Source: CCTV Finance and Economics
On Friday, two days after being weighed down by the Fed's contraction signal, the three major US stock indexes closed slightly higher across the board, driven by investors' technical buybacks, with the technology-dominated Nasdaq rising the most. By the close, the Dow was up 0.65% at 35120.08, the s & p was up 0.81% at 4441.67, and the Nasdaq was up 1.19% at 14714.66.
There are signs of a slowdown in the US real economy. Investors snapped up technology stocks on Friday.
Overall, the epidemic continued to ferment, and the US real economy gradually showed signs of slowing growth, prompting investors to snap up technology stocks on Friday to hedge against the downside of weekly stocks. Facebook, the six leading technology stocks referred to by investors as FAAMNG for short.、 Apple Inc、 Amazon.Com Inc、 Microsoft Corp、 Netflix IncAnd Alphabet Inc-CL CThe parent alphabet (Alphabet) closed higher on Friday. Among them, Microsoft Corp announced that he would raise the subscription price of office software "Microsoft Corp 365" in March next year, and the share price rose significantly, returning to more than $300 a share at the close of trading on Friday, an increase of 2.56%. Chip stocks also generally rose on Friday. Market news shows that NVIDIA Corp data center business revenue has maintained growth for nine consecutive quarters. NVIDIA Corp's share price closed at $208.16, a new closing high, up 5.14%.
Energy and travel related stocks are at the bottom of the week.
Energy and travel-related stocks generally extended their previous declines on Friday and were at the bottom of this week's performance. The epidemic continues to spread, with the US consumer confidence index falling at the same time as retail sales data, making investors bearish on the prospects of the energy and leisure and entertainment consumer industries. Oil stocks are generally down nearly 10% this week.Boeing CoIt is down nearly 8% this week, and the major aviation departments in the United States have also fallen sharply this week due to travel restrictions. American Airlines is down 12% for the whole week, United Airlines is down more than 7% for the whole week, and cruise stocks are also down significantly throughout the week.
International oil prices fell significantly for seven consecutive days on the 20th.
International oil prices have been "falling" recently, coming out of a market of seven consecutive falls at the close of trading on Friday.The spread of the epidemic has triggered travel restrictions in many countries around the world, signs of a slowdown in US economic growth, and factors such as the end of the summer travel peak in the northern hemisphere continue to depress oil prices. As of Friday's close, light crude for September delivery on the New York Mercantile Exchange closed down 2.15% at $62.32 a barrel, while London Brent crude for October delivery closed at $65.18 a barrel, down 1.91%. Since the beginning of this week, the futures price of light crude oil in New York has fallen 8.9%, the biggest weekly decline since October 30, 2020.
International gold prices rose slightly on the 20th
International gold prices rose slightly on Friday, with December gold futures, the most actively traded on the New York Mercantile Exchange, closing at $1784 an ounce, up 0.05 per cent. The fall in the dollar index on Friday and increased risk aversion among investors were the main reasons for the rise in gold prices.