U.S. stocks closed in the black on Wednesday.

(European News Agency file photo)

[Instant News/Comprehensive Report] U.S. manufacturing data showed that inflation may remain high, coupled with the hawkish remarks of U.S. Federal Reserve officials, U.S. bond yields rose, U.S. stocks were under pressure on Wednesday, and TSMC ADR reversed Potential rose 1.55%.

According to comprehensive foreign media reports, the Institute for Supply Management (ISM) survey showed that the US manufacturing industry contracted in February, raw material prices rose last month, and the 10-year US bond yield exceeded 4% for the first time since November last year.

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U.S. stocks stumbled in February after a strong January as investors bet that interest rates would rise more than initially expected as the labor market remained tight and inflation did not recede as quickly as expected.

Minneapolis Fed President Neel Kashkari said he was open to raising interest rates by 25 basis points or 50 basis points in March, further fueling concerns about the central bank's aggressiveness. worry.

Investors will judge the direction of interest rates based on monthly U.S. employment and consumer price data in the next few days.

The Dow Jones Industrial Average fell 5.14 points, or 0.02%, to close at 32,661.84.

The Nasdaq fell 76.06 points, or 0.66%, to close at 11,379.48.

The S&P 500 index fell 18.76 points, or 0.47%, to close at 3951.39 points.

The Philadelphia Semiconductor Index fell 2.56 points, or 0.09%, to close at 2955.83 points.

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