The three major stock indexes are low!The Dow fell over 500 points, and the interest rate hike was worried about heating up
Author:Zhongxin Jingwei Time:2022.09.13
Zhongxin Jingwei, September 13th. On the 13th, the US CPI exceeded expectations to increase the concern. The three major stock indexes of the United States opened their collective lows. As of press time, the Dow fell more than 500 points, a decline of more than 1%, and the Nasda Index fell nearly 3%. The S & P 500 index fell nearly 2%.
On September 13, local time, data released by the US Department of Labor showed that the increase in US Consumer Price Index (CPI) fell to 8.3%year -on -year in August. The previous value (July) was 8.5%. At a historical high.
After the announcement of the US CPI data, the US dollar index continued to rise, with a short -term pull increase of more than 120 points, exceeding 109, rising 0.73%within the day; US debt yields rose 7 base points to 3.430%.
The three major U.S. stock indexes fell further, the Nasda Index fell 2.7%, and the S & P 500 index futures fell more than 2%.
According to Chinese reports of Wall Street Journal, according to John Butters, a senior performance analyst at FactSet, since June 30, analysts have lowered the expectations of the third quarter of profit growth by 5.5 percentage points. This is higher than the usual level, which is also the largest decline since the second quarter of 2020. At that time, the new crown pneumonia's epidemic and the followers of sealing measures caused economic activities to stagnate.
Listed companies have become more and more pessimistic recently. Among the S & P 500 Index ingredients, a total of 240 companies mentioned the economic recession at the previous quarter's financial report conference. This is the most one since FactSet began to track the data in 2010.
Last week, Fed Chairman Powell once again issued an eagle speech, saying that the Fed needs to take action to avoid inflation. "The longer the inflation is higher than the goal, the greater the risk, and the history warning cannot relax prematurely."
In addition, the Wall Street Journal and the investment bank Goldman Sachs a few days ago, and the Fed will raise interest rates 75 basis points (BP) in September. Goldman Sachs raised the forecast of interest rate hikes in September and November from 50bp, 25bp to 75bp, and 50bp. It is believed that the interest rate level in the United States will be close to 4%during the year. (Zhongxin Jingwei APP)
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