New York stocks start falling again… Inflation and recession fears grow

[뉴욕=이데일리 김정남 특파원] The New York Stock Exchange is heading down once more.

According to Marketpoint on the 19th (local time), the Dow Jones Industrial Average, which collects blue chips at the New York Stock Exchange at 9:33 am on the same day, is down 0.77% from the previous trading day. The S&P 500 index, which focuses on large-cap stocks, is down 0.51%, and the Nasdaq index, which focuses on technology stocks, is down 0.14%, respectively. The three major indices shocked the market by dropping 3.57%, 4.04%, and 4.73%, respectively, on the previous day, but they continue to decline once more.

The Chicago Options Exchange Volatility Index (VIX), also known as the Wall Street Fear Index, is up 2.07%. Fears of a recession looming in the face of soaring inflation are pervasive on Wall Street.

As a result, the price of US Treasury bonds, considered a safe haven asset, is rising (treasury bond yields are falling). The 10-year U.S. Treasury yield, a benchmark for long-term market interest rates, fell to 2.772% during the day.

(Photo=provided by AFP)

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