Technology stocks strengthened, the NASDAQ rose 1.4percent, oil prices fell nearly 4percent, driving energy stocks down sharply

category:Finance
 Technology stocks strengthened, the NASDAQ rose 1.4percent, oil prices fell nearly 4percent, driving energy stocks down sharply


*Crude oil demand was depressed by the epidemic situation, and the US oil market fell by 6%

The uncertainty of a new round of fiscal stimulus disturbs market sentiment. US stocks rose and fell repeatedly on the first trading day of October. Technology stocks provided support for the market. As of the end of the day, the Dow was up 35.2 points at 27816.9 points; the S & P 500 index was up 17.8 points, or 0.5%, at 3380.8 points; the NASDAQ index was up 159.0 points, or 1.4%, at 11326.5 points.

Technology stocks led the market, with Facebook, apple, Amazon, Netflix and Google up 0.9-5.5%, with Netflix the biggest gainer.

U.S. oil fell 3.8%, dragging energy stocks into the worst performing sector. The S & P 500 energy sector fell 3.1%, Halliburton Energy Co., the worlds leading oil field company, closed down 7.3%, Valero, the largest oil refining company in North America, fell by more than 3.42% and Western oil fell by 3.3%.

Retailer bedbath & Beyond surged 25.1% after the results. For the quarter ending August 29, the company recorded a net profit of $220 million and a loss of $140 million in the same period last year; net sales revenue fell 1% to $2.69 billion, better than market expectations; as consumers purchased a large number of masks and household goods during the epidemic period, online sales of the company soared by 80%, making its same store sales increase by 6%, the first time in four years.

There is still no progress in fiscal stimulus negotiations

House Speaker Nancy Pelosi had a 50 minute phone call with Treasury Secretary manu munchin at 1 p.m. local time on Thursday. Pelosi spokesman drew Hammill said the two sides intended to clarify the size and wording of the new stimulus bill, but there were still big differences on key issues. Earlier on Thursday, Pelosi told colleagues in her party that she was skeptical about the possibility of an agreement. The house of Representatives is due to vote on a $2.2 trillion stimulus bill on Thursday night, which is expected to be difficult to pass by the Senate, with a maximum of $1.6 trillion from Republicans.

There is still hope for a bipartisan deal, with the ultimate stimulus expected to be between $1.5 trillion and $2 trillion, ed mills, a policy analyst at investment bank Raymond James, wrote in a report.

The U.S. Labor Department said on Thursday that for the week ending September 26, the number of new jobless claims was 837000, better than market expectations of 850000, down 36000 from the previous week, and also the index was below one million for five consecutive weeks. In the past four weeks, an average of 867000 Americans applied for unemployment benefits a week, up from 200000 before the outbreak.

On the same day, the core PCE price index in August of the United States increased by 0.3% month on month, in line with expectations and the same as the previous value; it increased by 1.6% year-on-year, better than the expected increase of 1.4%, higher than the previous value of 1.3%.

Crude oil demand was depressed by the epidemic situation, and the US oil market fell by 6%

The number of confirmed novel coronavirus pneumonia cases worldwide has increased, hitting the prospect of oil demand. OPECs output rise last month has also brought pressure on oil prices. WTI crude oil futures closed down US $1.51, or 3.8%, to US $38.71/barrel, after falling more than 6% to reach the low of $37.61/barrel; Brent crude oil futures fell $1.52, or 3.6%, to $40.78/barrel.

European stocks rose and fell in different countries

The epidemic situation in Europe is grim. In response to the surge in new cases, Italy has extended the state of emergency to January next year, Britain will extend local restrictions in northern England, and France may take further measures against six cities, including Paris. Economic data were mixed. The final value of the euro zones manufacturing PMI in September was in line with the forecast at 53.7, indicating a sustained recovery in manufacturing activity in the euro area, mainly driven by industrial power Germany. Meanwhile, the euro zone unemployment rate rose 0.1% in August to 8.1% from a month earlier. European stocks were mixed on Thursday. As of the end of the day, Germanys DAX index fell 30.0 points, or 0.2%, to 12730.8 points; the UK FTSE 100 index rose 13.4 points, or 0.2%, to 5879.5 points; Frances CAC40 index rose 20.6 points, or 0.4%, to 4824.0. Read the box office record and refresh it again! Be careful of scams under the National Day feast and make 70.9 billion yuan! Nearly 2 trillion enterprise annuity half year report card released, real estate enterprises fight silver 10: 6.6% discount for real estate sales promotion_ NF4368

The epidemic situation in Europe is grim. In response to the surge in new cases, Italy has extended the state of emergency to January next year, Britain will extend local restrictions in northern England, and France may take further measures against six cities, including Paris.

Economic data were mixed. The final value of the euro zones manufacturing PMI in September was in line with the forecast at 53.7, indicating a sustained recovery in manufacturing activity in the euro area, mainly driven by industrial power Germany. Meanwhile, the euro zone unemployment rate rose 0.1% in August to 8.1% from a month earlier.