[뉴욕증시] Mixed trend ahead of Chairman Powell’s speech… Nasdaq down 0.59%

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[딜라이트닷넷 정호원 기자] The US stock market, which recently showed a decline in the aftermath of the Chinese corona lockdown, showed a mixed trend ahead of the speech of US Federal Reserve Chairman Jerome Powell.

On the 29th (local time) at the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average finished trading at 33,852.53, up 3.07 points (0.01%) from the previous trading day.

The S&P 500 index, centered on large caps, closed at 3957.63, down 6.31 points (0.16%) from the previous trading day, and the Nasdaq index, centered on technology stocks, closed at 10,983.78, down 65.72 points (0.59%).

Of the 11 sectors in the S&P 500 Index, 5 rose: real estate (1.71%), energy (1.28%), finance (0.67%), and industrials (0.62%), while technology (-0.98%), utilities (-0.73%), and discretionary Six stocks, including consumer goods (-0.44%) and consumer staples (-0.37%), fell.

The issue related to China’s Corona 19 containment, which pressured the New York stock market the day before, seems to have largely resolved the risk as the Chinese government partially eased the containment policy.

On this day, investors are nervous about what kind of hardline remarks Fed Chair Jerome Powell will make in relation to interest rate hikes in a speech at the Brookings Institution on the 30th. The New York stock market fell sharply in August after Chairman Powell poured out hardline hawkish remarks at the Jackson Hole meeting.

The US economic indicators released on the day were sluggish. The seasonally adjusted National Home Price Index for September, compiled by S&P CoreLogic Case-Shiller, fell 1% from the previous month, marking the third consecutive monthly decline. The rate of increase in housing prices in September also increased by 10.6% compared to the same period last year, down from 12.9% in the previous month.

The Consumer Confidence Index for November, compiled by the Conference Board, recorded 100.2, the lowest since last July.

Major technology stocks were generally bearish on the day. As Apple predicted that normal operation of its Zhengzhou plant would be difficult due to China’s blockade policy, it fell 2.11% from the previous day, including Microsoft (-0.59%), Alphabet (Google, -0.90%), Amazon (-1.63%), and Tesla. (-1.14%) also fell. However, Meta (Facebook) rose 0.63%.

At the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) for delivery in January next year closed at $78.20, up $0.96 (1.24%) from the previous trading day.

International gold for December on the New York Mercantile Exchange (COMEX) finished trading at $1,748.40 per traion, up $8.10 (0.47%) from the battlefield.

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