NASDAQ down 1.04%… The lowest level in 2 years

As the United States earned the interest rate hike, the NASDAQ overall fell to the lowest level in two years.

According to CNBC on the 10th (local time), the NASDAQ index fell to the lowest level in two years due to the increase in interest rates.

NASDAQ

The NASDAQ index closed at 10542.10, down 1.04%, with the lowest level since July 2020. NVIDIA and AMD, which are related to semiconductor stocks, had a significant impact.

The Standard & Poor's 500 Index also closed at 3612.39, down 0.75% from the previous trading day, and 29202.88, down 0.32%.

The Nasdaq index's loss is currently over 32%. The S & P 500 fell by more than 24% in 2022.

JP Morgan Jamie Damian chief executive (CEO) warned that the US is likely to fall into the economic downturn in 2023, and it may not be a light economic shrink, as some economists predicted.

Meanwhile, vice chairman of the Federal Reserve Preparation System in the United States said, The impact of monetary tightening on the economy is faster than expected.

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