The price of gold has fallen! Oil prices have fallen! The volatility of U.S. stocks may increase? ! Wall Street reminder →
On Tuesday, local time, the three major U.S. stock indexes reversed their collective downward trend in the late trading hours of the previous day. Several sold-off stocks rebounded on Tuesday, pushing the three major stock indexes to fluctuate upwards, and finally closed slightly higher. The Dow and the S&P 500 index rose more significantly, both in the range of 0.8% to 0.9%. The S&P 500 index hit a record closing high; the Nasdaq closed up 0.55%.
Energy and industrial sectors rebounded, oil stocks rose generally
From the perspective of sectors, 10 of the 11 major sectors of the S&P 500 Index closed gains on Tuesday. Among them, the energy, industrial and materials sectors that were sold off in the late trading hours on Monday rebounded all on Tuesday, leading the market. From an industry perspective, oil stocks generally rose, becoming the bright spot on Tuesday. BP announced its second-quarter earnings report that exceeded expectations. It decided to repurchase 1.4 billion US dollars of stock in the third quarter and raise its dividend by 4%. At the close of trading on Tuesday, its stock price rose by more than 6%. In terms of individual stocks, Modena, which has just raised the price of vaccines recently, was disclosed by Wall Street trillion-scale funds to continue to hold heavy positions. Modena's stock price rose 11.5% on Tuesday.
Wall Street view: US stocks may remain sideways in the short-term, but the volatility will intensify
Some analysis pointed out that the three major stock indexes have recently closed up or closed down slightly, indicating that investors’ risk appetite has fluctuated. On the one hand, the continued spread of the epidemic has kept investors on the sidelines of cyclical stocks; on the other hand, as the market has increased expectations for the Fed to reduce the scale of bond purchases, investors have become more cautious about high-value technology stocks. The analysis therefore predicts that as the stock market enters a seasonally weak August, before the Fed officially reduces the scale of bond purchases, US stocks may maintain a sideways market, but the volatility may increase.
International oil prices fell slightly on the 3rd
In the international crude oil market, concerns about the spread of the epidemic continued to dominate market sentiment on Tuesday. The prices of the two main contracts continued the decline of the previous trading day, but the declines were significantly narrowed. As of the close of the day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange closed at US$70.56 per barrel, a decrease of 0.98%; the price of London Brent crude oil futures for October delivery closed at US$72.41 per barrel, a decrease It is 0.66%.
International gold prices fell slightly on the 3rd
The most active December gold futures price on the New York Mercantile Exchange gold futures market closed at US$1814.1 per ounce on the 3rd, a decrease of 0.44%. Market analysts believe that the rise in the US stock market was the main reason for the decline in gold prices that day.
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