Sino-Singapore Jingwei Client, July 30, Eastern Time on Thursday, the three major U.S. stock indexes rose across the board, and the Dow and S&P 500 index hit a record high during the session.
Crude oil, gold, and silver are all rising. What happened?
As of the close, the Dow closed up 153.6 points, or 0.44%, to 35084.53 points; the Nasdaq closed up 15.68 points to 14,778.26 points, an increase of 0.11%; the S&P 500 closed 18.51 points, or 0.44%, or 0.42. %.
In terms of major technology stocks in the US, Apple rose 0.44%, Microsoft rose 0.25%, Amazon fell 0.94%, Netflix fell 0.79%, Google fell 0.21%, and Facebook fell 3.94%.
US banking stocks rose collectively. JPMorgan Chase rose 1.08%, Goldman Sachs rose 0.89%, Citigroup rose 1.16%, Morgan Stanley rose 1.07%, Bank of America rose 1.64%, and Wells Fargo rose 2.52%.
Most popular Chinese concept stocks fell. 360 DIGITECH fell 17.43%, Shell fell 13.69%, Yunji fell 13.49%, Worry-Free English fell 9.85%, Dingdong Maicai fell 8.73%, Gaotu Group fell 8.56%, Good Future fell 8.28% , New Oriental fell 6.36%, Bilibili fell 3.44%.
In terms of gains, Uxin rose 16%, Didi Chuxing rose 11.16%, Burning Rock Medical rose 9.92%, Green Hotel rose 9.67%, and Angola rose 8.16%.
New energy auto stocks rose collectively, with Weilai Auto up 1.82%, Xiaopeng Auto up 1.87%, and Ideal Auto up 0.07%.
The US Federal Reserve announced on the 28th that it would maintain the target range of the federal funds rate between zero and 0.25%, in line with market expectations.
Fed Chairman Powell said at a press conference after the meeting that, supported by the progress of new crown vaccination and fiscal policy, US economic activity has continued to rebound from the downturn, but supply constraints are inhibiting some industry activities.
At the same time, labor market conditions continue to improve, but they are still far from achieving a complete and balanced recovery.
European stock markets: the British London Stock Market "Financial Times" 100 stock average price index closed at 7078.42 points on the 29th, an increase of 0.88%; France's Paris stock market CAC40 index closed at 6633.77 points, an increase of 0.37%; Germany's Frankfurt stock market DAX index reported It closed at 15640.47 points, an increase of 0.45%.
International oil prices rose on the 29th.
International oil prices: New York oil prices rose on the 29th. The price of New York light crude oil futures for delivery in September rose $1.23 to close at $73.62 per barrel.
London Brent crude oil futures prices rose 1.31 US dollars to close at 76.05 US dollars per barrel, an increase of 1.75%.
In addition to rising international crude oil futures, gold and silver are not to be outdone.
Spot gold and silver futures are both rising.
In terms of international gold prices, the most active December gold futures price on the New York Mercantile Exchange gold futures market rose by 31.2 US dollars over the previous trading day on the 29th, closing at US$1835.8 per ounce, an increase of 1.73%.
On the same day, the price of silver futures for September delivery rose 90.5 cents to close at $25.782 per ounce, an increase of 3.64%; the price of platinum futures for October delivery rose $9.5 to close at $1067.6 per ounce, an increase of 0.9%.
The U.S. dollar index fell on the 29th. As of late New York trading, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.45% to 91.8713.
Market analysts believe that the weakening of the dollar was the main reason for the rise in gold prices that day.
(Zhongxin Jingwei APP)