[Reuters]–The US stock market has continued to fall and closed. While the Nasdaq Composite entered the adjustment phase due to the decline from the beginning of the year, some low-priced purchases were seen, but it turned to a decline toward the end of the year.
Major stock indexes have been in the positive territory almost all day, following a sharp drop this week.
The Nasdaq entered the adjustment phase on the 19th, dropping more than 10% from the highest closing price set in November last year. On the 20th, it closed at the lowest price since June last year, falling below the highest price by about 12%.
“There seems to be no certainty (in the market),” said Randy Frederick, vice president of trading derivatives at Charles Schwab.
This year’s US stocks are hurt by growth stocks, especially high-tech, as US Treasury yields skyrocket due to concerns that the Federal Reserve may be more aggressive in responding to inflation. The market has made a difficult start. The total number of S & P 500 species has fallen by about 6% since the beginning of the year.
“January is likely to be a difficult time,” said Peter Taz, president of Chase Investment Counsel. “Valuations are high, interest rates are rising, and the outlook is uncertain. It’s increasing. “
Of the 11 major S & P 500 sectors, 10 sectors closed in the negative territory, with consumer goods falling 1.9%. Utilities barely rose 0.1%.
For individual brands, fitness equipment Peloton Interactive plummeted by about 24%. I was disgusted by the news that production of some products would be suspended due to reduced demand and cost control.
Netflix fell sharply in after-hours trading after closing. The number of new subscribers in the fourth quarter of last year was lower than the market expectation, and the outlook was weaker than expected earlier this year.
On the other hand, insurance giant Travelers recorded a record high in quarterly profits, and its stock price rose 3.2%.
Baker Hughes, an oil service company, also liked the financial results and rose 1.6%.
On the New York Stock Exchange, the number of falling stocks exceeded the number of rising stocks by a ratio of 2.75: 1. In NASDAQ, the number of stocks that dropped by 2.39 to 1 was large.
The combined trading volume of the US exchange is about 11.9 billion shares. The average of the last 20 business days is 10.1 billion shares.
Closed price% compared to the previous day Open price High price Low price code
Dow Jones Industrial Average 34715.39 -313.26 -0.89 35102.66 35490.20 34670.12
Previous business day closing price 35028.65
Nasdaq Composite 14154.02 -186.24 -1.30 14462.85 14642.03 14140.78
Previous business day closing price 14340.26
S & P 500 types 4482.73 -50.03 -1.10 4547.35 4602.11 4477.95
Previous business day closing price 4532.76
Dow Jones Transportation Average 15521.64 -66.44 -0.43
Dow Jones Utility Average 945.60 +1.04 +0.11
Philadelphia Semiconductor 3494.75 -117.44 -3.25
VIX 25.59 +1.74 +7.30
S&P general consumption goods 1459.92 -28.92 -1.94
S&P material 541.46 -7.87 -1.43
S&P Industries 863.97 -10.83 -1.24
S&P major consumer goods 791.89 -5.78 -0.72
S&P Finance 648.48 -4.08 -0.62
S & P Real Estate 294.08 -2.72 -0.91
S & P Energy 486.31 -4.41 -0.90
S & P Healthcare 1525.63 -8.94 -0.58
S & P communication service 253.05 -2.91 -1.14
S&P Intelligence Technology 2761.65 -37.23 -1.33
S&P Public Goods 350.69 +0.50 +0.14
NYSE trading volume 101,800 million shares
Chicago Nikkei Futures March Contract Dollar Denominated 27525 –265 Compared to Osaka
Chicago Nikkei Futures March Contract Yen-denominated 27500 –290 Compared to Osaka