The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in Election Day in Manhattan, New York City, New York, US, November 3, 2020. REUTERS/Andrew Kelly New York stocks strengthen amid falling international oil prices ended with In the New York Stock Exchange on the 15th (local time), the Dow closed at 33,544.34, up 599.10 points, or 1.82%, from the previous day. The SP500 index rose 89.34 points (2.14%) to close at 4262.45. The Nasdaq Composite rose 367.40 points (2.92%) to close at 12,948.62. Treasury bond yields rose. The yield on the 10-year government bond, which started at 2.144% on the same day, rose to 2.147%. – Oil price falls below $100, inflation concerns ‘singing signs’ – A day before the US Federal Reserve (Fed) rate hike, Wall Street showed a rather stable appearance. The soaring international oil price has stabilized as it has fallen below $100, and concerns over inflation are also showing signs of abating. “The market is expecting seven rate hikes this year,” said Julian Emanuel, senior managing director at Evercore ISI. “If commodity prices fall and inflation fears subside, the market can naturally move toward growth stocks.” diagnosed; – Japanese tech stocks rebound… Nvidia 7.7%�� – The New York Stock Exchange led the rebound in tech stocks. Nvidia rose 7.70%, while Tesla and Apple rose 4.63% and 2.96%, respectively. Netflix and Microsoft rose 3.84% and 3.87%, respectively, while Alphabet and Meta rose 2.57% and 2.89%, respectively. Amazon rose 3.88%. AMD rose 6.92% and Qualcomm rose 2.06%. Micron closed up 5.34%. Lucid and Rivian rose 1.99% and 3.26%, respectively. Peloton surged 11.93%. Zoom video rose 4.57%. – Soaring with airline stocks… United, American Airlines 9%�� – Airline stocks also rose sharply. United Airlines surged 9.19%, while Delta and American Airlines rose 8.69% and 9.26%, respectively. Boeing was up 2.48%. Cruise stocks also posted gains. Carnival and Norwegian Cruises rose 5.37% and 6.97%, respectively, while Royal Caribbean rose 3.78%. [Seattle=AP/Newsis] A Starbucks store signboard in Pittsburgh, Pennsylvania, USA. On January 4, 2022, Starbucks and McDonalds rose 4.83% and 2.82%, respectively. Disney rose 4.00%. WeWork rose 7.02%, while DoorDash rose 4.87%. Energy stocks fell. Chevron fell 5.07% and ExxonMobil fell 5.70%. Diamondback Energy and Marathon Oil fell 1.30% and 2.39%, respectively. Occidental fell 1.91%. – US producer price jumps 10% ‘short time in one year’ – A person shops at a Trader Joes grocery store in the Manhattan borough of New York City, New York, U.S., March 10, 2022. REUTERS/Carlo Allegri Producer prices in the United States rose by 10% in one year. The U.S. Department of Labor reported that the producer price index (PPI) rose 10% in February compared to the same period last year. Compared to the previous month, it rose 0.8%. This is in line with the market forecast surveyed by Bloomberg (10% from the previous year and 0.9% from the previous month). About two-thirds of the rise in producer prices is due to the rise in energy prices, and the recent rise in food prices has also had an impact. As the price of some raw materials hit new highs due to the Russian invasion of Ukraine, producer prices are expected to soar for the time being. The market believes that such a rise in inflation has provided a foothold for the Federal Reserve (Fed) to raise interest rates this week. “The pace of producer inflation has started to slow somewhat recently, but the PPI is adding to concerns about Fed inflation,” economist Eliza Winger told Bloomberg. Its getting stronger,” he diagnosed. “Inflation in the pipeline shows little sign of slowing down in the short term as the Russian-Ukraine war has taken a toll on commodity markets such as energy,” said Mahir Rashid, an economist at Oxford Economics. The rise in producer prices is also expected to affect consumer prices, which have risen at the fastest rate in 40 years. With the recent spread of COVID-19, Chinas technology center, Shenzhen, is being shut down, and there are speculations that supply chain problems will intensify. A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo Oil prices fell today. On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) delivery for April ended at $95.18, down $7.83 (7.60%) per barrel. At the ICE Futures Exchange in London, North Sea Brent crude for May, the benchmark for international oil prices, fell by $8.21 (7.68%) per barrel to $98.69 as of 10:22 PM. Gold prices fell. On the same day, the price of gold for April delivery on the New York Mercantile Exchange closed at $1919.20 per ounce, down $41.60 (2.12%) from the previous trading day. The dollar is strong. As of 5:23 p.m. on the same day, the dollar index (DXY) in New Yorks foreign exchange market was at 99.07, up 0.07% from the previous day. The dollar index is an index of the dollar value of six major currencies, including the euro and yen.
