China-Singapore Jingwei, June 14th. On Monday, Eastern Time, the three major U.S. stock indexes opened lower and moved lower.As of the close, the Dow fell 876.05 points, or 2.79%, to 30516.74 points; the Nasdaq fell 530.79 points, or 4.68%, to 10809.23 points, hitting a new closing low since October 2020; the S&P 500 fell 151.23 points, or 3.88 % reported 3749.63 points, falling into a technical bear market.
Screenshot source: Wind
Large technology stocks fell across the board. Apple fell 3.83%, Amazon fell 5.45%, Netflix fell 7.24%, Google fell 4.29%, Facebook fell 6.44%, and Microsoft fell 4.24%.
Bank stocks generally fell, with JPMorgan Chase down 2.78%, Goldman Sachs down 1.28%, Citigroup down 4.19%, Morgan Stanley down 3.15%, Bank of America down 3.38%, and Wells Fargo down 2.57%.
Airline stocks were weak, Boeing fell 8.75%, American Airlines fell 9.45%, Delta Airlines fell 8.29%, Southwest Airlines fell 6.35%, and United Airlines fell 10.06%.
Popular Chinese concept stocks generally fell, Tiandihui fell 48.68%, Fangduoduo fell 29.35%, Newegg fell 20.62%, Qutoutiao fell 19.86%, Ninth City fell 16.05%, Dingdong Maicai fell 15.12%, Good Future fell 14.47% %, Canaan Technology fell 12.87%, BeiGene fell 11.74%, Alibaba fell 10.11%, Bilibili fell 10%, Pinduoduo fell 9.24%, Baidu fell 7.69%; in terms of gains, Zhongyang Financial rose 19.25% , Huadi International rose 8.82%, New Oriental rose 5.61%; Zhonggai New Energy Automobile stocks fell across the board, Weilai Automobile fell 11.74%, Xiaopeng Motors fell 7.36%, and Ideal Motors fell 2.94%.
Elsewhere, Tesla fell 7.1% as the company sought a stock split, splitting one share into three.Astra Space fell nearly 24% after a failed rocket launch.Bitcoin fell sharply, and Bit Mining fell by more than 36%.
In terms of European stock markets, the three major European stock indexes also closed down across the board.The 100-stock average price index of the "Financial Times" stock market in London, England, closed at 7,205.81 points, down 111.71 points, or 1.53%, from the previous trading day.The CAC40 index of the French Paris stock market closed at 6022.32 points, down 164.91 points, or 2.67%, from the previous trading day.The DAX index of the Frankfurt stock market in Germany closed at 13427.03 points, down 334.80 points, or 2.43%, from the previous trading day.
In terms of international oil prices, WTI July crude oil futures closed up $0.26, or 0.22%, at $120.93 per barrel.Brent crude oil futures for August ended up 26 cents, or 0.21%, at $122.27 a barrel.
In terms of international gold prices, the most actively traded August gold futures price in the New York Mercantile Exchange gold futures market fell $43.7 from the previous trading day to close at $1,831.8 an ounce, a decrease of 2.33%.
In terms of the U.S. dollar index, the U.S. dollar index rose significantly on the 13th local time. As of late trading in New York, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.89% to 105.0730.
In terms of economic data, according to the data released by the U.S. Department of Labor on the 10th, the U.S. consumer price index (CPI) rose by 1% month-on-month in May and 8.6% year-on-year. The year-on-year increase has been above 8% for three consecutive months.The data also showed that the Fed has a long way to go to rein in soaring inflation, while the odds of a U.S. recession are increasing.
In addition, the University of Michigan recently released a report saying that preliminary data showed that the U.S. consumer confidence index fell to 50.2 in June, a decrease of 8.2 compared with May, a record low; The assessment value also fell, to 55.4 from 63.3 in May.The report believes that the main reason for the decline in consumer confidence is that many people are worried about US inflation.
Two key indicators of the New York Fed deteriorated to historically extreme levels.The monthly survey released by the Federal Reserve Bank of New York showed that the median year-on-year growth rate of U.S. consumer inflation in the next 12 months rose to 6.6% in May, which was tied with the data in March. The median forecast surged to 9%, the highest since the New York Fed tracked the data.
Morgan Stanley CEO Gorman said on Monday that the risk of a recession in the U.S. economy is currently considered to be about 50%.
According to market analysis, the pessimistic data has strengthened the market's expectation that the Fed will continue to aggressively raise interest rates and even curb economic growth.In the early morning of June 16, Beijing time, the Federal Reserve will announce its interest rate decision, and the market is expected to raise interest rates sharply again.Barclays economists said U.S. inflation data could be at alarmingly high levels, meaning the Fed is highly likely to raise interest rates by 75 basis points this week, not 50 basis points.(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.)
【Editor: Ye Pan】
