New York stock market fell on the 6th
As investors worried that the European financial situation may affect US financial institutions and the global economic recovery, the New York stock market fell on the 6th, financial stocks, energy stocks and technology stocks led the decline. Affected by the financial situation in Europe, the New York stock market opened a large number of selling on the 6th, the three major stock indexes fell more than 2%. Among them, the banking sector led the decline, Citigroup fell once 6%, and Bank of America fell more than 5%. In terms of economic data, data released by the American Institute of Supply Management showed that the US service industry index rose to 53.3 in August from 52.7 in July, indicating that the service industry has improved. Affected by favorable economic data, investors worried about the slowdown in the afternoon, the decline of the three major stock indexes narrowed, and the financial sector's downward trend also eased. At the close, Citigroup fell 2.46%, and Bank of America fell 3.59%. The VIX index, which measures stock market volatility and panic, soared 9.08% to 37, indicating that investors are more panicked. By the close of the New York stock market, the Dow Jones 30 industrial stock average price index fell 100.96 points from the previous trading day to 11139.30 points, a decrease of 0.90%. The Standard & Poor's 500-stock index fell 8.73 points to 1165.24 points, a drop of 0.74%. The Nasdaq Composite Index fell 6.50 points to 2,437.83 points, a decrease of 0.26%. New York oil price fell on the 6th due to the impact of the European debt crisis and the global economic recession. New York oil prices fell on the 6th, but London oil prices ended the three consecutive trading days of decline, turned into a rise. European stock market affected by the European debt crisis 5 Bank and stocks fell sharply on the 6th and the bank stocks were hit hard. As a result, the New York stock market fell on the 6th, and New York oil prices also fell. In addition, the global economic situation is not optimistic, the US economy growth rate of only 0.7% in the first half of the year, the latest The number of new jobs announced in August is zero, and the risk of economic recession has increased sharply. In Europe, economists expect that the economic growth of the top six economies in the euro zone will be extremely weak in the third quarter, and the risk of recession will increase. The economy is also facing high inflation and slowing economic growth. The outlook for crude oil demand in the world is not optimistic. On the same day, due to the sharp fall of the euro, the US dollar index rose by about 1%, which also put pressure on oil prices. However, London Buren The price of special crude oil futures ended the three-day losing streak and turned higher. The reason is that the production of Libyan crude oil, an important source of Brent crude oil, still faces many variables, and the relationship between supply and demand is tightening. At the close of the day, light crude oil futures for October delivery on the New York Mercantile Exchange fell 43 cents to close at $86.02 a barrel, down 0.50%. London North Sea Brent crude oil futures prices rose in October 2.89 US dollars, closed at 112.89 US dollars per barrel, an increase of 2.55%. So far, the price difference between London Brent oil price and New York oil price reached 26.87 US dollars, a record high. New York gold price fell on the 6th, was suppressed by the US dollar, gold price After the 6th high, it fell back. On the same day, the most active December contract on the New York Mercantile Exchange gold futures closed at 1873.3 US dollars per ounce, down 3.6 US dollars from the previous transaction, a decrease of 0.2%. The intraday price once rushed to a high of 1923.7 US dollars per ounce. . Market analysts said that although the price of gold was once higher by the Swiss National Bank's support for the Swiss franc against the euro's exchange rate ceiling, the sharpening of the dollar weakened the investment value of gold, which caused a pressure on the price of gold. The US dollar index, which measures the US dollar against a basket of currencies, floated around 75.9 on the 6th, up nearly 1% from the previous trading day. Since international gold prices are denominated in US dollars, a rise in the dollar means that gold is more expensive for investors in other currencies and a negative for gold prices. In addition, the data released by the American Institute of Supply Management on the same day showed that its service industry index rose to 53.3 points in August from 52.7 points in July, after the market generally expected the index to decline, thus slowing down the service to the largest component of the US economy. Concerns that the industry is shrinking have suppressed the price of gold to some extent. However, most analysts are still optimistic about the long-term trend of gold, because the various advantages of supporting gold bulls have not changed, such as market investors' concerns about the European debt problem and the US economic downturn and expectations for a new round of quantitative easing. Silver futures for December delivery fell $1.2 to close at $41.868 an ounce, a drop of 2.8%. Platinum futures for October delivery closed at $1858.2 per ounce, down $26.6 from the previous trading day, a decrease of 1.4%. 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