The Dow Jones closed at 33,947.10 points on Monday, down 1.40 per cent. The Nasdaq closed at 11,239.94 points, down 1.93 percent. The S&P index closed at 3,998.84 points, down 1.79 per cent.
First the havoc of Kovid, then the fear of recession, now the fear of this bank. Because of which more than 53 lakh crore rupees were sacrificed in America alone. This bank is none other than the US Fed Reserve, the central bank of America. About which it is being said that in the policy meeting to be held in December, Fed (Fed Policy Meet) can again take an aggressive stance in increasing interest rates.
This means that again interest rates can increase by 75 basis points. In fact, this possibility has been imposed by the American service sector. Because of which there was a tremendous decline in the US Share Market. According to foreign media reports, more than 645 billion dollars i.e. 53 lakh crore rupees were drowned from the investors’ markets.
Bloodbath in US markets
The fear of a possible interest rate hike in the Fed meeting was clearly visible in the US markets. The Dow Jones closed at 33,947.10 points on Monday, down 1.40 per cent. The Nasdaq closed at 11,239.94 points, down 1.93 percent. The S&P index closed at 3,998.84 points, down 1.79 per cent. If we talk about other foreign markets, then Hengseng is down by 0.40 percent at 19,441.18 points. Kospi is trading at 2,393.16 with a decline of 1.08 percent. London’s FTSE is also seeing a decline.
JUST IN: Over $645 billion was wiped out from the US stock market today. pic.twitter.com/gYmhR0wiC4
— Watcher.Guru (@WatcherGuru) December 5, 2022
Investors lost more than Rs 53 lakh crore
According to the tweet of watcher.guru, more than 645 billion dollars have sunk from American stock markets. If we look at it in Indian rupees, then investors have suffered a loss of more than Rs 53 lakh crore. Which is more than the GDP of Sweden, Norway and Belgium. On the other hand, Elon Musk has suffered the most from this fall. On Monday, more than $ 8 billion has been seen in his net worth. In fact, Tesla’s shares have lost more than 6 percent due to this fall.
Indian market fell nearly 1,000 points from high
On the other hand, there is a decline in the Indian stock markets as well. On December 1, the Bombay Stock Exchange’s flagship index Sensex reached a lifetime high of 63583.07 points, which has reached 62,626.36 points. This means that during this period the Sensex has seen a decline of about one thousand points. By the way, today the Sensex closed with a fall of 208.24 points. Shares of Tata Steel, Infosys, SBI and Bharti Airtel saw the biggest decline.