(New York = Yonhap News) Correspondent Oh Jin-woo of Yonhap Infomax = In the New York stock market, major indexes ended mixed tax after showing volatility while watching the rising US Treasury yield.
On the 19th (US time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended at 31,494.32, up 0.98 points (0.0%) from the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3,906.71, down 7.26 points (0.19%) from the battlefield, while the Nasdaq index, which was focused on technology stocks, rose 9.11 points (0.07%) to 13,874.46.
[제작 남궁선. 게티이미지뱅크 제공]
The Dow index rose about 0.1% this week. The S&P 500 fell about 0.7%, while the Nasdaq fell 1.6%.
The market watched US interest rate trends, stimulus measures, and key economic indicators.
The leading index showed a relatively strong uptrend at the beginning of the market.
US Treasury Secretary Janet Yellen backed the sentiment of investing in risky assets, once again emphasizing the need for massive stimulus measures.
“It is very important to push ahead with a big package to relieve (American) suffering,” said Secretary Yellen. “Doing too little will cost a lot more than doing too much.”
The Democratic Party plans to pass a $1.9 trillion stimulus bill by the end of next week in the House of Representatives.
In addition, there were reports that President Joe Biden could push forward a $3 trillion infrastructure investment bill after the stimulus was prepared.
The 10-year U.S. Treasury bond yield also showed a somewhat slowing trend at around 1.3% at the beginning of the market.
Major indices, however, fell back soon as interest rates resumed.
The 10-year Treasury bond yield exceeded 1.35% during the day.
There is great concern that a rapid rise in interest rates could pose a risk to high-growth technology companies.
The company’s good performance provided support to the market.
Semiconductor equipment maker Applied Materials recorded a net profit that exceeded market expectations, and the stock price rose more than 5.3%. It had a positive effect on the overall share price of semiconductor-related companies.
Deer, an agricultural machinery manufacturer, also climbed 10% on the back of solid earnings.
By industry, communications fell 1.07%, sluggish, and technology stocks fell 0.15%. Financial stocks rose 1.16%.
The economic indicators released that day were generally good.
According to information provider IHS Markit, the preliminary value (seasonally adjusted value) of the service industry purchasing managers’ index (PMI) in February rose from 58.3 to 58.9 from last month’s fixed value. It exceeded the market forecast of 58.0 compiled by The Wall Street Journal.
However, the manufacturing PMI was 58.5, down from the previous month’s final value of 59.2. It was slightly below the market forecast of 59.0.
The National Real Estate Brokers Association (NAR) announced that in January, existing home sales (seasonal adjustments) increased 0.6% from the previous month to an annual rate of 6.69 million units. It exceeded the expert’s estimate of 6.6 million, down 2.4%.
New York stock market experts predict that higher US interest rates could lead to a change in position.
Kiran Ganesh, a strategist at UBS Global Wells Management, said, “The biggest uptrend in the stock market over the past few months was the lack of competing assets.” I can do it.”
On the Chicago Options Exchange (CBOE), the volatility index (VIX) fell 1.96% from the previous trading day to 22.05.
Unauthorized reproduction-redistribution prohibited>
2021/02/20 06:38 sent