Original title: us stocks recorded the biggest monthly decline in a year and a half! Yellen issued a warning to the U.S. Congress.

Source: CCTV Finance and Economics

On Thursday, local time, the three major U.S. stock indexes fell across the board at the close of September, weighed down by a continuing standoff in the federal debt ceiling, higher-than-expected unemployment data and supply bottlenecks. Retail, industrial and energy stocks, which are sensitive to economic recovery, led the decline, dragging the Dow down more than 500 points for the second time this week. By the close, both the Dow and the s & p 500 were down more than 1%.

The United States Congress passed a temporary appropriation bill to temporarily avoid a government shutdown.

On Thursday, the last day of the fiscal year, both houses of Congress voted to pass a provisional appropriation bill to ensure that the federal government has enough money to continue to operate until December 3, temporarily avoiding a shutdown due to running out of funds. However, Finance Minister Yellen continued to warn Congress that the consequences of not resolving the debt ceiling would be catastrophic when she attended the House hearing on the same day.

In terms of economic data, the number of people applying for unemployment benefits for the first time in the United States last week was 362000, which was worse than the market expected, indicating that the recovery of the US job market is still unstable.

The S & P 500 and Nasdaq posted their biggest monthly losses in a year and a half in September.

What investors in US stocks call the "September curse" has come true again. Although energy and cyclical stocks performed relatively well in September, growth stocks, especially technology stocks, continued to sell off in the past two weeks as Fed contraction expectations warmed up and Treasury yields fluctuated sharply. For the whole of September, the Dow fell 4.29%, while the S & P 500 and the Nasdaq both posted their biggest monthly declines since March last year, down 4.76% and 5.31%, respectively.

German inflation intensifies and three major European stock markets fall

In Europe, German September inflation data released on Thursday put pressure on the market. Data show that Germany's reconciled consumer price index rose 4.1% in September from a year earlier, remaining at its highest level in nearly three decades. The market is worried that the rise in raw material prices will be passed downstream, eroding the profit space of enterprises. By the end of the day, stock markets in the UK, France and Germany had fallen collectively.

International oil prices fall

International oil prices fell slightly on Thursday. Analysts pointed out that crude oil inventories in the United States increased unexpectedly last week, indicating that crude oil production capacity in the Gulf of Mexico has basically returned to the level before the hurricane hit last month.

International gold prices have risen significantly

The dollar index fell sharply after the negative unemployment data was released on Thursday, while increased risk aversion among stock market investors contributed to a significant rise in international gold prices. As of the close, gold futures on the New York Mercantile Exchange closed at $1757 an ounce, up 1.98 per cent.