The three major stock indexes of the New York stock market opened low on the 14th. They fell in the morning and narrowed in the afternoon. At the close, all three major stock indexes of the New York stock market fell.
As of the close of the day, the Dow Jones Industrial Average fell 106.77 points to 35544.18 points, or 0.30%, compared with the previous trading day. The standard & Poor’s 500 stock index fell 34.88 points, or 0.75%, to 4634.09. The Nasdaq composite index fell 175.64 points, or 1.14%, to 15237.64.
In terms of sectors, ten of the 11 sectors of the S & P 500 index fell and one rose. Among them, the technology sector and the real estate sector led the decline by 1.64% and 1.27% respectively, while the financial sector bucked the trend and rose by 0.62%.
Mike Wilson, chief U.S. Securities strategist of Morgan Stanley, said on the same day that large cap stocks are now giving up halfway, which is the same as what happened in 2018, and the last time people thought the stock market would continue to adjust was in 2018.
Bank of America’s global research department said on the 14th that after the previous week, its customers bought a net $3.4 billion of stocks last week, but only institutional customers bought stocks, and hedge funds and private customers had a net outflow of funds. The stocks purchased by customers mainly belong to the sectors of communication services, medical treatment, essential consumer goods and energy, while the capital outflow occurred in the sectors of non essential consumer goods, industry and science and technology.
The global research department of Bank of America said that due to tax and other factors, private customers usually focus on selling stocks in December every year, which shows that private customers may accelerate selling stocks in the next few weeks.
In terms of individual stocks, as Toyota announced that it planned to invest about US $35 billion in the development of battery powered vehicles by 2030, the share price of rival Ford Motor fell 1.86% that day. Elon Musk, CEO of Tesla, sold shares worth $906.5 million on the 13th, and Tesla‘s share price fell 0.82% on the same day.
(Xinhua Finance)
