Sino-Singapore Jingwei Client, October 29. On Wednesday, Eastern Time, the three major U.S. stock indexes collectively fell sharply, with a drop of more than 3%. The Dow fell more than 900 points.
In addition, European stocks are also overcast, with the three major indexes falling sharply; international oil prices and international gold prices have weakened.
On the news, according to Reuters, the surge in confirmed cases of new coronary pneumonia worldwide and the failure of the United States to reach an agreement on new fiscal stimulus measures have caused the three major US stock indexes to fall sharply.
In addition, public reports show that due to the rebound of the epidemic, many places in the United States have resumed stricter business regulations; French President Macron announced that the entire territory of France, including overseas territories, will be closed again from the 30th to deal with the rapid rebound of the epidemic; From November 2nd, a stricter social contact ban will be implemented than the current measures. The tentative implementation period is the entire November.
Time-sharing chart of the three major US stock indexes.
Source: Wind
As of the close, the Dow Jones Industrial Average fell 943.24 points, or 3.43%, to 26,519.95 points; the Nasdaq fell 426.48 points, or 3.73%, to 1,1004.87 points; the S&P 500 index fell 119.65 points, or 3.53%, to 3,271.03 points.
Major US technology stocks generally fell. Apple fell 4.63%, Amazon fell 3.76%, Netflix fell 0.55%, Google fell 5.51%, Facebook fell 5.51%, and Microsoft fell 4.96%.
US financial stocks fell across the board. JPMorgan Chase fell 2.77%, Goldman Sachs fell 3.06%, Citigroup fell 1.72%, Morgan Stanley fell 2.06%, Bank of America fell 1.64%, Wells Fargo fell 2.84%, Berkshire Hathaway fell 2.64%.
Most US energy stocks fell. Exxon Mobil fell 3.81%, Chevron fell 3.86%, ConocoPhillips fell 4.92%, Schlumberger fell 5.96%, and Occidental Petroleum fell 4.21%.
Popular Chinese concept stocks fell more or less, Alibaba fell 2.96%, JD fell 3.53%, Baidu fell 3.11%; Renren fell 15.08%, Contact Intelligence fell 10.73%, Moxian fell 9.84%; Weilai Automobile fell 3.2% , NetEase fell 2.47%, Bilibili fell 3.16%, Pinduoduo fell 0.35%; Shell rose 3.68%, and iQiyi rose 2.59%.
Affected by factors such as the rebound of the epidemic, the external markets were generally affected, and the VIX panic index soared by more than 20%, breaking through the 40 mark.
Not only did US stocks suffer heavy losses, but European stocks, crude oil and precious metals also weakened.
The three major European stock indexes rose and fell.
Source: Wind
In terms of European stock markets, the three major European stock indexes fell sharply. The UK FTSE 100 index reported 5582.80 points, down 146.19 points, or 2.55%; France’s CAC40 index reported 4571.12 points, or 159.54 points, or 3.37%; Germany’s DAX index reported 11560.51 points. It fell 503.06 points, or 4.17%.
International oil prices fell sharply. Both the US and Burundi oil fell more than 5%. WTI December crude oil futures fell 2.18 US dollars, or 5.51%, to close at 37.39 US dollars per barrel.
Brent's December crude oil futures fell 2.08 US dollars, or 5.05%, to 39.12 US dollars per barrel.
International gold prices were not spared either. The December gold futures price, which was the most actively traded on the New York Mercantile Exchange gold futures market, fell by US$32.7 to close at US$1879.2 per ounce, a decrease of 1.71%.
In addition, the price of silver futures for December delivery fell by 4.93%, and the price of platinum futures for January 2021 fell by 1.33%.
The U.S. dollar index rose. As of the end of New York trading, the U.S. dollar index, which measures the dollar against six major currencies, rose 0.50% to 93.4036.
(Zhongxin Jingwei APP)
(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you must be cautious when entering the market.)