% today. Source: xStation 5
News:
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AMC (AMC.US) shares are losing more than 30% today. The reason for such a large sell-off is comments from the company's rival entity Cineworld, which is considering declaring bankruptcy. Let's remember that just a week ago AMC's CEO assured optimistic forecasts around the business. The mood around the company is also under pressure due to another sell-off in Bed Bath & Beyond (BBBY.US) shares, which are losing another 10% at the open. Bloomberg reported that some BBBY suppliers have halted their services due to payment shortfalls.
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Ford (F.US) shares are losing 2.8% today due to a verdict ordering the company to pay a $1.7 billion fine. At issue is an accident in which a married couple was killed.
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Tesla (TSLA.US) shares are losing nearly 2.1% early in the session. Musk announced a $3,000 price increase for the Full Self Driving system.
News from US companies. Source: Bloomberg
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