This week, the US stock technology stock earnings report season began. On Monday (20), the avalanche of US WTI crude oil contract prices increased, Wall Street risk aversion increased, US debt yields. USA

During the intraday period of EE shares. In the US, the WTI price plummeted and the first negative value hit an all-time low: the decline in all four major indices expanded, all energy stocks fell, and the final Dow Jones fell nearly 600 points.

The global epidemic of new coronary pneumonia (COVID-19) continued to spread and 212 countries worldwide fell. Before the deadline, the number of confirmed diagnoses in the world had skyrocketed to 2.4 million and the number of deaths exceeded 168,000.

The United States has become the world’s largest epicenter, with more than 766,000 diagnoses to date and more than 40,000 deaths, almost double the second highest in Italy. The World Health Organization (WHO) said partisan politics and global failure to unite are exacerbating the epidemic.

Monday (20) US Stock Index Performance:

• The Dow Jones Index of US stocks fell 592.05 points, or 2.44%, to close at 23,650.44 points.
• The S&P 500 index fell 51.40 points, or 1.79%, to close at 2,823.16 points.
• The Nasdaq fell 89.41 points, or 1.03%, to close at 8,560.73 points.
• The Philadelphia semiconductor index fell 38.07 points, or 2.23%, to close at 1,667.57 points.

The top five tech giants were only closed on Amazon. Amazon (AMZN-US) rose 0.78%; Apple (AAPL-US) fell 2.08%; Facebook (FB-US) fell 0.56%; Alphabet (GOOGL-US) fell 1.40%; Microsoft (MSFT-US) fell 1.98%.

Energy stocks led the broader market lower, and Dow Jones’ 30 constituent stocks closed, but IBM and Cisco rose against the trend.

Boeing (BA-US) fell 6.75%; Dow Chemical (DOW-US) fell 5.66%; Exxon Mobil (XOM-US) fell 4.72%; Chevron (CVX-US) fell 4.13%; Disney (DIS -US) fell 4.10%; Walgreens United Bose (WBA-US) fell 3.71%; American Express (AXP-US) fell 3.87%; JPMorgan Chase (JPM-US) fell 3.65%.

The half rate index ended with the price increase for two consecutive business days. AMD (AMD-US) rose 0.65%; Micron (MU-US) fell 5.03%; Intel (INTC-US) fell 1.95%; Nvidia (NVDA-US) fell 1.80%; Qualcomm (QCOM-US) fell 2.44%; Applied materials (AMAT-US) fell 4.83%.

Taiwan ADR shares fell further. TSMC ADR (TSM-US) fell 2.05%; ASE ADR (ASX-US) fell 2.30%; UMC ADR (UMC-US) fell 1.64%; Chunghwa Telecom ADR (CHT-US) increased 0.31%.

Focus actions and financial news

DuPont (DD-US) rose 3.55% to $ 39.72 per share. The company estimates that first-quarter earnings per share will be in the range of $ 0.82 to $ 0.84, and first-quarter earnings will be $ 5.2 billion, both higher than Wall Street expectations.

Netflix announced its latest earnings report on Tuesday. Credit Suisse joined the bullish list, predicting that the number of Netflix subscribers will explode, and Netflix (NFLX-US) rose 3.44% to $ 437.49 per share.

The new crown epidemic continued to flare, oil prices collapsed, and aviation stocks fell. The industry is not expected to recover quickly. American Airlines (AAL-US) fell 4.41%; Delta Air Lines (DAL-US) fell 2.60%.

Disney (DIS-US) fell 4.10%. “Financial Times” reported that Disney will discontinue the wages of more than 100,000 employees in the theme park and hotel business departments, and save up to $ 500 million per month. UBS downgraded Disney’s rating and predicted that the company’s theme park revenue will be due to the new crown. The epidemic has subsided.

Economic data

• United States March Chicago Fed National Activity Index -4.19, estimated -0.62, previous value 0.16

Wall Street Analysis

The new crown epidemic has made billions of people worldwide simple, and the real demand for crude oil has dried up. Under the unfavorable drag of the New Crown Crisis and the OPEC + production cut-off agreement, demand for crude oil is estimated to drop to the lowest level in 30 years.

Kevin Flanagan, director of fixed income strategy at WisdomTree Asset Management, said: “The energy market tells you that demand for crude oil will not recover soon and that supply will be in excess.”

Kevin Flanagan said: “If oil prices fall, encouraging people to buy more oil can boost the economy, but this requires people to go out and do it.”

Daniel Yergin, an oil historian and vice president of IHS Markit Co., Ltd., said: “The price of the New York May crude contract (turned negative) was not a moan (from the oil market), but a raw scream. “

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