[Mercado de EE. UU.]Stocks Rise, Risk Appetite Buys Again on Falling Hi-Tech Dollar

The US stock market rose on the 9th. The risk appetite mood has returned to the market, and the Nasdaq-100 index has risen sharply since November last year due to economic buying. US Treasuries rose after the three-year bond auction.

Fitness equipment maker Peloton Interactive is up 14% and momentum is back to home-related winners. These stocks have been rejected these days as vaccination progresses and additional economic measures worth 1.9 trillion dollars are nearing completion. On this day alone, the turnover from growth stocks to value stocks appears to have reversed significantly. Tesla’s price has risen 20%, the highest in about a year.

The S&P 500 index was 3875.44, 1.4% more than the previous day. The Dow Jones Industrial Average rose $ 30.30 (0.1%) to $ 31,832.74. The Nasdaq Composite Index was up 3.7%.

Chris Larkin, managing director of trading and investment products at E-Trade Financial, said: “Forget that less than a year ago, one of the biggest negative macro events in the history of the market was interpreted as a buying opportunity. Signals by hand, there’s little reason to think it’s different this time. ” “It’s no wonder the Nasdaq is rising that day. Fundamentals are supporting the continuation of the bull market,” he said.

US Treasury prices have risen and yields have fallen from recent highs. At 4:59 pm New York time, 10-year bond yields fell 6 basis points (bp, 1 bp = 0.01%) to 1.53%.

In the currency market, the dollar is totally weak against the top 10 currencies. Risk assets were bought back and the long-term move in dollars to take profit.

The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the top 10 currencies, fell 0.6%. The dollar is down 0.4% against the yen to $ 1 = 108.48 yen. The euro is up 0.5% against the dollar to 1 euro = $ 1.1901.

New York crude oil futures prices continue to fall. Technical indicators showed that the rise in crude prices was too high and the pace was too fast. Crude oil prices have risen above the Bollinger band limit last week and are showing signs of falling soon.

The April West Texas Intermediate (WTI) futures contract on the New York Mercantile Exchange (NYMEX) ends at $ 64.01 a barrel, down $ 1.04 (1.6%). The May contract for Brent North Sea at London ICE dropped 72 cents to $ 67.52.