On Thursday, the three major US stock indexes fell across the board Although the economic data released on that day and the overall performance of the company's performance was good, the New York stock market continued its downward trend on the previous day on the 20th. As of the close, the three major stock indexes fell across the board.
In the morning, data released by the US Department of Labor showed that the number of people applying for unemployment benefits last week dropped sharply by 37,000, and the total number dropped to 40.4 million, a drop far exceeding market expectations.
After that, the American Association of Realtors announced that in December the United States sold 5.28 million units of old homes, which exceeded analysts' expectations. However, the sales of old homes in the United States last year were still the worst year in 13 years, indicating that the recovery of the US real estate market will still take some time.
In addition, according to the report of the American Large Enterprise Research Association, the economic indicators for the first month of December, which measures the economic situation in the United States from the next three months to six months, rose by 1% month-on-month, better than market expectations.
In terms of corporate performance, Morgan Stanley, the second largest investment bank in the United States, reported earnings on that day that the company's profit rose by 60% year-on-year in the fourth quarter of last year, driven by a surge in asset management business.
In spite of this, the performance of the New York stock market was sluggish, and the tech-dominated Nasdaq index led the way in the three major stock indexes for the second consecutive day. Some analysts pointed out that after the continuous rise in the previous stock market, the stock market correction is basically expected by investors.
At the close of New York stock market, the average price index of the 30 Dow Industrials fell by 2.49 points from the previous trading day to close at 11,822.80 points, a decrease of 0.02%. The Standard & Poor's 500 stock index fell 1.66 points to close at 1280.26 points, a decrease of 0.13%. The Nasdaq Composite Index fell 21.07 points to close at 2704.29 points, a decrease of 0.77%.
The international oil price fell sharply on the 20th. Affected by the sharp increase in crude oil inventories in the United States last week, the international oil prices in New York and London markets plunged on the 20th, with a drop of around 2%.
The same day, the US Energy Information Administration released a report showing that in the week ending January 14 US crude oil inventories increased by 2.6 million barrels, which was far higher than the 600,000 barrels expected to be reduced before the market, down from the previous week by 2.2 million barrels. The report said that the major reason for the unexpected increase in crude oil inventories was that imports increased to the highest level in six weeks. In addition, gasoline and distillate stocks also rose for the third consecutive week and the fourth week.
The unexpected increase in stocks offset the positive impact of the positive data from the US employment and real estate markets. Crude oil prices fell sharply.
At the close, the New York Mercantile Exchange's light crude oil for delivery in February fell by $2 to $88.86 per barrel. The price of Brent crude oil in the North Sea market in London fell 1.58 US dollars to settle at US$96.58 per barrel.
The sharp fall in New York's gold price on the 20th was weighed down by the strengthening of the US dollar and favorable US economic data. The gold futures price of the New York Mercantile Exchange fell sharply on the 20th. Among them, the most active February contract fell 23.7 US dollars to close at 1346.5 US dollars per ounce, a decrease of 1.7%.
The data released by the U.S. Department of Labor on the same day showed that the number of U.S. applicants for unemployment benefits fell by 37,000 last week to 40.4 million, a drop of more than 25,000 expected by the market.
In addition, the December US existing home sales data released in December and the leading economic indicators in December were better than market expectations, making investors more optimistic about the prospects for US economic recovery, thereby weakening the attractiveness of gold.
At the same time, the U.S. economy has shown positive signs to push the U.S. dollar out of a rally, making the U.S.-denominated gold price more expensive for foreign currency investors and exerting heavy pressure on the gold market.
The price of silver for delivery in March fell by 1.328 U.S. dollars per ounce to close at 27.473 U.S. dollars, a decrease of 4.6%. Platinum prices for April delivery fell 19.5 US dollars per ounce to close at 1818.6 US dollars, a decrease of 1.1%.
In the morning, data released by the US Department of Labor showed that the number of people applying for unemployment benefits last week dropped sharply by 37,000, and the total number dropped to 40.4 million, a drop far exceeding market expectations.
After that, the American Association of Realtors announced that in December the United States sold 5.28 million units of old homes, which exceeded analysts' expectations. However, the sales of old homes in the United States last year were still the worst year in 13 years, indicating that the recovery of the US real estate market will still take some time.
In addition, according to the report of the American Large Enterprise Research Association, the economic indicators for the first month of December, which measures the economic situation in the United States from the next three months to six months, rose by 1% month-on-month, better than market expectations.
In terms of corporate performance, Morgan Stanley, the second largest investment bank in the United States, reported earnings on that day that the company's profit rose by 60% year-on-year in the fourth quarter of last year, driven by a surge in asset management business.
In spite of this, the performance of the New York stock market was sluggish, and the tech-dominated Nasdaq index led the way in the three major stock indexes for the second consecutive day. Some analysts pointed out that after the continuous rise in the previous stock market, the stock market correction is basically expected by investors.
At the close of New York stock market, the average price index of the 30 Dow Industrials fell by 2.49 points from the previous trading day to close at 11,822.80 points, a decrease of 0.02%. The Standard & Poor's 500 stock index fell 1.66 points to close at 1280.26 points, a decrease of 0.13%. The Nasdaq Composite Index fell 21.07 points to close at 2704.29 points, a decrease of 0.77%.
The international oil price fell sharply on the 20th. Affected by the sharp increase in crude oil inventories in the United States last week, the international oil prices in New York and London markets plunged on the 20th, with a drop of around 2%.
The same day, the US Energy Information Administration released a report showing that in the week ending January 14 US crude oil inventories increased by 2.6 million barrels, which was far higher than the 600,000 barrels expected to be reduced before the market, down from the previous week by 2.2 million barrels. The report said that the major reason for the unexpected increase in crude oil inventories was that imports increased to the highest level in six weeks. In addition, gasoline and distillate stocks also rose for the third consecutive week and the fourth week.
The unexpected increase in stocks offset the positive impact of the positive data from the US employment and real estate markets. Crude oil prices fell sharply.
At the close, the New York Mercantile Exchange's light crude oil for delivery in February fell by $2 to $88.86 per barrel. The price of Brent crude oil in the North Sea market in London fell 1.58 US dollars to settle at US$96.58 per barrel.
The sharp fall in New York's gold price on the 20th was weighed down by the strengthening of the US dollar and favorable US economic data. The gold futures price of the New York Mercantile Exchange fell sharply on the 20th. Among them, the most active February contract fell 23.7 US dollars to close at 1346.5 US dollars per ounce, a decrease of 1.7%.
The data released by the U.S. Department of Labor on the same day showed that the number of U.S. applicants for unemployment benefits fell by 37,000 last week to 40.4 million, a drop of more than 25,000 expected by the market.
In addition, the December US existing home sales data released in December and the leading economic indicators in December were better than market expectations, making investors more optimistic about the prospects for US economic recovery, thereby weakening the attractiveness of gold.
At the same time, the U.S. economy has shown positive signs to push the U.S. dollar out of a rally, making the U.S.-denominated gold price more expensive for foreign currency investors and exerting heavy pressure on the gold market.
The price of silver for delivery in March fell by 1.328 U.S. dollars per ounce to close at 27.473 U.S. dollars, a decrease of 4.6%. Platinum prices for April delivery fell 19.5 US dollars per ounce to close at 1818.6 US dollars, a decrease of 1.1%.
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