Thursday, 5 May 2022

Dow, S&P 500, Nasdaq 100 in Free-Fall as Traders Capitulate, NFP Eyed for Direction

U.S stocks erase the Fed-induced gains and suffer heavy losses on Thursday, dragged down by soaring yields and fears that mounting economic headwinds will damage the equity market.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...