01
long holiday ended, but US stock received a plunge to welcome the reopening of A shares !
Last night, all three major U.S. stock market indexes fell sharply.
Dow Jones Industrial Index rose two days ago this week and began to see a slight decline on Wednesday and Thursday. But Friday's decline reached 630 points, down 2.11%, and the Dow Jones Industrial Average is now back below 30,000 points. Calculate the decline of
below, Nasdaq fell 3.8% last night, with a larger decline, which has basically erased all the rise on Monday and Tuesday.
02
Looking back now, the rise on Monday and Tuesday was mainly due to the sharp decline since mid-September that the market sentiment was vented and an oversold rebound occurred. At the same time, investors are also betting that the Federal Reserve will slow down the pace of rate hikes in the future because of the unsatisfactory economic data.
But by Wednesday and Thursday, the oversold rebound ended.
further released better-than-expected employment data on Friday. Everyone's disillusionment about the Federal Reserve's change of monetary policy has shattered, and has shifted from the original buying and waiting to the selling, causing a sharp drop in US stocks.
03
Another factor that has to be mentioned is that OPEC is in opposition to the Federal Reserve.
Although the Fed is focusing on controlling large inflation, the prerequisite is to lower oil prices, the oil price, which has finally shown a downward trend, has undergone huge changes because OPEC announced a daily cut of 2 million barrels from November. The price of
WTI has fallen below $80 in late September, and the lowest point is $76. However, it has seen a rapid rise these days, returning to above $90, and the price of Brent crude oil has also stabilized at above $95.
This is a major blow to US inflation. It seems that even if the Fed wants to cut interest rates, there are no such objective conditions.
For this reason, many Fed officials have also repeatedly conveyed this message to the market: the Fed will not cut interest rates, and will definitely bring inflation back to the 2% target.
This is nothing more than hoping to make the market understand that the Fed will not consider changing its primary policy goal due to fluctuations in the financial market. The Fed pursues the stability of prices, not the pursuit of stability of financial markets.
04
Among the industry sectors last night, the technology sector fell by 4.14%, leading the decline in various industry sectors, and the decline in optional consumption also reached 3.5%. In addition, Telecom , real estate, finance, utilities, etc. all fell by nearly 3%, and the energy sector had the smallest decline, down only 0.7%.
stocks , technology stocks fell significantly, Apple fell 3.7%, Microsoft fell 5.1%, Amazon fell 4.8%, Tesla fell 6.3%, META fell 4%, and Google fell 2.6%.
Chinese stocks listed in the United States also performed poorly. Last night, the China Financial Index fell 4.1%, and it has reached the 6,000 point mark.
new energy vehicles will fall 6.9% in the future, ideal will fall 6.6%, and Xiaopeng will fall 6.3%.
In addition, Alibaba fell by 3.6%, JD also fell by 3.4%, and Baidu fell by 1.8%.
05
Yesterday AMD released its latest quarterly report, which is expected to fall by 15% month-on-month in the third quarter. The market expects operating income to be US$6.7 billion, but the current expected quarterly operating income is only US$5.6 billion, far lower than market expectations. AMD blames the recession of the personal computer market. The chip stocks that just got better at
fell sharply last night, which also caused the semiconductor index to fall by 6%, of which AMD plummeted 13.9%, Nvidia fell by more than 8%, and Intel also fell by 5.4%.
However, market analysts believe that chip stocks perform poorly during this period has a lot to do with the US chip bill. This bill is likely to fail in the end, because the way of splitting the global market will not help the development of the US chip industry.
Now, the stock market has responded to the bill with the continuous decline of the semiconductor index.
PS: Seven-day holiday, keep it updated all the time, it is worth encouraging.
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