[뉴욕증시] Technology stocks weakened due to soaring government bond interest rates… Closing down

[뉴욕=뉴스핌] Correspondent Kim Min-jung = Major indices in the US New York stock market closed down all at once on the 18th (local time). Technology stocks weakened again as interest rates surged amid rising expectations for the US Federal Reserve’s growth and inflation (increased inflation) and interest rate freezing.

On the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended at 32,862.30, down 153.07 points (0.46%) from the previous day. It was counted. The NASDAQ composite index, centered on technology stocks, plunged 409.03 points (3.02%) and ended at 13,116.17.

The soaring government bond yields again made market participants uneasy. The government bond market reflected the Fed’s upward revision to inflation expectations in the price. The 10-year Treasury bond rate rose above 1.75% on the same day and reached the highest level since January of last year.

“Investors generally trust US stocks,” said Chris Zacharelli, chief investment officer of the Independent Advisors Alliance, and told Reuters that “the market is already one step ahead and concerned about inflation.”

Invesco’s Michael Matthews, bond fund manager, told The Wall Street Journal (WSJ) that “the market seems to have decided this morning that the Fed wants a higher risk premium to maintain such a easing policy.”

New York Stock Exchange (NYSE) trader.[사진=로이터 뉴스핌] 2021.03.19 [email protected]

Technology stocks showed a remarkable weakness. Apple fell 3.39%, while Amazon and Google’s parent company Alphabet fell 3.44% and 2.92%. Tesla was weak by 6.93%.

Piper Sandler’s Craig Johnson, technology market analyst, told CNBC that “the risk of rising rates too quickly is still a major concern.”

According to the expansion of vaccination against the novel coronavirus infection (Corona 19), the improvement in the job market has slowed despite the easing of the blockade. The U.S. Department of Labor said last week that the number of new unemployment benefits claims in the U.S. increased by 45,000 to 770,000. In particular, the number of claims for unemployment benefits in Texas, Florida, and Mississippi, where the containment measures were rapidly eased, increased markedly.

However, the manufacturing index released by the Federal Reserve Bank of Philadelphia was 51.8, the highest since 1973.

The Chicago Options Exchange (CBOE) Volatility Index (VIX), referred to as the’Wall Street Fear Index’, recorded 21.25, a 10.50% increase from the previous day.

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