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The decline isn't across the markets - its mainly in tech - commodities, especially oil are surging.

Yellen was only commenting - not acting - big difference - the tech market will stabilise - certainly no need to sell.

Comments by Yellen in the US regarding increasing interest rates to combat an over heating US economy caused the slide.
Tech companies are very sensitive to increased interest rates - NASDAQ fell heavily.
Hopefully a storm in a teacup - only comments, not action.

Thank you e121 - I understand now.

Thanks WolfofWarks - got that now.

Main reason for the extent of the fall was Yellen comments that interest rates may have to rise to stop US economy overheating - hence the fall, especially in the NADSAQ - tech companies borrow heavily.

NASDAQ is currently down 2.28% and still trading.

Main reason for the fall was Yellen comments that interest rates may have to rise to stop US economy overheating - hence the fall, especially in the NADSAQ - tech companies borrow heavily.

Reason for the fall was Yellen comments that interest rates may have to rise to stop US economy overheating - hence the fall in the NADSAQ - tech companies borrow heavily.

Not quite sure why the market fell this afternoon but seems to be something to do with the NASDAQ.
ENQ fared quite well compared to the rest, so hopefully it will be back over 18p in the morning.

Maybe a tad cautious ZaraSummer?

Possibly triggered by Ballard yesterday?

https://www.investors.com/news/bldp-stock-ballard-power-earings-q1-2021/

Valueplay
You are partly missing the point - even if demand fell to pre-lockdown levels the market potential for online is still huge and with Ocado Solutions offering the best option there will be plenty of demand for their services.
The market, as always, is seeing problems that don't exist for Ocado - buy on the dips.

One important point to remember -

Ocado's retail partners are not reliant on online sales staying at the same levels as 2020 - in fact those levels were unsustainable and a drain on profits.

With the exception of the UK, they are all new ventures finding their own market and light years from saturating that market. Even in the UK, Ocado Retail has a long way to go to achieve anything like market saturation. Its difficult to establish a new market if demand is such, that you have to turn away customers and offer poor customer service.

The decisions that matter to Ocado Solutions will come from new and existing customers who will undoubtedly want to continue to develop their online presence.

So, actually any short term decline in sales to adjust to the ending of the pandemic is more or less irreverent and allows a breathing space for the business development.

One good news RNS will propel the SP northwards again - just hold an wait - as stated before OCDO is a long term hold - nothing more, nothing less - all others get burnt eventually - just top slice for profit at the right time and buy in the dips.

Be careful monkey - green spuds will give you guts ache!

The SP looks positive again this morning, continuing the upward trend that started from the two month low last Wednesday.

Brent is also challenging the March highs and with Covid declining in the US and Europe is moving ever closer to $70.

So, two green lights - Enquest is a strong buy - get in before the crowd.

Yes, the big four will be pleased if online sales from them fall - remember online sales for them are simply an extra cost - it would be much better from their point of view if they could put the online genie back in the bottle - elderly shoppers who used online as a lifeline during the pandemic may return to stores but most shoppers have seen the light and will now look for the superior service and range that they can only get from Ocado Retail.

These small stores would need an identity all of their own, M&S would need all their retail skills to make them distinctive with a friendly atmosphere based on customer service with access to everything on offer from M&S via click and collect and in store ordering.

Farxiga gets approval in the US to treat Chronic Kidney Disease - AZN statement says this is the biggest breakthrough in treating the disease for 20 years - 37 million people in the US have chronic kidney disease.

https://www.lse.co.uk/news/AZN/astrazeneca-hails-progress-on-chronic-kidney-disease-with-us-approval-luw219b31xqrz9k.html

Back to topic, with this cut and paste from Platts Analytics, it makes holding oil shares - especially undervalued ones such as Enquest that will have a bigger bounce - an absolute must this Autumn.

"Capacity concerns
In the meantime, as OPEC+ starts to raise output to meet growing oil demand, the amount of spare production capacity in the system begins to dwindle.
Platts Analytics sees the amount of crude that can be sustainably produced at short notice halving by September to less than 4 million b/d, with most of that left in the hands of Saudi Arabia.
While global spare capacity has over the past decade averaged close to 2 million b/d, according to Platts Analytics calculations, attacks on Saudi Arabia oil facilities become a bigger risk factor when oil buffers are reduced."

No doubt our own war corespondent gkb, will be on full alert for a blow by blow account as the missiles rain down on Aramco refineries.

The Chinese are also trying to make carbon capture a reality in coal fired power stations.
This project in Australia, in association with Glencore has just been announced.
Chinese coal fired power stations are a major source of CO2 emissions, fired by Australian coal supplied by Glencore, so the pressure is on to get results.

https://www.spglobal.com/platts/en/market-insights/latest-news/coal/041221-glencore-china-huaneng-sign-deal-to-fit-carbon-capture-to-australian-coal-plant