Βουτιά 300 μονάδων ο Dow

The Dow Jones lost more than 300 points on Wednesday as investors digested a slew of US economic data while reassessing the outlook for monetary policy. 

The S&P 500 and the Nasdaq 100 also turned negative, falling roughly 0.5% each, but losses were capped by softening Treasury yields which boosted appetite for tech and high-growth stocks.

 US producer prices declined in December by the most since the start of the pandemic, and a drop in retail sales exceeded estimates, reinforcing bets that the Federal Reserve will slow its aggressive tightening campaign but exacerbating worries about a recession. 

On the earnings front, United Airlines topped Wall Street’s estimates in the latest quarter due to robust travel demand. Meanwhile, Moderna jumped over 5% after saying its vaccine for the respiratory syncytial virus is effective at preventing the disease in older adults.