Get on the "roller coaster"! US stocks rebound strongly, Dow soars by nearly 1,200 points

China-Singapore Jingwei Client, March 5th. US stocks rebounded strongly on Wednesday, and the three major stock indexes opened higher and rose. Among them, the Dow rose nearly 1,200 points, regaining the 27,000-point mark.

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At 16:00, March 4, Eastern Time (5:00, March 5, Beijing time), the S & P 500 closed up 126.75 points, or 4.22%, to 3130.12 points; the Dow closed up 1,173.45 points, or 4.53%, At 27090.86 points, the Nasdaq closed up 334.00 points, or 3.85%, to 9018.09 points.

Since this week, US stocks have been on a "roller coaster". U.S. stocks retaliated on Monday after the worst weekly performance since the financial crisis in 2008 last week (February 24 to February 28). The Dow rose nearly 1,300 points, which has been since March 2009. The biggest single-day gain. On Tuesday, the Federal Reserve cut interest rates, US stocks fell instead of rising, and the Dow slumped nearly 800 points.

Large-scale U.S. technology stocks rose collectively. Apple rose 4.68%, Amazon rose 3.45%, Nai Fei rose 3.98%, Google rose 3.24%, Facebook rose 3.07%, and Microsoft rose 3.65%.

U.S. financial stocks rose collectively, JP Morgan Chase rose 2.53%, Goldman Sachs rose 2.61%, Citigroup rose 3.61%, Morgan Stanley rose 1.87%, Bank of America rose 2.27%, Wells Fargo rose 2.15%, and Berkshire Hathaway rose 3.88%.

Popular Chinese stocks rose collectively, Alibaba rose 2.19%, Jingdong rose 5.76%, Baidu rose 2.91%, Weibo rose 2.47%, Pinduoduo rose 1.33%, Weilai Automobile fell 4.93%, and NetEase rose 5.14%.

According to economic data, US companies continued to increase employment in February, and private sector employment increased faster than expected. A report released by Moody's Analytics on Wednesday showed that the number of employed persons excluding government positions increased by 183,000 in the month, exceeding the 155,000 economists had expected.

The revised U.S. IHS Markit non-manufacturing business activity index for February was reported at 49.4, consistent with preliminary data.

The US Supply Management Association (ISM) service industry index rose to 57.3 in February, with an expectation of 54.8.

As for European stocks, the three major European stock indexes rose across the board on the 4th. The London Stock Market's "Financial Times" average price of 100 stocks closed at 6815.59 points, up 97.39 points, or 1.45%; the Frankfurt stock market DAX index rose 142.30 points, or 1.19%, to close at 12,127.69 points; the Paris stock market CAC40 The index closed at 5444.89 points, up 71.72 points, or an increase of 1.33%.

In terms of international oil prices: New York oil prices fell on the 4th, and New York light crude oil futures prices for April delivery fell by 0.40 US dollars to close at 46.78 US dollars per barrel.

In terms of gold: The most active April gold futures price on the New York Mercantile Exchange's gold futures market fell by $ 1.4 from the previous trading day to close at $ 1643 per ounce, a decrease of 0.09%. (Zhongxin Jingwei APP)