[속보]US New York stock market sells for profit due to surge in government bond yields Dow plunges, Nasdaq-S&P performs well

Apple 0.5%, Nvidia 3.0%, Google Alphabet 0.2%, Netflix 0.7%,
AMD rose 0.6% and Adobe rose 0.5%, while Microsoft rose 0.2%.
Amazon.com fell 0.2%, Meta 0.6%, Tesla 1.2%, ARM 1.1%.

▲The U.S. New York stock market is taking a break on the 21st (local time) as government bond yields soar and profit selling, centered on the Dow index, increases rapidly. The photo shows the interior of the New York Stock Exchange (NYSE)/provided by Yonhap News.

[소셜밸류=김완묵 기자] The New York stock market is in a correction phase due to the sharp rise in government bond yields. Last week’s hot market, which broke all-time highs day after day, seemed to have had an impact as well.

As of 3:00 p.m. on the New York Stock Exchange (NYSE) on the 21st (local time), the Dow Jones Industrial Average recorded 42,901, down 374 points (0.86%) from the previous day.

The Standard & Poor’s (S&P) 500 index is at 5,843, down 21 points (0.36%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, is at 18,481, down 7 points (0.04%) from the previous day. In addition, the Philadelphia Semiconductor Index is at 5,180, down 28 points (0.55%) from the previous day.

Major stocks include Apple up 0.5%, Nvidia 3.0%, Google’s Alphabet 0.2%, Netflix 0.7%, AMD 0.6%, and Adobe 0.5%. In comparison, Microsoft is falling 0.2%, Amazon.com 0.2%, Meta 0.6%, Tesla 1.2%, and ARM 1.1%.

On this day, U.S. Treasury yields are showing a sharp rise. As of 2:39 p.m. local time, the 10-year yield is showing 4.180%, up 0.105 percentage points (10.5 bp) from the previous day, and the 2-year note is showing 4.025%, up 0.070 percentage points (7.0 bp) from the previous day.

As of 12:38 local time, the Dow Jones Industrial Average was recording 42,958, down 317 points (0.73%) from the previous day.

The Standard & Poor’s (S&P) 500 index was at 5,839, down 24 points (0.42%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, was at 18,451, down 37 points (0.20%) from the previous day. In addition, the Philadelphia Semiconductor Index was recording 5,160, down 48 points (0.92%) from the previous day.

Major stocks included Apple up 0.5%, Nvidia up 2.2%, Google’s Alphabet up 0.1%, Netflix up 1.0%, AMD up 0.2%, and Adobe up 0.2%. In comparison, Microsoft was falling 0.7%, Amazon.com 0.4%, Meta 0.7%, Tesla 0.9%, and ARM 1.5%.

Prior to this, as of 10:30 a.m. local time, the Dow Jones Industrial Average was recording 43,141.18, down 134.73 points (0.31%) from the previous day. The Standard & Poor’s (S&P) 500 index was down 6.58 points (0.11%) from the previous day to 5,858.09, and the NASDAQ composite index centered on technology stocks was up 23.73 points (0.13%) to 18,513.28.

According to foreign media and Yonhap News, the Dow and S&P 500 indices closed at record highs last week. In addition, the Nasdaq index reached a level close to its all-time high.

This week, 20% of companies in the S&P 500 will release their management report cards. Among these, Tesla, Amazon, General Motors (GE), and Coca-Cola are included. Economic media outlet CNBC predicted, “Whether the stock market will continue its upward trend this week will depend on the report cards of these companies.”

“So far, 14% of S&P 500 companies have reported earnings, and 79% of them have exceeded market expectations,” said John Butters, an analyst at financial information provider FactSet. “But the scale of the disruption has been blunted.”

On this day, the stock price of Kenview, a consumer health company, jumped significantly, attracting attention. Kenvu, which produces Tylenol, Zyrtec, and Neutrogena, saw its stock price surge by more than 5% on the news that activist fund Starboard Value had secured a significant stake. Kenview was spun off from Johnson & Johnson last year.

Spirit, a low-cost airline that faced the possibility of filing for bankruptcy protection amid financial difficulties, is soaring on the news that it has agreed to extend the debt repayment period with US Bancorp. In other words, the stock price soared 52% as it was able to refinance $1.1 billion worth of royalty bonds maturing next year.

Boeing, the world’s largest aerospace company, saw its stock price rise by more than 2% as labor and management tentatively reached a new wage negotiation plan while the mechanic union strike continued for five weeks. The stock prices of Tesla and Amazon, which will release their earnings one after another on the 23rd and 24th, are showing weakness. NVIDIA is supporting the Nasdaq index with an upward trend of 3%.

CNBC said, “As the market has recently been on a high, investors have become optimistic about a continued rally,” adding, “However, while stock valuations are high, we also keep in mind that volatility may increase as the U.S. presidential election approaches and geopolitical risks increase. “There is,” he said.

In addition, Sam Stovall, chief investment strategist at CFRA Research, predicted, “If investors are not convinced that high-priced stocks are still valuable, profit-taking selling could occur in the near future.”

Rory Logan, president of the Federal Reserve Bank of Dallas, who made remarks on this day, said, “The U.S. economy is currently strong and stable, but uncertainty remains in the future outlook,” and added, “The Federal Reserve must gradually and carefully cut interest rates.” emphasized its position.

According to the FedWatch tool of the Chicago Derivatives Exchange Group (CME Group), the probability that the Federal Reserve will cut the benchmark interest rate by 25bp (1bp = 0.01%) in November is 91.7%, and the probability of freezing it is 8.3%.

International oil prices showed an upward trend. The price of West Texas Intermediate (WTI) crude oil for December delivery is trading at $70.13 per barrel, up 2.10% from the previous session, and the price of Brent crude oil for December delivery is trading at $74.33 per barrel, up 1.74% from the previous session.

[저작권자ⓒ 사회가치 공유 언론-소셜밸류. 무단전재-재배포 금지]