China News Service, November 8th. On Monday, Eastern Time, the three major indexes of US stocks closed higher.
As of the close, the Dow Jones Industrial Average rose 423.78 points, and rose at 1.31%, to 32,827.00 points; the Nasdaq rose 89.27 points, or 0.85%, to 10,564.52 points; the S&P 500 index rose 36.25 points, or 0.96%, to 3,806.80 points.
Screenshot Source: Wind
Large Technology stocks most rose, Apple rose 0.39%, Amazon fell 0.49%, Netflix fell 0.84%, Google rose 2.21%, Facebook rose 6.53%, Microsoft rose 2.93%.
Bank stocks rose collectively, JPMorgan Chase rose 0.49%, Goldman Sachs rose 1.36%, Citi rose 1.31%, Morgan Stanley rose 0.9%, Bank of America rose 0.73%, and Wells Fargo rose 0.81%.
energy stocks generally rose, ExxonMobil rose 1.18%, Chevron rose 1.26%, ConocoPhillips rose 1.95%, Schlumberger rose 3.16%, and OccupyPH rose 3.66%.
New energy vehicle stocks fell generally, Tesla fell 5.01%, NIO fell 5.95%, Xiaopeng Motors rose 0.38%, and Ideal Auto fell 0.82%.
Popular Chinese stocks rose and fell, Shengmei Semiconductor rose 27.69%, Singularity rose 16.54%, Hutchison Pharmaceuticals rose 15.8%, Wanguo Data rose 13.79%, Tuanche rose 13.6%, Daquan New Energy rose 10.82%, Hongen rose 9.45%, Noah Wealth rose 7.5%, JD rose 0.29%, and NetEase rose 0.18%. In terms of declines, Wadi International fell 91.22%, Ucommune Factory fell 22.81%, Water Drop Company fell 10.07%, Happy Auto fell 9.93%, Jinyang Education fell 8.43%, Gaotu Group fell 7.23%, Pinduoduo fell 0.27%, Baidu fell 0.21%, and Alibaba fell 0.10%.
The U.S. midterm elections on Tuesday (November 8) will determine which party controls the U.S. Congress and affect the direction of future spending. The midterm election may also affect the subsequent decisions of U.S. stock investors.
According to Reuters on November 7 local time, the latest poll by the polling agency "Morning Consult" shows that the US economic problems are affecting the midterm elections, with 56% of respondents saying that the US economy failing, and consumer confidence index in recent weeks was lower than the level during the 2020 COVID-19 lockdown. There is also an A poll by CNN that shows that the vast majority of people believe that the United States is in recession. In terms of economic data, the United States will release consumer price index (CPI) inflation data on Thursday. The market generally believes that if inflation data is booming, the Federal Reserve will change its aggressive policy stance on interest rate hikes will be later than investors expect.
Former U.S. Treasury Secretary Summers believes that the Fed may need to raise the interest rate to 6% or higher to control inflation. "I will raise my expectations for peak interest rates. Although hikes to 6% or above are not my personal predictions, I wouldn't be surprised if this is true." The Federal Reserve raised the benchmark rate to 3.75%-4% last Wednesday. Federal Reserve Chairman Powell said at a press conference that the peak rate will reach next year may be higher than the Fed's expectations in September. But he did not disclose the specific level of the new peak.
In terms of European stock markets, the average price index of 100 stocks of London stock market in the UK closed at 7299.99 points, down 34.85 points from the previous trading day, a drop of 0.48%. The CAC40 index of Paris stock market in France closed at 6416.61 points, up 0.17 points from the previous trading day, an increase of 0.0026%. The DAX index of Frankfurt Stock Market in Germany closed at 13533.52 points, up 73.67 points from the previous trading day, an increase of 0.55%.
In terms of international oil prices, WTI December crude oil futures closed down $0.82, down 0.88%, at $91.79 per barrel. Brent 1 crude oil futures closed down $0.65, down 0.66%, at $97.92 per barrel.
In terms of gold prices, the most active December gold futures market trading price in the New York Mercantile Exchange rose by $3.9 compared with the previous trading day, closing at $1,680.5 per ounce, an increase of 0.23%.
Dollar Index , the US dollar index fell significantly. As of the late trading of the New York foreign exchange market, the US dollar index, which measures the US dollar against six major currencies, fell 0.68% to 110.1190. ( China News Service APP)
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