Here is a summary of the Bull Sheet website, a direct email about what is happening in the markets. Sign up to have it sent to your email for free. Good evening, Bull Sheeters. While Bernhard is on vacation, Fortune finance correspondent Rey Mashayekhi is filling in a special PM feature of the newspaper. After the lockout, three of the world’s largest IT businesses — and the largest companies in general — opened their records to the public. However, it is a hot day for global markets in general, with the end of the US market and the worsening of China technology sales.
Markets in New York City sank for the first time in nearly a week, with all three major indicators pulling back from Monday’s record highs. The S&P 500 fell -0.5%, the Dow traded -0.2%, and the Nasdaq traded -1.2%. Goldman Sachs joins crypto craze ETF, has filed an application with the SEC to launch a public-funded deal targeting crypto-related companies. The OCC, the country’s top bank regulator, has created a new environment to ensure that major banks are managing the risk of climate change.
Asian markets had a mixed Tuesday, with those outside China fairing well; Nikkei of Tokyo rose 0.5% and South Korea Kospi rose 0.2%. But Chinese markets continue to roll from Beijing’s loss on the private sector, with technology markets leading Hong Kong’s Hang Seng -4.2%. On mainland China, Shanghai’s SSE and Shenzhen’s SZSE Component lost -2.5% and -3.7%, respectively. Investors are retreating from Chinese stocks amid regulatory fears. Kannada stocks saw $ 2.6 billion in flows through the first two days of this week, with Cathie Wood’s ARK Invest among those stocks. Private equity and capital investors are also fleeing.
Hello Group provider of support Group Hello is withdrawing its US position amid increasing scrutiny of Kannada companies listed on U.S. exchanges. The IMF has cut its economic growth forecast for Asia this year amid COVID-19 cases and flu vaccines. After Monday’s surprise rally, Bitcoin is now hovering around $ 39,000. All eyes were on Cupertino, Mountain View, and Redmond on Tuesday, as Apple, parent company Google Alphabet, and Microsoft reported their quarterly results after the market closed. Here are some highlights from what showcased a quarter bumper for all three technology giants: