[US stocks] New York oil futures hit the biggest single-day gains in three major indexes

Financial news

Written by: Zhai Ziqian, Lin Leqian

2020-04-02 21:38

The US stock futures market rebounded significantly. The Chinese and Hong Kong stock markets improved, and the major European stock markets also opened higher. The US stocks changed from falling to rising in the early stages. Among them, Ruixing Coffee blew up fraudulently and involved about 2.2 billion yuan.

[04:05] Before the market closes

The three major US stock indexes performed repeatedly in the afternoon, and even fell below the closing price of the previous trading day. However, the news that Saudi Arabia and Russia may reach a cut in oil production has stimulated the stock market to rebound. The Dow closed at 21413.44 points, up 469.93 points, or 2.24%; the Nasdaq was at 7487.31 points, up 126.73 points, or 1.72%; the S & P 500 rose 56.4 points or 2.28%, to 2526.90 points.

As for the lucky coffee that was involved in the fraud, it closed at $ 6.40, down $ 19.80, or 75.57%.

[02:45] U.S. oil production cuts are questioned, US stocks narrowed gains

In the market, the oil industry is expected to reduce production. The Dow Jones Industrial Average index repeatedly increased by more than 500 points in the early stages. However, the pneumonia epidemic caused by the new coronavirus continued, and the number of confirmed cases exceeded one million. U.S. stocks' gains gradually narrowed. The Dow recently closed at 20952.89 points, up 9.38 points or 0.04%. The S & P 500 index was 2747.58 points, up 7.08 points or 0.29%. The Nasdaq index was at 7438.87 points, down 16.72 points or 0.23 %.

U.S. President Donald Trump said in a Twitter post that he expects Saudi Arabia and Russia to cut 10 million barrels or more of crude oil after talking with Saudi Crown Prince Mohammed bin Salman.

Trump did not specify whether he was referring to a daily reduction in output, only that Crown Prince Mohammed had discussed the issue of oil price war with Russian President Putin; he later added: "The maximum output reduction can reach 15 million barrels." .

Kremlin spokesman Dmitry Peskov said Putin had not spoken with the crown prince. According to official media reports, Saudi Arabia has not confirmed the output cut, but only called on OPEC and Russia and other countries to convene an "emergency meeting".

After Trump tweeted, New York crude oil futures soared up to 35%. If Trump meant to cut 10 million barrels of oil a day, which would be equivalent to cutting Russia and Saudi Arabia's oil output by nearly 45%, this would be an unprecedented move, but it also raised market suspicion.

[02:40] May New York oil hits one-day biggest increase

New York ’s May crude oil futures closed at US $ 25.32 per barrel, an increase of US $ 5.01, or an increase of 24.67%, the largest increase in a single day. Investors look forward to Saudi Arabia and Russia reaching an agreement to cut production to avoid oversupply.

[02:34] US stocks perform repeatedly

The three major US stock indexes performed repeatedly in the afternoon trading session. The Dow once fell below the closing price of the previous trading day and is currently reported at 21007.90 points, up 64.31 points, up slightly by 0.31%. The Nasdaq reported at 7356.53 points, down 4.05 points, or 0.05 %; The S & P 500 index was at 2488.23 points, up 17.73 points, or an increase of 0.72%.

[01:10] European stock markets rose slightly

European stock markets closed with an uptrend. The British FTSE index reported 5480.22 points, an increase of 0.47%; the German DAX index reported 9569 points, an increase of 0.25%; and the French CAC index reported 4220.96 points, a slight increase of 0.33%.

[00:01] US stocks generally performed well at noon

U.S. stocks generally rose more than 1.6% at noon. The Dow closed at 21278.01 points, up 334.50 points, or 1.60%. The Nasdaq was at 7478.06 points, up 117.48 points, or 1.60%. The S & P 500 index was at 2515.94 points, up 45.44 points, up 1.84%

[22:44] International oil prices rebound Dow rises more than 2%

US WTI crude oil futures rose 28% to 26.08 yuan, Brent crude oil futures rose 32% to 32.84 yuan

US stocks expanded, with the Dow rising 448 points or 2.14% to 21,391 points, the Nasdaq up 108 points or 1.48% to 7,467 points, and the benchmark index rising 45 points or 1.92% to 2519 points.

[22:22] Ruixing coffee triggers the sixth fuse

Ruixing Coffee triggered the sixth fuse, and the latest fell 69.92% to $ 7.88.

According to the latest regulations of the American Securities and Exchange Commission, if the trading price of individual stocks rises or falls more than 10% in 5 minutes, trading must be suspended. The trading price of the stock has not returned to the specified price fluctuation range within 15 seconds, and trading will be suspended. 5 minutes, trigger the fuse mechanism.

US stocks rose. The Dow rose 150 points or 0.72% to 21081, the Nasdaq rose 41 points or 0.57% to 7402 and the benchmark rose 18 points or 0.75% to 2488.

[22:05] Ruixing suspended trading for four times

Ruixing Coffee blew up counterfeit figures on the investigation committee and found that the company's counterfeit transactions were worth about 2.2 billion yuan since the second quarter of last year. Looking at the information, Ruixing Coffee's turnover in the third quarter of last year was 1.542 billion yuan, which means that the forged data has exceeded the single-quarter turnover. After the stock market opened about 81.2%, the fuse mechanism was triggered four times, reaching as low as $ 4.9, and the latest fell 63.4% to $ 9.63.

Ruixing Coffee has been questioned about the authenticity of its financial data. A number of law firms in the United States have filed a class action lawsuit against Ruixing Coffee, accusing Ruixing of making false and misleading statements, violating U.S. securities laws, and expressing that from November 13 to this year Investors who have purchased their stocks on January 31 may contact a law firm if they wish to recover their losses.

The short-selling agency Muddy Waters Research pointed out in February this year that Ruixing Coffee exaggerated sales figures, exaggerating at least 69% and 88% of daily sales per store in the third and fourth quarters last year, and advertising expenditures in the third quarter of last year. Also exaggerated by more than 150%.

[21:37] Rui Xing's early stage fell nearly 80% and touched the fuse mechanism

Ruixing Coffee, which was involved in fraudulent accounts, fell 81.2% in the early stages, as low as 4.9 US dollars, and last reported at 5.62 US dollars, down 78.4%, triggering the fuse mechanism.

[21:32] The Dow fell more than a hundred points in the early stages

The U.S. stock market continued the previous day's decline. The Dow fell 138 points or 0.7% in the early period. It was last reported at 20805 points. The S & P index was last reported at 2460 points. %.

[21:22] US dollar regains 100 levels

The U.S. dollar regained its strength, and the U.S. dollar index was now reported at 100.119, regaining the 100 mark.

[21:18] US dollar index hit the 100 mark

The US dollar index rose, reaching a high of 100, rising 0.49%, a new high this week. The euro fell 0.87% against the U.S. dollar and was last reported at 1.0869. The Australian dollar was last 0.81% lower at 0.6022. The pound was last up 0.11% against the dollar at 1.2385. The U.S. dollar was down 0.04% against the yen at 107.1300.

[21:17] Dow futures down nearly 200 points

The three major US stock index futures changed from rising to falling. The Dow futures last reported 20,550 points, down 189 points or 0.9%. The S & P futures last reported 2430 points, down 18 points or 0.7%. The Nasdaq futures reported 7390 points, 48 ​​points. Or 0.6%, the latest reported 7390 points.

[21:12] Hong Kong stocks have a low water level of more than 300 points at night

Hong Kong stocks night market futures were weak. The April futures index last night was reported at 22958 points, down 311 points or 1.34%, with a low water level of 322 points and 14,024 transactions recorded temporarily.

[20:52] Dow futures fell

The United States has a record number of new claims for unemployment benefits. It has dragged the three major US index futures from up to down. The Dow futures last reported 20841 points, up 101 points or 0.5%, and the S & P futures last reported 2461 points, up 14 points or 0.6%, the Nasdaq futures last reported at 7459 points, up 21 points or 0.3%.

[20:51] Rui Xingca explodes before the plate

Ruixingka, which was listed in the United States, suffered a diarrhea before the market, and it is now reported at $ 4.02, with a big diarrhea of ​​84.66%.

It is reported that Ruixing Coffee has submitted documents to the regulator, stating that problems were found in the audit of the annual report as of December 31, 2019, including a false increase of RMB 2.2 billion in transaction value during the second to fourth quarter of the year, and related costs. And expenditures have increased accordingly. The company's board of directors has established a special investigation committee.

[20:42] Dow futures narrows to 130 points

After the publication of new unemployment benefit data, the Dow futures have narrowed significantly, with the latest report at 20870 points, up 130 points or 0.6%, the S & P futures report at 2464 points, up 17 points or 0.7%, and the Nasdaq futures rose 44 points Or 0.6%, the latest reported 7482 points.

[20:36] The United States last week applied for more than 6.6 million new unemployment benefits

The outbreak of new crown pneumonia in the United States has brought the economy to a standstill and the number of unemployed surged. The local Ministry of Labor announced that for the week ended 28th August, the number of newly applied for unemployment benefits reached 6.648 million, a new record high, which has more than doubled from the previous week's 3.28 million.

[20:16] It is said that China increased its oil reserve by 10%

It is rumored that the Chinese government increased its oil reserves and was stimulated by relevant news. Both New York oil and Brent oil rebounded by more than 10%. The latest oil price was 22.47 US dollars, and the latest Brent oil was 27.35 US dollars.

[20:06] Three major US index futures rise

The three major U.S. index futures all rose. The Dow futures rose 419 points or 2%, with the latest reported 21159 points, the S & P futures rose 48 points or 2%, the latest reported 2495 points, and the Nasdaq futures rose 126 points or 1.7%. point.

[20:03] Spanish stock market weakens 0.4%

European stock markets rebounded. The UK's FTSE index was last reported at 5488 points, up 34 points or 0.63%. The German DAX index was last reported at 9575 points, up 30 points or 0.3%. The French CAC index was last reported at 4241 points, up 34 points or 0.8%. Italy's MIB index last reported at 16,764 points, up 220 points or 1.3%, while Spain's IBEX index fell 25 points or 0.4%, and last reported at 6554 points.

[17:17] HSI open 28 points lower at night

After the closing of the Hong Kong stock market, the increase in US stock futures did not increase. The Hang Seng Index opened at 23241 at night, opened 28 points lower, and 39 points lower. The latest fell 53 points to 23216 points.

[15:03] European stocks generally up

The major European stock indexes opened broadly, with the European Stoxx 50 index rising 0.6%; Germany's DAX index rising 0.5%; UK's FTSE 100 index rising 0.7%; France's CAC index rising 0.7%; Italy's MIB FTSE index rising 1.4%.

Futures of the three major US stock indexes all rebounded. The Dow futures rose 1.7%; the Nasdaq futures rose 1.6%; the benchmark futures rose 1.7%.

European stock market