(Photo = Getty Image Bank)
In the New York Stock Exchange last night, the leading index ended trading in a mixed trend with the rising US Treasury yields.
On the 8th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,802.44, up 306.14 points (0.97%) from the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3821.35, down 20.59 points (0.54%) from the battlefield, and the Nasdaq index closed at 12,609.16, down 310.99 points (2.41%).
The US Senate passed a $1.9 trillion stimulus package over the weekend. If the bill is passed in the House of Representatives this week and signed by President Joe Biden, the stimulus package will come into effect.
The anticipation of economic recovery following the super-large stimulus has revitalized economically sensitive stocks. On the other hand, stimulus measures also raised interest rates on US Treasury bonds. The 10-year US Treasury bond rate rose to around 1.6% on the same day.
Seo Sang-young, a researcher at Kiwoom Securities, said, “The US stock market showed a mixed trend due to the inflow of sales due to the increase in purchase and interest rates due to economic stimulus measures.” While this was strong, large technology stocks, semiconductors, electric vehicles, and solar-related stocks are characterized by sluggish differentiation.”
When Apple announced that it would discontinue its iMAC Pro, which was released in December 2017, it fell 4.17%. Not only Alphabet (-4.27%), which had been showing a solid appearance even in the sluggish market, but also large technology stocks such as Facebook (-3.39%) and MS (-1.82%) were sluggish.
Semiconductor sectors such as Micron (-4.36%), Qualcomm (-5.05%), and AMAT (-6.85%) also fell sharply. Tesla, which had continued sluggish sales and sales openings, also closed down 5.84%.
On the other hand, financial stocks such as JPMorgan (1.33%) and Citigroup (2.83%) showed strong strength due to rising interest rates. Industrial goods such as Caterpillar (0.64%) and GE (4.19%) also rose.
Travel and aviation sectors such as Booking.com (2.67%), Carnival (2.30%), and Delta Air Lines (3.61%) showed strong strength in anticipation of economic normalization following additional stimulus measures.
Eunji Cha, reporter Hankyung.com [email protected]
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