Home Business U.S. stocks hit a new high, and the richest man in the world changed ownership! Tesla = 12 General Motors = 22 Ford…
U.S. stocks hit a new high, and the richest man in the world changed ownership! Tesla = 12 General Motors = 22 Ford...

U.S. stocks hit a new high, and the richest man in the world changed ownership! Tesla = 12 General Motors = 22 Ford…

by YCPress

On Thursday, U.S. time, the three major U.S. stock indexes all set new intraday and closed record highs, with the Dow at the 31,000-point mark, closing 0.69%, and the S&P 500 Index and the NAX closed 1.48% and 2.56% respectively.

On the data, according to the data released by the U.S. Department of Labor on the 7th, the number of first-time jobless claims in the United States in the week ended January 2 was 787,000, lower than the market estimate of 800,000, and this statistic has declined for three consecutive weeks.

In addition, according to the data of the American Supply Management Association, the U.S. Service Purchasing Managers Index rebounded from a six-year low last December and unexpectedly rose to 57.2, and the number of business activities and new orders recovered.

Cyclic stocks led the rise, and the technology sector rebounded strongly.

In the early morning of the 7th local time, the U.S. Congress certified Biden’s election victory, coupled with the previous Democratic Party’s previous victory in the Senate.

Market analysis believes that in the short term, this may push Congress to introduce more stimulus measures more smoothly, so it can be seen that cyclical sectors such as non-essential consumer goods, energy and finance will be seen on Thursday. Lead the rise.

In addition, the performance of the technology sector is also quite good. Industry leaders Apple, Facebook and Microsoft all recovered most of the declines in the previous trading day, closing up 2% to 3.5%, providing momentum for U.S. stocks to hit new highs.

Tesla’s stock price hits a new high, Musk wins the world’s richest place

In terms of individual stocks, Tesla’s share price, another electric vehicle company, reached an all-time high.

Its share price reached $816.99 on Thursday, and the company’s market value exceeded $773 billion, which is equivalent to 12 times the market value of General Motors or 22 times the market value of Ford. Since Morgan Stanley, Royal Bank of Canada has also raised Tesla’s rating.

U.S. media said that Tesla CEO Musk’s personal net worth once exceeded $188 billion, surpassing Amazon CEO Bezos to become the richest man in the world.

The exchange rate of the pound fell. The Bank of England may implement negative interest rates ahead of schedule.

The three major European stock markets closed up on Thursday, including London stock markets up 0.22%, and Paris and Frankfurt stock markets up 0.7% and 0.5% respectively.

The latest data shows that Germany, Europe’s largest economy, increased its industrial orders by 2.3% month-on-month last November, which is better than the market’s estimate of a decline of 0.4%.

In addition, the eurozone economic boom index rose to 90.4 from 87.7 in December last year.

In addition, the pound fell 0.5% against the dollar to around 1.35, and the market generally expected that the Bank of England might adopt a negative interest rate policy earlier than expected to counter the economic blow caused by the third blockade.

Saudi Arabia voluntarily reduces production or alleviates the oversupply. International oil prices rose on the 7th.

Crude oil prices rose on Thursday, and the news that Saudi Arabia agreed to voluntarily cut production in February and March eased concerns about oversupply of crude oil.

U.S. WTI light crude oil futures for February delivery closed at $50.83 a barrel, and Brent crude oil futures for March delivery closed at $54.88 a barrel, the highest level in nearly 11 months.

International gold prices rose slightly on the 7th.

The market expects that the United States will launch more fiscal stimulus, which is good for gold prices, but the rebound of the dollar from a two-year low and the higher yield of U.S. bonds put pressure on gold prices.

Gold futures for delivery on the New York Mercantile Exchange closed slightly higher at $1913.6 per ounce.