China-Singapore Jingwei client, May 2 (Eastern time, Friday), US stocks ushered in "opening black" on the first trading day in May, the three major stock indexes continued to decline after opening sharply, the Dow closed down more than 600 points, the Nasdaq closed Fell 3.2%. Tesla plunged by more than 10% and its market value evaporated by nearly $ 15 billion.
As of the close, the Dow fell 622.03 points, or 2.55%, to 23723.69 points; the Nasdaq fell 284.6 points, or 3.2%, to 8604.95 points; the S & P 500 index fell 81.72 points, or 2.81%, to 2830.71 points.
The three major US stock index time-sharing chart sources: wind
Energy stocks fell sharply, Exxon Mobil fell more than 7%, Chevron fell 2.78%, ConocoPhillips fell 6.96%, Schlumberger fell 6.3%, Western oil fell 8.19%.
Financial stocks were sluggish, JP Morgan Chase fell 2.62%, Goldman Sachs fell 3.45%, Citi fell 5.22%, Morgan Stanley fell 2.64%, Bank of America fell 3.99%, Wells Fargo fell 5.06%, Berkshire Hathaway fell 2.73 %.
Popular Chinese stocks fell in full, Alibaba fell 4.19%, JD.com fell 3.99%, Baidu fell 4.86%, Weibo fell 6.79%, Pinduoduo fell 4.24%, Weilai Automobile fell 7.04%, NetEase fell 5.69%, Bilibili Miles fell by more than 8%.
On the news, the World Health Organization said on May 1 that the New Crown epidemic continued to constitute an international public health emergency; Robert Kaplan, the president of the Federal Reserve Bank of Dallas, said that the US GDP in the second quarter may shrink by 30% year-on-year. It may shrink by 4.5% -5% throughout the year; the US unemployment rate may be as high as 20%, and it may be 8% -10% by the end of the year; interest rates will remain low for a long time, and the Fed needs to do more.
In terms of individual stocks, Tesla plunged 10.3% and its market value evaporated by nearly US $ 15 billion. Previously, Tesla CEO Musk said on social media that Tesla's share price was too high; oil stocks Exxon Mobil's first quarterly loss in 32 years, Fell more than 7%.
New York oil prices rose on the 1st, and New York light crude oil futures delivered in June rose by $ 0.94 to close at $ 19.78 per barrel.
The most active June gold futures price on the New York Mercantile Exchange gold futures market on the 1st rose by 6.7 dollars from the previous trading day, closing at 1700.9 dollars per ounce, an increase of 0.4%.
The US dollar index rose slightly on the 1st. As of the end of New York's foreign exchange market, the US dollar index, which measures the US dollar against six major currencies, rose 0.06% to 99.0866. (Sino-Singapore Jingwei app)