Treasury yields rise, employment indicators are sluggish…S&P500 index falls
Technology stocks such as Amazon and Google’weak’ vs. Semiconductor stocks such as Micron’
[초이스경제 이영란 기자] On the 19th (U.S. time), the three major indexes of the New York Stock Market closed mixed in a narrow range within the consolidation zone. Despite remarks by Finance Minister Janet Yellen on stimulus measures, the rise in US Treasury yields and poor employment indicators caught the US stock market. Shares of major technology stocks such as Amazon and Google and Tesla have fallen, while US semiconductor stocks have risen significantly.
According to the New York Stock Exchange, the Dow Jones index, centered on high-quality stocks, rose 0.98 points (0.003%) compared to the previous day, to 31,1494.32, and the NASDAQ index, mainly on technology stocks, rose 9.11 points (0.07%) to 13,874.46. Recorded. The large-cap S&P500 index closed 7.26 points (0.19%) to 3906.72. In addition to the three indices, the Russell 2000 Index, which is centered on small and medium-cap stocks, jumped 48.30 points (2.18%) to 2266.69.
US economic broadcaster CNBC said, “All three indices started rising in anticipation of stimulus, but among some variables, the index ended in a consolidation zone.”
According to this broadcast, Minister Yellen said in an interview with CNBC that “a large-scale Corona 19 additional stimulus plan is absolutely necessary,” and “if the stimulus is passed, the US economy may reach full employment next year.”
However, amid movements such as the 10-year US Treasury bond rate rising to 1.35% during the day, the index returned most of the gains at the last minute.
The number of weekly unemployment insurance claims in the United States recorded 861,000 (seasonal adjustment), an increase of 13,000 from the previous week. It has increased to the highest level in the last month. The Wall Street Journal expert’s estimate (773,000) was also higher.
According to CNBC, among the 11 S&P sectors in the New York Stock Market, materials (+1.83%), energy (+1.65%), industrial goods (+1.61%), finance (1.15%) rose, while utilities (-1.50%) and consumer staples (1.15%) rose. -1.23%), healthcare (-1.14%), and communication services (-1.07%) fell.
US semiconductor stocks laughed wide at the news of some companies improving their earnings. Applied Materials surged 5.32% after announcing good results, Ram Research (+3.57%), NVIDIA (+0.66%), AMD (+1.06%), Micron Technology (+2.74%), Intel (+2.27%), Texas Instruments (+1.04%) and others rose. The Philadelphia Semiconductor Index jumped 2.44%.
Share prices of major technology stock groups have diverged. Among FAANG (Facebook, Apple, Amazon, Netflix, Google), Apple (+0.12%) rose, but Facebook (-2.91%), Amazon (-2.35%), Netflix (-1.46%), Google’s parent company Alphabet A (-0.81%) and others fell. In another technology stock group, MAGAT (Microsoft, Apple, Google, Amazon, Tesla), Microsoft fell 1.16% and Tesla stock price fell 0.77%.
Share prices of major consumer goods also showed mixed trend. Costco (-0.60%), Coca-Cola (-1.30%), and McDonald’s (-1.48%) fell, while Wal-Mart rose 0.49%. In addition, the stock price of Zoom Video fell 0.16%, and PepsiCo (-2.11%) and Johnson & Johnson (-1.67%) also fell. Walt Disney shares rose 0.36%.
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