U.S. stock closing: the United States storage played the strongest "eagle" Indian index plummeted by 1000 points

On Friday, Eastern Time, the three major indexes of the US stocks closed down sharply. Fed Chairman Powell wiped out optimistic emotions, which led to the market for selling.

Powell said at the Annual Meeting of the Central Bank of Jackson that the Fed will continue to raise interest rates. There is a risk of premature relaxation of monetary policy. Fighting inflation will bring economic pain, and market sentiment will be overwhelmed.

Powell did not comment on the prospects of the Fed's September policy meeting directly, but he said that the next interest rate decision "will depend on the overall situation of future data and the prospect of continuous evolution. Tightening, slowing down the pace of interest rate hikes may become appropriate. "

In the past few days, the Fed's eagle speech has become more loud, but the market has almost heard of it. By Friday, Powell issued the strongest "eagle" and gave the market a heavy blow. Investors' expectations for 75 basis points in September also soared to nearly 60%.

In addition to Powell, many Federal Reserve officials have also released signals to continue to raise interest rates. "We need to control inflation, and we will do our best to control inflation. At present, we will see the front line of controlling inflation, but the Fed's actions are still not over."

Cleveland Fed Chairman Mest commented that Powell's speech was strong and appropriate. We will resolutely allow inflation to achieve the goal and do not think that it is time to announce the victory of anti -inflation.

Joe Gilbert, manager of Integrity's investment portfolio, pointed out: "Powell hopes that the monetary policy will be tightened further and wants the market to know that the Fed has not prepared to declare inflation, and it will not soon usher in interest rate cuts. The market has to re -priced this."

Michael Arone, the chief investment strategist of Daofu Global, said: "The most surprising thing is that investors were originally preparing to greet Powell to express tough remarks on the inflation problem, but after he really did this, the stock market began to fall sharply. Investors seemed to be. I naively hoped that Powell's argument would turn, but he increased the credibility of the Fed's anti -inflation. "

However, the former US Treasury Secretary Samers praised Powell, saying that his latest commitment to curb inflation showed firm determination. It is obvious that Powell praised Powell that it would pay for inflation to cool down. It is obvious that the Fed's primary task is to quickly pull inflation from the high level over the past 40 years.

Market dynamics

As of the closing, the Dow fell 1008.38 points, a decline of 3.03%, at 32283.40 points; the Nasda Index fell 497.56 points, a decrease of 3.94%, at 12141.71 points; the S & P 500 index fell 141.46 points, a decrease of 3.37%, at 4057.66 points. The Dow has fallen 4.22%this week, the S & P 500 index fell 4.04%this week, and the Nasda Index fell 4.44%this week.

The 11 sectors of the S & P 500 Index were overwhelmed, and the information technology/technology sector closed down 4.28%to lead. The optional consumption, telecommunications, industry, raw materials, and financial sectors fell at most 3.88%.

The US stock industry ETF closed down the entire line, the technology industry ETF fell 4.27%, the global technology stock index ETF fell 4.16%, the network stock index ETF, optional consumption ETF, biotechnology index ETF, global aviation industry ETF fell 3.98%, financial industry ETF ETF , Medical Industry ETF, banking industry ETF, daily consumer goods ETF, regional bank ETF fell at most 2.99%, ETF fell by 1.17%to the smallest.

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