Market close recap

Europe closed lower ▼ (Down)

• 🇩🇪

  DAX

  ^GDAXI

  25,818

  ▼ 0.85%

  Down
• 🇫🇷

  CAC 40

  ^FCHI

  7,969

  ▼ 0.01%

  Down
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,131

  ▼ 1.22%

  Down

Wall Street closed lower ▼ (Down)

• 🇺🇸

  Nasdaq 100

  ^NDX

  28,385

  ▼ 3.46%

  Down
• 🇺🇸

  S&P 500

  ^GSPC

  7,580

  ▼ 1.82%

  Down
• 🇺🇸

  Dow Jones

  ^DJI

  51,770

  ▼ 1.09%

  Down

1. 1.

   US stocks closed lower as a tech rout hit hard. The S&P 500 fell 1.82% to 7,580.07 and the Nasdaq 100 dropped 3.46%, while the Dow lost 1.09%. Defensive sectors held up better.

   Source: cnbc.com

2. 2.

   Amazon missed both revenue and earnings expectations, adding to pressure on large technology names while investors weighed weak earnings across the sector.

   • $AMZN

   Source: news.google.com

3. 3.

   The Fed held rates steady, but some officials now see further hikes coming soon. The US 10-year Treasury yield ended at 4.93%, keeping pressure on valuations.

   Source: marketwatch.com

4. 4.

   Brent crude rose 1.38% to 112.33 after Iran's navy said four tankers caught fire in the Strait of Hormuz. The US also ordered non-emergency staff to leave Saudi Arabia over security risks.

   Source: news.google.com

5. 5.

   Gold slid to its lowest level in a year despite renewed Iran tensions. Europe closed mixed to lower, with the DAX down 0.85%, while in Asia the Nikkei fell 2.12% and the Hang Seng rose 0.86%.

   Source: marketwatch.com