New York stocks panic on rising 'interest rate' ... Dow Jones' down 4.6%

New York stocks panic on rising 'interest rate' ... Dow Jones' down 4.6%

The three major indexes plunged.

As bond yields rise, 'fears' are widening, so are the signs of a surge.

The Dow Jones industrial average plunged more than 1100 points to 25,000.

The Dow Jones industrial average fell 1175.21 points, or 4.6 percent, to close at 24,445.75.

It dropped to 1597 points at one time.

With the collapse of 25,000 ships, the annual rate of return, which was 6% at the end of January, has all returned.

The Standard & Poor's 500 index fell 113.19 points, or 4.1 percent, to end at 2648.94.

Despite the upswing in early-tech growth, it fell more than 5% from the record high of last month.

The tech-heavy Nasdaq composite index fell 273.42 points, or 3.8 percent, to close at 6967.53.

Apple, Amazon and other large tech upturns in the early brisk but then declined.

Bond yield rises worsened investment sentiment.

The 10-year Treasury yield rose to 2.88 percent from 2.75 percent on the day.

As the near-end of the market close, there was a panic phenomenon such as a sell-off phenomenon.

It is the analysis that the amount of the sell-off by the program sale was poured at once, and it decreased.

The three major indexes have been on a steep rise this year thanks to strong economic indicators and robust corporate earnings.

However, as concerns over rising inflation faded interest rates, the stock market turned to a sharp decline from last week.

In particular, the wage growth rate rose 2.9% year-on-year in the employment data released last week and strengthened inflation outlook.

In addition, the investment sentiment froze in the analysis that the Federal Reserve system is likely to increase interest rates more aggressively.

The Volatility Index (VIX) of the Chicago Option Exchange (CBOE), which is called the Fear Index, soared 85% to 31.80. The daily rate of increase is the highest ever.

The dollar was strong.

Brisk US employment indicators are strengthening inflation outlook.

The US dollar index, which shows the dollar value of the six major currencies in the New York foreign exchange market, rose to 89.47, up 0.3% from the previous day.

A drop in US stocks helped strengthen the dollar.

The dollar / euro exchange rate was 0.5137% lower than the day before to trade at 1.2398 dollars (depreciation of euro). The yen / dollar exchange rate was trading at 109.32 yen (dollar depreciation), a 0.75% decrease from the previous day.

International oil prices have plummeted in the United States as oil production increased and the dollar strengthened.

On the New York Mercantile Exchange, West Texas Intermediate (WTI) for March contract closed at $ 63.94 a barrel, down $ 1.51 or 2.3 percent. It is the lowest in two weeks.

On the London futures exchange, Brent crude for April delivery fell $ 1.03, or 1.5 percent, to $ 67.55 a barrel.

The lowest in two months.

The increase in crude oil production in the United States, which hit a record high in the 50s, rose steadily to below the 10 million barrels a day.

The stronger dollar also put pressure on oil prices.

Commodity prices traded in dollars move against the dollar.

Gold prices have fallen.

The stronger US employment data, including hourly average wages, is likely to boost the Fed's aggressive rate hike and strengthen the dollar's outlook.

Gold futures on the New York Mercantile Exchange ended Friday at $ 1336.50, down 80 cents, or 0.1 percent, from the day before.

It was down 1.5% in the week before last week.

The dollar strengthened the gold price. month

Gold prices traded against the dollar move against the dollar.

The yield on the 10 - year Treasury bond turned to a downward trend, but at the time of the day it hit 2.883%.

High interest rates are negative for commodity prices such as gold, which does not provide interest.

March prices fell 0.2 percent to $ 16.671 an ounce, while copper prices climbed 1.1 percent to $ 3,221.

April platinum plunged 0.4 percent to $ 995.50 an ounce, while palladium plummeted 1.2 percent to $ 1,032.95.