Stocks closed lower across the board: The Dow fell more than 500 points

2022-09-20 0 By

In February 11, Beijing time 11 morning, the THREE major U.S. stock indexes fell.The Dow fell 526.47 points, or 1.47 percent, to 35241.69, while the S&P 500 fell 1.81 percent to 4504.08 and the Nasdaq fell 2.1 percent to 14185.64.Moderna fell 2.2 percent, Gilead Sciences fell 2.57 percent, Novavax Pharmaceuticals fell 4.13 percent, BioNTech fell 3.34 percent and Pfizer fell 1.71 percent.Bank shares were lower across the board, with jpmorgan chase down 0.44%, Goldman Sachs down 1.12%, Citigroup down 0.53%, Morgan Stanley down 1.06%, Bank of America down 0.49% and Wells Fargo down 0.03%.Big tech stocks fell across the board, with Apple falling 2.34%, Amazon 1.36%, Netflix 1.6%, Google 2.1%, Facebook 1.69% and Microsoft 2.84%.Most popular Chinese stocks fell, with Elite Education falling 8.9%, Pan-China Financial Holding 6.58%, Dada Group 5.05%, Unixin 4.84%, NetEase 4.23% and Alibaba 2.13%.Nev shares were lower across the board, with NiO automobile down 2.83%, Xiaopeng Automobile down 4.39% and Ideal Automobile down 2.52%.In terms of economic data, the US Consumer price index (CPI) rose 7.5 percent in January from a year earlier, the highest since February 1982, as strong consumer demand and supply shortages related to COVID-19 weighed on prices, according to data released by the US Labor Department on Tuesday.The FTSE 100 Index closed at 7,672.40 points, up 28.98 points or 0.38 percent from the previous day.The CAC40 index in Paris closed at 7,101.55, down 29.33 points or 0.41 percent from the previous day.In Frankfurt, Germany, the DAX index rose 8.43 points, or 0.05 percent, to 15,490.44.In oil prices, WTI Crude for March delivery ended up 22 cents, or 0.24 percent, at $89.88 a barrel.Brent crude for April delivery ended down 14 cents, or 0.15 percent, at $91.41 a barrel.In gold, COMEX gold futures for April delivery ended up less than 0.1%, rising for a fifth straight session to $1,837.40 an ounce.The dollar index, which measures the greenback against six major currencies, rose 0.06% to 95.5530 by late trading in New York.(Zhongxin Jingwei APP)