Jasonlim
2021-05-26
Gold commodity rose
Dow snaps 3-day win streak as stocks end lower
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The Dow rose 185.14 points, or 0.5%, to finish at 34,393.98. The S&P 500 advanced 1%, while the Nasdaq Composite closed with a gain of 1.5%.</p><p><b>What's driving the market?</b></p><p>Stocks fell Tuesday after the Conference Board said its survey-based U.S. consumer-confidence index slipped to 117.2 in May from a revised 117.5 a month earlier. The original April reading was notably higher at 121.7 and had marked a pandemic high.</p><p>Consumer confidence remains higher than last year, \"but is not at pre-COVID levels,\" said Alessio de Longis, senior portfolio manager at Invesco, in a phone interview Tuesday. \"The consumer tends to come later in the cycle,\" he said, adding that there's still room for confidence to build in the economic recovery.</p><p>\"Worries about prospects beyond the reopening are likely weighing on consumer attitudes although easing health concerns alongside an economic reopening that will bring back jobs and restore incomes should provide some support over coming months,\" said Rubeela Farooqi, chief U.S. economist at High Frequency Economics, in a note.</p><p>Meanwhile, investors remain focused on inflation and inflation expectations. Rising inflation has been blamed for heightened stock-market volatility after data earlier this month showed the consumer-price index rose 4.2% year-over-year in April. The data prompted fears the Federal Reserve could move earlier than anticipated to begin pulling back on its monetary policy accommodation.</p><p>Since then, Fed officials, with few exceptions , have offered reassurances that they view near-term inflation pressures as transitory, signaling they would look through a near-term pickup in price pressures as the economy recovers from the coronavirus pandemic.</p><p>For example, the recent strong U.S. inflation readings are not the start of a steady move higher in consumer prices, Chicago Fed President Charles Evans said on Tuesday .</p><p>\"As a chorus of Fed officials reiterated that the recent pickup in inflation would be transitory, investor fears were soothed about rising prices forcing higher interest rates,\" said Lukman Otunuga, senior research analyst at FXTM, in a note. \"U.S. equity bulls rejoiced on this development, encouraging buying in expensive growth stocks in sectors such as technology.\"</p><p>Yields for long-dated U.S. government debt on Tuesday fell for a fourth straight session, carving out their lowest level in about three weeks.</p><p>Reassurances by Fed officials, however, haven't fully erased investor worries, he said, which means markets will remain highly sensitive to changes in inflation expectations and remarks by policy makers.</p><p>\"Obviously the Fed is trying to calm the markets,\" Nanette Abuhoff Jacobson, global investment strategist for Hartford Funds, said Tuesday in an interview. \"They have a really high tolerance for inflation.\"</p><p>While the Fed keeps reiterating that it's transitory, she believes inflation is \"stickier,\" partly because she sees \"bottlenecks in freight, goods and labor\" pushing prices higher for longer than investors may be expecting. The Hartford Funds strategist expects inflationary pressures will lead to higher volatility in the stock market, and recommends investors protect their portfolios with bets on \"value\" and real assets.</p><p>Evans on Tuesday reiterated the transitory inflation message, while also noting that a Friday reading of the Fed's preferred inflation measure, the personal consumption expenditure index for April, was likely to see a significant increase.</p><p>\"It is important to emphasize that the recent increase in inflation does not appear to be the precursor of a persistent movement to undesirably high levels of inflation,\" said Evans, who is a 2021 voting member of the policy-setting Federal Open Market Committee, in a speech to a virtual conference sponsored by the Bank of Japan.</p><p>Investors were also sifting through housing data. New home sales fell in April by ne on an annual basis in March.</p><p>\"It's not a concern to us,\" de Longis said of the month-on-month decline in new home sales. It's not a \"red flag that growth in the economy is about to see a stop.\"</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>Dow snaps 3-day win streak as stocks end lower</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; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nDow snaps 3-day win streak as stocks end lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-26 04:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks closed lower Tuesday after a weaker-than-expected reading on consumer confidence, while downside risks appeared limited by signs that efforts by Federal Reserve officials to soothe worries over a pickup in inflation were bearing fruit as bond yields eased further.</p><p><b>What are major indexes doing?</b></p><p>On Monday, stocks rose, with technology shares leading the way. The Dow rose 185.14 points, or 0.5%, to finish at 34,393.98. The S&P 500 advanced 1%, while the Nasdaq Composite closed with a gain of 1.5%.</p><p><b>What's driving the market?</b></p><p>Stocks fell Tuesday after the Conference Board said its survey-based U.S. consumer-confidence index slipped to 117.2 in May from a revised 117.5 a month earlier. The original April reading was notably higher at 121.7 and had marked a pandemic high.</p><p>Consumer confidence remains higher than last year, \"but is not at pre-COVID levels,\" said Alessio de Longis, senior portfolio manager at Invesco, in a phone interview Tuesday. \"The consumer tends to come later in the cycle,\" he said, adding that there's still room for confidence to build in the economic recovery.</p><p>\"Worries about prospects beyond the reopening are likely weighing on consumer attitudes although easing health concerns alongside an economic reopening that will bring back jobs and restore incomes should provide some support over coming months,\" said Rubeela Farooqi, chief U.S. economist at High Frequency Economics, in a note.</p><p>Meanwhile, investors remain focused on inflation and inflation expectations. Rising inflation has been blamed for heightened stock-market volatility after data earlier this month showed the consumer-price index rose 4.2% year-over-year in April. The data prompted fears the Federal Reserve could move earlier than anticipated to begin pulling back on its monetary policy accommodation.</p><p>Since then, Fed officials, with few exceptions , have offered reassurances that they view near-term inflation pressures as transitory, signaling they would look through a near-term pickup in price pressures as the economy recovers from the coronavirus pandemic.</p><p>For example, the recent strong U.S. inflation readings are not the start of a steady move higher in consumer prices, Chicago Fed President Charles Evans said on Tuesday .</p><p>\"As a chorus of Fed officials reiterated that the recent pickup in inflation would be transitory, investor fears were soothed about rising prices forcing higher interest rates,\" said Lukman Otunuga, senior research analyst at FXTM, in a note. \"U.S. equity bulls rejoiced on this development, encouraging buying in expensive growth stocks in sectors such as technology.\"</p><p>Yields for long-dated U.S. government debt on Tuesday fell for a fourth straight session, carving out their lowest level in about three weeks.</p><p>Reassurances by Fed officials, however, haven't fully erased investor worries, he said, which means markets will remain highly sensitive to changes in inflation expectations and remarks by policy makers.</p><p>\"Obviously the Fed is trying to calm the markets,\" Nanette Abuhoff Jacobson, global investment strategist for Hartford Funds, said Tuesday in an interview. \"They have a really high tolerance for inflation.\"</p><p>While the Fed keeps reiterating that it's transitory, she believes inflation is \"stickier,\" partly because she sees \"bottlenecks in freight, goods and labor\" pushing prices higher for longer than investors may be expecting. The Hartford Funds strategist expects inflationary pressures will lead to higher volatility in the stock market, and recommends investors protect their portfolios with bets on \"value\" and real assets.</p><p>Evans on Tuesday reiterated the transitory inflation message, while also noting that a Friday reading of the Fed's preferred inflation measure, the personal consumption expenditure index for April, was likely to see a significant increase.</p><p>\"It is important to emphasize that the recent increase in inflation does not appear to be the precursor of a persistent movement to undesirably high levels of inflation,\" said Evans, who is a 2021 voting member of the policy-setting Federal Open Market Committee, in a speech to a virtual conference sponsored by the Bank of Japan.</p><p>Investors were also sifting through housing data. New home sales fell in April by ne on an annual basis in March.</p><p>\"It's not a concern to us,\" de Longis said of the month-on-month decline in new home sales. It's not a \"red flag that growth in the economy is about to see a stop.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138199614","content_text":"U.S. stocks closed lower Tuesday after a weaker-than-expected reading on consumer confidence, while downside risks appeared limited by signs that efforts by Federal Reserve officials to soothe worries over a pickup in inflation were bearing fruit as bond yields eased further.What are major indexes doing?On Monday, stocks rose, with technology shares leading the way. The Dow rose 185.14 points, or 0.5%, to finish at 34,393.98. The S&P 500 advanced 1%, while the Nasdaq Composite closed with a gain of 1.5%.What's driving the market?Stocks fell Tuesday after the Conference Board said its survey-based U.S. consumer-confidence index slipped to 117.2 in May from a revised 117.5 a month earlier. The original April reading was notably higher at 121.7 and had marked a pandemic high.Consumer confidence remains higher than last year, \"but is not at pre-COVID levels,\" said Alessio de Longis, senior portfolio manager at Invesco, in a phone interview Tuesday. \"The consumer tends to come later in the cycle,\" he said, adding that there's still room for confidence to build in the economic recovery.\"Worries about prospects beyond the reopening are likely weighing on consumer attitudes although easing health concerns alongside an economic reopening that will bring back jobs and restore incomes should provide some support over coming months,\" said Rubeela Farooqi, chief U.S. economist at High Frequency Economics, in a note.Meanwhile, investors remain focused on inflation and inflation expectations. Rising inflation has been blamed for heightened stock-market volatility after data earlier this month showed the consumer-price index rose 4.2% year-over-year in April. The data prompted fears the Federal Reserve could move earlier than anticipated to begin pulling back on its monetary policy accommodation.Since then, Fed officials, with few exceptions , have offered reassurances that they view near-term inflation pressures as transitory, signaling they would look through a near-term pickup in price pressures as the economy recovers from the coronavirus pandemic.For example, the recent strong U.S. inflation readings are not the start of a steady move higher in consumer prices, Chicago Fed President Charles Evans said on Tuesday .\"As a chorus of Fed officials reiterated that the recent pickup in inflation would be transitory, investor fears were soothed about rising prices forcing higher interest rates,\" said Lukman Otunuga, senior research analyst at FXTM, in a note. \"U.S. equity bulls rejoiced on this development, encouraging buying in expensive growth stocks in sectors such as technology.\"Yields for long-dated U.S. government debt on Tuesday fell for a fourth straight session, carving out their lowest level in about three weeks.Reassurances by Fed officials, however, haven't fully erased investor worries, he said, which means markets will remain highly sensitive to changes in inflation expectations and remarks by policy makers.\"Obviously the Fed is trying to calm the markets,\" Nanette Abuhoff Jacobson, global investment strategist for Hartford Funds, said Tuesday in an interview. \"They have a really high tolerance for inflation.\"While the Fed keeps reiterating that it's transitory, she believes inflation is \"stickier,\" partly because she sees \"bottlenecks in freight, goods and labor\" pushing prices higher for longer than investors may be expecting. The Hartford Funds strategist expects inflationary pressures will lead to higher volatility in the stock market, and recommends investors protect their portfolios with bets on \"value\" and real assets.Evans on Tuesday reiterated the transitory inflation message, while also noting that a Friday reading of the Fed's preferred inflation measure, the personal consumption expenditure index for April, was likely to see a significant increase.\"It is important to emphasize that the recent increase in inflation does not appear to be the precursor of a persistent movement to undesirably high levels of inflation,\" said Evans, who is a 2021 voting member of the policy-setting Federal Open Market Committee, in a speech to a virtual conference sponsored by the Bank of Japan.Investors were also sifting through housing data. New home sales fell in April by ne on an annual basis in March.\"It's not a concern to us,\" de Longis said of the month-on-month decline in new home sales. It's not a \"red flag that growth in the economy is about to see a stop.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/136081580"}
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