[US stocks] The Dow once plunged more than 900 points and closed down 1.84%, Apple rose 3.03% after it intervened

world economy

Written by: Li Fuyuan

2020-09-22 05:34

Last update date: 2020-09-22 06:32

U.S. stocks fell on Monday, and bank stocks continued to be under pressure. The Dow Jones Industrial Average fell more than 900 points in the middle of the period. At the end, the decline in technology stocks stabilized and narrowed the decline, closing at 27147.7 points, down 509.72 or 1.84%, in February. For the first time since it recorded a 4 consecutive trading day decline; the Nasdaq index closed at 1,0778.8 points, down 14.48 points or 0.13%; the Standard & Poor's 500 index fell 38.41 points or 1.16% to close at 3281.06 points.

The market is worried that the worsening of the new coronavirus (COVID-19) epidemic may lead to the resumption of blockade measures in many European countries, the US Democratic and Republican parties have reached a deadlock in the new round of congressional rescue plan negotiations, and the US Treasury Department’s Financial Crime Enforcement Network (FinCEN) A series of confidential documents have been made public, exploding that a number of major international companies are suspected of money laundering, which has severely affected investor confidence.

Tesla's stock price fell more than 7%, and then rebounded, closing at 449.39 US dollars per share, up 7.24 US dollars or 1.64%; Apple also turned from decline to rise, with a 3.5% drop in the early period, closing at 110.08 US dollars per share, up 3.24 US dollars Or 3.03%, the Dow component stocks with the strongest performance; Microsoft also rose 1.07%.

Bank stocks fell across the board, Deutsche Bank fell 8.2%, Motox fell 3%, and American Express fell 5%, making it the weakest Dow component stock.

John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said: "Due to the recent overvaluation, economic and coronavirus risks, U.S. stocks have fallen from their recent highs so far, but the decline has exceeded our expected 4% to 6% range." He believes that the fall in U.S. stocks last Friday was not surprising. "That's because September is usually a difficult period for the stock market. From March 23 to September 2, the benchmark index has risen by 60%, and the market is It's a bit too much when it goes up and down."

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