[뉴욕증시] Declining for 4 consecutive days due to concerns over tightening… Nasdaq 1.49%↓
The US stock market closed lower for the fourth day in a row.
On the 19th (local time), the 30 industrial average index closed at 32,757.54 on the New York Stock Exchange (NYSE), down 162.92 points (0.49%) from the previous trading day. The index recorded 3817.66, down 34.70 points (0.90%). , which is centered on technology stocks, closed at 10,546.03, down 159.38 points (1.49%).
On this day, the stock market continues to be under selling pressure after the policy decision of the central bank, the Federal Reserve System (Fed) last week.
The Fed raised its benchmark interest rate by 0.5 percentage point to 4.25-4.5%. Here, Fed Chairman Jerome Powell also poured out more hawkish (austerity) remarks than expected.
Although indicators were sluggish and signaled that the economy was weakening, Chairman Powell warned of further rate hikes.
“Rate rates and inflation may be peaking, but we see that as a warning sign,” Morgan Stanley equity strategist Michael Wilson said in an investment note.
Of the 11 sectors in the S&P 500, 10 fell except energy (0.13%). The decline was the largest in the order of telecommunications (-2.18%), discretionary consumer goods (-1.66%), and materials (-1.34%).
Big tech stocks, in particular Apple (NASDAQ:), Microsoft (NASDAQ:) and Amazon (NASDAQ:) led the bear market. Tesla fluctuated and fell to 2.8% during the intraday, and then narrowed the drop to 0.24% and closed.
Seo Sang-young, a researcher at Mirae Asset Securities, said, “Despite the Chinese government’s determination to stimulate the economy, the stock market was still sluggish due to the sharp decline in the Chinese business confidence index in December and other economic downturn issues.” It also stimulated related issues,” he explained.