SP500 futures are now down 0.1% ahead of the European markets opening.
The SP500 may end a series of consecutive monthly gains this month, as the index has fallen 0.6% so far this month after falling more than 2% just yesterday. Technology stocks bore the brunt of those declines, with the Nasdaq seeing its worst daily showing since December 2022.
Yesterday's decline came after disappointing earnings from Alphabet and Tesla, the latter of which saw a slowdown in earnings but there are warning signs mounting towards the coming quarters, and this has sparked a sour mood as investors feel anxious towards the upcoming reports.
US stocks are not the only ones facing these declines. In Europe as well, the French CAC 40 index also fell to test the lower limit of its recent range yesterday:
The Nikkei closed down more than 3% and recorded its lowest close since last April. This once again confirms that sentiment is currently fragile and that stocks remain vulnerable to further declines.
Major stock indices in the Asia-Pacific market fell on Thursday, tracking the losses caused by technology on Wall Street.
As for currencies, traders prefer the Japanese yen and the Swiss franc as safe haven currencies, and the dollar is also holding up against the rest of the major currencies, and it even benefited against gold this week.
