The United States stock market rose on Wednesday, and the sale, led by the technology unit on the previous day, slowed down. The immediate cause of this emotional recovery was the unexpected announcement by the United States Treasury Department to scale up long-term government debt buy-backs, which eased the pressure on the debt market and gave the US share short-line breathing space.
The Dow Jones index opens up 120 points, the Standard 500 index rises 0.32 per cent and the NASDAQ index rises 0.40 per cent. Shortly after the opening, the dot-finger increase once increased to over 200 points. However, the subsequent increase in the repulsion component of the Bepp 500 indicates that the rebound base remains fragile.
Ministry of Finance extended long-term debt buy-back
The United States Department of the Treasury indicated that, from 9 September, the level of liquidity support for repurchases of 10 to 30-year-old national debt would be doubled. The single operating cap would rise from $2 billion to at least $4 billion.
This arrangement boosted the recovery in long-term United States debt prices and led to a fall in returns. The previous day, the bond market had experienced a marked sale, with annual rates of return on United States debt rising to 4.747 per cent and annual rates of return rising to 5.32 per cent, a high rate since June 2007. By Wednesday morning, the annual rate of return had fallen to around 4.70 per cent.
Technology is still subject to interest rates.
Falling rates of return are particularly important for the technology unit. The increase in long-term interest rates would lower the market ' s valuation of future profits, which was an important reason for the previous day ' s pressure on the technology plate. On Tuesday, the standard 500 IT plates fell by 1.9 per cent and the Philadelphia semiconductor index by 5 per cent.
Despite a rebound on Wednesday, the Beacon 500 quickly encountered resistance. The midpoint of the disk shows that the index is back close to 7698 points and is still not far above the critical support area of the short line. Markets are concerned mainly with points 7740 to 7760, points 7673 to 7693 and points 7633 to 7657.
The short line still has the opportunity to go up to the resistance zone again, if PB 500 can hold points 7673 to 7693. In the event of a collapse of 7673 points, the structure of the disk may be weaker and the focus of the market will be redirected to a lower level of support.
The market turned to Fed records.
Compared to the pamphlet and the nab, the dow is standing above 53,000 points, and the overall upward trend has not been disrupted. Short-term trading sentiment, however, remains highly dependent on bond yields and monetary policy signals.
In one case, the medical plate became a flashpoint. Moderna achieved key targets in the late melanoma test as a result of the personalized MRNA cancer therapy developed in cooperation with Meshatung, which at one time increased by about 90 per cent; Mercatron increased by 7.5 per cent.
The next focus of the market is that the Fed will publish a summary of its meeting on Wednesday, July 28-29, at 2 p.m. United States time. The Fed maintained interest rates between 3.5 and 3.75 per cent at the time, but three policymakers supported an increase of 25 basis points, indicating that internal differences over inflation risk were more pronounced.
If the rate of return on the United States debt continues to fall, it is likely that the pamphlet 500 and the nayms will continue the recovery; if the proceedings re-energize the market ' s concerns about the tightening of policies, the rate of return rises again, and the pamphlet 500 will be tested again in the position around points 7673 to 7693.
