Wall Street slid after weak consumer confidence data

News of the day, Wednesday, June 29

Wall Street closed sharply lower yesterday amid recession fears. The S&P and Nasdaq lost about 2% and 3% respectively, with Apple, Microsoft, and Amazon losing the most.

Oil prices fell today after three days of a rally with Brent crude down 0.8%, and WTI crude down 0.6%.

H&M shares added 5.2% today after the company reported a 33% YoY jump in second-quarter pre-tax earnings.

European stocks weakened today with the DAX down 1.1%, the CAC 40 losing 0.3%, and the FTSE 100 down 0.5%.

The Dollar index is 0.1% higher today at 104.52.

Key quotes for today:           
Brent — $113.40       
WTI — $111.50    
GBP/USD — 1.2187       
EUR/USD — 1.0513      
XAU/USD — $1816.30

Author: GC
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