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Is The Epidemic Turning Point? U.S. Stocks Rose Nearly 800 Points! A Big News Came From The US Presidential Campaign.

2020/4/9 11:31:00 0

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US Stocks Epidemic Inflection Point US Presidential Election

U.S. stocks rose strongly on Wednesday.

Stocks on Wednesday showed strong gains. The Dow Jones industrial average rose nearly 3.5%, rose nearly 780 points, the S & P 500 index rose more than 3.4%, while the Nasdaq composite index rose nearly 2.6%. Meanwhile, the VIX index, which measures market panic, fell by more than 7%, indicating a further stabilization of market confidence.

On the whole, optimism is helping, except for the favorable global new crown pneumonia epidemic data, especially the slowing of the newly diagnosed cases in Europe and America. Tony, a Changan Institute of allergy and infectious diseases, said in an interview with Fawkes TV on Wednesday. After this week, there should be an inflection point in the US epidemic, which boosted market confidence. 。 According to the latest statistics released by Johns Hopkins University, more than 420 thousand cases of new crown pneumonia have been diagnosed in the United States, and over 14 thousand cases have died.

Saunders announces retirement from President of the United States

Another big news in today's market has also inspired the morale of Wall Street: the Democratic presidential candidate Saunders announced the withdrawal of elections, which means that former vice president Biden will challenge the incumbent president Trump as a Democratic candidate in the November general election. Saunders's political and campaign slogans include health care, economic equality, and tax for the rich. He also called for strengthening financial regulation and regulating the monopoly of technology giants. So Wall Street and Silicon Valley were once very worried that if Saunders took charge of the White House, it would have a very adverse impact on stock prices. However, the uncertainty has disappeared, and the US stock market has shown a strong rally after Saunders announced the withdrawal.

Airliner cruise stocks continue to rebound amid pressure on stocks

Among them, aviation, hotels, cruise shares continued to rebound, Wynn Resorts rose nearly 14%, Marriott International rose 12%, while the United Airlines and Royal Caribbean cruise rose 12%. Technology stocks and financial stocks are rising all the way. At the same time, China's stock market has been under pressure from short selling agencies. Baidu, good future, Iqiyi, who learn and fight a lot, and Alibaba share most of the shares.

After the rally of US stocks on Wednesday, the Dow has risen 29% from its low point, while the Nasdaq composite index has narrowed to less than 10% this year. But many analysts warn of the risk of another plunge in the stock market.

OPEC and oil exporting countries will soon meet the "only hope" of oil prices.

In addition, oil prices strengthened at the end of Wednesday. The market hopes that oil producers can reach a reduction agreement at the meeting, boosted by the upcoming meeting of OPEC and other oil producing countries on Thursday. According to reports, Algeria's oil minister said that OPEC + conference will reach a "fruitful" agreement, the reduction of production or more than 10 million barrels per day. Driven by optimism, the US West Dezhou light crude oil futures price WTI rose 12% at the end of the month, narrowed by 6.18%, while London Brent crude futures closed up 3.04%. The market is waiting for the meeting. Some analysts pointed out that Recent news news has led to the fast rising and falling trend of oil prices, which shows that market sentiment is still fragile and uncertainty still exists, and this meeting will be the "only hope" to prevent oil prices from falling all the time in the near future.