Every edit:Bu Jing
Image source:Vision China
U.S. stocks closed mixed on Thursday. During the session, the Dow rose to 31272.22 points.S&P 500 Index rose to 3861.45 points, and the Nasdaq rose to 13,544.47 points, both hitting intraday record highs. However, the S&P 500 Index and the Dow once turned down in the morning and midday. After the midday, the gains expanded and the Dow dived. Biden issued 17 administrative orders on his first day in office. The number of people applying for unemployment benefits for the first time in the United States last week was 900,000.
At 05:30 on January 22nd, Beijing time, Dow Jones closed down 12.37 points, or 0.04%, to 31176.01 points; Nasdaq closed up 73.66 points, or 0.55%, to 13530.91 points; S&P 500 closed up 1.22 points, or 0.03%, to 3,853.07 points; FTSE China A50 Index futures fell 8.0 points, or 0.04%, to 1,8635.0 points; NYMEX crude oil closed down 0.29 points, or 0.54%, to 53.02 points; the U.S. dollar index closed down 0.35 points , A decrease of 0.39%, to 90.11 points; London gold (spot gold) closed down 2.79 points, a decrease of 0.15%, to 1869.12 points.
The well-known Chinese concept stocks in Qu Toutiao, Good Future, Qudian, NetEase, Sina ranks among the top gainers, closing up 61.34%, 15.19%, 3.77%, 2.73%, and 2.61%. Baidu, Bilibili, Alibaba, BeiGene, and iQiyi were among the top decliners, closing down 3.45%, respectively. 3.07%, 2.12%, 1.6%, 1.32%.
On the first day of his tenure, Biden issued 17 administrative orders calling for unity
On January 20, US Eastern Time, the Democrat Biden was formally sworn in The 46th President of the United States. Within a few hours of taking office, he immediately overthrew the many”political heritage” of the previous president Trump and called for the unity of the American people.
After taking the oath of office, Biden finalized 17 administrative orders in the Oval Office of the White House. Among them, the most eye-catching is undoubtedly the return of the United States to the”Paris Climate Agreement” and the World Health Organization (WHO). He also signed a number of other administrative orders, including the enforcement of masks, halting the construction of border walls and lifting travel bans on certain Islamic countries. But some orders are more symbolic than substantive, and legislation is still needed for lasting changes.
Biden used the word”united” or”united” 11 times in his inauguration speech. He called on Americans to put aside their differences and unite to deal with the epidemic, economic crisis and racism. He said,”This is a historic moment when we are facing crises and challenges. Unity is the way forward.”
The number of people who applied for unemployment benefits for the first time in the United States last week was 900,000.
On January 21, local time, the U.S. Department of Labor released data showing that in the week ending January 16, the number of people applying for unemployment benefits for the first time in the United States was 900,000, which was 92.6 from the previous week’s revised data. Million fell by 26,000.
In the past four weeks, the average number of new applications for unemployment benefits in a single week in the United States was 848,000, an increase of 23,500 from the average of the previous four weeks.
The vaccination rate in the U.S. states is still low, currently only about 30%. It is expected that Biden’s new administration’s $1.9 trillion stimulus plan will be released today (21st). However, some experts said that as the epidemic that lasted for a year could not be controlled in a short time, the rate of corporate bankruptcy in the United States gradually increased, employment growth generally slowed down, and the transition from temporary unemployment to permanent unemployment is increasing.
(Comprehensive from the daily economic news:CCTV news, public news)
Daily economic news