The Dow Jones Industrial Average achieved an 800-point reversal, and the US stock market trend was too stimulating on Friday...
Tesla fell 13% during the session, and fell 16.76% in the last four trading days, and its market value evaporated by 740 billion. Musk 's net worth has shrunk by 150 billion, and the ranking of the global richest man fell to third place.
Cathie Wood, who has the title of "Female Buffett", also fell from the altar. The flagship fund ARKK fell 10% during the session on Friday, and has fallen 23% in the past two weeks, smearing all gains in the past year.
, and Buffett , the old man appeared again with a "magical operation"! technology stocks fell sharply, crude oil was rising sharply, oil stocks Chevron led the Dow Jones stocks on Friday, up 30% this year, and Berkshire has built a large position in the fourth quarter of last year.
Dow Jones Industrial Average reversed by 800 points, and the Nasdaq amplitude exceeded 4%
Last night, after the strong non-agricultural employment data was released, the yield on US Treasury rose rapidly, once rising to 1.626%. However, after breaking through 1.6%, it showed a high fluctuation trend, falling back to around 1.55%.
According to data released by the U.S. Department of Labor on Friday, the United States added 379,000 non-farm jobs in February, better than expected by 210,000, and the unemployment rate fell to 6.2%. The January data was revised from 49,000 new jobs to 166,000. Among them, the leisure hotel industry rebounded the strongest, with a net increase of 355,000 jobs in February. By sector, 286,000 new jobs were created in restaurants and bars, and 36,000 more people were hired in the hotel industry.
On Friday, when US Treasury yields fluctuated at a high level, US stocks also fluctuated violently. During the session, the Dow Jones Industrial Average fell 174 points, the Nasdaq fell 2.67% at one time, and the S&P 500 fell more than 1% at one time.
, and the Dow Jones Industrial Average reversed, rising to 31,580 points in the late trading, rebounding 812 points compared with the intraday low. As of the close, the Dow Jones Industrial Average rose 1.85% to 31,496 points. During the session, Fed Kashkali said that it has not reached full employment now and is not worried about inflation.
Nasdaq closed up 1.55%, with a full-day amplitude of 4.28%.
Large technology stocks closed up collectively, but the new energy vehicle sector fell sharply.
Apple rose 1.07%, Amazon rose 0.77%, Netflix rose 1%, Google rose 3.1%, Facebook rose 2.58%, and Microsoft rose 2.15%.
During the trading session on Friday, Tesla fell 13% at one point, and the "Three Musketeers of New Energy Vehicles" also suffered a heavy blow. NIO fell 19% at one time, Ideal Auto fell more than 12% at one time, and Xiaopeng Motors fell more than 14%. As of the close, the decline in new energy vehicle concept stocks narrowed.
This week, the Dow rose 1.8%, the S&P 500 rose 0.8%, and the Nasdaq only fell 2.1% in the drag of technology stocks.
Prudential Financial analyst Quincy Krosby believes that the decline in U.S. Treasury yields have promoted the market rebound, and technology stocks are currently at oversold levels, and investors can consider buying.
Tom Lee, co-founder and head of research at the financial institution Fundstratk, said in an interview with CNBC that stock investors are facing two things that they don’t need to deal with in the past decade. One is that inflation risks may be repriced, and investors are worried about the inflation outlook; the other is that the bond market is testing the Federal Reserve, which makes investors panic. But Tom Lee believes that the market decline this week is a buying opportunity.
Chevron leads the Dow Jones stocks, which has risen 30% this year
Buffett held a new position in the fourth quarter of last year, making nearly 8 billion
Following the sharp rise yesterday, crude oil prices continue to rise.
WTI Crude oil futures rose more than 3%, setting their highest closing price since April 2019, and rose more than 7% this week.
Brent crude oil futures rose more than 4%, and rose more than 8% this week.
Oil stocks also maintained their upward trend.
Among them, Chevron rose 4%, ranking first among the Dow Jones constituent stocks.
Yesterday, OPEC + decided to maintain the current scale of production cuts, and Saudi Arabia said it would continue to voluntarily cut production by 1 million barrels per day to May. As a result, crude oil rose sharply for two consecutive days. In addition to the expectation of a recovery in US demand, many analysts are bullish on crude oil for a long time.
JPMorgan analysts said, "Overall, this is the most optimistic result we can expect." Goldman Sachs immediately raised its Brent crude oil price forecast for the second quarter to $75 per barrel, and its third quarter forecast to $80 per barrel.Bjornar Tonhaugen, head of crude oil market at Rystad Energy, commented, “The upward trend of oil prices is continuing as the market supply and demand balance is boosted, which few days ago almost no one could have anticipated. OPEC+ decided to keep production stable in order to clear out a large number of additional products that filled in stocks during the worst period of the pandemic.” He believes that the rate of oil prices has risen since the once negative has been unprecedented.
Analysts Sing Duo Crude Oil means that Chevron, the second largest oil company in the United States, may still have a significant room for growth in the future.
And the stock god Buffett's operation is really amazing. He started to take a heavy position in Chevron as early as the fourth quarter of last year.
In February this year, Berkshire Hathaway, a subsidiary of Buffett, disclosed the latest 13F statement. As of the end of the fourth quarter of last year, he built a position and bought nearly 48.5 million shares of Chevron stocks. As of the end of the fourth quarter of last year, the total market value of holdings was approximately US$4 billion, which can be said to be a "new entry and heavy position."
Chevron was its second largest buy in the fourth quarter of last year.
Since the beginning of this year, Chevron has risen by more than 30%. According to the estimated holdings of 48.5 million shares at the end of the fourth quarter, Buffett made $1.2 billion in Chevron this year, or about 7.8 billion yuan.
Tesla fell 13% during the session
fell 740 billion in four days, and Musk's wealth evaporated 150 billion
On Friday, Tesla fell 13% during the session. After bottoming out, it rebounded with the market. The decline narrowed to 3.78% as of the closing.
In the four trading days from Tuesday to Friday, Tesla fell sharply for four consecutive trading days, with a total drop of 16.76%, and its market value evaporated by US$114 billion, or approximately RMB 740 billion.
From the weekly perspective, Tesla has fallen for four consecutive weeks.
According to Forbes data, Musk owns 21% of Tesla shares, which means that within four trading days, his net worth evaporated by US$23.94 billion, or approximately RMB 155.4 billion.
On the Forbes real-time rich list, Musk has become the third richest in the world, with a net worth lower than Amazon's Bezos and LVMH's Arno.
An old shareholder sold 1.8 million shares of Tesla
once said "the last one was eliminated"
A well-known investor sold 1.8 million shares of Tesla for customers in the past six months, but he is still optimistic about Tesla for a long time, and the Tesla shares he holds have not sold at all.
On Thursday evening local time, Ron Baron, a famous Wall Street reporter and former Tesla shareholder, said in an interview with CNBC that 1.8 million Tesla shares have been sold to customers in the past six months; the reason for selling these shares is because they account for an increasingly larger proportion of their portfolios.
He stressed that "selling every stock is painful", but he believes that for his own customers, it is appropriate to sell Tesla stock to mitigate risks.
But due to different risk tolerance, Barron made different operations on the Tesla stock he personally held. He said that he did not sell more than 1.1 million Tesla shares held by an individual. He also said he planned to retain the shares for "at least 10 years", and he believes Tesla's target price in 10 years will be $2,000 per share. "
Barron has always insisted on holding Tesla. He once told Tesla CEO Musk that he "will be the last to be eliminated."
"Female Buffett" flagship fund fell by more than 10% intraday
has fallen by more than 23% in two weeks, giving up all the gains this year
tech stocks fell sharply, especially Tesla fell by more than 13% intraday, causing the "female Buffett" and bull market queen Cathie Wood's flagship fund ARKK fell more than 10% during the session.
For two weeks, the fund has "fallen" and has fallen 23%. At present, the fund has given up all the gains this year.
The fund's heavy holdings are mainly technology stocks.
Baird investment strategy analyst Ross Mayfield said, "In the environment of low interest rates, low inflation expectations, and low GDP growth, these companies have performed well. But when bond yields soar, sectors such as energy and finance that are more sensitive to the economy will outperform the market, and the stock prices of such companies will be hit first."
Chinese stocks performed differently, and Xinneng Cars fell sharply for a while
On Friday (March 5), popular Chinese stocks rose and fell,
This article comes from China Fund News
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