[New York Stock Market] Rebound Buying Influx... Nasdaq Up 0.6%

The major indices of the U.S. New York stock market closed slightly higher on the 27th (local time) as some rebound buying came in following last week's excessive decline.

On the day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 32,889.09, up 72.17 points (0.22%) from the previous session. The S&P 500, which focuses on large-cap stocks, rose 12.20 points (0.31%) to 3,982.24, and the tech-heavy Nasdaq index closed at 11,466.98, up 72.04 points (0.63%). The market opened higher due to rebound buying following last week's decline.

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On the day, the market closely watched durable goods orders, movements in Treasury yields, and concerns about inflation. The U.S. Department of Commerce announced that durable goods orders in January fell 4.5% from the previous month to $272.3 billion. This was influenced by volatility in aircraft orders, and excluding transportation equipment, orders increased 0.7% compared to the previous month. Durable goods orders are a leading indicator that can gauge manufacturing trends. Durable goods orders are related to factory operating rates, corporate capital investment, and employment, thus reflecting the real economy.

On the day, the 2-year Treasury yield reached 4.78%, hitting the highest level since 2007, as investors priced in the possibility of prolonged inflation risks. Before the market opened, it even surged to 4.85%. The 10-year Treasury yield rose to 3.9%. The U.S. bond market showed an upward trend as the possibility that the Federal Reserve (Fed) will continue raising interest rates increased.

Ross Mayfield, an investment strategy analyst at Baird, explained to CNBC, "Market interest in rising inflation is increasing, and the possibility that the Fed will continue raising interest rates is driving stock price gains."

The market is also paying attention to the trends of companies scheduled to report earnings this week. Six percent of companies listed on the S&P 500 have yet to announce their earnings. This week, companies such as Costco, Macy's, and Target will report their earnings.

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