Morning Report 1 May 24: Wall St spooked ahead of Fed meeting

US sharemarkets tumbled on Tuesday as investors weighed US economic data showing rising labour costs and deteriorating consumer confidence on the eve of a key US Federal Reserve policy meeting to decide the direction of interest rates. Rising US bond yields pressured rate-sensitive megacap growth stocks. Shares of Tesla, Alphabet, Nvidia, Microsoft and Amazon dipped between 1.5% and 5.6%. GE HealthCare Technologies slid 14.3% after its first-quarter revenue missed analyst estimates. McDonald's fell 0.2% after the fast-food chain missed quarterly earnings estimates as same-store sales fell short of expectations.
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[@ballaratevil6048]

Looking pretty Bad but some one is making a lot of Cash,The ones selling after manufactured pump's.

[@ballaratevil6048]

@@Swimming11 I live near the beach and it is so nice but I just walk the beach as I dont want to get wet.

[@ballaratevil6048]

@@Swimming11 Lucky I move to Adelaide 4 years ago when houses were cheap just 10 mins from the beach and on the other side the hills with so much wild life and no traffic here too.

[@blw43]

It's the machines

[@user-gk1nt6sm2z]

Yippee, bidenomics.