(Photo = Getty Image Bank)
In the New York Stock Exchange last night, the leading index ended higher to an all-time high on the US Central Bank’s (Fed) outlook that there will be no rate hike until next year.
On the 17th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 33,015.37, up 189.42 points (0.58%) from the battlefield. This is the first time the Dow index has crossed the 33,000 line.
The Standard & Poor’s (S&P) 500 index also rose 11.41 points (0.29%) to close at 3974.12, rewriting a record high. The NASDAQ index ended at 13,525.20, up 53.64 points (0.40%).
The Fed said there would be no rate hike until 2023 when the Federal Open Markets Commission (FOMC) decided to maintain zero interest rates. In addition, the increase in US GDP growth forecast this year from 4.2% to 6.5% also had a positive impact on investment sentiment.
The 10-year U.S. Treasury bond yield, which recently made the New York Stock Market unstable, also showed real signs of the Fed announcement. On this day, the 10-year Treasury bond rate, which once soared to 1.689%, the highest level since the end of January last year, fell to 1.64% after the FOMC was completed.
Seo Sang-young, a researcher at Kiwoom Securities, said, “When Jerome Powell Fed chairman mentioned that the tapering discussion period was after the actual normalization, the buying trend focused on theme stocks such as electric vehicles and solar power.” As soon as it expanded, sales were opened around the NASDAQ, and some of the gains were reduced,” he said.
Tesla, which had plunged close to 4%, ended up 3.68% after FOMC. Skywalk (0.98%), Quobo (2.22%), and Qualcomm (0.20%), which were declining at the same time, turned upward after the FOMC.
The previous day, when Samsung Electronics warned of a severe supply-demand imbalance related to chips and mentioned that the launch of a new smartphone could be delayed, the possibility of a delay in the iPhone release was highlighted and ended down 0.65%.
Renard, who announced good results, surged 13.80% on earnings improvement, but Coupa Software (-4.80%) and Smart Sheet (-3.98%), which announced the same earnings improvement, fell on the analysis that rising interest rates will control technology stock growth. .
Plugpower, a hydrogen energy company, plunged 7.90% when an accounting error was found in the cost of mergers and acquisitions (R&D) and was rewritten.
Eunji Cha, reporter Hankyung.com [email protected]
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