China-Singapore Jingwei, September 21. On Monday, Eastern Time (September 20), US stocks opened lower and moved lower, with the three major stock indexes falling across the board. As of the close, the Dow fell 1.78% to 33,970.47 points; the Nasdaq fell 2.19% to 14,713.90 points; the S&P 500 index fell 1.70% to 4,357.73 points. On the disk, almost all sectors except public utilities closed down. Tesla fell nearly 4%, Amazon fell more than 3%, and Apple fell more than 2%.
U.S. stocks’ large technology stocks, banking stocks, and energy stocks fell across the board. Amazon fell 3.08%, Facebook fell 2.47%, Netflix fell 2.36%, Apple fell 2.14%, Microsoft fell 1.86%, Google fell 1.48%; Citi fell 3.76%, Bank of America fell 3.36%, Goldman Sachs fell 3.36%, Morgan Stanley Profits fell 2.98%, JPMorgan Chase fell 2.96%, Wells Fargo fell 1.53%; Occidental Petroleum fell 5.53%, Schlumberger fell 3.71%, ConocoPhillips fell 3.16%, and Exxon Mobil fell 2.61%.
Most of the popular Chinese concept stocks fell. Wanchun Pharmaceutical fell 32.96%, Xiaoying Technology fell 13.75%, Genetron Health fell 11.42%, Hong En Education fell 11.25%, and Yi Xian E-commerce fell 10.81%, Ideal Auto fell 7.49%, Pinduoduo fell 6.5%, Bilibili fell 6.26%, Xiaopeng Motors fell 6.25%, Weilai Motors fell 6.23%, Alibaba fell 5.37%, Baidu fell 4.75 %, Jingdong fell 4.56%, Weibo fell 3.5%, and NetEase fell 3.4%. In terms of gains, Yunji rose 6.3%, Bright Scholar rose 3.46%, Elite Education rose 3.45%, Best Group rose 2.11%, and Pan-China Financial Holdings rose 2.09%.
On the news, according to a CCTV news client reported on September 20, US Treasury Secretary Yellen warned on the 19th that if the US Congress does not quickly raise the federal government’s debt ceiling or Suspension of its effective, the federal government may default on debt in October this year, and will cause widespread “economic disaster.”
Yellen warned that the US government’s debt default is likely to trigger a “historical financial crisis”, exacerbating the economic damage caused by the new crown epidemic; debt default may also trigger interest rates Soaring, sharp decline in stock prices and other financial turmoil. In addition, the current US economic recovery may be reversed into recession, losing billions of dollars in economic growth and millions of jobs.
The European stock market also fell. The German DAX index fell 2.31% to 15132.06 points, a four-month low; the French CAC40 index fell 1.74%, reported 6455.81 points; Britain’s FTSE 100 index fell 0.79% to 6908.48 points; Italy’s FTSE MIB index fell 2.57% to 25048.26 points.
In commodity futures, crude oil fell sharply and gold rose.
WTI October crude oil futures closed down 1.67 US dollars, or 2.32%, to 70.29 US dollars per barrel; Brent November crude oil futures closed down 1.42 US dollars, or 1.88% , Quoted at $73.92 per barrel.
COMEX December gold futures closed up 0.7%, at US$1,763.80 per ounce.
(The original title is: The US government wants debt default? The three major US stock indexes fell across the board, and the Nasdaq fell more than 2%)