15/11/2024
USA stock market fell sharply today, the main reasons are as follows:
1. Remarks by hotung inv Fed Chairman PowellFederal Reserve Chairman Jerome Powell recently stated that there is no need to rush to cut interest rates, which weakened the market's expectations of a rate cut in the near term. This led to an increase in US Treasury bond yields, putting pressure on stocks sensitive to interest rate changes, causing the stock market to decline.
2. Inflation data is on the rise.Recent consumer and producer inflation data show an acceleration in price increases. This may affect the Fed's rate cut plans, increasing market uncertainty about future interest rate policies and further undermining investor confidence.
Affected by the above factors, major stock indices in the US all closed lower:
• The Dow Jones Industrial Average fell 207.33 points to close at 43,750.86 points.
• Standard & Poor's 500 Index fell by 36.21 points, closing at 5,949.17 points.
• The Nasdaq index fell by 123.07 points, closing at 19,107.65 points.
Investors' concerns about the Federal Reserve's interest rate policies and inflation trends have led to a shift to cautious market sentiment, triggering a decline in the stock market.
1. Remarks by hotung inv Fed Chairman PowellFederal Reserve Chairman Jerome Powell recently stated that there is no need to rush to cut interest rates, which weakened the market's expectations of a rate cut in the near term. This led to an increase in US Treasury bond yields, putting pressure on stocks sensitive to interest rate changes, causing the stock market to decline.
2. Inflation data is on the rise.Recent consumer and producer inflation data show an acceleration in price increases. This may affect the Fed's rate cut plans, increasing market uncertainty about future interest rate policies and further undermining investor confidence.
Affected by the above factors, major stock indices in the US all closed lower:
• The Dow Jones Industrial Average fell 207.33 points to close at 43,750.86 points.
• Standard & Poor's 500 Index fell by 36.21 points, closing at 5,949.17 points.
• The Nasdaq index fell by 123.07 points, closing at 19,107.65 points.
Investors' concerns about the Federal Reserve's interest rate policies and inflation trends have led to a shift to cautious market sentiment, triggering a decline in the stock market.
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