Sino-Singapore Jingwei client June 11th US stocks continued to diverge on Wednesday, the Nasdaq continued to record highs, the Dow and S&P 500 index fluctuated lower. After the Fed announced that the current interest rate will remain unchanged at 0%-0.25%, the three major stock indexes rose short-term, and the Nasdaq approached 10,100 points, hitting an all-time high for four consecutive days, and closed above the 10,000 point mark for the first time.
On June 10 at 16:00 U.S. Eastern Time (Beijing time on June 11 at 04:00), the S&P 500 index closed down 17.04 points, or 0.53%, to 3190.14 points; the Dow closed down 282.31 points, or 1.04%, At 26989.99 points; the Nasdaq closed up 66.60 points, or 0.67%, to 10020.35 points, closing above the 10,000-point mark for the first time, and the highest rose to 10086.89 points.
Large US technology stocks rose collectively, Apple rose 2.57%, Amazon rose 1.79%, Netflix rose 0.1%, Google rose 0.87%, Facebook fell 0.81%, and Microsoft rose 3.71%. Microsoft, Apple, and Amazon all hit record highs, and Tesla's stock price exceeded $1,000 for the first time.
US energy stocks fell across the board, Exxon Mobil fell 5.36%, Chevron fell 3.9%, ConocoPhillips fell 5.65%, Schlumberger fell 6.89%, EOG Energy fell 6.47%.
US financial stocks fell across the board, JP Morgan Chase fell 4.07%, Goldman Sachs fell 2.15%, Citi fell 6.12%, Morgan Stanley fell 3.41%, Bank of America fell 5.78%, Wells Fargo fell 8.95%, Berkshire Hathaway fell 2.24%.
Popular Chinese stocks closed mixed, Alibaba rose 1.35%, Jingdong rose 3.2%, Baidu rose 0.85%, Wensheng Financial rose 169.01%, Jiayin Jinke rose 96.61%, the financial sector rose 51.52%, Wanda Sports rose 13.68%, Pinduoduo rose 4.93%; Fangduo fell 66.38%, Meimei Securities fell 56.87%, Ruixing Coffee fell 8.16%, and Weilai Automobile fell 5.84%. Many Chinese stocks tend to act like roller coasters, triggering dozens of trading suspensions.
In terms of data, data released by the US Energy Information Administration (EIA) shows that the U.S. EIA crude oil inventories increased by 5.72 million barrels to 538 million barrels as of June 5th, with an expected decrease of 1.013 million barrels and a decrease of 2.077 million barrels.
According to data released by the US Department of Labor, the US consumer price index (CPI) in May fell by 0.1% month-on-month. It fell by 0.8% in April, the largest decline since 2008. The index increased by 0.1% year-on-year, and increased by 0.3% year-on-year in April.
According to data released by the US Treasury, the US federal budget deficit in May nearly doubled to 399 billion US dollars from the same period last year. Spending due to the epidemic rescue plan continued to be strong, and revenue decreased by 25%.
In terms of news, after ending the two-day interest rate meeting, the Fed announced on the 10th local time that it would maintain the current interest rate of 0%-0.25% unchanged, in line with market expectations. At a press conference held on the 11th, the Fed stated that the committee members unanimously agreed to the interest rate decision; be ready to adjust the market operation plan in due course. In addition, the Fed's bitmap shows that the Fed is expected to maintain interest rates at current levels until the end of 2022. Since the beginning of this year, the Fed has made a total of five interest rate adjustments, including two downward adjustments and three “strands”. In addition, the Fed predicts that the median real GDP growth in the United States in 2020 will be -6.5%, and the median unemployment rate in 2020 will be 9.3%.
European stocks: The three major European stock indexes fell across the board on the 10th. The average price index of 100 stocks in the Financial Times of the London stock market closed at 6293.13 points, down 6.59 points, or 0.10%. The Frankfurt Stock Exchange DAX index fell 87.83 points, or 0.70%, to close at 12530.16 points. The Paris stock market CAC40 index closed at 5053.42 points, down 41.69 points, or 0.82%.
In terms of international oil prices: New York oil prices rose on the 10th, and July New York light crude oil futures prices rose 66 cents to close at $39.60 per barrel, the highest since March 6. Brent crude oil futures closed up $0.55, or 1.34%, to close at $41.73 per barrel.
Gold: The most active August gold futures price on the New York Mercantile Exchange gold futures market fell by US$1.2 on the 10th from the previous trading day, closing at US$1720.7 per ounce, a decrease of 0.07%. (Sino-Singapore Jingwei APP)