[비즈니스포스트] The major indices of the New York Stock Exchange fell. It closed lower due to profit-taking pressure near its all-time high.
At the New York Stock Exchange (NYSE) on the 4th local time, the Dow Jones Industrial Average ended trading at 38,989.83, 97.55 points (0.25%) lower than the previous trading day.
▲ On the 4th, local time, the major indices of the New York stock market closed lower. The photo shows the NYSE. <연합뉴스>
The Standard & Poor’s (S&P) 500 index, centered on large-cap stocks, closed at 5,130.95, down 6.13 points (0.12%), and the Nasdaq index, centered on technology stocks, closed at 16,207.51, down 67.43 points (0.41%).
Last week, the S&P index and Nasdaq index broke all-time highs, and stock prices ended trading weakly amid pressure from the highs.
Jiyoung Han, a researcher at Kiwoom Securities, analyzed, “The U.S. stock market closed weakly due to short-term profit-taking sales due to the influence of caution ahead of Chairman Powell’s remarks, the U.S. presidential primary, and the release of the employment report.”
Investors are watching Federal Reserve Chairman Jerome Powell’s semi-annual monetary policy report scheduled for this week.
As this public statement comes ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting in March, attention is being paid to whether it can provide clues about a change in monetary policy stance.
Looking at each stock, Apple (-2.54%) stock price fell 2% on this day, putting a burden on the index. News that the European Commission imposed a fine of 1.84 billion euros (about 2.7 trillion won) worsened investor sentiment.
Tesla (-7.16%) stock price plummeted following news that shipments from its Shanghai factory in February hit the lowest since December 2022. On the other hand, NVIDIA (3.60%) stock price rose more than 3% on this day.
By industry, utilities (1.6%), materials (0.7%), and real estate (0.7%) were strong. Telecommunications (-1.5%), consumer discretionary (-1.3%), and energy (-1.1%) closed weakly. Reporter Jeong Hee-kyung
2024-03-05 00:00:11
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