Amid the backdrop of high interest rates, the stock prices of many companies have come under pressure☕
Under the influence of high interest rates, interest rate-sensitive stocks and consumer goods sectors once again led the stock market decline. Among them, Tesla lowered its profit expectations on the grounds that rising interest rates affected demand, and Musk also admitted that he was uncertain about future prospects, leading to The share price fell sharply. In addition, private equity giant Blackstone also fell 8% as rising interest rates and tighter credit conditions led to fewer transactions and worse investment returns, while Discover Financials suffered higher loan write-off losses (because of high interest rates) As a result, Zions Bancorp reported losses related to office loans and its stock price fell 10%. It seems that the problem of rising capital costs is finally beginning to be reflected in the real economy.
