US stocks rose in early trading, but after Kudlow’s tough speech, the market turned lower. Technology stocks led the decline, the Dow closed down 0.67%, and the S&P closed down 0.86%. China stocks fell collectively, and Alibaba closed down 3.34%. iQiyi and the company have fallen more than 12% and are caught in a technical bear market. EIA crude oil stocks plummeted nearly 9.9 million barrels, and US oil rose 3.2%, a three-year high. The dollar has risen. Overnight market news According to several media reports, the Trump administration plans to rely on the US Foreign Investment Commission (CFIUS) to protect its technology and show a easing attitude toward restricted investment plans. U.S. Treasury Secretary Muchinin also said that by strengthening the CFIUS system to strengthen investment control, CFIUS has the ability to respond appropriately to different threats to different technologies from different entities in different countries. CFIUS is a less confrontational approach, and the measures taken by the Bitrup government will be more moderate. According to the latest data from the US Department of Commerce, the US durable goods orders in May were -0.6%, expected -1%, and the previous value -1.6% was revised to -1%. This is the US durable goods order has fallen for two consecutive months since June 2016. On Wednesday, Boston Fed President Eric Rosengren said that US state and local governments should now begin preparing for the next economic crisis. Rosengren called on the Fed to raise the capital buffer requirements for large banks' countercyclical cycles and use more flexible inflation targets. stock market The Nasdaq closed more than 100 points, and banks and technology stocks were significantly weaker. The S&P 500 closed down 23.43 points, or 0.86%, to 2,996.63 points. The Dow Jones Industrial Average closed down 165.02 points, or 0.68%, to 24,117.59 points. The Nasdaq Composite Index closed down 116.54 points, or 1.54%, to 7445.08 points. Phil Blancato, CEO of Ladenburg Thalmann Asset Management, said: "A closer look at the day-to-day fluctuations in US stocks reveals that the unknown factors about trade relations have become the force that dominates the market. This seems to be a targeted approach taken by the Trump administration. This method is very smart, not a rough method." US technology stocks generally closed down. Dropbox closed down 4.73%, Micron fell 4.27%, Twitter closed down 2.54%, Netflix closed down 2.25%, Spotify closed down 2.18%, Oracle closed down 2.16%, Intel closed down 1.83%, Amazon closed down 1.81% Broadcom closed down 1.76%, Facebook closed down 1.59%, Microsoft closed down 1.55%, Google's parent company Alphabet closed down 1.38%, IBM closed down 1.15%, Apple closed down 0.15%, and Tesla closed up 0.73%. Among chip stocks, AMD closed down 3.42%. iQiyi and the company have fallen more than 12% and are caught in a technical bear market. China stocks iQiyi closed down 13.35%, 哔哩哔哩 (B station) closed down 12.30%, and Tigers closed down 8.99%. In other stocks, Alibaba closed down 3.34%, closing down 5.63%, Weibo closed down 5.56%, Momo closed down 5.47%, Sina closed down 4.39%, Baidu closed down 3.10%, Jingdong closed down 2.74 %, NetEase closed down 2.45%. The FTSE Pan-European Excellence 300 Index closed up 0.81% to 1486.48 points. The European STOXX 600 index closed up 0.72% at 379.97 points. The German DAX 30 index closed up 0.93% at 12,348.61 points. The French CAC 40 index closed up 0.87% to 5327.20 points. commodity WTI August crude oil futures closed up 2.23 US dollars, or 3.16%, to 72.76 US dollars / barrel, the highest since November 26, 2014. Brent August crude oil futures closed up 1.31 US dollars, or 1.72%, to 77.62 US dollars / barrel, a record high since May. In the US on June 22, EIA crude oil inventories fell sharply by 9.981 million barrels, the largest weekly decline since September 2016. The inventory in Cushing area decreased by nearly 3 million barrels. It fell for six consecutive weeks, and the increase in refined oil inventories was less than expected. COMEX August gold futures closed down 3.80 US dollars, down 0.3%, to 1256.10 US dollars / ounce, hit a new low since December 13, 2017, has fallen 1.4% this week, has fallen 3.7% since June. Foreign exchange Offshore Renminbi (CNH) against the US dollar at 04:59 Beijing time reported 6.6180 yuan, down 358 points in late New York on Tuesday, the intraday trading in the overall range of 6.5766-6.6234 yuan. The dollar rose 79 points against the Canadian dollar, an increase of about 0.6%, hitting a high of 1.3386, approaching the mid-high of 1.3470 on June 12, 2017. The US dollar index rose 0.8% to 95.39. The euro fell 0.8% to 1.1553. The dollar rose 0.2% against the yen to 110.27. The pound fell 0.9% to 1.3114. Bond market The 10-year US Treasury yield fell by 5 basis points to 2.83%. The yield on US Treasury bonds fell by 4 basis points to 2.51%. On Wednesday (June 27), the European market's 10-year benchmark government bond yield fell 1.9 basis points to 0.321%. The 10-year British bond yield fell 5.8 basis points to 1.245%; the 10-year legal bond yield fell 2.4 basis points to 0.714%; the 10-year Italian bond yield fell 7.9 basis points to 2.908%; 10 years The yield on the West China Bond fell 3.9 basis points to 1.355%; the yield on the 10-year Greek bond fell 6.6 basis points to 4.048%. Stainless Steel Door,Steel Door And Frame,American Steel Door,Commercial Steel Door Lemon Building Material Co., Ltd. , https://www.lbmaluminumpergolas.com
US stocks opened higher and the Nasdaq closed down 1.54%.
Abstract US stocks rose in early trading, but after Kudlow’s tough speech, the market turned lower. Technology stocks led the decline, the Dow closed down 0.67%, and the S&P closed down 0.86%. China stocks fell collectively, and Alibaba closed down 3.34%. Iqiyi and smashed more than 12%, deep in...