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    Home > Chemicals Industry > Petrochemical News > U.S. stock NASDAQ rose more than 2%, U.S. oil returned to $100 Natural gas prices suddenly skyrocketed

    U.S. stock NASDAQ rose more than 2%, U.S. oil returned to $100 Natural gas prices suddenly skyrocketed

    • Last Update: 2023-02-11
    • Source: Internet
    • Author: User
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    On Thursday (July 7), Eastern time, the three major US stock indexes opened higher
    .
    By the close, the Dow was up 1.
    12%, the NASDAQ was up 2.
    28%, and the S&P 500 was up 1.
    50%.

    On the market, technology stocks and auto stocks rose across the board, with Google up more than 3%, Netflix and Apple up more than 2%; Faraday Future rose more than 21%, and accumulated more than 110%
    in the month.
    Most of the popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up nearly 4%.

    Technology stocks were higher across the board, with most of the popular Chinese concept stocks rising

    On the news, according to the Wall Street Journal, investors are watching the jobs report to be released on Friday, while expecting weaker
    economic data as the Federal Reserve continues to raise interest rates to control inflation.

    Big tech stocks were higher across the board, with Apple up 2.
    4%, Amazon up 1.
    75%, Netflix up 2.
    83%, Google up 3.
    68%, Facebook up 1.
    43%, and Microsoft up 0.
    82%.

    Bank stocks rose collectively, with JPMorgan Chase up 2.
    28%, Goldman Sachs up 1.
    64%, Citi up 1.
    78%, Morgan Stanley up 2.
    09%, Bank of America up 2.
    74% and Wells Fargo up 1.
    59%.

    Energy stocks were broadly higher, with ExxonMobil up 3.
    24 percent, Chevron up 1.
    89 percent, ConocoPhillips up 3.
    6 percent, Schlumberger up 5.
    1 percent and Occidental up 3.
    89 percent
    .

    Most of the popular Chinese concept stocks rose, with Ebang Communications up 24.
    69%, Uxin up 21.
    21%, Medical Beauty International up 18.
    35%, Daqo New Energy up 14.
    94%, JinkoSolar up 13.
    64%, Lixiang Education up 13.
    53%, Burnstone Medical up 12.
    9%, LianBio up 12.
    5%, and Fogcore Technology up 12.
    37%; In terms of decline, Longyun International fell by 24.
    69%, Ruitu Ecology fell by 9.
    03%, Meihua International Medical fell by 7.
    74%, and Juhao Mall fell by 7.
    49%; China's new energy vehicle stocks rose collectively, with NIO up 8.
    07%, Xpeng Motors up 5.
    63%, and Li Auto up 1.
    76%.

    The British Prime Minister resigned, and European stock indexes rose across the board

    Major European stock indexes also rose across the board, with Germany's DAX up 1.
    97%, France's CAC 40 up 1.
    6%, and Britain's FTSE 100 up 1.
    14%.

    It is worth noting that on the 7th local time, British Prime Minister Boris Johnson issued a resignation statement
    outside the Prime Minister's Office.
    After the news, the London stock market in the UK rose intraday, and the pound sterling also edged higher
    on the day.

    According to CCTV Financial reports, some analysts pointed out that Johnson's resignation statement largely eliminated uncertainty in the market for the British stock market
    .
    At the same time, the market expects that the new government may increase fiscal spending and achieve tax reform in the future, and the Bank of England may quickly raise interest rates, which may be positive for the pound in the short term
    .

    U.
    S.
    oil returned to $100, and natural gas soared

    International crude oil prices rebounded sharply, WTI August crude oil futures closed up $4.
    2, or 4.
    26%, at $102.
    73 / barrel, back above $100; ICE Brent crude oil futures for September ended up $3.
    96, or 3.
    93 percent, at $104.
    65 a barrel
    .

    U.
    S.
    EIA crude inventories rose by 8.
    235 million barrels in the week ended July 1, down 1.
    043 million barrels expected and down 2.
    762 million barrels
    in the previous month, inventory data showed.

    Separately, natural gas prices skyrocketed after EIA released its natural gas report, with NYMEX August natural gas futures closing up 14.
    28% at $6.
    2970/MMBtu
    .

    The report showed that the total amount of natural gas inventories in the United States was 2,311 billion cubic feet in the week ended July 1, an increase of 60 billion cubic feet from the previous week, a decrease of 261 billion cubic feet from the same period last year, a year-on-year decline of 10.
    1%, and a decrease of 322 billion cubic feet, or 12.
    2%,
    from the five-year average.

    Gold prices also rose, with COMEX gold futures for August closing up $3.
    20, or 0.
    18%, at $1739.
    70 an ounce
    .

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