Nasdaq is down and everyone is fleeing from FANG companies

US indices traded mixed yesterday, which is definitely a cause for concern. Technological Nasdaq Composite and Nasdaq 100 continued with their decline after new record highs reached, while Dow Jones rose.
The Nasdaq 100 Index declined for the first time in five days, with investors dumping and selling shares in the FANG group and targeting the stocks of the banking companies.
Interest rates on 10-year US bonds continue to keep below the psychological limit of 3%, but according to market observers the expected almost 100% rise in interest rates in June begins to weigh above the market and indices.
The Stoxx Europe 600 Index returned its earlier earnings yesterday after disappointing factory orders in Germany. The euro appreciated as a result of rising expectations for the end of monetary stimulus in the euro area.

Shock sale for US indices - Dow loses more than 660 points

Yesterday was extremely heavy for investors on US stock markets. The blue-chip index Dow Jones Industrial Average lost the devilish 666 points in its largest decline since June 2016.
The broad S&P 500 Index fell 2.1 percent to 2 761.91 points, or its lowest level since January 10. The European Stoxx Europe 600 reduced its value by 1.4%, bringing its weekly loss to 3.1%.
The rise in interest rates on US bonds, owing to expectations of further interest rates in the world's largest economy, largely predetermined the decline.
Investors had no place to hide in the stock market, as the 11 major sectors of the S&P 500 index declined. The five-day fall in the broad index took 3.9% of its value, the first such drop from a record 404 days. Energy companies lost 4.1% after the results of companies in the sector continue to disappoint, the price of oil has fallen.
Sales of technology companies declined, with the Nasdaq 100 Index down 2.1%. For the week, the index fell by 3.7%, or the most since February of 2006. Even the record price appreciation of Amazon.com Inc. could not soften the indicator's cut. It's at its lowest levels since October.

Optimism on the stock markets in Europe and the US the day before Fed's decision

European markets led by Italian shares ended with raise and overseas indexes are on their way to new highs in anticipation of the Fed's decision on interest rates in the US.
   
European shares rose to 11-month high on Tuesday as a major factor for this was the Italian shares and more accurate - UniCredit, which present a plan for restructuring and reform. European Stoxx 600 index added 1.06 percent and reached 357.50, making it the best price from January this year. This occurs after the beginning of the week the index lost 0.5%.
Italian banking sector added 5.83%, while shares of UniCredit achieved a growth of 15.92 percent, after it became clear that the bank would cut 6500 employees by 2019 and that they will start selling stocks and bonds. This was welcomed by the markets in anticipation of stabilizing the bank. The market capitalization of the bank is worth 15 billion euros.
In the UK, FTSE 100 climbed by 1.13% to 6968, which is the highest level for six weeks. The main reason for growth also was the banking sector, which managed to prevail over the loss of the energy sector.
Overseas investors are about to find out whether Dow Jones will overcome the psychological level of 20 000. On Tuesday the index added new 114 points and climbed to 19,911 after reaching a peak for the day of 19 953. SP500 added 15 points to 2272, as 9 of the 11 sectors finished at plus. The tech Nasdaq added 59 points to 5471.