On Monday, U.S. stocks ended mixed. With the sharp decline of technology stocks, the S & P 500 index and Nasdaq composite index fell. The reason was that the U.S. bond yield continued to rise, weakening investors' interest in growth stocks.
The Dow Jones index rose 27.37 points, or 0.09%, to 31521.69, with a drop of 200 points during the session; the standard & Poor's 500 index fell 0.77% to 3876.50, its fifth consecutive day of decline; and the Nasdaq composite index fell 2.46% to 13533.05.
Big tech stocks are under pressure, with apple, Amazon and Microsoft all down at least 2%.
Electric vehicle stocks generally fell sharply, with Tesla down 8.55%; Weilai down 7.92%, Xiaopeng down 7.05%, and ideal down 6.70%.
Specifically, in Monday's trading of US stocks, leading technology stocks generally fell, with Apple's share price closing at US $126.00, down 2.98%; alpha, the parent company of Google, closing at US $2064.88, down 1.73%; Amazon, closing at US $3180.74, down 2.13%; Microsoft, closing at US $234.51, down 2.68%; Facebook, closing at US $260.33, down 0.47%; Oracle, closing at IBM closed at $120.86, up 1.57%; Netflix closed at $533.78, down 1.19%; Tesla closed at $714.50, down 8.55%; twitter fell 2.48%, Uber fell 5.27%; LYFT fell 3.58%.
Leading chip stocks in US stocks fell, with TSMC closing at US $133.57, down 2.26%; NVIDIA at US $574.23, down 3.82%; Intel at US $60.71, down 3.65%; ASMC at US $578.50, down 2.67%; Qualcomm at US $139.46, down 3.78%; Broadcom at US $476.36, down 2.78%; Texas Instruments at US $173.09 USD, down 2.95%; AMD, down 4.70%; applied materials, down 3.54%; micron technology, down 5.15%.
Alibaba, Jingdong, Baidu, pinduoduo, Weilai, Xiaopeng, Xiaopeng and ideacar all fell to US $254.00, US $97.66, US $188.24, US $97.66, US $97.66, US $50.68, US $50.68, US $38.00, US $50.68, US $50.68, US $50.68, US $50.68, US $50.68, US $50.68, US $50.68, US $38.00, US $38.00, US $27.84, US $97.00, US $97, US $97.66 Dollar, down 6.70%; BiliBili, down 10.09% to $129.11; tal, down 5.90% to $84.83; iqiyi, down 3.40% to $23.88; learn from others, down 4.36% to $98.77; Weibo, down 2.35%; Ctrip, up 2.59%; Auto home, down 5.99%; jinshanyun, down 10.98%; Lukin, down 5.60%.
In recent weeks, yields on U.S. Treasury bonds have risen rapidly, making some stock investors increasingly worried. This could be a special blow to high growth companies that rely on easy lending, while weakening the relative attractiveness of the stock market. These technology stocks also showed strong gains during COVID-19, so some investors may make a profit and turn to those stocks that will perform well in the recovery.
On Monday, us time, the yield on the 10-year Treasury bond rose again to about 1.35%, after jumping 14 basis points last week to its highest level since February 2020. So far this month, the yield on us 10-year Treasury bonds has risen by 27 basis points. On Monday, U.S. time, the yield on the 30-year treasury bond hit a nearly one-year high of 2.2%.
All investors will focus on Federal Reserve Chairman Colin Powell, who will give his semiannual testimony on the economy to the Senate Banking Committee on Tuesday, us time. His comments on interest rates and inflation may determine the direction of US stocks this week.
Many people on Wall Street still believe that the jump in U.S. bond yields reflects that investors' confidence in the U.S. economic recovery is increasing, and that the stock market should be able to absorb higher yields when corporate performance is strong. (Liu Chun)