The general decline in technology stocks caused the Nasdaq index to fall more than the Dow Jones index and the S&P index ... The Dow component Apple closed down 4.55% and Microsoft closed down 4.35%. Tesla fell by about 5%, and competitor Nikolai also fell by more than 6%. Social media Facebook, Google A and e-commerce Amazon all fell by more than 3%.
Will the technology stock market continue to fall? My judgment is unlikely. The essence of Thursday's decline is to lay a solid foundation and squeeze out bubbles. This wave of US stocks rose too high, especially the bubble of technology stocks has been accompanied. If it continues to rise, the risk will be even greater. Thursday's decline should be a technical adjustment.
Judging from the news, there is nothing particularly bad. Recently, geopolitical risks have been constant, and the anti-virus ability of the market has been greatly improved. At present, the stock market has greatly improved its immunity to epidemic situation, trade disputes and geopolitical risks.
Judging from the financial report performance being disclosed, there are no negative factors that exceed expectations, only the annual report performance that exceeds expectations. Technology giant Microsoft's revenue and net profit in the second quarter exceeded market expectations. Tesla, an electric car manufacturer, made an unexpected profit in the second quarter and announced the opening of a new factory in Austin, Texas.
A new rescue plan is about to be agreed. The direct discovery gold measure will expire at the end of this month. In the current severe epidemic situation, it is urgent to introduce a new round of stimulus plan. The White House, the House of Representatives and the Senate are in intensive consultations.
Mnuchin said that Trump's request to cut payroll tax will not be included in the fourth round of epidemic relief bill, and the scale of the rescue bill will be around 1 trillion US dollars, and hinted that a fifth round of rescue bill may be introduced.
According to Mnuchin, the Party's disaster relief plan also includes:
654.38+005 billion dollars to help schools reopen, and the scale of funds depends in part on the reopening of schools;
Directionally add a round of "salary protection plan" to provide "second round check" payment for some enterprises whose income has dropped by more than 50%;
COVID-19's new test capital is 654.38+0.6 billion US dollars;
Tax credits to encourage enterprises to hire workers;
State and local governments have more flexibility in using federal relief, but there is no new aid;
Issue checks directly to individuals (no payment amount or qualification is specified).
There are two opinions on the amount of checks written by individuals: one is the same as the last round, and the other is that the amount of checks written in the last round is 30% off to prevent the lazy effect.
On Thursday, the Dow Jones index fell 353.5 1 point, or 1.3 1%, to 26,652.33 points. The Nasdaq fell 244.7 1 point, or 2.29%, to 1046 1.42 point; The S&P 500 index fell 40.36 points, or 65,438 points +0.23%, to 3,235.66 points.
On Thursday, European stock indexes were mixed, and the German DAX index fell 0.04% to 13099.40. Britain's FTSE 100 index rose 0. 10% to 62 13. 19. The French CAC40 index fell 0.07% to 5033.76 points; The European Stoxx 50 index rose 0.03% to 337 1.75.
The price of gold futures for August delivery in the New York Mercantile Exchange rose by $24.90, or 1.3%, to close at $0/.890 per ounce, with an intraday high of 1.897.70.
According to Dow Jones market data, according to the most active contract, the intraday historical record of gold futures on September 6th was 20 165438+ 1923.70 USD/oz, and the historical highest closing price on August 22nd was 20 165438+ 1.90.
The New York Mercantile Exchange September delivery of West Texas Intermediate (WTI) futures prices fell 83 cents, or 2%, to close at $465,438+$0.07 a barrel.
At the same time, due to the development of the Gulf of Mexico storm and its potential impact on the natural gas production prospects in the region, natural gas futures prices have risen sharply. Natural gas futures for August delivery rose 65,438+00 cents, or 6.2%, to close at 65,438+0.785 USD/million British thermal units.
Brent crude oil futures for September delivery on the London Intercontinental Exchange fell 98 cents, or 2.2%, to close at $ 43.438+0 per barrel.