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2021-09-27

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Stocks fall to start the week as rising yields hit tech stocks

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Dow Jones Industrial Average rose as energy stocks and bank shares rose.\n<img src=\"https://static.tigerbbs.com/7ce20ebe5a0a86e685985d0009dd367c\" tg-width=\"1062\" tg-height=\"494\" referrerpolicy=\"no-referrer\">\nAlphabet, Apple and Nvidia were lower in early trading, weighing the S&amp;P 500 and Nasdaq.\nThe retreat for tech stocks came as Treasury yields pushed higher. The&nbsp;10-year Treasury yield&nbsp;increased on economic optimism and inflation fears, briefly topping 1.5% on Monday. That’s the highest since June and up from 1.30% at the end of August.\n“We believe that these [bond market] moves have provided the spark for another ‘Value Rip’ across equity markets. In our view, the direction of longer-term interest rates should remain the #1 driver of market returns, sector rotation &amp; thematic performance in the weeks ahead,” Chris Senyek of Wolfe Research said in a note to clients.\nAlso weighing on sentiment was a potential government shutdown to end the week.\nStocks linked to the economic comeback led the premarket gains as U.S. Covid cases continued to roll over. There were 114,000 new cases, on average, the last 7 days through Friday, down from a 7-day average of about 160,000 cases at the peak of this latest wave in early September, according to the CDC.\nPfizer CEO Albert Bourla said on Sunday that he thought the U.S. could return to normal “within a year” though annual vaccinations might be needed.\nAdditionally, the August reading for durable goods orders came in well above expectations on Monday, powered in large part by a jump for the transport sector.\nCarnival Corp rose nearly 3% and United Airlines added 1.7% in early trading. Shares of Goldman Sachs rose 2% as higher rates appeared to boost bank stocks.\nExxon Mobil and Occidental Petroleum led gains in the energy sector as WTI crude continued its September run, topping $74 a barrel.\nGovernment shutdown?\nInvestors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.\nHouse Speaker&nbsp;Nancy Pelosi&nbsp;said Sunday&nbsp;that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline.\nCongress must pass a new budget by the end of September to avoid a shutdown, and lawmakers must also figure out a way to increase or suspend the debt ceiling in October before the U.S. would default on its debt for the first time.\n“DC will start garnering more attention in the coming weeks as the political calculus around passing infrastructure bills and the debt ceiling debate likely guarantees some market moving headlines,” wrote Tavis McCourt, institutional equity strategist at Raymond James.\nThe blue-chip Dow finished the week 0.6% higher, breaking a three-week losing streak. The S&amp;P 500 rose 0.5% on the week, while the tech-heavy Nasdaq Composite edged up 0.02% last week.\n“The market recovery indicated that the buy-the-dip mentality remains,” Mark Hackett, chief of investment research at Nationwide, said in a note.\nSo far, September is living up to its reputation for volatility and weakness as major averages have all registered modest losses. The S&amp;P 500 is off by 1.5%, on track to post its first negative month since January. The broad equity benchmark is about 2% off its record high from Sept. 2. The Dow is down 1.6% for the month, while the Nasdaq is down 1.4%.\nBut overall, investors continue to buy the dip for stocks. The S&amp;P 500 fell as much as 4% from its record during the month before turning around. Friday was 224 trading days since the last 5% pullback, the 8th longest streak since 1930, according to Goldman Sachs.\n“We continue to exercise caution in the near term, especially as we enter the seasonally weakest part of the year (late September — mid-October),” Larry Adam, CIO at Raymond James, said in a note. “However, given continued robust economic growth, our bias is to hold existing equity exposure or add opportunistically on weakness.”\nElsewhere, bitcoin rebounded about 2% to $43,454 after dropping 5% on Friday. The sell-off came after China’s central bank&nbsp;declared all cryptocurrency-related activities illegal.","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>Stocks fall to start the week as rising yields hit tech stocks</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\">\nStocks fall to start the week as rising yields hit tech stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-09-27 21:32\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nThe S&amp;P 500 was under pressure on Monday as traders braced for the final week of a volatile Septe\nThe broad market index fell by 0.2% and the Nasdaq Composite shed 0.6% as tech stocks showed weakness in premarket trading. Dow Jones Industrial Average rose as energy stocks and bank shares rose.\n<img src=\"https://static.tigerbbs.com/7ce20ebe5a0a86e685985d0009dd367c\" tg-width=\"1062\" tg-height=\"494\" referrerpolicy=\"no-referrer\">\nAlphabet, Apple and Nvidia were lower in early trading, weighing the S&amp;P 500 and Nasdaq.\nThe retreat for tech stocks came as Treasury yields pushed higher. The&nbsp;10-year Treasury yield&nbsp;increased on economic optimism and inflation fears, briefly topping 1.5% on Monday. That’s the highest since June and up from 1.30% at the end of August.\n“We believe that these [bond market] moves have provided the spark for another ‘Value Rip’ across equity markets. In our view, the direction of longer-term interest rates should remain the #1 driver of market returns, sector rotation &amp; thematic performance in the weeks ahead,” Chris Senyek of Wolfe Research said in a note to clients.\nAlso weighing on sentiment was a potential government shutdown to end the week.\nStocks linked to the economic comeback led the premarket gains as U.S. Covid cases continued to roll over. There were 114,000 new cases, on average, the last 7 days through Friday, down from a 7-day average of about 160,000 cases at the peak of this latest wave in early September, according to the CDC.\nPfizer CEO Albert Bourla said on Sunday that he thought the U.S. could return to normal “within a year” though annual vaccinations might be needed.\nAdditionally, the August reading for durable goods orders came in well above expectations on Monday, powered in large part by a jump for the transport sector.\nCarnival Corp rose nearly 3% and United Airlines added 1.7% in early trading. Shares of Goldman Sachs rose 2% as higher rates appeared to boost bank stocks.\nExxon Mobil and Occidental Petroleum led gains in the energy sector as WTI crude continued its September run, topping $74 a barrel.\nGovernment shutdown?\nInvestors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.\nHouse Speaker&nbsp;Nancy Pelosi&nbsp;said Sunday&nbsp;that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline.\nCongress must pass a new budget by the end of September to avoid a shutdown, and lawmakers must also figure out a way to increase or suspend the debt ceiling in October before the U.S. would default on its debt for the first time.\n“DC will start garnering more attention in the coming weeks as the political calculus around passing infrastructure bills and the debt ceiling debate likely guarantees some market moving headlines,” wrote Tavis McCourt, institutional equity strategist at Raymond James.\nThe blue-chip Dow finished the week 0.6% higher, breaking a three-week losing streak. The S&amp;P 500 rose 0.5% on the week, while the tech-heavy Nasdaq Composite edged up 0.02% last week.\n“The market recovery indicated that the buy-the-dip mentality remains,” Mark Hackett, chief of investment research at Nationwide, said in a note.\nSo far, September is living up to its reputation for volatility and weakness as major averages have all registered modest losses. The S&amp;P 500 is off by 1.5%, on track to post its first negative month since January. The broad equity benchmark is about 2% off its record high from Sept. 2. The Dow is down 1.6% for the month, while the Nasdaq is down 1.4%.\nBut overall, investors continue to buy the dip for stocks. The S&amp;P 500 fell as much as 4% from its record during the month before turning around. Friday was 224 trading days since the last 5% pullback, the 8th longest streak since 1930, according to Goldman Sachs.\n“We continue to exercise caution in the near term, especially as we enter the seasonally weakest part of the year (late September — mid-October),” Larry Adam, CIO at Raymond James, said in a note. “However, given continued robust economic growth, our bias is to hold existing equity exposure or add opportunistically on weakness.”\nElsewhere, bitcoin rebounded about 2% to $43,454 after dropping 5% on Friday. The sell-off came after China’s central bank&nbsp;declared all cryptocurrency-related activities illegal.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","OXY":"西方石油","GOOG":"谷歌","XOM":"埃克森美孚",".DJI":"道琼斯","UAL":"联合大陆航空","CCL":"嘉年华邮轮",".IXIC":"NASDAQ Composite","GOOGL":"谷歌A","AAPL":"苹果",".SPX":"S&P 500 Index","NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183248288","content_text":"The S&P 500 was under pressure on Monday as traders braced for the final week of a volatile Septe\nThe broad market index fell by 0.2% and the Nasdaq Composite shed 0.6% as tech stocks showed weakness in premarket trading. Dow Jones Industrial Average rose as energy stocks and bank shares rose.\n\nAlphabet, Apple and Nvidia were lower in early trading, weighing the S&P 500 and Nasdaq.\nThe retreat for tech stocks came as Treasury yields pushed higher. The 10-year Treasury yield increased on economic optimism and inflation fears, briefly topping 1.5% on Monday. That’s the highest since June and up from 1.30% at the end of August.\n“We believe that these [bond market] moves have provided the spark for another ‘Value Rip’ across equity markets. In our view, the direction of longer-term interest rates should remain the #1 driver of market returns, sector rotation & thematic performance in the weeks ahead,” Chris Senyek of Wolfe Research said in a note to clients.\nAlso weighing on sentiment was a potential government shutdown to end the week.\nStocks linked to the economic comeback led the premarket gains as U.S. Covid cases continued to roll over. There were 114,000 new cases, on average, the last 7 days through Friday, down from a 7-day average of about 160,000 cases at the peak of this latest wave in early September, according to the CDC.\nPfizer CEO Albert Bourla said on Sunday that he thought the U.S. could return to normal “within a year” though annual vaccinations might be needed.\nAdditionally, the August reading for durable goods orders came in well above expectations on Monday, powered in large part by a jump for the transport sector.\nCarnival Corp rose nearly 3% and United Airlines added 1.7% in early trading. Shares of Goldman Sachs rose 2% as higher rates appeared to boost bank stocks.\nExxon Mobil and Occidental Petroleum led gains in the energy sector as WTI crude continued its September run, topping $74 a barrel.\nGovernment shutdown?\nInvestors are monitoring the progress in Washington as lawmakers try to prevent a government shutdown, a default on U.S. debt and the possible collapse of President Joe Biden’s sweeping economic agenda.\nHouse Speaker Nancy Pelosi said Sunday that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline.\nCongress must pass a new budget by the end of September to avoid a shutdown, and lawmakers must also figure out a way to increase or suspend the debt ceiling in October before the U.S. would default on its debt for the first time.\n“DC will start garnering more attention in the coming weeks as the political calculus around passing infrastructure bills and the debt ceiling debate likely guarantees some market moving headlines,” wrote Tavis McCourt, institutional equity strategist at Raymond James.\nThe blue-chip Dow finished the week 0.6% higher, breaking a three-week losing streak. The S&P 500 rose 0.5% on the week, while the tech-heavy Nasdaq Composite edged up 0.02% last week.\n“The market recovery indicated that the buy-the-dip mentality remains,” Mark Hackett, chief of investment research at Nationwide, said in a note.\nSo far, September is living up to its reputation for volatility and weakness as major averages have all registered modest losses. The S&P 500 is off by 1.5%, on track to post its first negative month since January. The broad equity benchmark is about 2% off its record high from Sept. 2. The Dow is down 1.6% for the month, while the Nasdaq is down 1.4%.\nBut overall, investors continue to buy the dip for stocks. The S&P 500 fell as much as 4% from its record during the month before turning around. Friday was 224 trading days since the last 5% pullback, the 8th longest streak since 1930, according to Goldman Sachs.\n“We continue to exercise caution in the near term, especially as we enter the seasonally weakest part of the year (late September — mid-October),” Larry Adam, CIO at Raymond James, said in a note. “However, given continued robust economic growth, our bias is to hold existing equity exposure or add opportunistically on weakness.”\nElsewhere, bitcoin rebounded about 2% to $43,454 after dropping 5% on Friday. The sell-off came after China’s central bank declared all cryptocurrency-related activities illegal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/866158697"}