China News Service, October 20th. The three major U.S. stock indexes opened low and closed low on Wednesday, stopping the "two consecutive increases". Nasdaq fell by more than 1.6% in the afternoon. The yield on 10-year US bond soared to a four-year high, and the market expects that the Federal Reserve will continue to raise interest rates.
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East Time on October 19 (04:00 Beijing time on October 20), the Dow Jones Industrial Average closed down 99.99 points to 30423.81 points, a drop of 0.33%; the Nasdaq closed down 91.89 points to 10680.51 points, a drop of 0.85%; the S&P 500 index closed down 24.82 points to 3695.16 points, a drop of 0.67%.
US stock large technology stock rises and falls, Apple rises 0.08%, Amazon falls 1.11%, Netflix rises 13.09%, Google falls 1.13%, Facebook rises 0.32%, Microsoft falls 0.85%.
US banking stocks fell across the board, JPMorgan Chase fell 1.93%, Goldman Sachs fell 0.29%, Citi fell 1.81%, Morgan Stanley fell 2.22%, Bank of America fell 2.75%, and Wells Fargo fell 2.24%.
US energy stocks rose collectively, ExxonMobil rose 2.99%, Chevron rose 3.28%, ConocoPhillips rose 2.77%, Schlumberger rose 4.92%, and Occupy Oil rose 1.01%.
US stocks anti-epidemic concept stock performed weakly, Moderna fell 7.88%, Gilead Science fell 1.02%, Novavax Pharmaceuticals fell 3.71%, BioNTech fell 8.24%, and AstraZeneca fell 2.61%.
Popular Most Chinese stocks listed in the United States fell, Nasdaq China Golden Dragon Index fell by more than 7%, closing at its lowest since July 2013. Shengmei Semiconductor fell 15.7%, Gaotu Group fell 14.14%, Dingdong Maicai fell 10.82%, Bilibili fell 10.18%, Shanghe Multiplier 10.15%, Niu Electric fell 10.03%, Huazhu fell 9.06%, 360 Digital Technology fell 8.92%, Baidu fell 8.82%, Zai Lab Pharmaceutical fell 8.69%, BOSS Direct Recruitment fell 8.64%; in terms of increase, , group car rose 21.5%, Zhongyang Finance rose 12.64%, and Four Season Education rose 7.28%. Chinese new energy vehicle stocks fell sharply across the board, with NIO falling 10.61%, Xiaopeng falling 10.87%, and Ideal Auto falling 11.21%.
news, on October 19 local time, the U.S. Federal Reserve released a national economic situation survey report, also known as " Beige Book ". The report pointed out that the U.S. national economic activity expanded slightly in net volume, but price growth is still at a high level, and some industries or regions are concerned about weak demand and recession.
In addition, the report shows that overall labor market conditions remain tight, with employment levels continuing to grow at a moderate to moderate rate in most parts of the United States, but some reported cooling of labor demand, while others noted that companies were hesitant to increase wages due to increased concerns about the recession.
According to Reuters , Fed officials basically agreed in public comments, believing that it is necessary to raise interest rates significantly in order to deal with inflation. Minneapolis Fed Chairman Neel Kashkari said on Wednesday that job market demand remains strong and potential inflationary pressures may not have peaked.
report mentioned that the market generally expects the Federal Reserve to raise interest rates for the fourth consecutive time at its November meeting. The Fed's impact on the real estate market continues to strengthen. The number of new home starts measuring new residential construction fell 8.1% in September, the latest sign that the economy has lost momentum.
European stock market: The three major European stock indexes fell across the board on the 19th. The average price index of 100 stocks in London stock market in the UK closed at 6924.99 points, down 11.75 points from the previous trading day, a drop of 0.17%; the CAC40 index of Paris in France closed at 6040.72 points, down 26.28 points from the previous trading day, a drop of 0.43%; the DAX index of Frankfurt in Germany closed at 12741.41 points, down 24.20 points from the previous trading day, a drop of 0.19%.
International oil prices: International oil prices rose sharply on the 19th. The price of New York light crude oil futures for delivery in November rose by $2.73, or 3.29%, to close at $85.55 per barrel; the price of Brent November crude oil futures closed up $2.38, or 2.64%, to $92.41 per barrel.
International Gold Price : The most active December gold futures market trading price on the New York Mercantile Exchange fell by $21.6 on the 19th from the previous trading day, closing at $1,634.2 per ounce, a drop of 1.3%, hitting a three-week low.
USD Index : The USD Index rose significantly on the 19th. As of the late trading of the New York foreign exchange market, the USD index, which measures the USD against six major currencies, rose 0.76% to 112.9820. ( China News Service APP)
(The views in the article are for reference only and do not constitute investment advice. Investment is risky, so be cautious when entering the market.)
