Chinanews Client Beijing, April 2 (Xie Yiguan) On April 1, local time, the first trading day of the second quarter, U.S. stocks encountered a "black door", the Dow fell nearly a thousand points, and all three major stock indexes closed down more than 4%. The market believes that under huge uncertainty, U.S. stocks may "second bottom".

The Dow traded intraday.

US stocks tumble, Dow plunges nearly a thousand points

Before the market, the number of ADP employment in the United States in March, known as the "small non-farm", fell by 27,000, the lowest level since January 2010. In addition, the United States announced on March 1 that the ISM manufacturing index fell to 49.1, with an estimate of 44.5 and 50.1 last month. A new low employment data combined with shrinking US manufacturing activity has hurt investor confidence.

On April 1, the three major U.S. stock indexes opened sharply lower, and then entered a sideways shock. The market dived slightly at the end. The three major stock indexes fell more than 5% at one time, and the Dow once fell more than 1100 points.

As of the close, the Dow closed down 973.65 points, down 4.44%, to 20943.51 points; the Nasdaq closed down 339.50 points, down 4.41%, to 7360.58 points; the S & P 500 closed down 114.10 points, down 4.41% to 2470.50 points, hitting March The biggest one-day drop since the 20th.

Large-scale U.S. technology stocks fell across the board, energy stocks generally fell, and most of the hot stocks closed down. U.S. cruise and aviation stocks fell collectively. Boeing tumbled 12.4%, and American Express fell more than 9%, leading the Dow. Wal-Mart rose 0.56%, the only gainer among the Dow components. Apple and Google both fell more than 5%, and Tesla fell more than 8%.

Risk aversion is heating up, assets flock to US debt, gold

Before the US stock market, the Chicago Board Options Exchange VIX "panic index" rose 10.25%. Investors' risk aversion has rapidly heated up, and US debt has become a "fragrant tea".

On April 1, local time, the yield on U.S. Treasury bonds fell across the board. The yield on 2-year U.S. Treasury bonds fell 3.9 basis points to 0.218%, while the yield on 3-year U.S. Treasury bonds fell 3.8 basis points to 0.263%. The yield fell 2.6 basis points to 0.359%, the 10-year US Treasury yield fell 8.4 basis points to 0.589%, and the 30-year US Treasury yield fell 10.2 basis points to 1.224%.

The safe-haven value of gold was reflected. On Wednesday, COMEX gold futures closed up 0.43% to $ 1603.4 per ounce.

The tight liquidity of the dollar remains. At the end of New York, the US dollar index rose 0.51% to 99.4556, the euro fell 0.65% to 1.0964, the pound fell 0.32% to 1.2368, the Australian dollar fell 1.05% to 0.6073, and the dollar to yen fell 0.37% to 107.16. The renminbi against the US dollar fell 289 basis points to 7.1228.

Data map.

Agency: US stocks fear "second bottom"

According to the global real-time statistical system of new crown pneumonia data released by Johns Hopkins University in the United States, as of 6 pm EST on April 1, a total of 209,071 new crown pneumonia cases have been diagnosed, 4,757 cases have been cured and 8,434 cases have been cured. In the past 24 hours, 24,888 new diagnoses and 947 deaths were added.

Several cities in the United States have entered a "closed city" state. As of now, 30 states in the United States have been approved to declare a "major disaster state."

The epidemic has spread and economic activity has stalled. Wall Street legendary investor Jim Rogers points out that the worse days are yet to come. "After the market went out of the initial extremely pessimistic stage, it has staged a recent rally. Although this rally will continue for some time, it will eventually face another round of crashes."

According to Rogers, there are three major reasons that determine the future performance of the market. They are the huge damage caused by the virus epidemic, high debt levels, and extremely low interest rates-such low interest rates are not sustainable. Yes, but its rise will cause collateral damage.

Jeff Gundlach, the founder of DoubleLine Capital and known as the "bond king", said the U.S. stock market sell-off caused by the new crown pneumonia epidemic has not yet ended, and the market will once again fall below in March. Hit the lows and usher in a more "persistent" bottom.

Patrick Kaser, portfolio manager at Brandywin Global, states, "There is still a great deal of uncertainty. We can think of history as a 'landmark' for markets and the economy, but there is little assumption that the scenario is perfect. In this case, For long-term investors, the best thing is to figure out what they want more in the long run. "(End)