(Photo = Getty Image Bank)
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In the New York Stock Market last night, the leading index surged as the rise in US Treasury yields subsided.
On the 1st (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,535.51, up 603.14 points (1.95%) from the battlefield.
The Standard & Poor’s (S&P) 500 index soared 90.67 points (2.38%) to 3901.82, and the Nasdaq index closed at 13,588.83, which jumped 396.48 points (3.01%).
The 10-year U.S. Treasury bond rate traded at 1.43% at the close of the stock market on the same day. The movement has been somewhat calming since last week’s temporary surge of over 1.6%.
Fed officials continued to say that rising interest rates were not a worrisome phenomenon. Other factors, such as a new stimulus package in the United States and a new coronavirus infection (Corona 19) vaccine, are also favorable to the stock market.
Seo Sang-young, a researcher at Kiwoom Securities, said, “The US stock market surged due to the normalization of the economy and stabilization of government bond interest rates.” “I said.
Tesla increased 6.36% when the investment bank Webbush announced that the global value of the electric vehicle industry would grow rapidly from $250 billion last year to $5 trillion in 2030.
Apple soared 5.39% on news that it had opened all of its stores in the first year after the US Apple Store closure began, and that the initial supply chain order for the iPhone 13 was in the range of 100 million units.
Financial stocks, such as JPMorgan (2.26%), BOA (3.11%), and Citigroup (5.56%), recorded strong strength due to the fact that inflationary pressures remain.
Industrial goods such as Caterpillar (1.80%) and GE (4.55%), and energy sectors such as Exxon Mobil (3.73%) showed strength as the possibility of economic normalization increased due to increased stimulus measures and increased vaccination.
Eunji Cha, reporter Hankyung.com [email protected]
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