Tesla leads the fall! The auto giant's stock price has risen by more than 11%! The market capitalization surpasses that of General Motors

On Tuesday, local time, the market bet that the current round of the epidemic in the United States will soon peak, believing that the epidemic will not change the fed's interest rate hike path this year, the US Treasury yield continues to rise, suppressing the performance of high-growth stocks in the stock market, and the trend of the three major US stock indexes is differentiated. The Dow hit a new closing high for the second consecutive day, and the S&P 500 and NASDAQ were dragged down by technology stocks. By the close, the Dow was up 0.59 percent, the S&P 500 was down 0.06 percent and the NASDAQ was down 1.33 percent.

Economic recovery-related stocks generally rose Technology stocks led the decline

Relief of market concerns about the pandemic drove recovery-related stocks to generally rally on Monday, with the energy and industrial sectors leading the gains. Occidental Petroleum (OXY. US) and oil services giant Halliburton both rose more than 6 percent. Ford doubled its annual production target for its new electric pickup trucks to 150,000 units and reopened its reservation service for new models, sending its stock up 11.7 percent, giving the company a market value that surpassed GM.10 percent. The climb in the 10-year Treasury yield boosted financial stock performance, with Morgan Stanley, a major Wall Street investment bank, up about 4 percent; while technology stocks were heavily suppressed, with leading tech stocks falling across the board, followed by Tesla, whichse stock price rose sharply the day, leading the decline and closing down 4.2 percent.

The number of U.S. resignations in November 2021 was record

The Labor Department's report released Tuesday showed a record 4.5 million U.S. resignations in November 2021, indicating continued tightening of supply in the labor market. The report also shows that the number of job vacancies, although slightly lower than the previous month, is still much higher than the pre-pandemic level. Data released by the American Institute for Supply Management on the same day showed that the U.S. manufacturing purchasing managers' index fell short of expectations last December, at 58.7. The analysis believes that the decline in the index may indicate that the supply bottleneck will improve and the cost pressure of the manufacturing industry is easing.

Europe's three major stock markets collectively closed higher In Europe, the Pan-European stock index reached a new high

In the European market, the strong rise in the tourism, financial and auto sectors led to the closing of multinational stocks, the pan-European Stoxx 600 index hit a new closing high, and the three major European stock markets rose significantly on Tuesday. By the close, U.K. stocks were up 1.63 percent, French stocks were up 1.39 percent and German stocks were up 0.82 percent.

OPEC + maintain production increase plan on the 4th international oil prices rose

In terms of the crude oil market, the OPEC+ ministerial meeting maintained its previous production increase plans and said that the global crude oil supply glut in January this year was not as serious as previously expected. Boosted by the news, international oil prices closed higher on Tuesday. As of the close, new York light crude futures for February delivery closed at $76.99 a barrel, up 1.20 percent; Brent crude futures for March delivery in London, up 1.29 percent, settled at $80.00 a barrel.

Source: CCTV Finance (ID:cctvyscj)

Producer: Ke Chengyun

Reporter: Gao Yan

Editor of this article: Zhang Yifei

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