China-Singapore Jingwei Client March 24th-The US Federal Reserve announced on Monday that it has opened unlimited QE. However, the three major U.S. stock indexes still opened lower across the board. The Dow fell nearly a thousand points and then rebounded. During the session, the three major stock indexes fluctuated sharply. The Dow eventually closed nearly 600 points lower, and Apple's market value fell below one trillion US dollars.
As of the close, the Dow closed down 582.05 points, or 3.04%, to 18591.93 points; the Nasdaq fell 18.85 points, or 0.27%, to 6686.67 points; the S & P 500 Index fell 67.52 points, or 2.93%, to 2237.40 points.
Timeshare chart of the three major US stock indexes Source: wind
Most large U.S. technology stocks closed down. Apple fell 2.12%, Amazon rose 3.07%, Nai Fei rose 8.24%, Google fell 1.32%, Facebook fell 1.09%, and Microsoft fell 1%.
Popular Chinese stocks were mixed, Alibaba fell 2.59%, JD.com rose 2.52%, and Baidu rose 2.89%; Xinerfu rose 21.69%, Renren.com rose 20.02%, and Gathering rose 15.95%; Quoting headline fell 28.27%, Huafu Education fell 10.30%, and Weilai Automobile fell 1.67%.
On the news, the Federal Reserve announced on the 23rd that it will continue to purchase U.S. Treasury bonds and mortgage-backed securities to support the smooth operation of the market without an upper limit, which is equivalent to an open quantitative easing policy. The Fed said in a statement that it will purchase "necessary-sized" government bonds and mortgage-backed securities to support the smooth operation of the market and the effective transmission of monetary policy, and will include institutional commercial mortgage-backed securities into the purchase category. At the same time, the Fed also announced that it would expand the scale of money market liquidity facilities.
In terms of individual stocks, Apple fell more than 2%, and its total market value fell below one trillion dollars. Boeing rose nearly 12%. Boeing issued a statement on Monday saying that the company plans to close its plant in Puget Sound, Washington, for two weeks. Most production is concentrated in Washington State, which is in a state of emergency.
In terms of international oil prices, the price of light crude oil futures delivered by the New York Mercantile Exchange rose by 0.73 US dollars to close at 23.36 US dollars per barrel, an increase of 3.23%. The price of London Brent crude for May delivery rose by $ 0.05 to close at $ 27.03 per barrel, an increase of 0.19%.
In terms of international gold prices, the most active April gold futures price on the New York Mercantile Exchange's gold futures market rose by $ 83 from the previous trading day to close at $ 1567.6 per ounce, an increase of 5.59%. (Zhongxin Jingwei APP)