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Jul 15, 2020

U.S. stocks pick up in late trading, the Dow rose more than 550 points to achieve “three consecutive gains”

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At 16:00 U.S. Eastern Time (04:00 July 15th, Beijing time), the S&P 500 Index closed up 42.30 points, or 1.34%, to 3197.52 points; the Dow closed up 556.79 points, or 2.13%, At 26642.59 points; the Nasdaq closed up 97.74 points, or 0.94%, to 10488.58 points.

US energy stocks rose collectively, Exxon Mobil rose 3.33%, Chevron rose 3.45%, ConocoPhillips rose 4.16%, Schlumberger rose 5.75%, EOG Energy rose 5.21%.

Most large US technology stocks closed up, with Apple up 1.65%, Amazon down 0.64%, Netflix down 0.12%, Google up 0.57%, Facebook up 0.31%, and Microsoft up 0.62%.

Most of the popular Chinese stocks were lower, Alibaba fell 1.22%, Jingdong fell by 0.27%, Baidu fell 1.84%; Weimei Hologram fell 28.9%, Lychee fell 15.73%, Mushroom Street fell 13.71%, Fun Headline fell 8.2%, and more fell more. 1.08%; Leju rose 15.49%, Weilai Automobile rose 1.81%.

On July 13, local time, 17 US states and the District of Columbia (Capital Washington) sued the Trump administration against the new regulations for international student visas. The new regulations prohibit international students from living in the United States during online classes and require international students to accept face-to-face courses, otherwise, they will face “including but not limited to the consequences of expulsion.”

In terms of data, the US Department of Labor released data showing that the US consumer price index (CPI) rose 0.6% month-on-month in June, exceeding the market’s general forecast of 0.5%, reversing the previous three-month downward trend. After excluding energy and food prices, the US core CPI rose by 0.2% in June.

The US Department of Transportation announced on Tuesday that the 20 largest airlines in the United States had 7.9 million passengers in May, down from 74.8 million in May 2019, a decrease of 89% year-on-year.

In terms of news, on July 14, local time, Robert Redfield, director of the US Centers for Disease Control and Prevention, said that there is still a significant spread of the virus throughout the United States. Although the situation in the United States is much better than in spring, “we have not “Out of the dilemma”, “Although we have made great progress, we still have some way to go in controlling the new crown epidemic.”

U.S. Federal Judge Burroughs announced in court on the 14th when he heard related lawsuits filed by Harvard University and the Massachusetts Institute of Technology that the U.S. government agreed to revoke the new regulations for international student visas.

For European stocks: The three major European stock indexes were mixed on the 14th. The average price index of 100 stocks in the Financial Times of the London stock market closed at 6179.75 points, up 3.56 points, or 0.06%. The Frankfurt Stock Exchange DAX index fell 102.61 points, or 0.80%, to close at 12,697.36 points. The Paris stock market CAC40 index closed at 5007.46 points, down 48.77 points, or 0.96%.

In terms of international oil prices: New York oil prices rose on the 14th. New York light crude oil futures delivered in August rose 19 cents to close at $40.29 per barrel.

Gold: The most active August gold futures price on the New York Mercantile Exchange gold futures market fell by US$0.7 on the 14th from the previous trading day, closing at US$1813.4 per ounce, a decrease of 0.04%. (Sino-Singapore Jingwei app)

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