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Photo = AP = Yonhap News
The New York Stock Exchange ended mixed taxes after showing a highly volatile market.
On the 26th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 30,932.37, 469.64 points (1.5%) less than the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3,811.15, 18.19 points (0.48%) less than the battlefield, and the Nasdaq index, which focused on technology stocks, closed at 13,192.34, with an increase of 72.91 points (0.56%).
The Dow Jones fell 1.8% this week, the S&P 500 fell 2.5% and the Nasdaq fell 4.9%.
Market participants watched the flow of US Treasury yields. Recently, the interest rate on 10-year US Treasuries spiked sharply, surpassing 1.6% during the intraday, increasing the anxiety of the stock market. If the interest rate rises faster, it could create a valuation burden for the overpriced technology department.
Furthermore, as the yield on government bonds outpaced the dividend yield of the S & P500 index, the attractiveness of government bonds increased and investor sentiment for equities declined. The recent rise in interest rates reflects expectations for an economic recovery, but concerns are high because the rate of increase is too steep.
On this day, the New York Stock Exchange showed fluctuations and fluctuations. The 10-year Treasury yield topped 1.52% at the beginning of the market and then fell to around 1.41%, showing a roller coaster market. The 10-year US Treasury bond rate reached 1.42% at the close of the exchange.
Additionally, stocks sensitive to the economy also showed a sluggish look, such as a sharp drop in international oil prices and a sharp drop in energy-related stocks. On this day, energy fell 2.3% by industry and financial stocks fell 1.97%. Tech stocks rose 0.6%.
The massive US stimulus package that caused inflation concerns continued as planned. Foreign media reported that the US House of Representatives plans to pass a $ 1.9 trillion stimulus package on the same day.
The economic indicators were mixed. The final value of the Michigan Consumer Attitude Index for February fell to 76.8 from 79.0, which was confirmed last month. However, it exceeded the previously announced preliminary value of 76.2 and met the market forecast of 76.8.
According to the Supply Management Association (ISM) -Chicago, the Chicago Purchasing Managers Index (PMI) for February fell to 59.5 from 63.8 last month. It was also below the expert’s estimate of 61.0. According to the Ministry of Commerce, the product balance deficit (seasonal adjustment) in January was $ 83.8 billion, an increase of 0.7% from the $ 83.2 billion in December last year. .
On the Chicago Options Exchange (CBOE), the volatility index (VIX) was 27.95, 3.25% less than the previous trading day.
Reporter Chae Seon-hee [email protected]
