After two consecutive days of decline this week, US stock suddenly rose sharply. Dow Jones Industrial Index fell to a low of 32,509 points after opened , and then continued to rebound, closing at the highest point of the day, rising 700 points. What happened to
?
Has the US stock market reversed? Is it related to
and OPEC 's oil production increase plan, and Europe has passed the latest sanctions plan?
1, US stock
1, US stock In the early morning of this year, the three major US stock indexes rose sharply, the Dow Jones Industrial Average rose 1.3%, up more than 400 index points, S&P 500 index rose 1.8%, and the highest increase in is Nasdaq index , which reached 2.7% after rising 322 points, and has now risen above 12,000 points.
lies in industry, basically all major industries have certain gains. The highest increase was optional consumption, with a rise of 3%, the communications and information technology increased by more than 2%, and the energy sector fell by 0.3%, becoming a rare decline sector, which may have some connection with OPEC's latest production increase plan.
Specific stocks , technology stock rose sharply, semiconductor Nvidia rose 7%, new energy vehicles Tesla rose 4.6%, and Google . Amazon rose 3%, while Netflix rose 6.3%.
Because Microsoft adjusted its fourth quarter performance forecast downward, it once fell 3% at the opening, but later it barely retracted the red market.
Microsoft lowered its company's performance expectations mainly because of the rise of the US dollar, because many of Microsoft's overseas businesses are not all settled in US dollars, so when the US dollar rises and other currencies depreciate, Microsoft's operating income may shrink by US$640 million.
On the other hand, META's chief operating officer resigned and his share price rose sharply by 5.4%.
in performed well last night. China Golden Dragon Index rose 4.6%, and there are many stocks with an increase of more than 5%. The increase in new energy vehicles was very high. NIO rose 7.3%, Xiaopeng rose 9.7%, and the ideal increase was at least 3.7%.
02, inflation
Although the US stock market has seen a significant increase, analysts in the market basically do not agree that this is a reversal. Most of the analyses think that this is just a rebound after the market is oversold .
For the time being, the market's fundamentals have not changed much, and the threat of inflation has not been lifted yet. It is more consistent with Fed hike rate in June and July, which is believed that 50 basis points will be raised each.
, and, the Fed vice chairman recently said that there is no reason to suspend interest rate hikes in September, in this way, the Fed will still raise interest rates by 25 basis points in September.
The number of employment of private enterprises in May released the day before yesterday was very slow. The market expected the number of employment 300,000, but the actual data was only 128,000, which was less than half of the market's expectations. This is also the lowest growth rate since April 2020.
The slowdown in employment indicates that the economy may slow down, but on the other hand, it may also be good news. Because the decrease in employment shows that the demand for workers in enterprises is decreasing, the previous labor gap may be slowly compensated. When the supply and demand of the labor market are relatively balanced, the wage growth rate of workers will not be as fast as before.
Many economists believe that labor shortages and wages rose too fast before this were also an important reason for the rise in prices. Therefore, when the labor market gradually balances and the wage growth narrows, the increase in prices will fall.
03, oil supply
OPEC oil-producing countries seem to have made concessions, and have insisted before that, they need to maintain a balance of supply and demand, and are only willing to grow slightly, but recently they suddenly decided to increase production by 650,000 barrels per day starting from July, a significant increase from the previous 430,000 barrels per day, an increase of 50%.
The increase in oil supply will help alleviate the continuous rise in energy prices, which is undoubtedly a good thing for the United States where inflation is in dire straits.
But on the other hand, EU has finally officially approved a new sanctions plan, banning the import of 75% of Russian oil. It is hard to say what impact it will have on the US stock market, one positive and one negative news.
is estimated to see a significant fluctuation in US stocks before the resolution of the Fed's meeting in June comes out.
