Phố Wall sụt giảm khi lạm phát xoắn ốc làm xi măng tăng lãi suất

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Tác giả : proforex
Lúc 01:12, 11/03/22

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* U.S. consumer prices surge 7.9% y-o-y in February

* Banks, big tech stocks fall after sharp rally

* Amazon climbs after stock split, new buyback plan

* Indexes down: Dow 1.18%, S&P 1.33%, Nasdaq 1.97%

By Devik Jain and Sabahatjahan Contractor

March 10 (Reuters) - The tech-heavy Nasdaq fell nearly 2% on Thursday as U.S. inflation rose to a four-decade high in February, cementing the chances of the Federal Reserve raising interest rate later this month.

Monthly consumer prices rose 7.9% in February from a year earlier, the Labor Department data showed, matching economists' expectations.

Investors fear it would accelerate further in the coming months as Russia's war against Ukraine drives up the costs of oil and other commodities.

"Between wages and energy prices this inflation has been pushing much higher. It just confirmed for everyone that inflation is stubbornly high," said Mike Skillman, chief executive officer of Faith Investor Services.

Fed Chair Jerome Powell had said he would back a quarter point rate increase when the central bank meets next week and would be "prepared to move more aggressively" later, if inflation does not abate as fast as expected.

Ten of the 11 major S&P sectors declined. Technology stocks .SPLRCT , which had led a rally in the previous session, led the losses with a 2.9% decline.

Chipmakers .SOX slid 3.4%, while megacap names Apple Inc AAPL.O and Tesla Inc TSLA.O slumped 3.4% and 4.2%, respectively.

A rise in U.S. 10-year Treasury yield US10YT=RR to near 2% also hit rate-sensitive tech stocks as their value rests heavily on future earnings, which are discounted more deeply when rates go up.

The S&P 500 growth index .IGX has lost 16.7% so far this year compared to a 5.7% decline in its value counterpart .IVX , which was supported by a surge in energy shares.

Energy shares .SPNY climbed 2.4% after taking a breather on Wednesday.

Meanwhile, traders now expect a 95% chance of a 25-basis point hike by the Fed in its March meeting.

Big banks fell, with Citigroup C.N dropping 2.8%. Goldman Sachs Group Inc GS.N said it was closing operations in Russia, becoming the first major Wall Street bank to exit the country following Moscow's invasion of Ukraine.

Ukraine said Moscow had ignored its plea for humanitarian access, as the opposing sides yielded nothing at the highest level talks since the Russian invasion began.

"The stock market is going to remain very volatile based on the day-to-day news coming out of Ukraine, potentially any further sanctions that the U.S. and the NATO allies impose upon Russia and the reaction from Putin," said Jimmy Lee, chief executive officer of the Wealth Consulting Group.

At 11:57 a.m. ET, the Dow Jones Industrial Average .DJI was down 392.16 points, or 1.18%, at 32,894.09, the S&P 500 .SPX was down 56.90 points, or 1.33%, at 4,220.98, and the Nasdaq Composite .IXIC was down 261.13 points, or 1.97%, at 12,994.42.

Cổ phiếu của Amazon.com Inc AMZN.O đã tăng 5,2% sau khi hội đồng quản trị của nó thông qua việc chia tỷ lệ 20 tặng 1 đối với cổ phiếu phổ thông của gã khổng lồ thương mại điện tử và cho phép kế hoạch mua lại trị giá 10 tỷ USD.

Số lượng phát hành giảm nhiều hơn số mã tăng giá với tỷ lệ 3,20 trên 1 trên NYSE và tỷ lệ 3,38 trên 1 trên Nasdaq.

Chỉ số S&P ghi nhận hai mức cao mới trong 52 tuần và 10 mức thấp mới, trong khi Nasdaq ghi nhận 19 mức cao mới và 132 mức thấp mới.
Báo cáo của Devik Jain và Nhà thầu Sabahatjahan ở Bengaluru; Biên tập bởi Vinay Dwivedi và Arun Koyyur

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