New York stock market takes a breather due to profit-taking listings
- Let's connect with Shinyoung Securities to find out the news on the New York stock market overnight.
- The three major New York Stock Exchange indices ended trading in a downward trend.
- The Dow fell 0.8%, and the S&P 500 and Nasdaq also fell 0.2% and 0.09%, respectively.
◀ Anchor ▶
Let’s connect with Shinyoung Securities to find out the news on the New York stock market overnight.
Caster Ahn Ye-eun, please tell me.
◀ Ye-eun Ahn/Shinyoung Securities ▶
This is Shinyoung Securities.
The three major New York Stock Exchange indices ended trading in a downward trend.
The Dow fell 0.8%, and the S&P 500 and Nasdaq also fell 0.2% and 0.09%, respectively.
The U.S. stock market, which showed an upward trend for four consecutive trading days, took a breather a day before the release of the October ‘Consumer Price Index’.
Profit-taking listings for stocks whose stock prices have risen sharply in a short period of time have also been put up for sale.
‘Tesla’, which led the Trump rally, plunged 6.1%, and ‘Trump Media & Technology’, of which President-elect Trump is the majority shareholder, also fell 8.8%.
On the other hand, ‘Nvidia’ and ‘Microsoft’ rose 2.1% and 1.2%, respectively.
Meanwhile, the ‘virtual asset’ market was hot that day, with Bitcoin continuing its strength, approaching $90,000.
These days, interest in interest rates is increasing in the U.S. market.
This is because although the Federal Reserve is lowering its benchmark interest rate, government bond yields are on the rise.
Concerns that Trump’s ‘economic stimulus policy’ may stimulate inflation are pushing up government bond yields.
The US October ‘Consumer Price Index’, which will be announced tonight our time, should be watched with interest because it is an indicator that can determine inflation pressure.
Until now, it was Shinyoung Securities.
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