On Wednesday, S&P rose, and technology stock ended three consecutive declines. However, Tesla fell more than 7%, the biggest single-day drop in more than a year. Baidu rose by more than 2%. Energy stocks fell sharply, setting the biggest single-day decline in four months. U.S. oil fell 4% today, setting the largest single-day decline in a month.
Minutes of the Federal Reserve's June FOMC meeting showed that Fed officials reiterated their support for the policy path of gradual interest rate hikes, but there were differences of opinions on when to initiate the balance sheet reduction and did not disclose the specific time of the start of the balance sheet reduction.
Several Fed officials expressed concerns about the high prices of risky assets such as the stock market, and noticed that financial conditions continued to be loose after interest rates hikes in March. The possible explanation is that investors' risk tolerance has increased, which will push up the prices of risky assets across the board. They believe that too low volatility and low equity premiums both exacerbate the risk of future financial system stability.
Technology stocks rebounded, energy stocks recorded their biggest single-day decline in four months
S&P 500 index closed up 3.53 points, or 0.15%, to 2432.54 points. The Dow Jones Industrial Average closed down 1.10 points, down 0.01%, to 21,478.17 points. The Nasdaq closed up 40.80 points, or 0.67%, to 6150.86 points.
Technology stocks rebounded today, while energy stocks plummeted, setting the biggest single-day decline in four months.
The technology sector of the US stock market generally closed higher, but Tesla hit its biggest single-day decline in more than a year. Facebook closed up 1.29%, Google parent Alphabet closed up 1.39%, Amazon closed up 1.86%, Apple closed up 0.41%, Microsoft closed up 1.33%, Netflix closed up 0.99%, Nvidia closed up 2.67%, and Oracle closed up 0.22%; but Tesla closed down 7.24%, setting the largest single-day decline in more than a year.
Tesla announced on Monday that the second quarter car delivery volume was slightly higher than 22,000 units, a year-on-year increase of 53%, but it decreased by about 3,000 units from the first quarter. Previously, Wall Street consensus expected to be 2.2912 vehicles.
Tesla pointed out that the main factor affecting delivery in the second quarter is the "serious" shortage of 100kWh battery packs produced by production lines using new technologies. Once the battery pack supply problem was solved, the orders and delivery volume in June increased strongly immediately, and should be at the forefront of the company's history.
Tesla expects that if the global economic environment does not deteriorate significantly, it is confident that the delivery volume of Model S and Model X in the second half of this year may exceed the first half of the year.
For Chinese stocks listed in the United States, Momo rose 3.09%, Alibaba rose 2.82%, JD.com rose 2.32%, Baidu rose 2.14%, Weibo rose 0.42%, Sina closed down 0.44%, and NetEase closed down 0.9%.
FTSE Pan-European Outstanding 300 Index closed up 0.11% to 1505.43 points. The European STOXX 600 index closed up 0.18% to 382.99 points, with the retail index closing up 0.87%, the financial services price index closing up 1.26%, and the oil and gas price index closing down 1.36%.
Germany DAX 30 index closed up 0.13% to 12453.68 points. The French CAC 40 index closed up 0.10% to 5180.10 points. The FTSE 100 index closed up 0.14% to 7367.60 points.
Oil prices fell 4%
WTI August crude oil futures closed down $1.94, a drop of 4.12%, setting the largest single-day decline in a month, at $45.13 per barrel. As of Monday (July 3), it has risen for 10 days, marking the longest consecutive increase since January 2010.
Brent September crude oil futures closed down $1.82, or 3.67%, at $47.79 per barrel.
Previously, the media quoted four Russian government officials as saying that Russia will oppose any further production cuts at the OPEC meeting in July, and the Russian side hopes to stick to the current OPEC agreement.
According to reports, Russian officials familiar with the matter said that they will increase production cuts shortly after the agreement to extend the production cuts will send misinformation to the oil market. The official also said the move would suggest that OPEC, Russia and its allies are nervous that the total 1.8 million barrels per day cut is not enough to support oil prices.
Richard Turnill, global chief investment strategist at BlackRock, said concerns about oversupply hit the crude oil market again, and the expected rebalancing of supply and demand will take a little longer than we thought.
ANZ analyst Daniel Hynes said: "The current market environment cannot support the continued rise in crude oil prices, and the performance of supply and demand is negative for the market. As for the impact of crude oil prices after falling below $50 per barrel, we still need to wait and see."
gold fell to $1,217 per ounce today, a new low since May 11, and then rebounded to $1,225 per ounce, up $2 throughout the day.
USD rose slightly
USD 0 index rose 0.1% today to 96.28, up 0.9% from the eight-month low last week. The euro today The daily balance was 1.1343, while the US dollar fell to 113.21 against the yen.
U.S. Treasury yields fell from a six-week high
10-year U.S. Treasury yields fell 2 basis points to 2.33%, down from yesterday's six-week high. 10-year German Treasury yields remained 0.47%.
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