Global Market Trend As Of June 17th, 2022

Tesla shares are down more than 3% in premarket trading on reports the electric automaker is raising prices significantly across its entire lineup with some models going up by as much as $6,000, according to Electrek.

Analyst Views
U.S. equity futures fell Thursday morning as the post-Fed decision relief rally paused. The major futures indexes suggest a drop of nearly 2.00%, or more than 500 Dow points when the opening bell rings.

The S&P 500 retreated to 3,666.77 for its sixth decline in the past seven trading sessions. All but 3% of stocks in the index fell. The S&P 500 is 23.6% below its Jan. 3 record. That erases gains from 2021, one of Wall Street's best years this century.

The Dow Jones Industrial Average lost 2.4% to 3,666.77. The Nasdaq dropped 4.1% to 10,646.10.

Treasury yields, the yield on the 10-year Treasury pulled back on Thursday to 3.44% from 3.48%.

Commodities, Oil prices turned choppy Thursday morning following a steep drop in the previous session, supported by tight oil supply and peak summer consumption.

U.S. West Texas Intermediate (WTI) crude futures traded at $114 a barrel. Brent crude futures traded at $118 a barrel.

The Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.

 Twitter, Among Thursday's events, Tesla and SpaceX founder Elon Musk will talk to Twitter employees at a company town hall for the first time since he reached a deal in April to purchase the social media giant for $44 billion. 

Shares of Apple are taking a hit in remarket trading, down nearly 3%.

Bitcoin traded above $21,000 and enters Thursday on a nine-day losing streak.