Market news on December 6

Today is December 6th. The Dow Jones and S&P 500 indices fell for two consecutive days. The strong performance of technology stocks boosted the rebound in the Nasdaq Index. The stock prices of tech giants such as Apple and Nvidia rose by more than 2%, making Apple's market capitalization once again exceed 3 trillion US dollars. The German stock index rose about 0.8% to a record high, while the Italian stock index closed above 30,000 points for the first time. However, a major Qatari financier sold more than 600 million US dollars of Barclays shares, causing the stock to fall by more than 4% in the intraday period. When US stocks closed on the same day, the Dow Jones index fell 0.22%, the S&P 500 index fell 0.06%, and the Nasdaq index rose 0.31%.

The number of JOLTS job vacancies in the US in October was 8.733 million, far below expectations, a new low in two and a half years. The “New Federal Reserve News Agency” pointed out that this further indicates that the US labor market is cooling down. The US ISM service index rebounded in November. The 10-year US Treasury yield hit a three-month low, while the two-year yield was close to a five-month low.

The US dollar index jumped to a new high in the past two weeks. The price of Bitcoin rose more than 3,000 US dollars in the intraday period, breaking through 44,000 US dollars, reaching a new high of more than a year and a half. After the OPEC+ meeting, crude oil prices fell for four consecutive days, hitting a five-month low. The price of gold continues to fall, away from historical highs.

In terms of the Chinese market, during the US stock trading period, the China Securities Index fell for three consecutive days. NIO once rose more than 5% after the earnings report; the offshore renminbi fell below 7.17 in the intraday period, falling more than 200 points. The Beijing Stock Exchange 50 rose more than 7% against the market, and A-shares fell sharply at the end of the session. The three major indices all fell by more than 1%, and the net capital outflow to the north exceeded 7.5 billion yuan. NIO's revenue for the third quarter increased by 46.6% year on year, and car delivery reached a record high. In a conference call, it was stated that independent manufacturing costs will drop by 10%, and the new models to be released are expected to become a “new benchmark.”

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Welcome to the last sharing session of Shengcai YouDao in 2023