[Reuters]–The US stock market has continued to grow and ended. With signs of a slowdown and falling commodity prices, the Federal Reserve may not raise rates as aggressively as expected, leading to a wide range of stocks. I bought it.
The total 500 S & Ps rose about 3%, the highest daily rate of increase since May 2020, and all 11 S & P industries rose at least 1.5%.
Stock prices had fallen due to concerns that the US economy would fall into recession as the Fed aggressively raised rates to respond to inflation, but it has picked up this week.
The June consumer confidence index (confirmed value) released by the University of Michigan on this day was revised downward from the preliminary value of 50.2 to 50.0, setting a new record low.
Federal funds (FF) interest rate futures are currently at a level that incorporates the view that key interest rates will rise to around 3.5% by March next year. It was woven into the view that it would rise to 4% last week.
“The receding expectations of aggressive rate hikes have contributed to the rise in stock prices that day,” said Peter Touz, president of Chase Investment Counsel in Charlottesville, Virginia.
Bank stocks have been bought and the S & P500 Bank Stock Index has risen 3.7%. The Fed’s annual stress test for major financial institutions released the day before revealed that banks would maintain sufficient capital in the face of severe economic shocks.
Among individual stocks, FedEx, a major parcel delivery company, is up 7.2%. Both the real profit and full-year profit forecast for the fourth quarter (March-May) announced the day before exceeded the market forecast.
On the New York Stock Exchange, the number of rising stocks exceeded the number of falling stocks by a ratio of 4.66: 1. Even in NASDAQ, the number of stocks that increased by 2.15 to 1 was large.
The combined trading volume of the US exchange is over 19 billion shares. The average of the last 20 business days is 12.9 billion shares.
Closed price% compared to the previous day Open price High price Low price code
Dow Jones Industrial Average 31500.68 +823.32 +2.68 30846.9 31517. 30846.
4 29 94
Previous business day closing price 30677.36
Nasdaq Composite 11607.62 +375.43 +3.34 11351.3 11613. 11337.
1 23 78
Previous business day closing price 11232.19
S&P 500 types 3911.74 +116.01 +3.06 3821.75 3913.6 3821.7
5 5
Previous business day closing price 3795.73
Dow Jones Transportation Average 13548.30 +516.09 +3.96
Dow Jones Utility Average 953.63 +17.89 +1.91
Philadelphia Semiconductor 2718.47 +115.73 +4.45
VIX Index 27.23 -1.82 -6.27
S&P general consumption goods 1153.04 +41.56 +3.74
S&P material 481.35 +18.42 +3.98
S&P Industries 751.42 +25.36 +3.49
S&P consumer staples 758.61 +13.86 +1.86
S&P Financial 538.72 +19.71 +3.80
S & P Real Estate 261.97 +5.30 +2.07
S & P Energy 547.02 +8.27 +1.53
S & P Healthcare 1506.72 +24.17 +1.63
S & P communication service 196.20 +7.43 +3.94
S&P Intelligence Technology 2332.79 +80.46 +3.57
S&P Public Goods 350.86 +6.06 +1.76
NYSE came out with 3.247 billion plants
Chicago Nikkei Futures September Contract Dollar Denominated 26930 + 450 Osaka Ratio
Chicago Nikkei Futures September Contract Yen-denominated 26870 + 390 Osaka Ratio
