久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Wall St ends sharply lower, hit by bond yields and COVID-19 worries

Updated: 2021-03-19 05:02
Share
Share - WeChat
A Wall Street sign is pictured. [Photo/Agencies]

March 18 - Wall Street ended sharply lower on Thursday, hit by rising Treasury yields and fresh worries about the coronavirus pandemic in Europe.

Losses in U.S. stocks accelerated after France's prime minister imposed a month-long lockdown on Paris and several other regions due to the health crisis.

The S&P 500 energy sector index tumbled as oil prices fell, in part due to worries about rising COVID-19 cases in Europe.

"That last hit was from news of the Paris lockdown. It wasn't received that well," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. "Here in the United States, we anticipate this big reopening and the virus is looking good, but we are not looking outside of the U.S., and it's not all good."

The Russell 1000 value index, which is heavily comprised of cyclical stocks such as financials and energy, ended lower, while the Russell 1000 growth index, which includes technology stocks, dropped more than 1%.

The yield on the benchmark 10-year Treasuries crossed 1.75% to hit a 14-month high a day after the Fed projected the strongest growth in nearly 40 years as the COVID-19 crisis winds down. The Fed also repeated its pledge to keep its target interest rate near zero for years to come. .

"The Fed just saying they are not going to raise rates until 2023 really means nothing," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "The Fed is on the sidelines, but if bond yields keep going up, that is what really hurts the economy."

Apple Inc and Amazon.com Inc both dropped. Tech and other growth stocks are particularly sensitive to rising yields because their value rests heavily on earnings far into the future, which are discounted more deeply when bond yields rise.

A recent $1.9 trillion spending stimulus sparked fears of rising inflation and contributed to the jump in longer-end Treasury yields.

Underscoring the staggered recovery in the labor market, data showed the number of Americans filing for jobless benefits unexpectedly rose last week.

A separate report indicated the Philly Fed business index jumped more than expected, to its highest level since 1973.

Unofficially, the Dow Jones Industrial Average fell 153 points, or 0.46%, to 32,862.37, the S&P 500 lost 58.62 points, or 1.48%, to 3,915.5 and the Nasdaq Composite dropped 409.03 points, or 3.02%, to 13,116.17.

The S&P 500 and the Dow both closed at record highs on Wednesday.

Accenture rose after the IT consulting firm raised its full-year revenue forecast and reported second-quarter revenue above analysts' estimates, as more businesses used its digital services to shift operations to the cloud.

Dollar General Corp dropped after the retailer forecast annual same-store sales and profit below estimates, indicating that a pandemic-fueled rush for lower-priced goods may be waning faster than expected.

AMC Entertainment climbed after the movie theater operator said it would have 98% of its U.S. locations open from Friday. (Reporting by Noel Randewich in Oakland, Calif. Additional reporting by Shashank Nayar and Medha Singh in Bengaluru Editing by Maju Samuel and Matthew Lewis)

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久青草免费视频 | 久久精品成人免费看 | 欧美精品区| 福利一区三区 | 久久网站免费 | 五月色婷婷琪琪综合伊人 | 日日狠狠久久偷偷四色综合免费 | 一级毛片在播放免费 | 欧美大片毛片aaa免费看 | 亚洲不卡在线观看 | 国产精品99在线观看 | 国产人成久久久精品 | 在线观看免费国产 | 亚洲视色 | 在线毛片免费 | 模特三级在线观看 | 亚洲国产最新 | 福利网址在线 | 中文字幕免费视频 | 男女很舒服爽视频免费 | 国产精自产拍久久久久久 | 久久这里只有精品视频99 | 亚洲精品国产综合久久一线 | 欧美精品一二三区 | 在线观看亚洲国产 | 国产嫩草影院在线观看 | 国产性videostv另类极品 | 欧美在线播放成人免费 | 国产中文字幕视频在线观看 | 一区二区三区国产精品 | 99在线观看精品 | 一级aaaaa毛片免费视频 | 亚洲综合久久综合激情久久 | 欧美在线一区二区三区欧美 | 国产黄色免费网站 | 欧美一级毛片无遮挡 | 免费观看欧美成人禁片 | 欧美一级在线观看播放 | 免费国内精品久久久久影院 | 在线毛片观看 | 亚洲成人黄色网址 |