Dow Jones Endeksi, Bond Verimlerinin Yükselişiyle Üçüncü Gün Düşüşte; Piyasalar Ne Yönde

Kısaca

Dow üç günlük düşüş kaydetti; 5,50% seviyesinde 30 yıllık ABD Hazine getirileri zirve yaptı Piyasalarda uzun vadeli getiriler artarken bazı şirketler baskılanıyor eşgüdümle hareket eden enerji ve finans hisse performansı yakından izlenecek

Ana mesele

Dow Jones Endeksi üçüncü günlük düşüşte; uzun vadeli ABD Hazine getirileri yükseliyor

Ne değişti?

Piyasalarda getirilerin yükselmesiyle Demiryolu endeksi düşüşte, Netflix yoksa değil

Beni nasıl etkiler?

Yatırımcılar için risk iştahı baskılanabilir

Ne oldu?

Dow Jones Endeksi üçüncü gün düşüş gösterdi; ABD 30 yıllık hazine getirileri %5,50 seviyesinde görüldü

Neden şimdi?

Fed yetkililerinin faiz artışına ilişkin net mesajı sürüyor ve petrol-botu dengesi volatil

Neden önemli?

Hisse senedi piyasaları ve kur riski doğrudan etkilenir

Kimler etkileniyor?

• Borsaya bağlı yatırımcılar
• Kurumsal yatırımcılar
• Bankalar ve finans kurumları
• Tüketici ve gayrimenkul sektörleri

Sektör ve piyasa etkisi

Finansal ve enerji hisselerinde baskı artabilir

Riskler

• Gelişmiş piyasalarda volatilitenin sürmesi
• Hazine getirilerinin daha da yükselmesi
• Faiz oranı belirsizliği

Takip edilmesi gerekenler

• Fed yetkililerinin iletişimi
• Petrol fiyatlarındaki hareketler
• Uluslararası diyaloglar ve riskler
• Hisse senedi endekslerinde destek/direnç seviyeleri

Haberin tamamı

DJIA closes at its lowest since mid-June, its third straight losing session.The 30-year US Treasury yield hit 5.50%, its highest since June 2004.The 30-year Treasury yield touched 5.50% on Thursday, and two Fed officials gave bond buyers no reason to expect relief. New York Fed President Williams said another rate increase this year looks reasonable, and Philadelphia Fed President Paulson said rates may need to rise a little more. Sherwin-Williams (SHW), which sells paint into a housing market priced off long-term rates, was among the Dow's three biggest losers with Walmart (WMT) and International Business Machines (IBM). Stocks came off their lows after Reuters reported that US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz. Brent still finished above $106 a barrel, up on the day, on a report that tankers may soon be able to use the strait again.The index closed at its lowest since mid-June after dipping to the 51,100 area, beneath the September 16 low near 51,200. It has now given back about 70% of the June-to-August rally that peaked near 54,750. The S&P 500 finished flat and the Nasdaq Composite edged higher, so the Dow was the only one of the three to fall. It ended the day well below its 50-day moving average, a smoothed line of recent closes near 52,500 that has stayed above the index since the second week of September. The daily Stochastic Relative Strength Index (Stoch RSI), a momentum gauge, fell under 20 for the first time since late July.Dow Jones daily chart

The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It is calculated by summing the prices of the constituent stocks and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, who also founded the Wall Street Journal. In later years it has been criticized for not being broadly representative enough because it only tracks 30 conglomerates, unlike broader indices such as the S&P 500.

What factors impact the Dow Jones Industrial Average?

Many different factors drive the Dow Jones Industrial Average (DJIA). The aggregate performance of the component companies revealed in quarterly company earnings reports is the main one. US and global macroeconomic data also contributes as it impacts on investor sentiment. The level of interest rates, set by the Federal Reserve (Fed), also influences the DJIA as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions.

Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) and only follow trends where both are moving in the same direction. Volume is a confirmatory criteria. The theory uses elements of peak and trough analysis. Dow’s theory posits three trend phases: accumulation, when smart money starts buying or selling; public participation, when the wider public joins in; and distribution, when the smart money exits.

There are a number of ways to trade the DJIA. One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies. A leading example is the SPDR Dow Jones Industrial Average ETF (DIA). DJIA futures contracts enable traders to speculate on the future value of the index and Options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index.

Kaynaklar

• FXStreet