Treasury Bond Interest Rates Surge on Trump's Possibility to Take Power...New York Stock Exchange Down All at Once

Dow, S&P Fall for 3rd consecutive trading day...Nasdaq, 1.6% ↓
10-year U.S. Treasury Bond Breaks 4.25%...Concerns over prolonged high interest rates
"The possibility of Trump's return to power...Concerns over widening U.S. fiscal deficit "

[Anchor]
Major indexes of the New York Stock Exchange closed at around 1% due to the high rise in U.S. Treasury yields.

Concerns that the U.S. fiscal deficit will increase significantly if former President Trump's re-government becomes a reality also seem to have affected it.

Reporter Jeong Yu-shin's report.

[Reporter]
The New York Stock Exchange closed with a fall of around 1% due to growing concerns over a surge in U.S. Treasury yields.

The blue-chip group Dow fell 0.96%, while the S&P 500, which is centered on large caps, also lost 0.92%.

It is also the first time since early September that the Dow and S&P 500 have fallen for three consecutive trading days.

The Nasdaq Composite, which brings together tech stocks, also stopped rising for the fifth straight session and reversed to a 1.6% decline.

The surge to its highest level since late July has weighed on markets as the 10-year U.S. Treasury yield topped 4.25%.Concerns about prolonged interest rates

have increased uncertainty about the Fed's timeline for rate cuts.

In addition, concerns that the fiscal deficit will widen due to the increased possibility of former President Trump, who pledged large-scale tax cuts, are also interpreted as having an impact.

[Ben McMillan, Head of U.S. Investment Adviser: Markets are sending a message that it's difficult for the U.S. to continue taking long-term national debt, not just fiscal deficits. He protested this while being wary of the bond market and began to digest it in the stock market.]

Among Dow stocks, McDonald's, which died from hamburgers contaminated with E. coli, plunged more than 5%.

In addition, Apple, whose new iPhone 16 orders fell by more than 10 million units, fell by more than 2%, and major stocks such as Nvidia and Netflix also weakened all at once.

Tesla shares, which fell nearly 2% during the day, turned sharply higher in after-hours trading.

Bitcoin, which continued to rise ahead of the U.S. presidential election, is trading in the early 90 million won range, down more than 2% from a day earlier due to the high interest rates on government bonds.

This is YTN Jeong Yu-shin.

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video; Lim Hyun-chul