Wall Street Tertekan, S&P 500 Menuju Pekan Negatif Usai Sinyal Hawkish The Fed

U.S. stock indexes traded slightly lower on Friday (September 18), with the S&P 500 little changed and heading toward a negative weekly performance as investors continued to digest the Federal Reserve’s hawkish policy outlook. The S&P 500 edged up 0.1%, while the Nasdaq Composite gained 0.4%. Meanwhile, the Dow Jones Industrial Average slipped 57 points, or 0.1%.

Market sentiment remained under pressure as U.S. Treasury yields moved higher. The 10-year Treasury yield climbed more than 4 basis points to around 4.988%, approaching the 5% level after briefly reaching its highest point since July 2007 earlier this week. Rising yields weighed on equities as investors reassessed the attractiveness of bonds compared with risk assets such as stocks.

On a weekly basis, major U.S. indexes showed mixed performance. The Dow Jones Industrial Average was down more than 1% for the week and was on track for its third consecutive weekly decline. The S&P 500 was also lower by around 0.2% week-to-date, while the technology-heavy Nasdaq Composite remained the strongest performer, gaining approximately 0.7% during the week.

Wall Street had previously staged a strong rebound after investors initially reacted negatively to the Federal Reserve’s decision to raise interest rates by 25 basis points. In the previous session, the Dow Jones gained 316 points or 0.6%, while the S&P 500 jumped 1.1% and the Nasdaq Composite surged 1.7% as investors adjusted their positions following the Fed’s policy announcement.

However, market sentiment remains cautious as the Federal Reserve signaled the possibility of at least one more rate hike this year. A tighter monetary policy environment could keep Treasury yields elevated and create additional pressure on stock valuations, particularly for rate-sensitive sectors such as technology.(mrv)

Source : Newsmaker.id