Concerns about rising government bond yields still remain… Nasdaq Index 1.7%↓
The major indexes of the New York Stock market turned downward in a single day after a sharp rebound. The Nasdaq Index, which is centered on technology stocks, fell 1.7% while still reflecting concerns about rising US Treasury rates.
On the 2nd (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Market closed at 31,1391.52, down 143.99p (0.46%) from the closing price of the previous trading day.
The Standard & Poor’s (S&P) 500 index fell 31.53p (0.81%) to 3870.29, and the Nasdaq composite index closed at 13358.79, down 230.04p (1.69%).
The Dow and S&P 500, which rebounded at around 2% the previous day, turned downward on the same day, and the Nasdaq index, which rose for two consecutive trading days earlier, turned downward on the same day.
The New York Stock Market, which recently weakened while conscious of the rise in US 10-year Treasury yields, rebounded sharply on the basis of the lower Treasury yields the day before, but declined again that day, showing that it has not completely escaped from anxiety about rising interest rates.
Local media reported that while the market was watching the central bank’s monetary policy, the main stock index, which rebounded sharply on Monday, fell again on the same day.
The Wall Street Journal reported that investors are focusing on central bank officials to find clues about how monetary policy will change in the future. The US stock market fell on Tuesday as investors struggled with volatility in stocks and bonds.
The media said that after the Corona 19 pandemic hit last spring, a flood of surplus funds by the Federal Reserve Board (FRB) has helped curb bond yields and has fueled a rebound in the stock market over the past year. It seemed to have stopped for a while, and currency managers analyzed that they adjusted their portfolios in anticipation of an economic recovery and a potential increase in inflation.
In particular, the recent stock market situation explained that bond prices fell last week and yields surged, leading to stock unrest. Afterwards, the bond market stabilized and the stock price surged on Monday, explaining the recent stock market situation.
Stock markets in major European countries have risen for the second day. The UK London Stock Exchange FTSE 100 index closed at 6613.75, up 0.38% from the closing price on the previous trading day, and the German Frankfurt Stock Exchange DAX Index rose 0.19% to 14,039.80.
France’s Paris CAC 40 index rose 0.29% to 5809.73, while the pan-European index Euro Stoxx 50 index closed at 3707.72, up 0.03%.
International oil prices fell, gold prices rose. On the same day, the price of West Texas crude oil (WTI) in April on the New York Commercial Exchange fell 0.89 (1.5%) per barrel to $59.75, and the price of April gold on the New York Merchandise Exchange was 1733.60, up $10.60 (0.6%) from the previous trading day. Closed the deal in dollars.
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