U.S. stocks closed lower Tuesday as investors braced for the Federal Reserve's interest-rate decision on Wednesday. The S&P 500 fell 0.45% to 7,585.73, the Dow Jones Industrial Average dropped 0.63% (328.09 points) to 52,093.11, and the Nasdaq Composite slid 0.78% to 25,981.57. The small-cap Russell 2000 lost 0.76%.
The pressure came from two directions at once. The 10-year Treasury yield climbed to roughly 5.02% intraday, its highest level since 2007, as traders weighed whether the Fed will hold rates steady, cut, or even raise them at Wednesday's meeting. At the same time, oil prices jumped again — Brent crude traded near $107-108 a barrel — on continued Middle East tensions and a reported Saudi pipeline disruption, reviving inflation worries just as the Fed weighs its next move. Higher long-term yields hit richly valued growth and high-multiple names hardest, since future earnings are discounted more heavily when borrowing costs rise.
Not every stock moved with the broader market. Skyworks Solutions jumped roughly 10% and Dell Technologies rose more than 5%, helping some chip and hardware names buck the day's slide even as the major indexes fell. On the downside, Enova International and Dave & Buster's each dropped double digits, and Axon Enterprise — the Taser and body-camera maker — was among the S&P 500's worst performers, falling sharply as its high valuation made it especially sensitive to the day's surge in yields. Separately, Wells Fargo trimmed its year-end S&P 500 target to 7,700, citing 5%-10% of near-term downside risk.
All eyes now turn to Wednesday afternoon, when the Federal Reserve announces its rate decision. Markets have been divided on whether hot energy prices and firm inflation data will keep the Fed on hold, or whether slowing growth will still tip policymakers toward a cut.
9월 15일(화) 뉴욕증시는 다음 날 있을 연방준비제도(Fed)의 금리 결정을 앞두고 일제히 하락했다. S&P500 지수는 0.45% 내린 7,585.73, 다우존스산업평균지수는 0.63%(328.09포인트) 하락한 52,093.11, 나스닥종합지수는 0.78% 떨어진 25,981.57에 장을 마쳤다. 10년물 국채금리가 장중 약 5.02%까지 오르며 2007년 이후 최고치를 기록했고, 중동 긴장과 사우디 송유관 차질 우려로 브렌트유 가격이 배럴당 107~108달러 선까지 급등하며 인플레이션 우려를 다시 자극했다. 이런 흐름 속에 스카이웍스 솔루션(Skyworks Solutions)과 델 테크놀로지스(Dell Technologies) 등 일부 반도체·하드웨어 종목은 강세를 보인 반면, 에노바 인터내셔널(Enova International)과 데이브앤버스터스(Dave & Buster's)는 두 자릿수 낙폭을 기록했고, 테이저 제조사 액손 엔터프라이즈(Axon Enterprise)도 고평가 부담 속에 S&P500 최하위권으로 밀려났다. 웰스파고는 연말 S&P500 목표치를 7,700으로 낮추며 5~10%의 추가 하락 가능성을 경고했다. 시장의 관심은 이제 수요일 오후 발표될 연준의 금리 결정으로 쏠리고 있다.
Sources: Yahoo Finance, TheStreet, Google Finance, Kiplinger, Barron's / 자료: 야후 파이낸스, 더스트리트, 구글 파이낸스, 키플링거, 배런스
