Sino-Singapore Jingwei Client, October 8th, Wednesday, US Eastern Time, US stocks continued to rise after opening higher, and rose more than 2% during the intraday session. The Dow hit its biggest daily increase since July.
As of the close, the Dow rose 530.70 points to 28303.46 points, an increase of 1.91%; the Nasdaq rose 210.00 points to 11364.60 points, an increase of 1.88%; the S&P 500 index rose 58.49 points to 3419.44 points, an increase of 1.74%.
All-day trend of the three major US stock indexes Source: Wind
On the disk, the five sectors that led the gains were: solar energy rose by 9.43%; construction materials rose by 4.7%; metal products rose by 4.62%; aluminum rose by 4.48%; auto parts rose by 4.33%.
The five sectors leading the decline were: thermal coal fell by 3.47%; silver fell by 1.49%; publishing fell by 1.47%; gaming fell by 1.36%; shell companies fell by 0.83%.
Most of the large technology stocks rose, Netflix rose 5.69%, Amazon rose 3.09%, Microsoft rose 1.90%, Apple rose 1.7%, Google rose 0.56%; Facebook fell slightly 0.21%.
Financial stocks strengthened collectively. Wells Fargo, Berkshire Hathaway, Morgan Stanley and Bank of America all rose more than 2%, JP Morgan Chase and Goldman Sachs rose more than 1%, and Citigroup rose 0.97%.
American Airlines stocks generally rose. American Airlines and United Airlines rose more than 4%, Boeing and Delta Airlines rose more than 3%, and Southwest Airlines rose 2.63%.
On the news, after announcing the suspension of negotiations with the Democratic Party on a new round of anti-epidemic relief economic stimulus plan, US President Trump said on Twitter that he is willing to sign some independent stimulus including support for the aviation industry salary protection plan. The measure requires the House of Representatives and the Senate to immediately approve US$25 billion for aviation industry salary support and US$135 billion for the salary protection plan for small businesses.
Among the 30 constituent stocks of the Dow, SAFE, Boeing, Honeywell, and United Health have gained more than 2%.
In the U.S., 179 concept stocks rose and 95 fell; most of the well-known Chinese concept stocks closed up, Renren rose 19.2%, Uxin rose 8.94%, Weilai Motor rose 4.26%, and Pinduoduo rose 2.48%. Alibaba, JD.com, Baidu and Sina Weibo all rose more than 1%.
On Wednesday, local time, the Federal Reserve announced the minutes of the FOMC monetary policy meeting on September 15-16, showing that the outbreak of the new crown epidemic poses risks to economic recovery. Federal Reserve officials worry that the current US government’s financial assistance measures are insufficient. Expect more financial assistance measures to come.
Many participants said that if future financial support is much less than their expectations, or much later than their expectations, the pace of recovery may be slower than expected; some participants also believe that the lack of further financial support will exacerbate ethnic minorities , Economic difficulties in low-income communities.
In the global market, the Hong Kong Hang Seng Index of Asia-Pacific stock markets closed up 1.09% to 24,242.861 points; the Nikkei 225 Index closed down 0.05% to 23,422.82 points.
European stock markets closed mixed. The German DAX30 index rose 0.12%, the UK FTSE 100 index fell 0.04%, and the French CAC40 index fell 0.28%.
The price of gold continued its downward trend. COMEX gold futures closed down 0.96% to US$1,890.50 per ounce, a two-day decline; COMEX silver futures closed up 0.02% to US$23.925 per ounce.
In terms of international oil prices, the price of West Texas Intermediate (WTI) crude oil for November delivery on the New York Mercantile Exchange fell 1.36 US dollars, or 3.3%, to close at 39.31 US dollars per barrel; London Intercontinental Exchange Brent crude oil futures for December delivery The price fell by US$1.25, or 2.9%, to close at US$41.40 per barrel.
(Zhongxin Jingwei APP)