Economic data is good. The U.S. stock index Pu 500 index closed at a new high.
On Monday, U.S. time, the three major U.S. stock indexes opened high and went high, and then stabilized for most of the time, and finally closed higher. Among them, the Dow Jones Industrial Average rose nearly 400 points, an increase of 1.13%, and the S&P 500 Index rose 1.44%. Together with the Dow Index, it hit a new intraday and closed high, in the S&P 500 Index 1 Of the first sector, except for the energy sector, which followed the decline of international oil prices, all the other sectors rose. In addition, the Navyak index closed up 1.67%. After entering the second quarter, U.S. stocks got rid of the previous caution and downturn and made rapid progress. One of the factors that triggered investor sentiment was a series of very eye-catching economic data in the United States recently.
The number of non-agricultural employment in the United States surged by 916,000.
According to the non-farm employment report released on Friday, the number of non-farm employment in the United States increased by an astonishing 916,000 in March, far higher than the expected 660,000 and 468,000, and the unemployment rate fell to 6%. In terms of sub-item terms, the employment growth in leisure and hotel services was the most significant.
U.S. service industry indicators record high
The data released by the American Supply Management Association on Monday showed a similar trend. In March, the U.S. service purchasing managers index jumped sharply from 55.3 to 63.7, the highest level since records in 1997, and all 18 service industries surveyed showed an upward trend. However, it is worth noting that the industry price index reached its highest since July 2008, highlighting the risk of rising inflation. In addition, the yield of 10-year U.S. bonds, as of press time, fell nearly two basis points and remained at 1.7%. Traders said that the valuation of some traditional value stocks has risen above the pre-epidemic level. Investors buy technology stocks again when the yield of U.S. bonds stabilizes, which will help U.S. stocks continue to rise.
Several countries’ epidemic situation counterattacked and suppressed international oil prices
The two major crude oil futures fell more than 4% on Monday, with U.S. WTI light crude oil futures for May delivery closing at $58.65 a barrel and Brent crude oil futures for June delivery closing at $62.15 a barrel. Several countries, including India and Canada, have shown signs of a response to the epidemic. In addition, OPEC and other oil-producing countries have decided to gradually increase production from May to July, and Iran is also increasing production and export volume, which has depressed oil prices.
U.S. stocks rose, and the dollar weakened to contain gold prices.
Gold prices fluctuated on Monday, and gold futures for June delivery finally closed slightly higher at $1,278.8 per ounce. Analysis points out that the rise of U.S. stocks weakens the attractiveness of gold, but at the same time, the weakening of the dollar index provides some support for gold prices.