The Dow Jones Industrial Average fell 0.08% to 35,897.64 points. Recall, on November 8, for the first time in his history, he won back 36,565.73 points.
Standard & Poor’s 500 dropped 0.87% to 4668.67 points. On November 22, he set the highest value on record – 4743.83 points.
For its part, the technology Nasdaq Composite depreciated 2.47% to 15,180.43 points. Recall that during intraday trading on November 22, it reached a new all-time high of 16,212.23 points.
Equities in Europe rallied today amid an announcement that the European Central Bank (ECB) will step up its ongoing debt purchases to offset the end of an emergency program created specifically for the pandemic, the so-called PEPP.
Also this Thursday, the Bank of England surprised by raising its benchmark interest rates to 0.25%, the first increase since the start of the pandemic.
The two meetings come after the US Federal Reserve yesterday announced that it would double the pace of lifting stimulus to the economy and raise interest rates three times next year.
And while investors in Europe were excited, things were different on the other side of the Atlantic. This is because the Fed’s announcement of ending the pandemic stimulus program earlier than originally planned prompted investors to look for sectors that are more sensitive to economic development and move away from technologies that have mostly damaged the Nasdaq and the S&P. 500.
