CCTV news client April 21 news, on April 20 local time, affected by the plunge in crude oil futures prices, the three major US stock indexes closed down, of which the Dow Jones index fell 2.44% to close at 23650.44 points. In addition, the S & P 500 index fell 1.79%, and the Nasdaq fell 1.31%.
The settlement price of light crude oil in West Texas was closed at -37.63 US dollars per barrel, which was the first time oil futures started trading on the New York Mercantile Exchange since 1983 Fall into a negative transaction. A negative oil price means that the cost of transporting oil to a refinery or storage has exceeded the value of the oil itself.
Affected by this, both aviation stocks and energy stocks fell sharply. Among them, the energy sector led the decline of the S & P 500 index, which fell more than 3%. Wall Street analysts believe that with the reduction of US crude oil production and the slowing of the new coronary pneumonia epidemic, oil prices may improve in the future. In addition, the Senate failed to reach an agreement on the rescue of the new coronary pneumonia epidemic, which made Wall Street sentiment negative.
Although officials from various places such as New York State have stated that the new coronary pneumonia epidemic has eased, investors are divided about the future market trend. Some investors believe that “the dawn is at the end of the tunnel”, and some investors believe that the market may continue to dip to a new low before rebounding.
(Originally titled “Affected by negative trading in crude oil futures prices, US stocks closed down”)