On Wednesday (January 31), the three major U.S. stock indexes were sharply **. As of **, the Dow fell 082%, the Nasdaq fell 223%, and the S&P 500 fell 161%。
During the session, the Federal Reserve's first interest rate decision of the new year was released, maintaining the benchmark interest rate at 525%—5.The 50% range remains unchanged. In a subsequent press conference, Fed Chair Jerome Powell said that he hoped inflation data would continue to decline in the second half of the year, and that it might be appropriate to start cutting rates sometime this year, "If the economy develops as expected, we will adjust our policy rate this year." ”
This remark once stimulated U.S. stocks***, but as Powell said that a rate cut was unlikely in March, the three major U.S. stock indexes dived again**. Powell said that cutting the policy rate too late could weaken the economy too much, while cutting rates too early could lead to a reversal in inflation progress, and that he was "prepared to maintain the current policy rate for a long time if needed."
Powell also said that balance sheet reduction is progressing well and that there will be an in-depth discussion of the balance sheet at the March meeting.
On the market, most of the large technology stocks **, Apple fell 161%, Amazon fell 234%, Netflix rose 026%, Google fell 747%, Facebook fell 249%, Microsoft fell 264%。
Bank stocks were lower across the board, with JPMorgan Chase down 109%, Goldman Sachs fell 08%, Citi fell 159%, Morgan Stanley fell 042%, Bank of America fell 227%, Wells Fargo fell 201%。
Most airline stocks**, Boeing rose 529%, American Airlines fell 206%, Delta Air Lines fell 097%, Southwest Airlines fell 101%, United Airlines fell 067%。
Energy stocks were broad-based, with Exxon Mobil down 196%, Chevron fell 184%, ConocoPhillips fell 192%, Schlumberger fell 131%, Occidental Petroleum fell 225%。
Popular Chinese concept stocks were mixed, Tencent** rose more than 3%, Pinduoduo rose more than 1%, Li Auto, Vipshop, NetEase slightly**; Xpeng Motors fell more than 3%, Weilai fell more than 2%, JD.com, iQiyi, Futu Holdings, and Alibaba slightly**.
The three major European stock indexes were also across the board, with the German DAX index falling 04% at 16903At 76 points, the French CAC40 index fell 027% at 7656At 75 points, the British FTSE 100 index fell 047% at 763057 points.
Oil prices retreated, and WTI closed down 1 in March$97, down 253% to 75$85 barrel; Brent closed down 1 in March$16, down 140% to 81$71 barrel.
*Continue**, COMEX closed up 080% to 2067$40 oz.