Monthly Archives - October 2022

Semiconductors weigh on Nasdaq: All eyes on US reporting season

11 Oct 2022 - Stocks declined on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares, which are sensitive to interest rate hikes, continue to be the hardest hit in this bear market. Shares of semiconductor companies fell overnight, with the industry selling off globally after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concern that the industry's downturn is...

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Jobs report points to further US rate rises: Semiconductor sector hit hardest

10 Oct 2022 - Stocks fell Friday as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates concern. The unemployment rate came in at 3.5 per cent, down from the 3.7 per cent in the previous month in a sign that the jobs picture continues to strengthen even as the Federal Reserve tries to slow the economy with rate hikes to stem inflation.

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