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■ NY Stocks: NY Dow Down $ 807, High Tech Sells Wide Due to Overheating Sensation
The US stock market has fallen dramatically. The Dow average closed at $ 807.77 to $ 28,292.73 and the Nasdaq closed at 458.34 points at 11,458.10 points. The United States government was impressed by the fact that the U.S. government had notified the governments of each state and region to prepare for vaccination with the novel coronavirus before November 1, and they made a small movement. However, he did not like that the ISM non-manufacturing company index fell below expectations in August, and wide-range selling spilled over into high-tech stocks, which had been the driving force in the market until now, and the fall was extended to the end. By sectors, technology, hardware and equipment experienced a sharp decline.
Carnival (CCL), a cruise operator, announced that it will resume its operations in Italy this weekend, and expectations of commercialization of the vaccine have risen. Norwegian (NCLH) and Royal Caribbean (RCL), which belong to the same industry, also increased. In addition, clothing retailer PVH (PVH) increased due to the fact that its online sales increased and it posted windfall gains in second quarter results. On the other hand, video conferencing services such as Zoom Video (ZM), Apple mobile device (AAPL) and online retailer Amazon (AMZN), which have benefited from self-monitoring, have experienced a sense of overheating and a rapid pace. increase. Due to the alert state, prices fell sharply across the board.
Pelosi Democratic Party Chairman and US Treasury Secretary Munushin reportedly agreed to avoid shutting down government agencies.
Horiko Capital Management LLC
■ New York exchange rate: the ISM non-manufacturing business index for August deteriorated
On Day 3 on the New York Forex market, the dollar / yen rose to 106.55 yen, then fell to 106.00 yen and closed at 106.17 yen. The purchase of US dollars strengthened as the number of new applications for unemployment insurance fell last week more than expected, but the ISM non-manufacturing business confidence index fell below expectations in August and the trade deficit it expanded more than expected in August.7-Dollar sales became dominant due to fears of slowing growth in the September quarter and the suggestion of further relaxation by the Fed chair in Chicago in September.
The euro / dollar rose from $ 1.1807 to $ 1.1865 and closed at $ 1.1855. Euro selling material came from members of the European Central Bank (ECB), suggesting the need for further relaxation. The euro / yen rose to 126.02 yen and then fell to 125.31 yen. The pound / dollar rose to $ 1.3297 and then fell to $ 1.3243. The pound was slow as Britain’s Lieutenant Governor Ramsden predicted that the impact of the pandemic on the UK economy was more severe than expected. The Swiss dollar fell from 0.9128 francs to 0.9083 francs.
■ Crude NY: $ 41.37 in a slight decline, forecast slowdown in demand and depreciation of nasty stocks
NY crude futures contracts contracted slightly in October (closing price of October NYMEX crude contract: 41.37 ↓ 0.14). The October WTI futures contract on the New York Stock Exchange (NYMEX) closed at $ 41.37 a barrel, $ 0.14 less than the previous business day. The trading range that includes overtime transactions is $ 40.22 to $ 41.79. It bought up to $ 41.79 in the Asian market on Day 3, but fell to $ 40.22 towards the beginning of the New York market. Planned maintenance by oil refineries and a sharp fall in US stocks have pushed crude futures higher.
■ Closing prices of the main US companies
Mark ⇒ closing price ⇒ yesterday (rate of decrease)
Bank of America (BAC) $ 25.66 – $ 0.18 (-0.70%)
Morgan Stanley (MS) $ 52.75 – $ 0.50 (-0.94%)
Goldman Sachs (GS) $ 207.56 – $ 2.48 (-1.18%)
Intel (INTC) $ 50.39 – $ 1.86 (-3.56%)
Apple (AAPL) $ 120.88 $ -10.52 (-8.01%)
Alphabet (GOOG) $ 1641.84 – $ 86.44 (-5.00%)
Facebook (FB) $ 291.12 $ -11.38 (-3.76%)
Caterpillar (CAT) $ 146.76 – $ 2.51 (-1.68%)
Alcoa (AA) $ 14.23 – $ 0.44 (-3.00%)
Wal-Mart (WMT) $ 144.54 – $ 3.14 (-2.13%)
“ST”
By: FISCO
