Sino-Singapore Jingwei Client, March 5, US stocks continued their decline on Thursday, and the three major stock indexes collectively closed down for the third consecutive trading day.

During the session, the Dow once fell more than 720 points; the Nasdaq fell more than 3.4% at one time, approaching the lowest point of the year.

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  At 16:00 on March 4, U.S. Eastern Time (05:00 on March 5, Beijing time), the Dow closed down 345.95 points to 30,924.14 points, a decrease of 1.11%; the Nasdaq closed down 274.28 points to 12,723.47 points, a decrease of 1.11% 2.11%, the annual line turned down, down 1.28% from the close on December 31, 2020; the S&P 500 index closed down 51.25 points to 3,768.47 points, a decrease of 1.34%.

  Large-scale technology stocks in the U.S. stocks rose and fell mixed. Apple fell 1.58%, Amazon fell 0.91%, Netflix fell 1.81%, Google rose 1.12%, Facebook rose 0.87%, and Microsoft fell 0.36%.

  US oil stocks rose collectively, Exxon Mobil rose 3.8%, Chevron rose 0.83%, ConocoPhillips rose 3.54%, Schlumberger rose 0.7%, and Occidental Petroleum rose 4.22%.

  US aviation stocks fell across the board, Boeing fell 1.58%, American Airlines fell 4.19%, Delta Airlines fell 2.87%, Southwest Airlines fell 3.01%, and United Airlines fell 4.62%.

  Most popular Chinese concept stocks fell, Qutoutiao fell 25.9%, Litchi fell 23.3%, Kaixin Auto fell 20.8%, Wunong Technology fell 19.3%, Ebang Communications fell 17.6%, Bilibili fell 8.7%, Baidu and Weibo Both Pinduoduo and Pinduoduo fell over 6%.

In terms of gains, China Everbright Water rose 4.4%, China Pacific Insurance rose 3.4%, and PetroChina rose 2%.

New energy auto stocks fell across the board, with Weilai Motor down 5.32%, Xiaopeng Motor down 2.23%, and Ideal Auto down 1.98%.

  In terms of data, according to data from the US Department of Labor, in the week ending February 27, the number of people applying for unemployment benefits for the first time in the United States increased by 9 thousand from the previous month to 745,000.

The previous week’s data was revised upwards from 730,000 to 736,000.

  Eurostat announced that in January, the total retail merchandise in the Eurozone fell by 5.9% month-on-month and 6.4% year-on-year. The largest declines were in Austria, Ireland and Slovakia, with a decline of more than 10%.

  In terms of news, Federal Reserve Chairman Jerome Powell said in an online interview with The Wall Street Journal on March 4, local time, that with the widespread vaccination of the new crown pneumonia in the United States, the new crown pneumonia epidemic in the United States has eased, and it is expected that currency will be available for some time in the future. The inflation rate will show an upward trend, but interest rates will remain basically unchanged.

  OPEC and its allies agreed to extend the oil production cut period by one month to April, giving Russia and Kazakhstan a small amount of exemption.

Russia was allowed to increase production by 130,000 barrels a day in April, and Kazakhstan was allowed to increase production by 20,000 barrels a day.

Saudi Arabia extended its voluntary production cut of 1 million barrels per day by one month to April.

  European stocks: The three major European stock indexes were mixed on the 4th.

The London Stock Market "Financial Times" average price index of 100 stocks closed at 6650.88 points, down 24.59 points, or 0.37%.

The DAX index of the Frankfurt stock market in Germany fell 23.69 points, or 0.17%, to close at 14056.34 points.

The CAC40 index of the Paris stock market in France closed at 5830.65 points, an increase of 0.59 points, or 0.01%.

  International oil prices: New York oil prices rose sharply on the 4th. The price of New York light crude oil futures for delivery in April rose 2.55 US dollars, or 4.16%, to close at 63.83 US dollars per barrel.

Brent May crude oil futures closed up 2.67 US dollars, or 4.17%, to 66.74 US dollars per barrel.

  International gold prices: The most active April gold futures price on the New York Mercantile Exchange gold futures market fell by 15.1 US dollars from the previous trading day on the 4th, and closed at 1700.7 US dollars per ounce, a decrease of 0.88%.

(Zhongxin Jingwei APP)