China News Client Beijing March 31 (Xie Yiguan) March 30 (Monday) local time, US stocks closed up, and the three major stock indexes rose more than 3%. However, in the context of the spread of the U.S. epidemic, funds rushed to safe-haven assets, the liquidity of the US dollar was once again highlighted, and the market was worried that U.S. stocks would fall again.

The Dow traded intraday.

The three major U.S. stock indexes closed higher, the Dow returned to above 22,000 points

On the 30th, after the US stocks opened higher, the intraday gains expanded. As of the close, the Dow Jones Index rose 690.70 points, or 3.19% to 22327.48 points; the S & P 500 index increased 3.35% to 2626.65 points; the Nasdaq index increased 3.62% to 7774.15 point.

Johnson & Johnson closed up more than 8%, leading the Dow. Johnson & Johnson said on Monday that the company's experimental vaccine for the new crown virus will begin human testing in September and may receive emergency use authorization in early 2021.

Abbott (ABT) closed up more than 6% and once rose more than 13% during the session. Abbott claims that its portable virus detection tool has received an emergency use authorization from the US Food and Drug Administration (FDA), which can detect if someone is infected with new crown pneumonia within 5 minutes, and will increase production this week, 50,000 sets of testing equipment can be produced every day.

In addition, large-scale technology stocks rose collectively, Apple rose 2.85%, Amazon rose 3.36%, Nai Fei rose 3.88%, Google rose 3.25%, Facebook rose 5.84%, and Microsoft rose 7.03%. Energy stocks were mixed, with Exxon Mobil up 1.46%, Chevron up 4.58%, ConocoPhillips up 0.14%, Schlumberger down 3.63%, and EOG Energy down 2.78%.

U.S. epidemic continues to spread, markets fear U.S. stocks fall again

According to real-time statistics from Johns Hopkins University in the United States, as of 8: 8 am Beijing time, there were 163,429 new crown pneumonia cases in the United States and 3008 deaths.

"The number of people with new crown pneumonia infections in the United States is still increasing, and we are not close to the peak of the 'curve.'" John Velis, currency and macro strategist for the Americas at the Bank of New York Mellon, pointed out that market conditions as indicated by various price-earnings ratios and EPS estimates Shows that stocks can easily plunge from here.

JP Morgan Chase equity strategist Mislav Matejka believes that given the previous sharp plunge, the stock market is bound to rebound, but the rebound may eventually disappear. As unemployment rises, demand falls, and corporate earnings decline, it will eventually prove that such a rebound may be short-lived.

"As in the past, the bears are likely to attack again and recover most of the gain." Advisor Shares Focused Equity ETF fund manager Eddy Elfenbein said.

International oil prices hit 18-year lows

Under the dual pressure of supply and demand, on the 30th, international oil prices continued to fall across the board. U.S. WTI crude oil futures closed down 5.72% to $ 20.28 / barrel, staying at the $ 20 / barrel mark, the lowest since February 2002; It closed down 5.37% to $ 26.45 per barrel.

According to the Russian satellite network, Russian President Putin and US President Trump held a telephone conversation on the 30th. The two sides exchanged views on the situation of the global oil market and agreed to hold energy ministerial consultations on this issue.

However, the Saudi Arabian Ministry of Energy said in a statement that the country plans to increase its crude oil exports by about 600,000 barrels per day from May, bringing the total Saudi oil exports to 10.6 million barrels per day.

Gas Buddy pointed out that although some major crude oil producers of the United States Oil Company supported production cuts, crude oil futures prices had little hope of rebounding. As billions of people around the world fail to live at home to curb the spread of the epidemic, global crude oil demand has fallen dramatically. Bank of America believes that global oil demand in the second quarter will drop by an unprecedented 12%.

The tight liquidity of the dollar is once again highlighted. On the 30th of New York, the US dollar index rose 0.72% to 99.0275. Under the risk aversion, COMEX gold futures closed down 0.65% to $ 1643.4 / ounce; 3-year US Treasury yield rose 0.5 basis point to 0.303%, 5-year U.S. Treasury yield rose 2 basis points to 0.419%, 10 The yield on US Treasury notes rose 4.4 basis points to 0.73%. (Finish)