China-Singapore Jingwei, May 5th. On Thursday, the three major U.S. stock indexes collectively opened lower, with the Dow down 0.72%, the Nasdaq down 1.37%, and the S&P 500 down 0.93%.
As of press time, U.S. stocks fell further, with the Dow down 1.26%, the Nasdaq down 2.32%, and the S&P 500 down 1.60%.
Popular Chinese concept stocks fell generally, Manbang Group and Pinduoduo fell by more than 8%, Bilibili and Weilai fell by more than 6%, Shell, JD.com, iQiyi, Xiaopeng Motors fell by more than 5%, Alibaba, NetEase fell more than 4%.
In addition, eBay fell by more than 6%, with a net loss of US$1.34 billion in the first quarter, and GMV fell by 20% year-on-year; Booking rose by more than 9%, and its revenue in the first quarter increased by 136% year-on-year; Chinese concept stock Huirong Technology rose by more than 20%.
On Wednesday, the three major U.S. stock indexes opened slightly higher and then fluctuated and sorted out. Later in the session, after the speech of Federal Reserve Chairman Powell, the Dow rose nearly 990 points.
At 4 a.m. on May 5, Beijing time, the Dow closed up 932.27 points to 34061.06 points, an increase of 2.81%; the Nasdaq closed up 401.10 points to 12964.86 points, an increase of 3.19%; the S&P 500 closed up 124.69 points, Reported 4300.17 points, an increase of 2.99%.
The three major stock indexes closed up collectively for the third consecutive trading day.
In overseas central bank news, the Bank of England announced on Thursday that it would raise interest rates by 25 basis points, the fourth consecutive rate hike since December last year, raising interest rates to the highest level since February 2009.
On the economic data front, the U.S. Labor Department reported that initial jobless claims came in at 200,000 last week, compared with expectations for 182,000.
The previous value was 180,000.
The adjusted four-week moving average of initial jobless claims was 188,000, an increase of 8,000 from the previous week's revised average.
The U.S. will release the April nonfarm payrolls report on Friday.
(Sino-Singapore Jingwei APP)Keywords: