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2023-04-06

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EU Chips Act Likely to Get Green Light on April 18 -Sources

2023-04-06

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lawmakers on April 18, people with direct knowledge of the matter said on Wednesday.</p><p style=\"text-align: start;\">The European Commission announced the Chips Act last year in a bid to cut EU reliance on U.S. and Asian semiconductors following global supply chain problems that hurt European businesses from carmakers to manufacturers.</p><p>The proposed legislation, which aims to double the bloc&#39;s share of global chip output to 20% over the next decade, came after the United States announced its CHIPS for America Act to compete with Chinese technology.</p><p style=\"text-align: start;\">EU countries and lawmakers will meet at the European Parliament&#39;s monthly session in Strasbourg on April 18 to negotiate details of funding for the Act and will likely clinch a deal, the people said.</p><p>Discussions have to date focused on a 400-million-euro ($438 million) shortfall, but the EU executive has managed to come up with the bulk of the funds, they said.</p><p style=\"text-align: start;\">While the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have expanded the scope to cover the whole value chain, including older chips and research and design facilities, the people said.</p><p style=\"text-align: start;\">Lawmakers had singled out Belgium-based IMEC, a world-leading innovation hub in nanoelectronics and digital technologies and with an ecosystem of more than 600 major industry players, as a key reason for ploughing more funds into EU R&amp;D, they said.</p><p style=\"text-align: start;\">Providing funding to the entire value chain also addresses complaints from the smaller EU countries about being left out after Intel, attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex.</p><p>Franco-Italian company STMicroelectronics has also teamed up with GlobalFoundries to build a 6.7 billion euro chip factory in France, drawing on funding from the government.</p><p style=\"text-align: start;\">($1 = 0.9163 euros)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EU Chips Act Likely to Get Green Light on April 18 -Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU Chips Act Likely to Get Green Light on April 18 -Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-06 10:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">BRUSSELS, April 5 (Reuters) - The European Union&#39;s 43 billion euro ($47 billion) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday.</p><p style=\"text-align: start;\">The European Commission announced the Chips Act last year in a bid to cut EU reliance on U.S. and Asian semiconductors following global supply chain problems that hurt European businesses from carmakers to manufacturers.</p><p>The proposed legislation, which aims to double the bloc&#39;s share of global chip output to 20% over the next decade, came after the United States announced its CHIPS for America Act to compete with Chinese technology.</p><p style=\"text-align: start;\">EU countries and lawmakers will meet at the European Parliament&#39;s monthly session in Strasbourg on April 18 to negotiate details of funding for the Act and will likely clinch a deal, the people said.</p><p>Discussions have to date focused on a 400-million-euro ($438 million) shortfall, but the EU executive has managed to come up with the bulk of the funds, they said.</p><p style=\"text-align: start;\">While the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have expanded the scope to cover the whole value chain, including older chips and research and design facilities, the people said.</p><p style=\"text-align: start;\">Lawmakers had singled out Belgium-based IMEC, a world-leading innovation hub in nanoelectronics and digital technologies and with an ecosystem of more than 600 major industry players, as a key reason for ploughing more funds into EU R&amp;D, they said.</p><p style=\"text-align: start;\">Providing funding to the entire value chain also addresses complaints from the smaller EU countries about being left out after Intel, attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex.</p><p>Franco-Italian company STMicroelectronics has also teamed up with GlobalFoundries to build a 6.7 billion euro chip factory in France, drawing on funding from the government.</p><p style=\"text-align: start;\">($1 = 0.9163 euros)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4156":"煤与消费用燃料","ASML":"阿斯麦","INTC":"英特尔","STM":"意法半导体","GFS":"GLOBALFOUNDRIES Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325365732","content_text":"BRUSSELS, April 5 (Reuters) - The European Union's 43 billion euro ($47 billion) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday.The European Commission announced the Chips Act last year in a bid to cut EU reliance on U.S. and Asian semiconductors following global supply chain problems that hurt European businesses from carmakers to manufacturers.The proposed legislation, which aims to double the bloc's share of global chip output to 20% over the next decade, came after the United States announced its CHIPS for America Act to compete with Chinese technology.EU countries and lawmakers will meet at the European Parliament's monthly session in Strasbourg on April 18 to negotiate details of funding for the Act and will likely clinch a deal, the people said.Discussions have to date focused on a 400-million-euro ($438 million) shortfall, but the EU executive has managed to come up with the bulk of the funds, they said.While the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have expanded the scope to cover the whole value chain, including older chips and research and design facilities, the people said.Lawmakers had singled out Belgium-based IMEC, a world-leading innovation hub in nanoelectronics and digital technologies and with an ecosystem of more than 600 major industry players, as a key reason for ploughing more funds into EU R&D, they said.Providing funding to the entire value chain also addresses complaints from the smaller EU countries about being left out after Intel, attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex.Franco-Italian company STMicroelectronics has also teamed up with GlobalFoundries to build a 6.7 billion euro chip factory in France, drawing on funding from the government.($1 = 0.9163 euros)","news_type":1,"symbols_score_info":{"ASML":0.9,"GFS":0.9,"0QB8.UK":0.9,"STM":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544386,"gmtCreate":1680751281846,"gmtModify":1680752474236,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143755643647982","authorIdStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Congrats&nbsp;","listText":"Congrats&nbsp;","text":"Congrats","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544386","repostId":"1175096937","repostType":4,"repost":{"id":"1175096937","kind":"news","pubTimestamp":1680749700,"share":"https://ttm.financial/m/news/1175096937?lang=en_US&edition=fundamental","pubTime":"2023-04-06 10:55","language":"en","title":"Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1175096937","media":"Bloomberg","summary":"Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recou","content":"<div>\n<p>Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global Posts 7.3% First-Quarter Gain After Losses in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-06 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175096937","content_text":"Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/BloombergTiger Global Management’s hedge fund gained 7.3% in the first quarter as a rally in technology shares helped the firm begin to dig out from last year’s record losses.  The fund advanced 5.2% in March for its third straight positive month this year, according to a person familiar with the matter. Four of the firm’s biggest stock holdings at the end of December jumped at least 20% during the first three months, led by a 76% surge for Meta Platforms Inc. The tech-heavy Nasdaq Composite Index rose 17%.  A spokesperson for New York-based Tiger Global declined to comment.   Chase Coleman’s firm is seeking to rebound from a down year in 2021 and another in 2022, when the hedge fund tumbled 56% and the long-only fund plunged 67%. To recoup client money lost over that span, the funds would need to gain at least 144% and 216%, respectively. Tech shares have become interesting again after being “in their own version of a recession for almost a year,” Coleman said at a luncheon Tuesday, when he recommended buying so-called FAANGs, an acronym for some of the biggest names in the sector. Tiger Global has bounced back before. After a 26% slide in 2008, the hedge fund recouped losses by 2011, and after sinking 15% in 2016, it made back that money the following year. Still, neither of those declines quite compare with last year’s. The firm started 2023 with about $51 billion, down from roughly $100 billion in late 2021.Tiger Global’s long-only fund returned 5.2% in March, extending this year’s gain to 9.8%, the person said.  The firm overhauled the hedge fund last year, slashing equity holdings in the first quarter and reducing stakes in Chinese firms. It also marked down private investments in its venture funds by about a third.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544965,"gmtCreate":1680751265258,"gmtModify":1680752474310,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143755643647982","authorIdStr":"4143755643647982"},"themes":[],"title":"","htmlText":"OK&nbsp;","listText":"OK&nbsp;","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544965","repostId":"2325600283","repostType":2,"isVote":1,"tweetType":1,"viewCount":2249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544050,"gmtCreate":1680751252170,"gmtModify":1680752474257,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143755643647982","authorIdStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Let's go&nbsp;","listText":"Let's go&nbsp;","text":"Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544050","repostId":"2325936495","repostType":2,"isVote":1,"tweetType":1,"viewCount":2289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948545765,"gmtCreate":1680751237258,"gmtModify":1680752474278,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4143755643647982","authorIdStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Nice tq","listText":"Nice tq","text":"Nice tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948545765","repostId":"2325313401","repostType":2,"repost":{"id":"2325313401","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1680734452,"share":"https://ttm.financial/m/news/2325313401?lang=en_US&edition=fundamental","pubTime":"2023-04-06 06:40","market":"us","language":"en","title":"S&P 500 Ends Lower As Recession Fears Take Center Stage","url":"https://stock-news.laohu8.com/highlight/detail?id=2325313401","media":"Reuters","summary":"*U.S. service sector slows in March; inflation cools*March private payrolls miss estimates*FedEx up ","content":"<html><head></head><body><p>*U.S. service sector slows in March; inflation cools</p><p>*March private payrolls miss estimates</p><p>*FedEx up on plan to consolidate operating divisions</p><p>*Final snapshot: S&amp;P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/148a9575838512109ccd82ae8e486d62\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>April 5 (Reuters) - The S&amp;P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve&#39;s rapid interest rate hikes might tip the U.S. economy into a recession.</p><p>Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&amp;P 500 after Alphabet Inc&#39;s Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.</p><p>Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street&#39;s most valuable companies in recent weeks.</p><p>Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.</p><p>The S&amp;P 500 declined 0.25% to end the session at 4,090.38 points.</p><p>The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.</p><p>Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday&#39;s weak job openings data.</p><p>As well, the Institute for Supply Management&#39;s survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.</p><p>Earlier this week data showed falling factory orders and soft manufacturing activity.</p><p>Wall Street&#39;s recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed&#39;s interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.</p><p>&#34;We may have transitioned from the notion that &#39;bad news is good news&#39; to &#39;bad new is bad news&#39;,&#34; said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. &#34;Fear about a recession is the dominant theme.&#34;</p><p>Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group&#39;s Fedwatch tool.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .</p><p>Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson &amp; Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.</p><p>Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.</p><p>FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.</p><p>Big banks including JPMorgan Chase &amp; Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.</p><p>Analysts on average expect aggregate S&amp;P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.2-to-one ratio.</p><p>The S&amp;P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Ends Lower As Recession Fears Take Center Stage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Ends Lower As Recession Fears Take Center Stage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-06 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>*U.S. service sector slows in March; inflation cools</p><p>*March private payrolls miss estimates</p><p>*FedEx up on plan to consolidate operating divisions</p><p>*Final snapshot: S&amp;P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/148a9575838512109ccd82ae8e486d62\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>April 5 (Reuters) - The S&amp;P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve&#39;s rapid interest rate hikes might tip the U.S. economy into a recession.</p><p>Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&amp;P 500 after Alphabet Inc&#39;s Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.</p><p>Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street&#39;s most valuable companies in recent weeks.</p><p>Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.</p><p>The S&amp;P 500 declined 0.25% to end the session at 4,090.38 points.</p><p>The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.</p><p>Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday&#39;s weak job openings data.</p><p>As well, the Institute for Supply Management&#39;s survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.</p><p>Earlier this week data showed falling factory orders and soft manufacturing activity.</p><p>Wall Street&#39;s recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed&#39;s interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.</p><p>&#34;We may have transitioned from the notion that &#39;bad news is good news&#39; to &#39;bad new is bad news&#39;,&#34; said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. &#34;Fear about a recession is the dominant theme.&#34;</p><p>Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group&#39;s Fedwatch tool.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .</p><p>Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson &amp; Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.</p><p>Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.</p><p>FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.</p><p>Big banks including JPMorgan Chase &amp; Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.</p><p>Analysts on average expect aggregate S&amp;P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.2-to-one ratio.</p><p>The S&amp;P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4503":"景林资产持仓","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4576":"AR","LU1046421795.USD":"富达环球科技A-ACC",".DJI":"道琼斯","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4566":"资本集团","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4516":"特朗普概念","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD",".IXIC":"NASDAQ Composite","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4082":"医疗保健设备","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","FDX":"联邦快递",".SPX":"S&P 500 Index","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4588":"碎股","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4507":"流媒体概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4170":"电脑硬件、储存设备及电脑周边","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","CAT":"卡特彼勒","BK4551":"寇图资本持仓","LU0444971666.USD":"天利全球科技基金","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4525":"远程办公概念","LU0238689110.USD":"贝莱德环球动力股票基金","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4149":"建筑机械与重型卡车","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","NVDA":"英伟达","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","AI":"C3.ai, Inc.","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4571":"数字音乐概念","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","TSLA":"特斯拉","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325313401","content_text":"*U.S. service sector slows in March; inflation cools*March private payrolls miss estimates*FedEx up on plan to consolidate operating divisions*Final snapshot: S&P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%April 5 (Reuters) - The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&P 500 after Alphabet Inc's Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street's most valuable companies in recent weeks.Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.The S&P 500 declined 0.25% to end the session at 4,090.38 points.The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday's weak job openings data.As well, the Institute for Supply Management's survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.Earlier this week data showed falling factory orders and soft manufacturing activity.Wall Street's recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed's interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.\"We may have transitioned from the notion that 'bad news is good news' to 'bad new is bad news',\" said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. \"Fear about a recession is the dominant theme.\"Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group's Fedwatch tool.Of the 11 S&P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson & Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.Big banks including JPMorgan Chase & Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.Analysts on average expect aggregate S&P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.Declining stocks outnumbered rising ones within the S&P 500 by a 1.2-to-one ratio.The S&P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.","news_type":1,"symbols_score_info":{"JNJ":0.9,"FDX":0.9,".SPX":0.9,".DJI":0.9,"NVDA":0.9,"AI":0.9,".IXIC":0.9,"TSLA":0.9,"CAT":0.9}},"isVote":1,"tweetType":1,"viewCount":2364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9948545765,"gmtCreate":1680751237258,"gmtModify":1680752474278,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143755643647982","idStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Nice tq","listText":"Nice tq","text":"Nice tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948545765","repostId":"2325313401","repostType":2,"repost":{"id":"2325313401","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1680734452,"share":"https://ttm.financial/m/news/2325313401?lang=en_US&edition=fundamental","pubTime":"2023-04-06 06:40","market":"us","language":"en","title":"S&P 500 Ends Lower As Recession Fears Take Center Stage","url":"https://stock-news.laohu8.com/highlight/detail?id=2325313401","media":"Reuters","summary":"*U.S. service sector slows in March; inflation cools*March private payrolls miss estimates*FedEx up ","content":"<html><head></head><body><p>*U.S. service sector slows in March; inflation cools</p><p>*March private payrolls miss estimates</p><p>*FedEx up on plan to consolidate operating divisions</p><p>*Final snapshot: S&amp;P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/148a9575838512109ccd82ae8e486d62\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>April 5 (Reuters) - The S&amp;P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve&#39;s rapid interest rate hikes might tip the U.S. economy into a recession.</p><p>Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&amp;P 500 after Alphabet Inc&#39;s Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.</p><p>Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street&#39;s most valuable companies in recent weeks.</p><p>Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.</p><p>The S&amp;P 500 declined 0.25% to end the session at 4,090.38 points.</p><p>The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.</p><p>Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday&#39;s weak job openings data.</p><p>As well, the Institute for Supply Management&#39;s survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.</p><p>Earlier this week data showed falling factory orders and soft manufacturing activity.</p><p>Wall Street&#39;s recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed&#39;s interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.</p><p>&#34;We may have transitioned from the notion that &#39;bad news is good news&#39; to &#39;bad new is bad news&#39;,&#34; said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. &#34;Fear about a recession is the dominant theme.&#34;</p><p>Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group&#39;s Fedwatch tool.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .</p><p>Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson &amp; Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.</p><p>Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.</p><p>FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.</p><p>Big banks including JPMorgan Chase &amp; Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.</p><p>Analysts on average expect aggregate S&amp;P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.2-to-one ratio.</p><p>The S&amp;P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Ends Lower As Recession Fears Take Center Stage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Ends Lower As Recession Fears Take Center Stage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-04-06 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>*U.S. service sector slows in March; inflation cools</p><p>*March private payrolls miss estimates</p><p>*FedEx up on plan to consolidate operating divisions</p><p>*Final snapshot: S&amp;P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/148a9575838512109ccd82ae8e486d62\" tg-width=\"1080\" tg-height=\"1920\"/></p><p>April 5 (Reuters) - The S&amp;P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve&#39;s rapid interest rate hikes might tip the U.S. economy into a recession.</p><p>Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&amp;P 500 after Alphabet Inc&#39;s Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.</p><p>Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street&#39;s most valuable companies in recent weeks.</p><p>Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.</p><p>The S&amp;P 500 declined 0.25% to end the session at 4,090.38 points.</p><p>The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.</p><p>Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday&#39;s weak job openings data.</p><p>As well, the Institute for Supply Management&#39;s survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.</p><p>Earlier this week data showed falling factory orders and soft manufacturing activity.</p><p>Wall Street&#39;s recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed&#39;s interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.</p><p>&#34;We may have transitioned from the notion that &#39;bad news is good news&#39; to &#39;bad new is bad news&#39;,&#34; said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. &#34;Fear about a recession is the dominant theme.&#34;</p><p>Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group&#39;s Fedwatch tool.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .</p><p>Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson &amp; Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.</p><p>Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.</p><p>FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.</p><p>Big banks including JPMorgan Chase &amp; Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.</p><p>Analysts on average expect aggregate S&amp;P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.2-to-one ratio.</p><p>The S&amp;P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4503":"景林资产持仓","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4576":"AR","LU1046421795.USD":"富达环球科技A-ACC",".DJI":"道琼斯","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4566":"资本集团","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4516":"特朗普概念","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD",".IXIC":"NASDAQ Composite","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4082":"医疗保健设备","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","FDX":"联邦快递",".SPX":"S&P 500 Index","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4588":"碎股","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4507":"流媒体概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4170":"电脑硬件、储存设备及电脑周边","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","CAT":"卡特彼勒","BK4551":"寇图资本持仓","LU0444971666.USD":"天利全球科技基金","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4525":"远程办公概念","LU0238689110.USD":"贝莱德环球动力股票基金","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4149":"建筑机械与重型卡车","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","NVDA":"英伟达","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","AI":"C3.ai, Inc.","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4571":"数字音乐概念","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","TSLA":"特斯拉","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4534":"瑞士信贷持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2325313401","content_text":"*U.S. service sector slows in March; inflation cools*March private payrolls miss estimates*FedEx up on plan to consolidate operating divisions*Final snapshot: S&P 500 -0.25%, Nasdaq -1.07%, Dow +0.24%April 5 (Reuters) - The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession.Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&P 500 after Alphabet Inc's Google unit said the supercomputers it uses to train its artificial intelligence models were faster and more power-efficient than comparable components made by the chipmaker.Tesla Inc fell 3.7%, while Amazon and Apple declined more than 1%, pulling down the Nasdaq and reversing gains in some of Wall Street's most valuable companies in recent weeks.Caterpillar, viewed as a bellwether for the industrial sector, dropped 1.8%, bringing its loss over the past two days to 7% as investors fretted about a potential economic downturn.The S&P 500 declined 0.25% to end the session at 4,090.38 points.The Nasdaq fell 1.07% to 11,996.86 points, while the Dow Jones Industrial Average rose 0.24% to 33,482.72 points.Driving the recession fears, the ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March. That followed Tuesday's weak job openings data.As well, the Institute for Supply Management's survey showed the services sector slowed more than expected last month on cooling demand, while a measure of prices paid by services businesses fell to a near three-year low.Earlier this week data showed falling factory orders and soft manufacturing activity.Wall Street's recent losses in reaction to signs of a slowing economy mark a change from recent months, when investors cheered weak economic data on the basis that it might mean the Fed's interest rate hikes were working and that the Fed could ease up on its campaign to rein in decades-high inflation.\"We may have transitioned from the notion that 'bad news is good news' to 'bad new is bad news',\" said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. \"Fear about a recession is the dominant theme.\"Reflecting worries about the economy and recent turmoil in the banking sector, interest rate futures imply 61% odds that the Fed will cut interest rates from current levels by the end of its July meeting, according to CME Group's Fedwatch tool.Of the 11 S&P 500 sector indexes, seven declined, led lower by consumer discretionary, down 2.04%, followed by a 1.3% loss in industrials .Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson & Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.Artificial intelligence C3.ai Inc tumbled more than 15%, sliding for a second day after a short seller alleged accounting issues. The AI company denied the allegations in an emailed response to Reuters.FedEx Corp rose 1.5% as the freight bellwether firm said it will fold its operating divisions into one organization as it steps up efforts to cut costs and increase efficiency.Big banks including JPMorgan Chase & Co and Citigroup will be among companies kicking off March-quarter reporting season next week, with investors eager for updates on the health of the financial industry.Analysts on average expect aggregate S&P 500 company earnings for the first quarter to have fallen 5% year-over-year, according to Refinitiv I/B/E/S.Declining stocks outnumbered rising ones within the S&P 500 by a 1.2-to-one ratio.The S&P 500 posted 11 new highs and two new lows; the Nasdaq recorded 39 new highs and 269 new lows.Volume on U.S. exchanges was relatively light, with 10.1 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.","news_type":1,"symbols_score_info":{"JNJ":0.9,"FDX":0.9,".SPX":0.9,".DJI":0.9,"NVDA":0.9,"AI":0.9,".IXIC":0.9,"TSLA":0.9,"CAT":0.9}},"isVote":1,"tweetType":1,"viewCount":2364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544050,"gmtCreate":1680751252170,"gmtModify":1680752474257,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143755643647982","idStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Let's go&nbsp;","listText":"Let's go&nbsp;","text":"Let's go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544050","repostId":"2325936495","repostType":2,"isVote":1,"tweetType":1,"viewCount":2289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544386,"gmtCreate":1680751281846,"gmtModify":1680752474236,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143755643647982","idStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Congrats&nbsp;","listText":"Congrats&nbsp;","text":"Congrats","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544386","repostId":"1175096937","repostType":4,"isVote":1,"tweetType":1,"viewCount":1942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544965,"gmtCreate":1680751265258,"gmtModify":1680752474310,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143755643647982","idStr":"4143755643647982"},"themes":[],"title":"","htmlText":"OK&nbsp;","listText":"OK&nbsp;","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544965","repostId":"2325600283","repostType":2,"isVote":1,"tweetType":1,"viewCount":2249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948544135,"gmtCreate":1680751303427,"gmtModify":1680751306831,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4143755643647982","idStr":"4143755643647982"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544135","repostId":"2325365732","repostType":2,"isVote":1,"tweetType":1,"viewCount":1982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}