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- Xyz2020Xyz2020
  ·2021-03-12
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- Xyz2020Xyz2020
  ·2021-03-12
  Yea
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- Xyz2020Xyz2020
  ·2021-03-11
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- Xyz2020Xyz2020
  ·2021-03-11
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- Xyz2020Xyz2020
  ·2021-03-11
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- Xyz2020Xyz2020
  ·2021-03-04
  Interesting!
  GLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise
  NEW YORK, March 3 (Reuters) - The Japanese yen hit a seven-month low on the dollar on Thursday as ho
  GLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise
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- Xyz2020Xyz2020
  ·2021-03-04
  🙈🙈
  Wall Street drops as high-flying tech stocks retreat
  (Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology
  Wall Street drops as high-flying tech stocks retreat
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614816642,"share":"https://www.laohu8.com/m/news/2116052137?lang=&edition=full","pubTime":"2021-03-04 08:10","market":"us","language":"en","title":"GLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2116052137","media":"Reuters","summary":"NEW YORK, March 3 (Reuters) - The Japanese yen hit a seven-month low on the dollar on Thursday as ho","content":"<html><body><p>NEW YORK, March 3 (Reuters) - The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.</p><p>   But the creep up in benchmark yields may weigh on Asian stocks, as wary investors recall last week's sell-off in government bonds that caused yields to spike, spooking equity markets and causing shares to tumble.</p><p>   By early Thursday, Australian shares    had lost 1% and E-mini S&amp;P futures    slipped 0.25%.</p><p>   U.S. shares had fallen overnight as investors sold off high-flying technology shares to focus on other sectors likely to benefit from an economic recovery.   </p><p>   Investor focus on an economic rebound was not detracted by data released overnight that showed the U.S. labour market struggling in February, when private payrolls rose less than expected.  </p><p>   Instead, currency investors continued to snap up dollars as they bet on a U.S. economy outshining its peers in the developed world in coming months.   </p><p>   A firmer dollar pushed the Japanese yen    to a low of 107.06 yen, a level not seen since July. By early Thursday, the Japanese yen stood at 107.06 yen.</p><p>   Optimism over the U.S. economy boosted the greenback against a basket of currencies, with the dollar index    up 0.28% at 91.062.</p><p>   \"U.S. dollar/yen has been on a <a href=\"https://laohu8.com/S/AONE\">one</a>-way trajectory since the start of 2021,\" said Joseph Capurso, head of international economics at the <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>. \"The brightening outlook for the world economy is a positive for both U.S. dollar/yen and Australian dollar/yen.\"</p><p>   Against the Australian dollar   , the yen traded at 83.09 yen   .</p><p>   In a sign of investors' bullish bets on the U.S. economy, the U.S. yield curve steepened overnight. The gap between yields on two- and 10-year Treasury notes widened to as much as 135.4 basis points on Wednesday, the most since Feb. 26, when the curve had steepened by the most since 2015.   </p><p>   In early Thursday trade, the 10-year Treasury yield crept higher to 1.482%, though off the <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year high of 1.614% struck last week. </p><p>   All eyes will be on Federal Reserve Chairman Jerome Powell, who is set to speak on Thursday at 1705 GMT. Investors will be watching his remarks for signs the central bank is poised to concede the risk of a rapid rise in interest rates.</p><p>   A stronger dollar weighed on gold, with the price of bullion</p><p>  edging down to $1,709.7471 an ounce.   </p><p>   Oil prices softened early Thursday, after jumping more than 2% overnight, boosted by a huge drop in U.S. fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet next week.   </p><p>   U.S. crude    fell 0.47% to $60.99 per barrel.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Koh Gui Qing; Editing by Sam Holmes)</p><p>((guiqing.koh@thomsonreuters.com; +1 646 223 6033;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-04 08:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>NEW YORK, March 3 (Reuters) - The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.</p><p>   But the creep up in benchmark yields may weigh on Asian stocks, as wary investors recall last week's sell-off in government bonds that caused yields to spike, spooking equity markets and causing shares to tumble.</p><p>   By early Thursday, Australian shares    had lost 1% and E-mini S&amp;P futures    slipped 0.25%.</p><p>   U.S. shares had fallen overnight as investors sold off high-flying technology shares to focus on other sectors likely to benefit from an economic recovery.   </p><p>   Investor focus on an economic rebound was not detracted by data released overnight that showed the U.S. labour market struggling in February, when private payrolls rose less than expected.  </p><p>   Instead, currency investors continued to snap up dollars as they bet on a U.S. economy outshining its peers in the developed world in coming months.   </p><p>   A firmer dollar pushed the Japanese yen    to a low of 107.06 yen, a level not seen since July. By early Thursday, the Japanese yen stood at 107.06 yen.</p><p>   Optimism over the U.S. economy boosted the greenback against a basket of currencies, with the dollar index    up 0.28% at 91.062.</p><p>   \"U.S. dollar/yen has been on a <a href=\"https://laohu8.com/S/AONE\">one</a>-way trajectory since the start of 2021,\" said Joseph Capurso, head of international economics at the <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>. \"The brightening outlook for the world economy is a positive for both U.S. dollar/yen and Australian dollar/yen.\"</p><p>   Against the Australian dollar   , the yen traded at 83.09 yen   .</p><p>   In a sign of investors' bullish bets on the U.S. economy, the U.S. yield curve steepened overnight. The gap between yields on two- and 10-year Treasury notes widened to as much as 135.4 basis points on Wednesday, the most since Feb. 26, when the curve had steepened by the most since 2015.   </p><p>   In early Thursday trade, the 10-year Treasury yield crept higher to 1.482%, though off the <a href=\"https://laohu8.com/S/AONE.U\">one</a>-year high of 1.614% struck last week. </p><p>   All eyes will be on Federal Reserve Chairman Jerome Powell, who is set to speak on Thursday at 1705 GMT. Investors will be watching his remarks for signs the central bank is poised to concede the risk of a rapid rise in interest rates.</p><p>   A stronger dollar weighed on gold, with the price of bullion</p><p>  edging down to $1,709.7471 an ounce.   </p><p>   Oil prices softened early Thursday, after jumping more than 2% overnight, boosted by a huge drop in U.S. fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet next week.   </p><p>   U.S. crude    fell 0.47% to $60.99 per barrel.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Koh Gui Qing; Editing by Sam Holmes)</p><p>((guiqing.koh@thomsonreuters.com; +1 646 223 6033;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","QID":"纳指两倍做空ETF",".DJI":"道琼斯","NUGT":"二倍做多黄金矿业指数ETF-Direxion","TQQQ":"纳指三倍做多ETF","IAU":"黄金信托ETF(iShares)",".IXIC":"NASDAQ Composite","SDOW":"道指三倍做空ETF-ProShares",".SPX":"S&P 500 Index","EUO":"欧元ETF-ProShares两倍做空","DDM":"道指两倍做多ETF","UDOW":"道指三倍做多ETF-ProShares","PSQ":"纳指反向ETF","GDX":"黄金矿业ETF-VanEck","QQQ":"纳指100ETF","FXY":"日元ETF-CurrencyShares","DDG":"ProShares做空石油与天然气ETF","UCO":"二倍做多彭博原油ETF","DXD":"道指两倍做空ETF","FXB":"英镑ETF-CurrencyShares","USO":"美国原油ETF","SQQQ":"纳指三倍做空ETF","FXE":"欧元做多ETF-CurrencyShares","GLD":"SPDR黄金ETF","QLD":"纳指两倍做多ETF","DWT":"三倍做空原油ETN","DOG":"道指反向ETF","YCS":"日元ETF-ProShares两倍做空","DJX":"1/100道琼斯","DUST":"二倍做空黄金矿业指数ETF-Direxion"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116052137","content_text":"NEW YORK, March 3 (Reuters) - The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.   But the creep up in benchmark yields may weigh on Asian stocks, as wary investors recall last week's sell-off in government bonds that caused yields to spike, spooking equity markets and causing shares to tumble.   By early Thursday, Australian shares    had lost 1% and E-mini S&P futures    slipped 0.25%.   U.S. shares had fallen overnight as investors sold off high-flying technology shares to focus on other sectors likely to benefit from an economic recovery.      Investor focus on an economic rebound was not detracted by data released overnight that showed the U.S. labour market struggling in February, when private payrolls rose less than expected.     Instead, currency investors continued to snap up dollars as they bet on a U.S. economy outshining its peers in the developed world in coming months.      A firmer dollar pushed the Japanese yen    to a low of 107.06 yen, a level not seen since July. By early Thursday, the Japanese yen stood at 107.06 yen.   Optimism over the U.S. economy boosted the greenback against a basket of currencies, with the dollar index    up 0.28% at 91.062.   \"U.S. dollar/yen has been on a one-way trajectory since the start of 2021,\" said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia. \"The brightening outlook for the world economy is a positive for both U.S. dollar/yen and Australian dollar/yen.\"   Against the Australian dollar   , the yen traded at 83.09 yen   .   In a sign of investors' bullish bets on the U.S. economy, the U.S. yield curve steepened overnight. The gap between yields on two- and 10-year Treasury notes widened to as much as 135.4 basis points on Wednesday, the most since Feb. 26, when the curve had steepened by the most since 2015.      In early Thursday trade, the 10-year Treasury yield crept higher to 1.482%, though off the one-year high of 1.614% struck last week.    All eyes will be on Federal Reserve Chairman Jerome Powell, who is set to speak on Thursday at 1705 GMT. Investors will be watching his remarks for signs the central bank is poised to concede the risk of a rapid rise in interest rates.   A stronger dollar weighed on gold, with the price of bullion  edging down to $1,709.7471 an ounce.      Oil prices softened early Thursday, after jumping more than 2% overnight, boosted by a huge drop in U.S. fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet next week.      U.S. crude    fell 0.47% to $60.99 per barrel.    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets     Global currencies vs. dollar      Emerging markets     MSCI All Country World Index Market Cap       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Reporting by Koh Gui Qing; Editing by Sam Holmes)((guiqing.koh@thomsonreuters.com; +1 646 223 6033;))","news_type":1,"symbols_score_info":{"159934":0.6,"518880":0.6,".DJI":0.9,".IXIC":0.9,".SPX":0.9,"DDG":0.6,"DDM":0.6,"DJX":0.6,"DOG":0.6,"DUG":0.6,"DUST":0.6,"DWT":0.6,"DXD":0.6,"EUO":0.6,"BZmain":0.6,"CLmain":0.9,"EURmain":0.9,"GBPmain":0.9,"GCmain":0.9,"JPYmain":0.9,"MEURmain":0.6,"MGBPmain":0.6,"MGCmain":0.9,"MNQmain":0.6,"NQmain":0.6,"QMmain":0.9,"SGCmain":0.6,"SGUmain":0.6,"FXB":0.6,"FXE":0.6,"FXY":0.6,"GDX":0.6,"GLD":0.6,"IAU":0.6,"NUGT":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SCO":0.6,"SDOW":0.6,"SQQQ":0.6,"TQQQ":0.6,"UCO":0.6,"UDOW":0.6,"USO":0.6,"YCS":0.6}},"isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364178808,"gmtCreate":1614828141904,"gmtModify":1703481663899,"author":{"id":"3567406087686544","authorId":"3567406087686544","name":"Xyz2020","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567406087686544","authorIdStr":"3567406087686544"},"themes":[],"htmlText":"🙈🙈","listText":"🙈🙈","text":"🙈🙈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364178808","repostId":"1107788140","repostType":2,"repost":{"id":"1107788140","kind":"news","pubTimestamp":1614816795,"share":"https://www.laohu8.com/m/news/1107788140?lang=&edition=full","pubTime":"2021-03-04 08:13","market":"us","language":"en","title":"Wall Street drops as high-flying tech stocks retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=1107788140","media":"Reuters","summary":"(Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology ","content":"<p>(Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.</p><p>Microsoft Corp, Apple Inc and Amazon.com Inc dropped more than 2%, weighing more than any other stocks on the S&amp;P 500.</p><p>The S&amp;P 500 financial and industrial sector indexes reached intra-day record highs. Most other S&amp;P 500 sectors declined.</p><p>“Today is the perfect encapsulation of the big theme we’ve been seeing in the past couple of months: The vaccine rollout is going well and the economy improving, and that is sending yields and rate expectations higher, which is hurting growth stocks,” said Baird investment strategist Ross Mayfield, in Louisville, Kentucky.</p><p>The Dow Jones Industrial Average fell 0.39% to end at 31,270.09 points, while the S&amp;P 500 lost 1.31% to 3,819.72.</p><p>The Nasdaq Composite dropped 2.7% to 12,997.75. That left it at its lowest since early January and reduced its gain in 2021 to less than 1%.</p><p>The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing “robust,” but only slow improvement in the job market, the Federal Reserve reported.</p><p>While the vaccine distribution is expected to help the economy, data showed U.S. private employers hired fewer workers than expected in February, suggesting the labor market was struggling to regain speed.</p><p>Another report showed U.S. services industry activity unexpectedly slowed in February amid winter storms, while a measure of prices paid by companies for inputs surged to the highest level in nearly 12-1/2 years.</p><p>The U.S. 10-year Treasury yield ticked up to 1.47%, pressuring areas of the market with high valuations. It was still off last week’s peak of above 1.61% that roiled stock markets as investors bet on rising inflation.</p><p>Rising interest rates disproportionately hurt high-growth tech companies because investors value them based on earnings expected years into the future, and high interest rates hurt the value of future earnings more than the value of earnings made in the short term.</p><p>“There is a definite headwind for equity markets if yields go above the 1.5% level with most investors keeping an eye on the pace of yield growth,” said Michael Stritch, chief investment officer at BMO Wealth Management.</p><p>President Joe Biden’s proposed $1.9 trillion coronavirus relief bill would phase out $1,400 payments to high-income Americans in a compromise with moderate Democratic senators, according to lawmakers and media reports.</p><p>Exxon Mobil Corp rose 0.8% after the oil major unveiled plans to grow dividends and curb spending with projections that were less bold than previous years.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.31-to-1 ratio; on Nasdaq, a 1.95-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 62 new 52-week highs and no new lows; the Nasdaq Composite recorded 284 new highs and 68 new lows.</p><p>Volume on U.S. exchanges was 14 billion shares, compared with the 14.9 billion average for the full session over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street drops as high-flying tech stocks retreat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street drops as high-flying tech stocks retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 08:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-stocks/wall-street-drops-as-high-flying-tech-stocks-retreat-idUSKBN2AV1EG><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/wall-street-drops-as-high-flying-tech-stocks-retreat-idUSKBN2AV1EG\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果"},"source_url":"https://www.reuters.com/article/us-usa-stocks/wall-street-drops-as-high-flying-tech-stocks-retreat-idUSKBN2AV1EG","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107788140","content_text":"(Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.Microsoft Corp, Apple Inc and Amazon.com Inc dropped more than 2%, weighing more than any other stocks on the S&P 500.The S&P 500 financial and industrial sector indexes reached intra-day record highs. Most other S&P 500 sectors declined.“Today is the perfect encapsulation of the big theme we’ve been seeing in the past couple of months: The vaccine rollout is going well and the economy improving, and that is sending yields and rate expectations higher, which is hurting growth stocks,” said Baird investment strategist Ross Mayfield, in Louisville, Kentucky.The Dow Jones Industrial Average fell 0.39% to end at 31,270.09 points, while the S&P 500 lost 1.31% to 3,819.72.The Nasdaq Composite dropped 2.7% to 12,997.75. That left it at its lowest since early January and reduced its gain in 2021 to less than 1%.The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing “robust,” but only slow improvement in the job market, the Federal Reserve reported.While the vaccine distribution is expected to help the economy, data showed U.S. private employers hired fewer workers than expected in February, suggesting the labor market was struggling to regain speed.Another report showed U.S. services industry activity unexpectedly slowed in February amid winter storms, while a measure of prices paid by companies for inputs surged to the highest level in nearly 12-1/2 years.The U.S. 10-year Treasury yield ticked up to 1.47%, pressuring areas of the market with high valuations. It was still off last week’s peak of above 1.61% that roiled stock markets as investors bet on rising inflation.Rising interest rates disproportionately hurt high-growth tech companies because investors value them based on earnings expected years into the future, and high interest rates hurt the value of future earnings more than the value of earnings made in the short term.“There is a definite headwind for equity markets if yields go above the 1.5% level with most investors keeping an eye on the pace of yield growth,” said Michael Stritch, chief investment officer at BMO Wealth Management.President Joe Biden’s proposed $1.9 trillion coronavirus relief bill would phase out $1,400 payments to high-income Americans in a compromise with moderate Democratic senators, according to lawmakers and media reports.Exxon Mobil Corp rose 0.8% after the oil major unveiled plans to grow dividends and curb spending with projections that were less bold than previous years.Declining issues outnumbered advancing ones on the NYSE by a 1.31-to-1 ratio; on Nasdaq, a 1.95-to-1 ratio favored decliners.The S&P 500 posted 62 new 52-week highs and no new lows; the Nasdaq Composite recorded 284 new highs and 68 new lows.Volume on U.S. exchanges was 14 billion shares, compared with the 14.9 billion average for the full session over the last 20 trading days.","news_type":1,"symbols_score_info":{"AAPL":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}