US stocks opened higher, the Dow fell more than 450 points
Sino-Singapore Jingwei client May 13-US stocks opened higher and fell on Tuesday. The three major stock indexes oscillated lower after opening higher, and accelerated towards the end. U.S. financial stocks and large technology stocks fell across the board, with popular stocks mixed. Experts warned that a forced US economic restart may lead to another outbreak.
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At 16:00 US time on May 12th (04:00 Beijing time on May 13th), the S & P 500 index closed down 60.20 points, or 2.05%, to 2870.12 points; the Dow closed down 457.21 points, or 1.89%, At 23764.78 points; the Nasdaq closed down 189.79 points, a decrease of 2.06%, to 9002.55 points.
US financial stocks fell across the board, JP Morgan Chase fell 3.41%, Goldman Sachs fell 3.23%, Citi fell 3.87%, Morgan Stanley fell 3.54%, Bank of America fell 3.14%, Wells Fargo fell 3.03%, Berkshire Hathaway fell 0.43%.
Large US technology stocks fell across the board. Apple fell 1.14%, Amazon fell 2.16%, Netflix fell 1.97%, Google fell 2.02%, Facebook fell 1.44%, and Microsoft fell 2.27%.
Popular stocks were mixed, Alibaba fell 2.47%, JD.com rose 0.66%, and Baidu fell 2.09%; Siku fell 9.03%, Anbo Education fell 7.87%, ICT fell 7.55%, and Jinshan Yun fell 6.2%, Weilai Automobile fell 2.94%; Renren.com rose 23.19%, Pinduoduo rose 5.26%, Youdao rose 4.13%, and NetEase rose 1.27%.
In terms of news, on May 12th local time, Fuchs warned the states when they participated in the Senate hearing online that if the conditions were not ripe for a forced restart of the economy, it might lead to another outbreak of the epidemic with serious consequences.
Foch said that even under the best expectations, the states would restart and relax the epidemic prevention measures step by step, which will inevitably lead to repeated epidemics. The question is how the states intend to respond, and whether the restart is sustainable. Therefore, the problem is not only whether the states can be restarted, but also whether the states can effectively track and control the situation once the epidemic deteriorates.
On May 12, local time, Trump tweeted that as long as other countries benefit from negative interest rates, the United States should do the same. However, many Fed officials, represented by Fed Chairman Powell, have stated on multiple occasions that negative interest rates are inappropriate and the Fed will not implement negative interest rates.
For European stocks: The three major European stock indexes were mixed on the 12th. The average price index of 100 stocks in the Financial Times of the London stock market closed at 5994.77 points, up 55.04 points, or 0.93%. The Frankfurt Stock Exchange DAX index fell 5.49 points, or 0.05%, to close at 10819.50 points. The Paris stock market CAC40 index closed at 4472.50 points, down 17.72 points, or 0.39%.
In terms of international oil prices: New York oil prices rose on the 12th. New York light crude oil futures delivered in June rose by $ 1.64 to close at $ 25.78 per barrel.
Gold: The most active June gold futures price on the New York Mercantile Exchange gold futures market rose $ 8.8 on the 12th from the previous trading day, closing at $ 1706.8 per ounce, or 0.52%. (Sino-Singapore Jingwei APP)