2023-11-11 13:14:01
The New York Stock Exchange of the United States closed trading yesterday (10 Nov.) local time, with the “Dow Jones” rising sharply to 391.16 points, supporting the uptrend in technology stocks. and the group grows after US bond yields stabilized As investors focus on inflation data release and other economic data next week
Dow Jones Industrial Average Closed at 34,283.10 points, an increase of 391.16 points or +1.15%. The S&P 500 Index closed at 4,415.24 points, an increase of 67.89 points or +1.56% and the NASDAQ Index closed at 13,798.11 points, an increase of 276.66 points or +2.05%.
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All 11 stocks in the S&P 500 closed in positive territory, led by technology, which rose 2.6%, with Indian shares up about 3%, Meta Platforms up 2.6% and Microsoft shares up 2.5%.
US stock market rebounds After falling on Thursday (Nov. 9), which was affected by Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), making comments that signaled that the Fed may raise interest rates. again to stem inflation
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The market was supported by the 10-year US Treasury yield remaining unchanged at 4.62% after rising on Thursday after a weaker-than-expected 30-year bond auction result.
Investors are focused on bond yields, which have fallen from 16-year highs, and on estimates that the Fed may be finished raising interest rates to control inflation. Including the timing of when the Fed may start cutting interest rates.
The market will also keep an eye on the release of the US Consumer Price Index (CPI) next week. Including the Producer Price Index (PPI) and retail sales. This helps predict interest rate trends.
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