New york Stock Exchange traders on the same day
On April 7 th, US stocks fell sharply on Friday due to concerns about the intensification of the Sino-US trade war. According to Friday's news, since the opening of the US stock market, the Dow Jones Industrial Average has fallen by 700 points, or about 3%, to a new low, and Boeing and Caterpillar have been seriously damaged. The standard & poor's 500 index fell by 2%, and industrial manufacturing became the worst performing industry; The Nasdaq Composite Index fell 2.4%.
The sell-off accelerated in the last two hours after the Federal Reserve Chairman Jerome Powell said that the Fed would continue to raise interest rates this year. Some traders hope that the head of the Federal Reserve will acknowledge the recent market volatility caused by trade disputes.
The chief analyst of TD Ameritrade, one of the largest Internet brokers in the United States, said that these data truly reflect the market's statement on the day of management in China. "The market saw the trend represented by the China administration's heavy speech, and then everyone expressed concern, but we must find a solution."
After China announced on Wednesday that he would impose new tariffs on 106 American products, US President Trump threatened to impose more taxes and fees on Thursday, saying that he had asked the US Trade Representative to consider imposing tariffs on the extra products of China 100 billion US dollars. It is reported that US stocks fell sharply, and global stock markets also fell sharply during the same period.
Us stock information at 65438+ 0:30 am Beijing time.
Us stock information at 3:50 am Beijing time
China's Ministry of Commerce said on Friday that China would not hesitate to respond to "a major response to the new US tariffs". Affected by this, Boeing and Caterpillar both fell by more than 2.5%. Shares of large technology companies also fell. Apple and Amazon both fell more than 1.5%, while Netflix fell 0.5% after a short rise.
The decline in the stock market was accompanied by lower-than-expected employment data. The US Department of Labor reported that the US economy added 65,438+003,000 jobs in March. Economists surveyed by Reuters had expected an increase of 654.38 million+93 million.
Mike Loewengart, vice president of E-Trade investment strategy, called it a "mixed data package". He said that the headline data may be disappointing, but it may be more disappointing than the data we have seen. He pointed out that although wages in the United States have increased, the unemployment rate is still at a historically low level.
"For investors, today's report may be unacceptable in the context of increasing trade confrontation," Loewengart said.
US inflation concerns reappear (data map)
According to the analysis, investors are cautious about these data, and they are looking for any signs showing how the United States will respond and what is the significance of the Fed's interest rate hike in the future.
Scott Clemons, chief investment strategist of Brown Brothers harriman, said that the Fed is still expected to raise interest rates three times this year. However, the intensification of trade tensions has made this central bank face a complicated financial situation.
"On the one hand, the Fed doesn't want to get into chaos," clemons said. "On the other hand, the increase in tariffs may trigger inflation in North America, which will put the Fed in trouble."