[10th Archyde.com]- In the US stock market, the Nasdaq Composite fell again. Rising U.S. Treasury yields, signaling higher interest rates, weighed on large-cap growth stocks. A slump in ride-hailing giant Lyft, weighed down by a weak profit outlook, also weighed on the company.
Meanwhile, the Dow Jones Industrial Average and the S&P 500 rallied. Oil prices rose on Russia’s plans to cut production, and energy stocks were bought.
US benchmark 10-year bond yields reached their highest level in about a month in trading on the 10th.
Investors have wondered if the bond market is telling them what economic data isn’t, said Sam Stoball, chief investment strategist at CFRA Research. “Higher yields on U.S. Treasuries will have a further negative impact on high-growth tech companies,” he said.
On a weekly basis, the Nasdaq fell 2.41%, its first decline since the beginning of the year. The S&P fell 1.11% and the Dow 0.17%. This week saw a flurry of hawkish remarks from officials at the Federal Reserve Board (Fed), as well as corporate earnings.
More than half of the companies in the S&P 500 have finished reporting quarterly earnings, with 69% of those outperforming expectations, according to Refinitiv.
The Russell 1000 Growth Index fell 0.33%.
Lift plunged 36.44%. The company’s first-quarter sales forecast released on Thursday came in below market expectations. The severe cold weather and price cuts that have hit some of the major markets will weigh on prices, he said.
Rival Uber Technologies Inc also fell 4.43%.
Most of the S&P 500’s 11 major sectors rose, with energy up 3.92%. Consumer goods, on the other hand, fell 1.22%.
The University of Michigan’s preliminary consumer confidence index rose to 66.4 in February, the highest since January 2022. However, one-year inflation expectations rose.
Losers outnumbered gainers on the New York Stock Exchange by a ratio of 1.03 to 1. Even on the Nasdaq, the number of declining stocks was 1.35 to 1.
Combined turnover on U.S. exchanges is 10.43 billion shares. The average over the last 20 trading days was 11.85 billion shares.
Closing price change % Opening price High price Low price Code
Dow 30 33869.27 +169.39 +0.50 33671.5 33897.3 33591.
4 1 99
Closing price of previous business day 33699.88
NASDAQ Composite 11718.12 -71.46 -0.61 11714.6 11775.8 11630.
0 0 54
Closing price of previous business day 11789.58
S&P combined 500 species 4090.46 +8.96 +0.22 4068.92 4094.36 4060.7
9
Closing price of previous business day 4081.50
Dow Transport 20 15042.93 -25.02 -0.17
Dow 15 945.77 +17.86 +1.92
Philadelphia Semiconductor 3011.15 -48.47 -1.58
VIX index 20.53 -0.18 -0.87
S&P general consumer goods 1150.55 -14.20 -1.22
S&P material 516.93 +1.83 +0.36
S&P Industries 864.22 +6.33 +0.74
S&P consumer staples 762.70 +7.03 +0.93
S&P Financials 606.18 +2.43 +0.40
S&P Real Estate 252.33 +0.67 +0.27
S&P Energy 692.10 +26.13 +3.92
S&P Healthcare 1543.29 +14.31 +0.94
S&P Telecom Services 179.86 -1.61 -0.89
S&P Intelligence Technology 2448.02 -13.47 -0.55
S&P Public Welfare 343.74 +6.75 +2.00
NYSE came out with 899 million plants
March Chicago Nikkei Futures USD 27605 – 45 Osaka ratio
March Chicago Nikkei Futures Yen 27585 – 65 Osaka ratio