European Stocks Fell, US Stocks Mixed

  • European stocks generally fell
  • The three major U.S. stocks index rose and fell mixed, the Dow rose 0.16%, the Nasdaq and S&P fell slightly
  • Qualcomm fell more than 7%

The three major U.S. stock indexes oscillated higher after opening lower. The Dow regained its 30,000-point mark at the end of the session. The S&P 500 index fell for 3 consecutive trading days. The Dow rose 47.11 points, or 0.16%, to 30046.37; the Nasdaq fell 27.94 points, or 0.23%, to 12,377.87; the S&P 500 index fell 4.64 points, or 0.13%, to 3,663.46 points.

The United States dollar is the official currency of the United States and its territories per the Coinage Act of 1792. One dollar is divided into 100 cents

In terms of individual stocks, chip stocks Qualcomm fell more than 7%, the news said that Apple is developing its own modem to compete with Qualcomm.

The share prices of new car manufacturers generally closed down, Weilai fell more than 7%, Ideal car fell over 3%, Xiaopeng Motors fell more than 1%; Tesla fell more than 2%.

European Market:

The major European stock indexes generally fell, and the German DAX30 index fell more than 1%. The London Stock Market “Financial Times” average price index of 100 stocks closed at 6546.75 points, down 53.01 points or 0.80% from the previous trading day.

The DAX30 index on the Frankfurt stock market in Germany closed at 13114.30 points, a decrease of 181.43 points or 1.36% from the previous trading day.

The CAC40 index of the Paris stock market in France closed at 5,507.55 points, down 42.10 points or 0.76% from the previous trading day.

Commodity Market:

International oil prices closed down slightly, and Brent crude oil hovered around $50. The New York’s January crude oil futures closed down 0.21 US dollars, or 0.45%, to 46.57 US dollars per barrel. Brent’s February crude oil futures closed down 0.28 US dollars, or 0.56%, to 49.97 US dollars per barrel.

The international price of gold closed up slightly, closing, the New York Commodity Exchange, gold futures market most actively traded February 2021 gold futures rose $ 6.2 11 than the previous day to close at 1843.6 US dollars an ounce, or 0.34%.

U.S. major technology stocks were mixed, Apple fell 0.67%, Amazon up 0.48%, Netflix rose 0.43%, Google rose 0.4%, Facebook fell 1.29%, Microsoft rose 1.3%.

Technology Stocks

Popular Chinese concept stocks were mixed, Alibaba slight decline, Jingdong up 1.1%, Baidu up 1.84%; Youke factory up 12.12%, Dada group rose 4.91%, Kingsoft Cloud rose 4.34%; Weilai Automobile fell 7.28%, Sohu down 5.83%, and Pinduoduo fell 4.33%.

Last month’s global gold ETF holdings fell by 107 tons (approximately US$6.8 billion), the first drop in the past year, and the second-highest monthly net in history outflow.

The main reason behind this may be the worst monthly performance of gold prices since November 2016 monthly decline of 6.3%.

According to data from the International Energy Agency (IEA), the daily refining capacity of the United States, Japan, Australia, and other countries totals more than 1.7 million barrels, either already offline or planning to go offline this year and next year.

At the same time, China, India, and the Middle East plan to increase refining capacity by 2.2 million barrels per day. Refineries in these areas are updated, larger in scale, and more efficient.

S&P Global Platts echoed the IEA’s estimates, saying that due to low demand, the current 1.69 million barrels/day of refining capacity will soon disappear.

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Doris Mkwaya

I am a journalist, with more than 12 years of experience as a reporter, author, editor, and journalism lecturer." I've worked as a reporter, editor and journalism lecturer, and am very enthusiastic about bringing what I've learned to this site.  

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