Sino-Singapore Jingwei, June 11. On Friday, Eastern Time, the three major U.S. stock indexes closed down across the board, the Dow plunged 880 points, and the Nasdaq fell more than 3.5%.

　　Screenshot source: Wind

　　As of the close, the Dow fell 2.73% to 31392.79 points, the Nasdaq fell 3.52% to 11340.02 points, and the S&P 500 fell 2.91% to 3900.86 points.

　　On the news side, the U.S. Department of Labor released data showing that the U.S. consumer price index (CPI) rose 1.0% month-on-month in May and 8.6% year-on-year, the highest year-on-year increase in 40 years.

　　Analysts believe that the U.S. CPI data in May was disappointing, and there is still no sign that the U.S. inflation situation is out of a "dangerous situation", adding to concerns that the U.S. economy is approaching recession.

　　The Wall Street Journal said the Fed faces a difficult task of tightening monetary policy to cool the economy and quell inflation while avoiding a recession.

Fed officials raised rates by 0.5 percentage point on May 4 and will meet again next week to consider a similar hike.

　　The European Central Bank will also raise interest rates.

The European Central Bank kept the three key interest rates unchanged in June, but according to the resolution on June 9, the European Central Bank will raise interest rates by 25 basis points at its next monetary policy meeting on July 21, and then on September 8. Rate hikes continue at the next monetary policy meeting, with the extent of rate hikes in September depending on inflation in the euro zone at that time.

　　Affected by the above news, the large-scale US stocks fell across the board. Apple fell 3.86%, Amazon fell 5.6%, Netflix fell 5.1%, Google fell 3.2%, Facebook fell 4.58%, and Microsoft fell 4.46%.

　　Bank stocks in the U.S. were weak, with JPMorgan down 4.65%, Goldman Sachs down 5.48%, Citigroup down 4.6%, Morgan Stanley down 4.66%, Bank of America down 3.94%, and Wells Fargo down 6.21%.

　　U.S. airline stocks fell collectively, with Boeing down 5.05%, American Airlines down 4.91%, Delta Air Lines down 4.41%, and Southwest Airlines down 4.57%.

　　Most popular Chinese concept stocks fell, with Education Technology down 21.31%, Tiger Securities down 19.02%, Qutoutiao down 17.06%, Youdao down 14.59%, Lixiang Education down 10.18%, Mogujie down 9.45%, Zhiwen Group down 9.31 %, TuSimple fell 9.26% in the future, Pop Culture fell 8.86%; in terms of increases, Ruisi Science English rose 138.46%, Hongqiao Hi-Tech rose 16.07%, Good Future rose 12.62%, Zhongyang Finance rose 11.34%, New Oriental rose 10.05 %.

　　Zhonggai new energy auto stocks were mixed, with NIO down 3.56%, Xiaopeng Motors down 0.58%, and Ideal Auto up 1.49%.

　　It is worth mentioning that the share price of cosmetics manufacturer Revlon closed down 53% overnight, the largest one-day drop since the company's US IPO, and reports said the company was close to filing for bankruptcy.

　　The three major European stock indexes fell across the board.

The 100-stock average price index of the "Financial Times" in the British London stock market closed at 7317.52 points, down 158.69 points or 2.12% from the previous trading day; the French Paris stock market CAC40 index closed at 6187.23 points, down from the previous trading day 171.23 points, a decrease of 2.69%; the DAX index of the Frankfurt stock market in Germany closed at 13761.83 points, down 436.97 points, or 3.08%, from the previous trading day.

　　International oil prices fell on the 10th.

As of the close of the day, the price of light sweet crude oil futures for July delivery on the New York Mercantile Exchange fell $0.84 to close at $120.67 a barrel, a decrease of 0.84%; the price of Brent crude oil futures in London for August delivery fell $1.06, It settled at $122.01 a barrel, down 0.86%.

　　The most actively traded August gold futures price in the New York Mercantile Exchange gold futures market rose $22.7 from the previous trading day on the 10th to close at $1,875.5 an ounce, an increase of 1.23%.

　　The dollar index rose significantly on the 10th. As of late New York trading, the dollar index, which measures the greenback against six major currencies, rose 0.88% to 104.1440.

(Sino-Singapore Jingwei APP)

(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)