On Tuesday, local time, the three major U.S. stock market indexes opened lower and moved lower. Technology stocks continued to lead the market. , But the decline narrowed in late trading. As of the close on the 4th, the Dow rose slightly by 0.06%, the S&P index fell by 0.67%, and the Nasdaq fell by 1.88%. It fell for three consecutive trading days, setting the worst one-day performance since March.

U.S. Treasury Secretary Yellen’s comments led to market volatility and technology stocks were sold off

Opening two Around the hour, U.S. Treasury Secretary Yellen said that it may be necessary to”raise interest rates at a certain point in time to curb the overheating of the U.S. economy.” This statement once caused the decline of U.S. stocks to expand again. The VIX index, which measures market panic, immediately rose, and the increase was once close 20%. However, after the market closed, Yellen reiterated that he had no predictions or suggestions for raising interest rates.

Technology sector giants generally performed poorly and all closed down. Apple fell more than 4%, Amazon fell more than 2%, Facebook, Netflix and Google parent company Alphabet fell within 2%. Market analysis believes that technology stocks plummeted mainly because the market was worried about the Federal Reserve unexpectedly raising interest rates. Even if the earnings season is close to the end, US stocks may enter a period of weakness, but this does not indicate that investors should sell out.

Stephanie Lang, Chief Investment Officer of Homerichberg Wealth Management in the United States:US stocks are entering a period of seasonal weakness. This is something I will treat with caution, but the good news is that the macro level On the above, the U.S. economy is recovering strongly. Even if the upward momentum of U.S. stocks suspends or the U.S. stocks decline, I think this will be the time to buy.

Technology stocks led the declineEurope The three major stock indexes closed down across the board on the 4th p>

In the European market, technology stocks also led the decline on the 4th. The three major European stock indexes fell across the board that day. As of the close, the London stock market closed at 6923.17 points, a decrease of 0.67%. The Paris, France stock market closed at 6923.17 points. At 6251.75 points, a decrease of 0.89%; the Frankfurt stock market in Germany closed at 14,856.48 points, a decrease of 2.49%.

International oil prices rose on the 4th.

In the crude oil market, the market continues to be optimistic about the prospects for the recovery of oil demand, and The latest data released by the American Petroleum Institute shows that as of the week of April 30, US crude oil inventories dropped by 7.688 million barrels, far exceeding market expectations. Closing on the 4th, June Delivery’s New York light crude oil futures prices closed at US$65.69 per barrel, an increase of 1.86%; London Brent crude oil futures for July delivery closed at 68.88 per barrel US dollars, an increase of 1.95%.

International gold prices fell on the 4th.

New YorkGold futures prices Fell on the 4th, gold futures for delivery in June closed at $1,776 per ounce, a decrease of 0.88%. Market analysts believe that the strengthening of the U.S. dollar was the main reason for the decline in the gold price that day.

Source:CCTV Finance