US OPEN: Wall Street loses after NFP report

Wall Street loses after NFP report
AMD and Levi Strauss cut earnings forecasts

The last trading session on Wall Street this week brings declines in all stock market benchmarks, which reacted poorly to the good NFP data.

Wall Street index quotes. Source: xStation 5

Juxtaposed charts of the US500 and VIX index on the D1 interval. At the start of today's trading session, the benchmark S&P500 is losing nearly 1.63%, while the VIX is gaining 1.81%. Source: xStation 5

News:

U.S. chipmaker Advanced Micro Devices (AMD.US) warned investors of a revenue decline in Q3 2022 due to weaker PC market demand and worsening supply chain problems. The company lowered forecasts, with shares already down nearly 6% before the open.
Levi Strauss (LEVI.US) also lowered its earnings forecast, seeing risks in rising costs, logistics problems and a strong US dollar.

News from companies in the S&P500 (US500) index. Source: Bloomberg

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US OPEN: Wall Street loses after NFP report

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