[New York, 13th Reuters]–The US stock market has risen and closed. While the signs of inflation peaking out are reassuring, there are also smoldering concerns that the Fed’s tightening of monetary policy will lead to a recession in the US economy.
On the 13th, large-scale high-tech stocks that had been sold in the last few days led the rise.
However, in the week, 500 kinds of S & P and Nasdaq composite are cheap for 6 consecutive weeks. The S & P 500 was the longest drop since the fall of 2012 and the Nasdaq since the spring of 2011.
The 30 Dow Jones Industrial Averages have fallen for seven consecutive weeks, the longest since the winter of 1980.
Oliver Persh, senior vice president of Wealth Spyer Advisors, said the rise on the 13th could be a temporary backlash from a sharp downturn or a reaction to oversold. It’s no wonder that it lasts for two weeks, but we need to disregard economic indicators to see the downside of the market. Today, some of the best-selling stocks have rebounded sharply. “
The U.S. Department of Labor has released wage growth, the Consumer Price Index (CPI), the Wholesale Price Index (PPI) and import prices over the past six business days, suggesting that inflation peaked in March. This was welcome news for market participants who were worried that the Fed would raise rates in response to inflation, causing the US economy to fall into recession.
Fed Chairman Jerome Powell emphasized in an interview on a radio program on the 12th that price stability is the basis of the economy, and the public understands that the Fed’s rate hike to avoid the worst situation of accelerating inflation will cause “some pain”. Asked.
Peter Taz, president of Chase Investment Counsel, said Powell “showed humility and seriousness at the same time.” “We are committed to controlling inflation while admitting that it is a bit painful,” he said.
All 11 major sectors of S & P500 are up. Consumer goods rose 4.1%, the highest rate of increase.
Of the S & P 500 constituents, 458 companies announced their first quarter financial results. According to Refinitiv, 78% of them exceeded market expectations.
Analysts forecast profit growth in the first quarter by 11.1% year-on-year. It was up 6.4% at the end of the first quarter.
Twitter is 9.7% cheaper for individual stocks. Tesla CEO Elon Musk said yesterday that he has temporarily put the Twitter acquisition agreement on hold until more information about spam and fake accounts is available.
Tesla’s share price rose 5.7%.
Robinhood Markets, a financial services platform, is up 24.9%. Sam Bankman-Fried, founder and CEO of cryptocurrency exchange FTX, has announced that it holds a 7.6% stake in Robinhood.
Oil and gas giant Occidental Petroleum rose 8.2%. The material was an additional purchase of Occidental shares by Berkshire Hathaway, an investment company led by renowned investor Warren Buffett.
On the New York Stock Exchange, the number of rising stocks exceeded the number of falling stocks by a ratio of 3.73: 1. In NASDAQ, the number of stocks that increased by 2.91 to 1 was large.
The combined trading volume of the US exchange is 13.32 billion shares. The average of the last 20 business days is 13.17 billion shares.
Closed price% compared to the previous day Open price High price Low price code
Dow Jones Industrial Average 32196.66 +466.36 +1.47 31963.8 32276. 31862.
6 05 79
Previous business day closing price 31730.30
Nasdaq Composite 11805.00 +434.04 +3.82 11555.9 11856. 11510.
8 71 26
Previous business day closing price 11370.96
S&P 500 types 4023.89 +93.81 +2.39 3963.90 4038.8 3963.9
8 0
Previous business day closing price 3930.08
Dow Jones Transportation Average 14456.41 +136.14 +0.95
Dow Jones Utility Average 992.74 +9.90 +1.01
Philadelphia Semiconductor 2970.37 +143.16 +5.06
VIX Index 28.87 -2.90 -9.13
S&P general consumption goods 1187.30 +46.75 +4.10
S&P material 517.80 +7.82 +1.53
S&P Industries 786.26 +9.60 +1.24
S&P consumer staples 802.00 +11.24 +1.42
S&P Financial 556.31 +7.51 +1.37
S&P Real Estate 269.54 +6.71 +2.55
S & P Energy 612.25 +20.04 +3.38
S & P Healthcare 1497.40 +15.60 +1.05
S & P communication service 199.81 +4.90 +2.51
S&P Intelligence Technology 2375.29 +79.10 +3.44
S&P Public Goods 361.51 +3.91 +1.09
NYSE came out with 1.165 billion plants
Chicago Nikkei Futures June Contract Dollar Denominated 26695 + 305 Osaka Ratio
Chicago Nikkei Futures June Contract Yen-denominated 26675 + 285 Osaka Ratio
