[Breaking] US Inflation Shock, New York Stock Market Closes Lower... Nasdaq Down 2.10%

[Asia Economy New York=Special Correspondent Joselgina] The three major indices of the US New York Stock Exchange all closed lower on the 10th (local time) due to inflation indicators that exceeded market expectations.

On that day, the Nasdaq index, which is sensitive to interest rates and centered on technology stocks, closed 2.10% lower than the previous session. The Dow Jones Industrial Average fell 1.47%, and the S&P 500 index closed down 1.81%.

This was due to the US January Consumer Price Index (CPI) released that morning exceeding market expectations, spreading concerns about tightening. The January CPI surged 7.5% year-on-year, marking the largest increase since February 1982. Not only did it surpass market forecasts, but the increase was also larger than the previous month (7.0%). The core CPI, which excludes volatile energy and food prices, also soared 6.0% year-on-year.

Immediately after the CPI release, US Treasury yields soared in the New York bond market. The 10-year yield surpassed 2% for the first time since August 2019. As of 4:01 p.m. that day, it recorded 2.05%.

This content was produced with the assistance of AI translation services.