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Photographer: Xinhua News Agency / Xinhua News Agency
Photographer: Xinhua News Agency / Xinhua News Agency
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The US stock market fell sharply on the 25th. Sales rose primarily in technology stocks. Bond sales have intensified around the world and the yield on the 10-year US Treasury has reached its highest level in a year.
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The Nasdaq 100 Index, which focuses on high-tech stocks, fell 3.6%, the steepest drop since October last year. The rotation of the winning stocks in the new coronavirus epidemic to the stocks that will benefit from the end of the lockdown has progressed. The increase / decrease rate of the S&P 500 stock index is approximately 1:10.
Ark Investment Management’s flagship exchange-traded fund (ETF) Ark Innovation ETF, led by Cathie Wood, continues to decline, up 15% on a weekly basis. Meanwhile, stocks popular with individual investors rose again and GameStop closed up 19%. At one point, there was a scene where it doubled up.
The S&P 500 species are 3829.34, 2.5% less than the previous day. The Dow Jones Industrial Average is $ 559.85 (1.8%) cheaper at $ 31,402.01. The Nasdaq Composite Index fell 3.5%.
As of 4:59 pm New York time, the US Treasury yield has risen 15 basis points (bps, 1 bps = 0.01%) to 1.52%. At one point, it was up 23 bp to 1.6%, the highest level since February last year. Mortgage-backed securities (MBS) investors are selling US Treasuries in response to these. increasing returnsHe was forced to stimulate higher yields.
“It all starts with interest rates,” said Randy Frederick, vice president of derivatives trading at the Schwab Center for Financial Research. Tech stocks said: “We have performed relatively well so far. As we lead on the upside, we are likely to lead on the downside.”
The dollar is rising in the currency market. The dollar index rose sharply for the first time in nearly a month as dollar buying became active against the backdrop of the sharp rise in US 10-year bond yields. Resource-rich currencies weakened as risk appetite waned.
The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the top 10 currencies, rose 0.6%. The dollar is 0.3% higher than the yen and the dollar is 106.21 yen. The euro was up 0.1% against the dollar at $ 1.2175.
New York crude oil futures prices continue to grow. There is a widespread belief that global crude oil inventories will decline rapidly, reaching their highest level in the last year or so. The April West Texas Intermediate (WTI) futures contract on the New York Mercantile Exchange (NYMEX) ends at $ 63.53 a barrel, an increase of 31 cents (0.5%). The April contract for Brent North Sea in London ICE was down 16 cents to $ 66.88.
“For the summer, travelers who were unable to take pleasure trips have been vaccinated,” said Jay Hatfield, chief executive of Infrastructure Cap, which is expected to drive the recovery in demand. US crude oil production is likely to continue to be restricted, saying that “supply will not react as it did in the past.”
The spot market for gold continued to decline and, at 2:56 pm New York time, was 1.6% lower than the previous day. Yields on US Treasuries continue to rise, and the attractiveness of interest-bearing gold investment is waning. The April contract for gold futures on the New York Stock Exchange (COMEX) ends at $ 1,775.40, down 1.3% at 1 ounce.
Original title:Technology Leads US Stocks Down As Bond Yields Soar: Markets Close （抜 粋）
Dollar Rises Higher On Month As US Yields Soar: Inside G-10 （抜 粋）
Oil reaches its highest level in more than a year with the depletion of world supply （抜 粋）
Gold extends slide with rising yields slowing metal’s appeal （抜 粋）
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