Sino-Singapore Jingwei Client March 27th US stocks soared again! On Thursday, Eastern time, the three major U.S. stock indexes opened higher all the way up, and they were all violently pulled up at the end. The Dow closed up more than 1,300 points and the Nasdaq closed up 5.6%.

At the close, the Dow rose 1135.62 points, or 6.38%, to 22552.17 points; the Nasdaq rose 413.24 points, or 5.60%, to 7779.54 points; the S & P 500 rose 154.51 points, or 6.24%, to 2,63.07 points.

Timeshare chart of the three major US stock indexes Source: wind

On the news, data released by the US Department of Labor on the 26th showed that due to the spread of the new crown pneumonia epidemic in the United States, the number of first-time applications for unemployment benefits in the United States soared to 3.283 million last week, a significant increase of 3.001 million from the revised figure the previous week. The U.S. Department of Labor said the previous record for the largest number of applications for unemployment benefits in a week in American history was 695,000 in October 1982.

On the 26th local time, Fed Chairman Powell said in an interview with the media that the current situation is not a typical economic downturn. Once the new crown virus epidemic is brought under control, confidence will be restored. Powell noted that the Fed's measures are committed to supporting credit. The top priority is to control the epidemic. When the economy can restart depends on the development of the epidemic. It is expected that the economy will recover in the second half of this year. At present, the economy is likely to decline, the Fed has not run out of "ammunition", and there is still room for policy. Mortgages and car loans are areas that the Fed may involve.

In addition, according to CCTV news reports, the Group of Twenty will launch a US $ 5 trillion economic plan to deal with the negative impact of the epidemic on global society, the economy and finance, and support central banks in all countries to take measures to promote financial stability and Increase liquidity in global markets.

In terms of individual stocks, Boeing continued to strengthen, closing up 13.66% at 180.41 US dollars / share. This week's four consecutive trading days rose by more than 10%, and the stock price nearly doubled. Tesla fell more than 2%. According to foreign media reports, Two employees of the Sierra Company tested positive for the new crown virus.

New York oil prices fell on the 26th, and May delivery of light crude oil futures prices fell 1.89 US dollars to close at 22.60 US dollars per barrel.

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 US $ 17.8 on the 26th from the previous trading day to close at US $ 1651.2 per ounce, a 1.09% increase. (Zhongxin Jingwei APP)