The NYSE closed lower en masse following a sharp drop the previous day. NASDAQ index entered a phase of “technical adjustment,” falling more than 10% from its previous high.
On the 19th (U.S. Eastern Time), the Standard & Poor’s 500 Index closed at 4,532.76, down ▽44.35 points (-0.97%) from the previous day.
The technology-oriented NASDAQ Composite Index closed at 14,340.3, down ▽ 166.6 points (-1.15%) from the previous day.
The Dow Jones Industrial Index closed at 35,028.65, down ▽339.82 points (-0.96%) from the previous day.
The Russell 2000 index, which reflects small and medium-sized stocks, closed at 2,066.94, down ▽29.28 points (-1.4%) from the previous day.
The CBOE VIX volatility index closed at 23.85, up △ 4.66 points (24.28%) from the previous day.
The market conditions of the six stocks invested a lot by ants are Apple (AAPL) 166.23 (-2.1%↓), Microsoft (MSFT) 303.33 (0.22%↑), Tesla (TSLA) 995.65 (-3.38%↓), Amazon Dotcom (AMZN) 3125.98 (-1.65%↓), Alphabet A (GOOGL) 270.35%↓0.35%↓) 270.3%.
NYSE NASDAQ entering a ‘phase’
The NASDAQ index entered a phase of technical adjustment, falling more than 10% from the 52-week high recorded on November 22 last year.
It is the first time in about 10 months that the NASDAQ index has entered a correction phase since March 8 last year.
On the same day, U.S. banks Morgan Stanley and Bank of America announced earnings that exceeded market expectations. Morgan Stanley’s net profit in the fourth quarter of last year was $3.7 billion and EPS per share was $2.01. Bank of America’s net profit and earnings per share in the fourth quarter of last year were $7.01 billion and 82 cents, respectively.
U.S. household goods manufacturer Practor & Gamble (P&G) posted a net profit of $4.22 billion and $1.66 per share in the second quarter. This is an improvement from net profit of $3.85 billion and $1.47 per share during the same period last year.
The surge in interest rates on U.S. government bonds also slowed down. By the end of the stock market, interest rates on 10-year U.S. government bonds moved 1.83% and interest rates on 2-year government bonds moved at 1.01%.
However, the surprising strong corporate performance and the calming down of the surge in interest rates on government bonds failed to improve investor sentiment.
Experts said that market-wide risk preference sentiment has been undermined.
In addition, as the NASDAQ index has entered the adjustment phase, technical adjustment could appear for a while.
