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    Six in a row! NASDAQ set the longest consecutive increase in the year

    2020-05-12 | Pageviews: CHANGZHOU FOAN M AND E CORPORATION
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    Zhongxin Jingwei client may 12 - US stocks ended mixed Monday, with the NASDAQ closing higher for the sixth consecutive trading day, the longest consecutive gain this year. Large US technology stocks rallied, while hot Chinese stocks were mixed.

    At 16:00 on May 11 (04:00 on May 12, Beijing time), the S & P 500 index rose 0.39 points, or 0.01%, to 2930.19; the Dow fell 109.33 points, or 0.45%, to 24221.99; the NASDAQ rose 71.02 points, or 0.78%, to 9192.34.

    Large US technology stocks rose, with apple up 1.57%, Amazon up 1.24%, Nye up 1.14%, Google up 1.39%, Facebook up 0.39% and Microsoft up 1.12%.

    U.S. financial stocks fell across the board, with JPMorgan Chase down 2.98%, Goldman Sachs down 1.17%, Citigroup down 4.9%, Morgan Stanley down 0.65%, Bank of America down 4.24%, Wells Fargo down 2.6% and Berkshire Hathaway down 0.86%.

    U.S. energy stocks all fell, with ExxonMobil down 0.95%, Chevron down 2.18%, ConocoPhillips down 1.83%, Schlumberger down 3.77%, and EOG energy down 3.07%.

    Popular Chinese stocks were mixed, with Alibaba up 2.08%, JD down 0.13% and Baidu down 0.22%; Meimei securities down 11.36%, Jianan technology down 8.49%, xinrufu down 8.24%, Xunlei down 7.61% and who learned to fall 5.6%; Zhengkang international up 26.32%, Lexin up 17.04%, Siku up 16.34%, 360 finance up 9.53% and Acorn International up 9.17%.

    There will be a lot of data coming out of the US this week, including retail sales, industrial production and inflation in April.

    According to the data on the website of the Bureau of labor statistics, the change in non-agricultural employment in April was revised from a decrease of 20.5 million to a decrease of 20.537 million; in March, it was revised from a decrease of 87000 to a decrease of 881000; in February, it was revised from an increase of 230000 to an increase of 251000.

    Before that, the U.S. Department of labor announced on Friday that the number of non-agricultural employment fell by 20.5 million in April, the largest decline since records began in 1939, with an estimated reduction of 22 million, compared with the previous reduction of 701000. The unemployment rate reached 14.7%, jumping to a record high. Just two months ago, the unemployment rate in February was at a 50 year low.

    News, according to Reuters, Tesla told its California auto factory employees on Monday to return to work. A few days ago, local officials said the factory should continue to close because the blocking measures are still effective to curb the spread of the new coronavirus.

    European stocks: the three major European stock indexes rose and fell in different ways on the 11th. London equities (FTSE 100 stock average) rose 3.75 points, or 0.06%, to 5939.73. Paris equities (CAC40) closed at 4490.22, down 59.42 points, or 1.31%. Germany equities (DAX) fell 79.49 points, or 0.73%, to 10824.99.

    International oil prices: New York oil prices fell on the 11th, and the price of New York light crude oil futures for June delivery fell 60 cents to close at $24.14 per barrel.

    Gold: on the New York Mercantile Exchange, the most active gold futures market in June fell 15.9 US dollars to close at 1698 US dollars per ounce, or 0.93% compared with the previous trading day.

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