U.S. Treasury yields dragged down technology stocks, Nasdaq fell more than 1% | Anue Juheng-US stocks

The 10-year U.S. Treasury bond yield once stood at 1.5% on Monday (27th). Higher yields dragged down the trend of technology stocks. The main indexes opened mixed on Monday (27th). Before the deadline, the Dow Jones Industrial Average rose more than a hundred points or 0.3%, the Nasdaq Composite Index and the Fiscal Composite both fell more than 1%, and the S&P 500 Index fell 0.4%.

Before the deadline, the 10-year U.S. Treasury yield was reported at 1.491%, the highest since June, and it pushed up JPMorgan Chase (JPM-US),Bank of America (BAC-US) And other large bank stocks.

Higher bond yields weighed on the performance of technology stocks, Facebook (FB-US), Amazon (AMZN-US),Apple(AAPL-US),Microsoft(MSFT-US) And Alphabet(GOOGL-US) Opened slightly lower.

In terms of chip stocks, Nvidia (NVDA-US) Fell more than 3%, AMD (AMD-US) Fell more than 2%, Qualcomm (QCOM-US) And should material (AMAT-US) Fell more than 1%.

In order to prevent the federal government from falling into a shutdown after the end of this fiscal year, the U.S. Senate will vote on the extension of government funding and debt ceilings on Monday, which is expected to be blocked by Republicans. In addition, the Speaker of the House of Representatives, Nancy Pelosi, said on Sunday that the House of Representatives will vote on the bipartisan infrastructure bill passed last month on Thursday.

At the same time, the market is also paying attention to the impact of China’s electricity curtailment policy on the local manufacturing industry and even the overall economic growth.

Before the deadline on Monday, oil prices soared to a 3-year high, and Brent crude oil futures prices were approaching 80 Dollar, WTI crude oil futures also stood at 75 Dollar,Exxon Mobil (XOM-US), Chevron (CVX-US) Wait for energy stocks to rise.

In terms of economic data, the initial monthly growth rate of durable goods orders in the United States in August was reported at 1.8%, which was far better than market expectations, and was significantly improved from the revised value of 0.5%; the monthly growth rate of core durable goods orders was reported at 0.2%, which was unexpectedly low It was expected to be 0.5%, and the increase was the smallest since February.

As of 21 o’clock on Monday (27th) Taipei time:
  • The Dow Jones Industrial Average rose by 124.68 points, or 0.36%, temporarily at 34922.68 points
  • The Nasdaq Composite Index fell by 156.17 points, or -1.06%, to 14888.86 points temporarily
  • The S&P 500 Index fell 15.42 points, or -0.35%, to 4440.06 points temporarily
  • Fees and a half fell by 40.95 points or-1.18%, temporarily at 3,13.13 points
  • TSMC ADR fell 0.49% to 115.07 per share Dollar
  • The 10-year U.S. Treasury yield rose to 1.491%
  • New York light crude oil rose 1.95% to 75.42 per barrel Dollar
  • Brent crude oil rose 1.88% to 79.56 per barrel Dollar
  • Gold rose 0.10% to 1,753.50 per ounce Dollar
  • DollarThe index rose to 93.405
Daily chart of the S&P 500 Index (Photo: Juheng.com)
Focus stocks:

Facebook (FB-US) Fell 0.71% in early trading to 350.46 Dollar

Faced with strong backlash from users and members of Congress, Facebook announced on Monday that it would suspend the development of the “children’s version of IG” (Instagram Kids).

Gores Guggenheim(GGPI-US) Rose 2.88% in early trading to 10.28 Dollar

Foreign media reports pointed out that Volvo’s electric vehicle brand Polestar has agreed to merge with the special purpose acquisition company Gores Guggenheim. The announcement will be made on Monday as soon as possible. The combined valuation is estimated to reach 20 billion.Dollar

Alphabet(GOOGL-US) Fell 0.25% in early trading to 2,837.26 Dollar

Alphabet’s Google on Monday will appeal the antitrust fine imposed by the European Commission in 2018. The EU has abused Android’s market advantage to strengthen the dominant position of Google’s search engine on mobile devices. Out of 5 billionDollarThe huge ticket.

In addition, the CNBC report pointed out that in response to increased competition in the cloud market, Google plans to adjust the profit sharing mechanism of its cloud platform.

Today’s key economic data:
  • The initial value of the monthly growth rate of durable goods orders in the United States in August was reported at 1.8%, which is expected to be 0.6%, and the previous value-0.1%
  Green: monthly increase rate of durable goods orders, blue: annual increase rate of durable goods orders (Picture: Zerohedge)
Green: monthly increase rate of durable goods orders, blue: annual increase rate of durable goods orders (Picture: Zerohedge)
  • At 22:30, Taipei time, the US September Dallas Fed Business Activity Index is announced, expected to be 11.0, and the previous value is 9.0
Wall Street analysis:

Shaniel Ramjee, a multi-asset fund manager at Pictet Asset Management, believes that the recent prospect of tightening monetary policy support for the Fed is pushing up government bond yields and putting pressure on the stock market.

Ipek Ozkardeskaya, an analyst at Swissquote Group Holdings, said that most of the recent bad news comes from China. Evergrande’s debt crisis, dual energy consumption control policies, andCryptocurrencyThe ban, coupled with the Fed’s hawkish stance last week, is exacerbating market volatility.

Robert Pavlik, investment strategist at SlateStone Wealth LLC, said that as interest rates rise, the return of cyclical stocks will continue to be the focus of investors’ attention.


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