(Photo = Getty Image Bank)
In the New York Stock Exchange last night, the leading index ended in a mixed trend as tech stocks were hit by a rise in US Treasury yields.
On the 22nd (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,521.69, up 27.37 points (0.09%) from the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3876.50, down 30.21 points (0.77%) from the battlefield, and the Nasdaq index closed at 13,533.05, down 341.42 points (2.46%).
The 10-year U.S. Treasury bond rate rose to around 1.39% at one time during the day. It has been on a steady rise from the highest level since February of last year.
The US central bank (Fed) has repeatedly expressed its willingness to maintain a easing monetary policy, but if interest rates continue to rise, market uncertainty will inevitably increase.
Seo Sang-young, a researcher at Kiwoom Securities, said, “As US Treasury Secretary Janet Yellen suggested an increase in the capital gains tax, investment sentiment declined by increasing the likelihood of a capital departure from the US financial market. The fact that the sale was opened was a burden on the stock market,” he said.
Tesla fell 8.55% on news of the discontinuation of the basic version of Model Y and the plunge in Bitcoin. Mining sectors such as Alt Global and Riot Blockchain also plunged 19.85% and 9.21%, respectively.
As sales centered on growth stocks concentrated due to rising interest rates, other EV-related stocks such as Nio (-7.92%) and Xpeng (-7.05%), as well as the solar industry such as First Solar (-4.78%) and Sunpower (-11.20%) The theme stocks fell a lot.
Large tech stocks such as Microsoft (-2.68%), Amazon (-2.13%), and Apple (-2.98%) declined as the issue of strengthening regulations emerged.
On the other hand, financial stocks such as JPMorgan (0.94%) and BOA (1.77%) rose on the back of higher government bond yields. Travel and leisure, such as Disney (4.42%), Booking.com (2.48%), Carnival (5.61%), and Hilton (2.61%), were strong due to expectations for additional stimulus measures and mention of lifting the UK economic blockade.
Eunji Cha, reporter Hankyung.com [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution