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收盘:标普一度坠入熊市惊险收平,道指创近百年来最长连跌周

Closing: S&P once fell into a bear market and closed in a thrilling closing, and the Dow recorded its longest continuous decline week in nearly 100 years

華爾街見聞 ·  May 21, 2022 07:10

The Dow, which was down more than 600 points at midday, closed slightly higher for eight weeks, while the S & P closed short of a bear market and fell for seven weeks to its longest decline in 21 years. Tesla, Inc. is down more than 6 per cent and 14 per cent in a week. Walmart Inc fell nearly 20 per cent throughout the week, his sector fell more than 8 per cent, led S & P;, Target Corp fell nearly 30 per cent in a week, and Ross department store fell more than 22 per cent, the biggest drop since 1986. Pinduoduo fell nearly 3% and the station B rose 1%. The pan-European stock index came out of an one-week trough but fell throughout the week, with the food sector down nearly 5 per cent in a week.

The 10-year Treasury yield fell close to a three-week low in intraday trading, falling more than 10 basis points throughout the week. The dollar still suffered its biggest weekly decline in a year and a half from its two-week trough, the rouble hit a seven-year high against the euro, and the offshore yuan rose thousands of points throughout the week. Crude oil rose twice in a row, rising for five weeks, the longest in three months. Lenny rose nearly 8% on Thursday and then fell back, still ending seven consecutive weeks of decline. Gold closed almost flat and remained at its highest level in more than a week, ending its longest losing week in nearly four years.

The people's Bank of China cut the reference LPR of mortgage rates for more than five years by 15 basis points, the biggest drop in history, and became another recent measure to stabilize growth. Retail sales in the UK unexpectedly rose in April, while consumer confidence in the euro zone rebounded at a higher-than-expected initial level in May. European stocks, which have fallen for days, rebounded across the board. On the other hand, the volatility of US stocks intensified on Friday, which coincided with the expiration date of the option, staging a roller coaster, opening high and going low first, and then pulling up in late afternoon trading after hitting bottom in midday.

The Dow, which had risen more than 260 points at the beginning of the day, fell more than 600 points in midday trading, while the S & P 500 and the Nasdaq both fell more than 2% at midday. The S & P fell more than 20% from its record high in January and fell into a technical bear market. Since then, thanks to late-day gains, the Dow and S & P erased their intraday declines, the S & P temporarily escaped the bear market range, and the Nasdaq narrowed most of its losses, still down nearly 30% from its November high. Tesla, Inc., which is no longer the largest position in wooden Sister's flagship fund as of Thursday, was down more than 10 per cent at midday, while its sector led the S & P decline by about 4 per cent. In late trading, some leading technology stocks, such as Meta and Apple Inc, rose, helping S & P rebound. Another roaring retail stock, Ross, tumbled more than 20%, the biggest drop since 1986.

U. S. stocks continued to fall this week, with the Dow falling for eight weeks for the first time in nearly a century, and the S & P fell for the first time in more than two decades. The lacklustre results of retailers led by Walmart Inc and Target Corp highlighted economic risks in a high inflation environment, adding to market concerns about the Fed's difficulty in achieving a soft landing, which was the main reason for the decline in US stocks throughout the week. European stocks that rebounded on Friday also fell throughout the week, led by the food sector of Nestl é, hit by US retail stocks, but European and American energy stocks, which benefited from continued gains in crude oil and a rebound in metals, rose against the market this week.

The fall in US stocks heightened risk aversion, the dollar index and Treasuries rebounded, the dollar index escaped the danger of refreshing the two-week low set on Thursday, and the benchmark 10-year Treasury yield fell 2.80% for the second day in a row. at one point, it was close to Thursday's three-week low, down about 10 basis points from intraday highs. The dollar still fell throughout the week, falling for the first time in the last seven weeks and the biggest drop in more than a year since the US presidential election. Treasury yields continued their week-long decline of more than 10 basis points.

The Russian rouble hit recent highs against the dollar and the euro, respectively. In addition to the impact of the Russian government's capital controls, critics believe that the strengthening of the rouble is also due to Russia's decree requiring the ruble to pay for natural gas. Russia's deputy prime minister said earlier this week that about half of Gazprom's customers had opened two accounts required for the rouble settlement order at the relevant banks. Despite the rebound of the dollar, the offshore RMB rose after falling more than 100 points in intraday trading on Friday, maintaining Thursday's rebound momentum and rising thousands of points throughout the week.

Among commodities, China's further efforts to stabilize growth came as international crude oil futures continued to rise, most London base metals, such as Len lead and Lun Copper, continued to rebound, and gold, which rebounded sharply on Thursday, almost flattened under the pressure of a rebound in the dollar. stay high for more than a week. Commodities rose throughout the week, crude oil continued to rise for a month, while Lenny and zinc rose along with other base metals despite Friday's decline, halting weeks of decline, and gold relied on Thursday to rise, putting an end to a month-long weekly decline.

The S & P closed off the bear market temporarily, but it was still the longest consecutive decline in 21 years. Tesla, Inc. fell more than 10% in one week. Walmart Inc's plate led the decline throughout the week.

The three major US stock indexes collectively opened high. at the start of the session, the Dow Jones Industrial average rose more than 260 points, or more than 0.8%, while the S & P 500 and the NASDAQ composite index rose nearly 1.1% and more than 1.4%, respectively, and fell less than an hour and a half later. When the afternoon session was refreshed, the Dow was down nearly 620 points and nearly 2%, while the S & P and Nasdaq were down more than 2.3% and nearly 3.1%, respectively. S & P is down more than 20% from its record high in January and is in a bear market.

In late trading, both the Dow and the S & P erased the decline, and the S & P pulled out of the bear market.

In the end, only the index of the three major indexes closed down, falling 0.3% to 11354.62 points, refreshing the low set last Wednesday since November 3, 2020, falling for three consecutive days. S & P closed up 0.01% at 3901.36, while the Dow closed up 8.77, or 0.03%, at 31261.9, and both temporarily broke away from the lows set on Thursday since March 4 and March 24 last year, ending two days of consecutive losses.

Major US stock indexes continued to fall this week, with the Dow down 2.9% for the first time since 1923, the Nasdaq down 3.82% and the S & P 3.05% for seven consecutive weeks, the longest consecutive week since March 2001. Russell 2000 fell 1.08% and the Nasdaq 100 fell 4.45% for five and seven weeks respectively.

Five S & P 500 sectors closed lower on Friday, led by Tesla, Inc. 's consumer discretionary products down more than 1.5 per cent, industry by more than 1 per cent, materials and communications services by more than 0.2 per cent and finance by more than 0.1 per cent. Of the six sectors that rose, real estate led the way, energy rose more than 0.4 per cent, and essential consumer goods and utilities rose nearly 0.3 per cent and IT rose more than 0.1 per cent. Throughout the week, only energy rose more than 1 per cent, health care rose 0.9 per cent and public utilities rose nearly 0.4 per cent. Walmart Inc's essential consumer goods fell 8.6 per cent, non-essential consumer goods fell more than 7 per cent, finance and IT fell nearly 4 per cent, and communications services fell 3 per cent.

The leading technology stocks that fell throughout the day closed mixed, while Tesla, Inc., who had fallen more than 10 per cent in intraday trading, closed down 6.4 per cent, the worst performance since July last year. Among FAANMG's six largest technology stocks, Netflix Inc closed up nearly 1.6%, Amazon.Com Inc's parent company closed up nearly 1.2%, Amazon.Com Inc rose 0.25%, Apple Inc rose nearly 0.2%, temporarily leaving its low since July last year, while Alphabet Inc-CL C's parent company, Alphabet, fell more than 1.3%, setting a new low since April last year. Microsoft Corp fell more than 0.2% to the lowest level since June last year. By the close, these technology stocks had fallen throughout the week, led by Tesla, Inc., who fell more than 13.7 per cent, Apple Inc and Alphabet fell more than 6 per cent, Amazon.Com Inc fell 4.8 per cent, Microsoft Corp fell more than 3 per cent and Netflix Inc fell more than 2 per cent.

Among the stocks that reported results, ROST closed down nearly 22.5%, the biggest decline since 1986; Deere (DE), whose profit in the first quarter was higher than expected but revenue was lower than expected, fell more than 14%; Applied Materials Inc (AMAT), with lower-than-expected earnings and income in the first quarter and weak guidance in the second quarter, closed down 3.9%; Deckers Outdoor (DECK), whose profit and income in the first quarter were better than expected, closed up 12.6%. Palo Alto Networks (PANW), which had higher-than-expected profits and revenue in the first quarter and raised its second-quarter guidance, closed up 9.7 per cent; Foot Locker (FL), which had a higher-than-expected quarterly profit source and a lower-than-expected decline in same-store sales, rose 4.1 per cent.

In addition, Walmart Inc and Target Corp, who reported results on Tuesday and Wednesday, respectively, closed up more than 0.1 per cent and nearly 1.3 per cent, respectively, falling more than 11 per cent on Tuesday and nearly 25 per cent on Wednesday, and down 19.5 per cent and 29.3 per cent for the whole week.

Some of the hot Chinese stocks that rebounded strongly on Thursday fell back. ETF KWEB and CQQQ closed down 2 per cent and 0.4 per cent, respectively. The Nasdaq Golden Dragon China Index (HXC) closed down 0.9 per cent. Of the four stocks on the Nasdaq 100th index, Pinduoduo fell 2.7 per cent, JD.com fell nearly 1.2 per cent, Baidu, Inc. fell 0.7 per cent, and NetEase, Inc rose 1.6 per cent. Among the other stocks, Full Truck Alliance fell more than 10%, Gaotu Techedu Inc. Education fell more than 7%, DouYu International fell more than 6%, TAL Education fell nearly 6%, NetEase youdao, Dada, e-cigarette first stock RLX Technology Inc. fell more than 5%, Zhihu Inc. fell more than 3%, KE Holdings Inc fell more than 2%, XPeng Inc. fell nearly 2%, Tencent Fendan, NIO Inc. Automobile, Jinshan Cloud fell more than 1%, BABA fell 1%, and HUYA Inc. rose more than 1%. Bilibili Inc., iQIYI, Inc. and Weibo Corp rose nearly 1%, Vipshop Holdings Limited nearly 0.8%, Tencent Music nearly 0.4%, and Li Auto Inc. almost tied.

Pan-European stock indexes rebounded after two days of losses, the European Stoxx 600 index emerged from an one-week low set on Thursday, and major European stock indexes also rebounded. Among the sectors, only personal and household goods, where essential consumer goods are located, closed down more than 1% on Friday, while the tourism sector, which rose about 2%, led the gains. This week the Stoxx 600 gave up more than half of last week's gains and fell for the fifth week in the last six weeks, with the exception of Italian and Spanish stock indexes falling.

A total of 12 sectors fell throughout the week, led by the food sector, which fell 4.9%. Among the seven sectors that rose, the basic resources of mining stocks, which fell nearly 3% against the market last week, led by 4.4%, utilities rose 4%, and oil and gas rose nearly 2%.

The yield on 10-year US Treasuries fell again below 2.8% in intraday trading, approaching a three-week low, down more than 10 basis points throughout the week.

European bond prices were mixed, British bond prices fell, yields rebounded, and German bond yields fell in intraday trading. The yield on UK benchmark 10-year government bonds closed at 1.89 per cent, up 3 basis points on the day, while German bunds closed at 0.94 per cent, down 1 basis point on the day, far less than the more than 8 basis points on Thursday. European stocks had an intraday test of 1.00 per cent, but US stocks gave up all their gains and declines. UK bond yields have risen nearly 15 basis points this week, wiping out more than half of last week's decline, while German bond yields have fallen slightly by less than 1 basis point, far less than last week's nearly 20 basis points and in the third week of the last seven weeks.

The yield on the benchmark US 10-year Treasury note approached a refreshing day high of 2.88% in European stocks, rising about 4 basis points during the day, while US stocks continued to fall after the opening, breaking 2.78% at midday, approaching the three-week low set by 2.77% on Thursday, and about 2.78% at the close of trading in a month, falling about 6 basis points on the day, down about 14 basis points this week. After rising for four weeks, it fell for two weeks in a row, and the decline was more than 10 basis points in both weeks.

The dollar still hit its biggest weekly decline in a year and a half from its two-week trough. The offshore RMB rose a thousand points throughout the week, the ruble / euro, a seven-year high.

The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, fell below 107.80 in European trading, approaching a two-week low below 102.70 on Thursday, and has continued to rise since then, with US stocks rising to 103.00 before trading and accelerating gains in early trading, rising below 103.20 at one point in midday and up more than 0.5 per cent on the day.

By Friday's close, the dollar index was above 103.00, up more than 0.3% on the day and down more than 1.4% this week. The Bloomberg dollar spot index rose nearly 0.2% and fell about 1.4% this week, ending seven weeks of losses and the biggest weekly decline since November 2020.

The Russian rouble closed at 60.2325 against the US dollar, up 2.7% on the day, up nearly 6.7% this week and up for five consecutive weeks. it rose above 60.2325 in intraday trading and rose more than 6% in the day, a record high in more than four years. The rouble rose 9% against the euro in intraday trading, its highest level since June 2015.

The offshore RMB (CNH) rose for the second day in a row, falling below 6.74in early trading, down 170 points during the day, and then rebounded. European stocks rose above 6.68in intraday trading, rising nearly 700points from their intraday lows, and then fell back. At 04:59 Beijing time on the 21st, the offshore RMB was at 6.6998 yuan against the dollar, up 255 points from late Thursday in New York, up 1001 points this week and bidding farewell to six consecutive weeks of decline.

Crude oil rose for five weeks in a row, the longest in three months, and natural gas in continental Europe hit a three-month low and fell more than 9% in a week.

International crude oil futures. Us WTI June crude oil futures rose 1.02 US dollars, or 0.91 percent, to 113.23 US dollars per barrel, while Brent July crude oil futures closed up 0.51 US dollars, or 0.46 per cent, to 112.55 US dollars per barrel, both of which were at closing highs in the last four days. Us oil is up 2.5% this week, and cloth oil is up 0.9% for five consecutive weeks, the longest straight week since Feb. 11.

Us gasoline and natural gas futures have fluctuated for three days in a row. NYMEX June gasoline futures closed up 0.1% at $3.837 per gallon, rising for two days, falling 3.05% this week, ending three weeks of gains, while NYMEX June natural gas futures closed down 2.71% at $8.0830 per million British thermal units, down for two days and up 5.48% this week for three consecutive weeks.

European natural gas continues to fall, all of which have fallen this week. ICE UK natural gas futures closed down 12.3% at 147.96 pence per kcal, the lowest since May 11, falling for three consecutive days, falling 0.33% this week, falling back after rising nearly 8% last week, and falling in the sixth week in the last seven weeks. Dutch gas futures, the benchmark for TTF, closed down 3.43 per cent at 87.902 euros per megawatt-hour, the lowest since Feb. 22 and down for two days in a row, falling 9.27 per cent this week, giving up nearly 5 per cent last week and ending two weeks of gains.

Lenny Nickel fell back after rising nearly 8% on Thursday, ending seven consecutive weeks of decline. Gold almost closed flat and remained at its highest level in more than a week. The longest consecutive week of decline in nearly four years.

London base metal futures mostly continued to rise on Friday. Lead lead rose nearly 5% a day on Friday, and Lun aluminum, Lun copper and lun tin all rose for two days in a row. Lun lead hit a two-week high, Lun aluminum and Lun copper continued to hit two-week highs, and Lunxi hit a new high for more than a week. Lenny, which rose more than $2000 or nearly 8 per cent on Thursday, fell more than $200. it fell from Thursday's high since Tuesday and closed below $28000. Ren Zinc, which rebounded on Thursday, also fell back, taking a break from its nearly two-week high, but closed at the $3700 mark.

This week, the base metal rose across the board, leading the rise of Lun Zinc up more than 6%, ending three weeks of continuous decline, Lun Aluminum rose more than 5%, Lun lead rose nearly 5%, reversing the seven-week and four-week decline respectively. Lunxi, which fell by more than 15% last week, rose nearly 4%, and Lenny, which rose by more than 2%, ended a seven-week losing streak. Lun copper rose more than 2%, rising for the first time in the last six weeks.

The rally in gold futures in New York, which rebounded strongly on Thursday, was suspended. COMEX June gold futures edged up $0.90, or less than 0.1%, to $1842.10 an ounce, setting Thursday's highest close since Wednesday, May 11. Thanks to Thursday's 1.4 per cent rise, the biggest daily gain in more than a month, premiums rose 1.8 per cent this week, ending the longest week of losses since August 2018, after falling nearly 4 per cent last week, the biggest decline in 11 months.

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