U.S. stock indices are declining at the start of the trading session on Monday, April 11. Markets are under pressure from both hawkish plans of the U.S. Federal Reserve on the background of record inflation, and the activation of new covenant restrictions in the Middle Kingdom, reports CNBC.
Technology stocks, led by the Nasdaq, which is down 1.5%, are leading the drop in indexes. The S&P500 broad market index is trading down 0.95%. The Dow Jones is losing only 0.4% due to positivity in consumer stocks Amgen (AMGN) +2.16%, Merck (MRK) +1.93% and Walgreens Boots Alliance (WBA) +1.3%.
Oil price tags also began the new week with a decline in value. Futures contracts for major oil benchmarks are losing about 4%. West Texas Intermediate (WTI) is trading around $94.50 a barrel and North Sea Brent around $99.
Photo: CNBC
