Market News on December 1

Today is December 1st. After Saifshi released its earnings report, the stock price rose by more than 9%, boosting the Dow Jones Index by more than 1%, reaching a new high in the past two years. However, the Nasdaq index continued to fall. Delivery of the 80,000-100,000 US dollar version of Tesla's Cybertruck has begun, but the cheaper version will wait until next year. This news once caused Tesla's stock price to drop 3%. In November, US stocks experienced a major rebound, and the three major indices recorded their biggest monthly gains in at least a year. Specifically, the Dow Jones index rose 1.47%, the S&P 500 rose 0.38%, and the Nasdaq index fell 0.23%.

The position of Fed officials on interest rate cuts poured cold water on the market. The US bond yield ended a three-day decline, and the 10-year US Treasury yield rebounded 10 basis points from a two-month low in the market. Despite this, November recorded its best monthly performance since 2008. The US dollar index continued to rise, breaking away from a three-month low, and still recorded its biggest monthly decline in a year in November.

After the OPEC+ production reduction meeting, crude oil prices fell during the intraday period. At one point, they fell by more than 3%, and continued to decline for two months. Gold, on the other hand, ended four consecutive days, temporarily bid farewell to its high level for more than half a year, and continued to rise for two months.

In terms of the Chinese market, during the US stock market, the China Securities Index stopped falling for three days. Pinduoduo rose on the third day after the release of the earnings report, an increase of 4%, while Station B fell more than 4% the day after the release of the earnings report. At one point, the offshore renminbi fell below 7.15 and fell by more than 300 points, but rose nearly 2,000 points during a major rebound in November. The Beijing Stock Exchange 50 fell more than 1%, the Shanghai Index rose 0.26%, tourism and Chinese stock stocks rose, and automobile stocks fell. Specifically, the Shanghai Index closed at 3029.67 points, up 0.26%, the Shenzhen Index closed at 9726.92 points, down 0.18%, and the GEM Index closed at 1922.59 points, up 0.24%.

======= I am a dividing line =======

Welcome to the last sharing session of Shengcai YouDao in 2023

Moomoo MY registration 🔗