Wake up, U. S. stocks closed down across the board, the Dow fell 300 points, the biggest one-day decline in a month.

But the vaccine concept stock rose against the trend, with Moderna Inc's share price soaring 10% and its market capitalization up 70 billion. Hot Chinese stocks followed the pace of the market, with Gaotu Techedu Inc. down more than 11 per cent and TAL Education Group nearly 10 per cent.

A country in the Middle East is also suffering from a serious crisis, with its currency depreciating by 90%, one of the three worst economic crises in the world in the past 70 years.

All three major stock indexes fell.The Dow plummeted300点

The three major indexes of U. S. stocks fell on Friday on fears of an economic recovery.

By the close, the Dow was down 299.17 points, or 0.86%, at 34687.85. The closing decline was the biggest in a month and the biggest since June 18.

The s & p 500 fell for two days in a row, closing 0.75% lower at 4327.16, its biggest drop since July 8.

The Nasdaq closed down 0.8% at 14427.24 points.

In terms of economic data, U.S. retail sales rose more unexpectedly in June than expected on Friday, but the University of Michigan's consumer confidence index fell unexpectedly in July, adding to fears of an economic recovery.

Us retail sales grew at a monthly rate of 0.6 per cent in June, with the market expected to be-0.3 per cent, according to data released by the commerce department on Friday.

In addition, the University of Michigan's consumer confidence index for July was 80.8, compared with an expected 86.5, compared with a previous reading of 85.5.

Curtin, director of consumer research at the University of Michigan, said the decline in consumer confidence in July was mainly due to a less optimistic economic outlook. Consumers mistakenly believe that as the epidemic alleviates, the economy will recover. Curbing and reversing accelerating inflation has become a top concern. Inflation has increased the pressure on the living standards of low-and middle-income families and delayed large discretionary purchases of high-income families.

Vaccine concept stocks roseModerna IncSoar10%

While US stocks plummeted, vaccine stocks bucked the trend and soared.

Moderna Inc surged 10%, and its market capitalization soared by $10.74 billion, or about 70 billion yuan.

On the face of the news, after Thursday's trading, S & P Dow Jones announced that Moderna Inc, an American biotech company, will be included in the S & P 500 on July 21, replacing current Alexion Pharmaceuticals.

Biontech is up nearly 5 per cent. On the news, the US FDA said on Friday that it would review Pfizer Inc / BioNTech's application for product license for the new crown vaccine in January next year. Acting director Janet Woodcock said the application has a high priority in the bureau, so setting the time does not mean it is impossible to give formal approval before January next year.

Pfizer Inc also rose by more than 0.6%.

In addition, Novawask also rose, closing up more than 4%.

The recurrence of overseas outbreaks is also one of the important reasons for the sharp rise in vaccine concept stocks.

In the United States, according to the overseas Network, according to Worldometer real-time statistics, as of 06:30 Beijing time on July 17, the United States had a total of 34919885 confirmed cases of COVID-19 and a total of 624439 deaths. Compared with 06:30 the previous day, there were 41870 new confirmed cases and 292 new deaths in the United States.

New confirmed cases are on the rise in 48 states across the United States, CCTV reported yesterday. The hospital hospitalization rate in many parts of the United States is on the rise, with the number of new daily cases in Tennessee more than doubling from two weeks ago, and in Los Angeles County, the number of daily new cases has also more than doubled in a week, CBS reported.

In the UK, according to Xinhua News Agency, data released by the British government on the 16th showed that the country had more than 50, 000 new confirmed cases of COVID-19 on the same day, reaching 51870, with a total of 5332371 confirmed cases, and 49 new deaths and a total of 128642 deaths.

The number of new confirmed cases of COVID-19 in the UK has continued to rise recently, with more than 30, 000 confirmed cases on the 7th of this month and more than 40, 000 on the 14th. According to the weekly variant novel coronavirus report updated by the English Public Health Authority on the 16th, the number of cases of infection with the mutant novel coronavirus Delta strain in the country reached 253049, an increase of 17% compared with last week. Of the recent new confirmed cases, about 99% are cases of infection with Delta strain.

In Japan, which is about to hold the Tokyo Olympic Games, the epidemic situation of COVID-19 is not optimistic. According to Xinhua News Agency, from the 14th to the 16th, there were more than 3000 new confirmed cases of COVID-19 in Japan for three consecutive days, including more than 1,000 confirmed cases in Tokyo for three consecutive days.

The giant manufacturer of vaccine bottles has broken.It flashed on the first day of listing.20%

Italian medical device maker Stevanato Group officially listed on the New York Stock Exchange on Friday.

The surge in vaccine stocks comes at a time when the world's second-largest vaccine bottle maker has failed to gain popularity. The company fell nearly 20 per cent on its first day of trading and narrowed towards the end of the day, closing down 6.33 per cent.

It is reported that the company's IPO is priced at $21, the lower end of the price range of $21 to $24. Earlier, the company also reduced the size of its offering to 32 million shares from 40 million shares. The company raised a total of $672 million in this IPO.

Hot Chinese stocks generally fell.Gaotu Techedu Inc. overtook the fall.11%TAL Education Group fell close10%

Following the decline of the market, hot Chinese stocks also fell on Friday.

Education stocks led the decline, Gaotu Techedu Inc. (who to learn from) fell more than 11%.

TAL Education Group closed down nearly 10 per cent.

New Oriental Education & Technology Group also fell by more than 5%.

Devaluation of Lebanese currency90%，70One of the three worst economic crises in recent years

A country in the Middle East is facing a 90% devaluation, one of the three worst economic crises since the middle of the 19th century.

According to CCTV, on July 15 local time, Lebanese Prime Minister-designate Hariri announced that after months of discussion, he had decided to abandon the formation of a new cabinet after failing to reach an agreement with President Orne on the formation of the new government.

Some analysts pointed out that the political stalemate may further deepen the local economic crisis.

Reuters reported that affected by the news, the black market exchange rate of the Lebanese pound fell rapidly from about 19000 Lebanese pounds to the dollar that morning to 20, 000 Lebanese pounds to the dollar. The Lebanese pound has depreciated by more than 90 per cent compared with the second half of 2019.

Hariri submitted a new list of government ministers to President Orne on the 14th, but there are differences of opinion between the two sides, according to Chinanews.com. After the talks, Hariri said that the president's position on the issue of forming a cabinet had not changed and asked for a "substantive" change to the list of ministers, which he could not agree with.

Earlier, a deadly explosion occurred in the port of Beirut in August 2020, forcing the then cabinet to resign collectively. In October 2020, Hariri was authorized to form a new government. However, due to differences with President Orne on the number of ministers in the new government, candidates and the allocation of important ministerial posts, Hariri has not completed the formation of the cabinet.

It has been reported that Hariri's statement on the same day brought the political process back to square one, and that the risk of a change in the political situation will obviously continue for several more months.

Political risks have led to a sharp devaluation of the exchange rate, and people's lives have also been greatly affected. CCTV reported that the fall in the exchange rate was accompanied by a surge in prices, especially as Lebanon has been heavily dependent on imports for energy and a large number of daily necessities, and the fall in the exchange rate has led to a rise in import prices. A large power station in Lebanon was forced to shut down recently because of defaulted payments that stranded fuel overseas.

In addition, due to the long-standing lack of government subsidies, foreign drug suppliers refusing to deliver, and a serious shortage of drugs in many pharmacies in Lebanon, the Lebanese Pharmacy Industry Association recently announced a long-term strike across the country. Some members of the association said that about 80% of the pharmacies in Beirut and other big cities have been closed, and about half of the pharmacies in other areas have also closed down.

The sustained economic contraction has also caused a shortage of daily necessities in Lebanon. In the past two days, there have been long queues of people snapping up gasoline. On July 15, in the Lebanese capital Beirut, a large number of cars lined up on the road to refuel, and many people rushed to buy gasoline with empty buckets.

Earlier, the World Bank said at the beginning of last month that the current economic crisis in Lebanon is likely to be one of the three worst economic crises in the world since the mid-19th century.