U. S. stocks closed mixed on Monday. The rise in US bond yields has put pressure on large technology stocks. Investors continue to pay attention to the possibility of a shutdown of the US federal government. The president of the New York Fed says bond purchases may have to be scaled back soon. The president of the Chicago Fed is expected to raise interest rates for the first time in 2023.
The Dow rose 71.37 points, or 0.21%, to 34869.37; the Nasdaq fell 77.73 points, or 0.52%, to 14969.97; and the Standard & Poor's 500 Index fell 12.37 points, or 0.28%, to 4443.11.
The yield on the 10-year Treasury note broke through the 1.5 per cent mark on Monday, the highest level since June. At one point, yields on 30-year Treasuries soared to nearly 2.05%. The yield on the 10-year bond at the end of August was 1.30%. As US bond yields rise, investors turn to value stocks, Amazon.Com Inc、 Alphabet 、 Apple Inc、 Microsoft CorpAnd NVIDIA Corp and other high-growth technology stocks fell under pressure.
Carnival and other sectors related to the economic recovery, such as United Airlines, rose.
Us WTI crude oil futures exceeded 74 US dollars. Driven by the rise in oil prices, Exxon Mobil CorpAnd Western OilAnd other energy stocks generally rose.
Tesla, Inc., the champion of US stock turnover on Monday.It closed 2.2% higher, with a deal of $21.83 billion. Tesla, Inc. CEO Musk said that Tesla, Inc. has set up a data center in China, all the data will be stored in China, only a small amount of order data will be approved before leaving the country. Musk praised China as a "global digital leader" and said Tesla, Inc. would continue to invest in China. Earlier, at the World Congress of New Energy vehicles in mid-September, Mr Musk said Chinese carmakers were "the most competitive in the world".
Amazon.Com Inc, second in turnover, closed down 0.6%, with a turnover of US $12.05 billion. Morgan StanleyAnalyst Brian Nowak lowered Amazon.Com Inc's target price to $4100 from $4300, maintaining an overweight rating.
Nowak pointed out that Amazon.Com Inc has 700000 logistics employees in the United States and their wages are rising, both of which will put more pressure on Amazon.Com Inc's future profits. He cut Amazon.Com Inc's EBIT forecasts for 2021 and 2022 by 16 per cent and 19 per cent respectively.
No. 5 AMDIt closed 2.2% higher, with a deal of $5.52 billion. Closed test leader Tong Fu Weidian put forward a 5.5 billion increase plan on Monday, and analysts predict that the scope of its cooperation with AMD will be further expanded. In addition, AMD has twice raised its revenue forecast for 2021.
No. 9 BabaIt closed 3.5% higher, with a deal of $3.53 billion.
No. 13 Adobe IncIt closed down 3.1% to $2.4 billion. On Friday, the stock closed down 1.3%, with a market capitalization below $300 billion.
Exxon Mobil Corp, 18th, received a 3% increase in revenue, with a turnover of US $1.95 billion. Us WTI crude oil futures broke through $75 on Monday, the highest closing price in three years, while natural gas futures rose 11 per cent to the highest level since February 2014. Industry analysts expect crude oil and natural gas prices to continue to rise in the coming months.
The following are the 20 most actively traded stocks of the day (by turnover): (screenshot from Sina Finance APP quotes-US stocks-more data on the left side of the market sector)Download Sina Finance APP
