Auto & Transportation

On Wednesday, local time, the three major U.S. stock indexes collectively opened higher. Due to continued pressure from the general decline in technology stocks, the Nasdaq turned down in the late trading hours. As of the close, the Dow closed at 34230.34 points, an increase of 0.29%, a record high; the S&P index rose slightly by 0.07%, while the Nasdaq index fell by 0.37%, falling in a row in the past four trading days, hitting April 1. New low since.

U.S. employment data is higher for good cyclical stocks

In terms of data, the data released by the American Automatic Data Processing Corporation (ADP) on the 5th showed that the number of employees in the private sector in the United States increased by 742,000 month-on-month in April, the largest month-on-month increase since September 2020. Among them, employment in the service industry has recovered the most significant. On the same day, General Motors of the United States delivered a financial report that was better than market expectations when the global automotive industry suffered from a shortage of chip supply. The stock price rose sharply by more than 4%.

In terms of industries, the energy and chemical sectors have seen significant gains. Chevron and Dow Chemical both rose more than 2%. The technology sector continued its declining trend in the previous few days. Among the six major technology stocks leading the U.S. stock market, only Apple and Alphabet, the parent company of Google, closed up slightly, while the rest all closed down, falling within 1%.

Analysts believe that as more industries in the US usher in a recovery, investors have begun to throw out their previously held technology stocks and pay more attention to cyclical stocks.

Eurozone economic data is positive for the three major European stocks to close collectively

In the European market, the three major European stock indexes swept the previous day's decline on the 5th and rose across the board. As of the close, the London stock market in the UK rose 1.68%, the Paris stock market in France rose 1.40%; the Frankfurt stock market in Germany rose 2.12%. The analysis pointed out that the high morale of European stock markets stems from the support of sustained economic recovery. According to data released by Eurostat on the 5th, the Eurozone's production price index in March increased by 1.1% from February, which was in line with market expectations. At the same time, the Eurozone's Purchasing Managers Index rose to 53.8 in April, which also increased by 1.1% from the previous month. Both show that the Eurozone economy is in a state of expansion.

Investors weigh the outlook for crude oil demand, New York crude oil futures prices fell slightly

In the crude oil market, affected by the uncertainty brought about by the new crown epidemic, investors began to reassess the prospects for the recovery of crude oil demand. Even in the case of a sharp reduction in US crude oil inventories, New York crude oil futures prices still fell. By the close of trading on the 5th, the price of New York light crude oil futures for delivery in June closed at $65.63 per barrel, a decrease of 0.09%; the price of London Brent crude oil futures for delivery in July closed at $68.96 per barrel, an increase of 0.12 %.

International gold prices rose slightly

New York gold futures prices rose slightly on the 5th. Gold futures for June delivery closed at $1784.3 per ounce, an increase of 0.47%. Market analysis believes that investors' concerns about rising inflation in the United States and the possibility of unexpected interest rate hikes by the Federal Reserve are the main reasons for the rise in gold prices.