Forex Sky Eye APP News: Affected by the epidemic news, the three major U.S. stock indexes rose and fell on the 13th. Industry says investors are waiting for the arrival of U.S. economic unlocking measures. Risk aversion sentiment has driven gold prices to rise, with gold prices in New York hitting a new high since October 2012.
As of the close of the 13th, the Dow Jones Industrial Average fell 328.60 points to close at 23390.77 points, a drop of 1.39%. S&P 500 fell 28.19 points, or 1.01%. The Nasdaq rose 38.85 points, or 0.48%. In terms of
sector, the eleven major sectors of the S&P 500 index fell by eight times and three times. Among them, the real estate sector, financial sector and public utilities sector led the decline with a decline of 4.59%, 3.58% and 3.29% respectively, while the consumer discretionary sector, technology sector and communications services sector rose by 1.1%, 0.2% and 0.1% respectively. Judging from the
stock, technology stocks performed better. Tesla rose 13.6%, and the stock price returned to above $600. Apple rose nearly 2%, and , Amazon, rose more than 6%. Bank stocks generally fell sharply. JPMorgan fell 4.45%, Bank of America and Morgan Stanley fell more than 3%.
Faced with market volatility, Kent Engelke, chief economic strategist at asset management company Capitol Securities Management, believes that the market is still waiting for news about the economic restart, and the longer investors wait, the more unstable the stock market is. He is optimistic about the epidemic situation in the United States and believes that the US economy will return to normal order in May.
Federal Vice Chairman Richard Clarida said on the 413th that the US economic fundamentals are good and the Fed will not need to continue its historic support to the financial markets indefinitely. The New York Fed, which is responsible for U.S. open market operations, said on the same day that the open market operation team will continue to adjust the repurchase operations appropriately to ensure sufficient reserve supply.
After "OPEC+" announced the historic production cut agreement, international oil prices did not receive effective boost. As of the close of the 13th, the price of light crude oil futures for delivery in May fell $0.35 to close at $22.41 per barrel, a drop of 1.54%. London Brent crude oil futures for delivery in June rose $0.26 to close at $31.74 a barrel, an increase of 0.83%.
, director of the Oil Market Research Office of the Institute of Marketing, said that if the supply side does not make further adjustments, oil prices will still depend on the demand side in the short term, and the core of the demand side will depend on the epidemic. Before the turning point of the global epidemic, it is difficult for international oil prices to make a big breakthrough, and it is likely to be at a low level.
Quantitative easing has caused inflation concerns, US stocks fell and the US dollar weakened, and investors bought gold to hedge, resulting in a sharp rise in gold prices. The most active trading price of the New York Stock Exchange gold futures market rose $8.6 on the 13th to close at $1,761.4 per ounce, an increase of 0.49%, a new high since October 2012.
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