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(Photo = Getty Image Bank)
On the New York Stock Exchange last night, the leading index rose as the rise in U.S. Treasury yields declined.
On Day 1 (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,535.51, an increase of 603.14 points (1.95%) from the battlefield.
The Standard & Poor’s (S&P) 500 Index soared 90.67 points (2.38%) to 3,901.82, and the Nasdaq Index closed at 13,588.83, up 396.48 points (3.01%).
The 10-year US Treasury rate was trading at 1.43% at the close of the stock market on the same day. The move has calmed down a bit since last week’s temporary rise of more than 1.6%.
Fed officials went on to say that rising interest rates was not a worrying phenomenon. Other factors, such as the new stimulus measures in the US and a new vaccine against coronavirus infection (Corona 19), are also favorable for the stock market.
Seo Sang-young, a researcher at Kiwoom Securities, said: “The US stock market soared due to the normalization of the economy and the stabilization of interest rates on government bonds.”
Tesla rose 6.36% when investment bank Webbush announced that the global value of the electric vehicle industry would grow rapidly from $ 250 billion last year to $ 5 trillion in 2030.
Apple skyrocketed 5.39% on the news that it had opened all of its stores in the first year after the US Apple Store shutdown began, and that the initial supply chain order for the iPhone 13 was in the 100 million unit range.
Financial stocks, such as JPMorgan (2.26%), BOA (3.11%) and Citigroup (5.56%), registered strong strength as inflationary pressures persist.
Industrial goods such as Caterpillar (1.80%) and GE (4.55%), and energy sectors such as Exxon Mobil (3.73%) showed strength as the possibility of economic normalization increased due to greater stimulus measures and greater vaccination.
Eunji Cha, Reporter Hankyung.com [email protected]
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