More than expected to hit the largest year-on-year growth rate of more than two years in February U.S. PPI shows increased inflationary pressure, U.S. bond yields soared, U.S. stocks are under pressure again, plate performance divergence, Thursday’s downturn in financial stocks rebounded, technology stocks restarted the decline.
Friday, the U.S. stocks after the release of pre-market PPI data, the U.S. 10-year Treasury yield quickly regained 1.60%, the U.S. stocks in the morning session was the first Time since February last year rose through 1.64%, the maximum intraday rise of more than 10 basis points. 30-year Treasury yield U.S. stocks in early trading had risen above 2.4%, approaching the high of 2.4162% on January 2 last year, the intraday rise of more than 10 basis points.
The three major U.S. stock indexes varied in early trading, U.S. bond yields hit a one-year high when the S&P 500 maintained a decline of 0.4% to 0.5%, the Nasdaq fell more than 1%, the Dow maintained a gain of more than 100 points.
S&P 500’s 11 sectors, early information technology fell more than 1.5% to lead the decline, telecommunications services also fell more than 1%; financial and non-essential consumer goods rose more than 1% to lead the rise, other sectors were up or down by no more than 0.6%.
Technology stocks, FAANMG six major technology stocks fell, Facebook fell more than 3% to lead the decline, Apple, Nifty, Google parent company Alphabet fell more than 2%; tesla once fell more than 4%. Semiconductor stocks, CREE, ON Semiconductor, BRKS still fell more than 3%; Philadelphia Semiconductor Index and semiconductor ETF SOXX are down more than 2%.
The big bank stocks rose, Wells Fargo rose more than 2.1%, Bank of America, Morgan Stanley, Goldman Sachs, Citi, JPMorgan Chase and so on are up more than 1%.
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