武汉怎么找出来卖的学生：Summary： US stocks hit their biggest weekly decline since mid-March
Summary: US stocks hit their biggest weekly decline since mid-March
New York, October 31. Summary: U.S. stocks have their biggest weekly decline since mid-March
Reporter Liu Yanan
As the new round of fiscal stimulus measures are not expected to be introduced before the U.S. election,In addition, the rebound of the epidemic in Europe has led to tightening of the control of multiple national defense epidemics.This week, the three major stock indexes in the New York stock market have their biggest weekly decline since mid-March this year.
Data Display,The Dow Jones Industrial Average, the Standard & Poor’s 500 stock index, and the Nasdaq Composite Index each fell 6 this week.47%, 5.64% and 5.51%.but,Compared with the closing price on March 20 this year,The three major stock indexes still maintained large gains.
As the U.S. Congress enters a recession,A new round of fiscal stimulus negotiations came to a standstill.at the same time,The new crown epidemic in Europe and America continues to worsen,European countries such as Germany and France have begun to increase control measures,The prospects for economic recovery are impaired,The number of new infections in a single day in the United States reached a new high.influenced by,Market sentiment has been severely suppressed.
The latest statistics released by Johns Hopkins University on the 30th show thatThe cumulative number of confirmed cases in the United States exceeds 9 million.According to data released on the website of the US Centers for Disease Control and Prevention on the 30th,There were 90,155 new confirmed cases in the United States on the 29th,The newest increase in a single day has been the highest since the outbreak.
MRB Partnership, a macroeconomic research institution, stated on the 30th thatPreviously,Expectations of large-scale fiscal stimulus measures, positive medical progress and a gradual recovery in economic activity have boosted the stock market.but,As the epidemic in Europe and other regions rebounded and prevention and control measures were upgraded,Investors in the New York stock market are worried that the negative impact of the epidemic on the world economy will worsen again.This market sentiment triggered a sharp decline in the stock index.
This week, the third quarter financial reporting season of US listed companies ushered in a peak.Although more than 80% of companies’ performance exceeded expectations,But the market’s reaction to this was flat,Many companies’ share prices have fallen significantly after their results have been announced.Take the heavyweight technology stocks leading the stock market this summer as an example.The 30th was the first trading day after Apple, Amazon, and Facebook announced their third-quarter results.The stock prices of the three companies fell 5.6%, 5.45% and 6.31%.
Mark Hefer, Global Chief Investment Officer of UBS Wealth Management, believes thatAlthough the four U.S. technology giants Facebook, Amazon, Apple, and Alphabet announced strong third-quarter results,But the market is more focused on the relatively cautious earnings outlook of these companies.Most of these companies mentioned the risk of the epidemic and the uncertainty of the business environment.The market is generally disappointed.
MRB Partnership said,The announcement of the results of the US general election next week may reduce uncertainty to a certain extent.However, the short-term risk of the stock market is still high.Restrictive measures implemented in Europe and other places have worsened the recent economic prospects of the euro zone.The stock market is likely to consolidate or pull back,Unless there is a rapid breakthrough in the medical response to the epidemic.
Affected by factors such as the outbreak of the epidemic and the continuous escalation of prevention and control measures that severely impact economic activities,In March this year, the New York stock market had four consecutive circuit breakers in 10 days.then,The Dow Jones Industrial Average, the Standard & Poor’s 500 stock index, and the Nasdaq Composite Index each fell by 17 in the week ending March 20.3%, 14.98% and 12.64%,Both hit the biggest weekly decline since the 2008 financial crisis.