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Late night storm! Tesla's stock price "flash crash" nearly a third! What happened?

author:Globe.com

Source: CCTV Finance

The three major U.S. stock indexes rose and fell on the 8th, and the trend differentiation was obvious. Among them, the Dow, which accounts for a relatively large proportion of traditional industries, closed up 0.97%, hitting a record high in the session, while the NASDAQ, which is dominated by technology stocks, fell 2.41%.

Economic recovery stocks are rising disneyland will reopen theme parks

On Saturday, the U.S. Senate approved the $1.9 trillion fiscal bailout package proposed by U.S. President Joe Biden, which excited the market, and a large amount of money poured into economic recovery concept stocks, including financial, restaurant and tourism stocks, which rose significantly. Shares of Dow constituent Disney surged 6.3 percent, and new rules by California health officials allow Disneyland and other theme parks to reopen as early as April 1.

U.S. stocks fell in technology Stocks Tesla shares pulled back nearly a third

Tech blue-chip stocks like Apple, Facebook and Tesla have tumbled 3.4 to 5.8 percent, and Tesla shares have fallen nearly a third from an all-time high of $900 in January, marking the third time in a year that Tesla shares have pulled back so sharply. Separately, the prospect of economic recovery added to inflation concerns, with the 10-year Treasury yield rising below 1.6 percent on Monday to a nearly 13-month high, further weighing on technology and growth stocks.

Improved outlook for the European economy Investors favor recovery-themed stocks

Europe's three largest stocks closed up on Monday, with London and Paris closing up 1.34 percent and 2.08 percent, respectively, and Frankfurt surging 3.31 percent, a record closing high. With the COVID-19 pandemic easing, schools in the UK all opened on Monday, and Germany's manufacturing confidence index improved for the third consecutive month in February. The news reinforced expectations of a recovery in Europe, with bank stocks jumping 3.73 percent to a one-year high, while auto and insurance stocks also rose about 3 percent.

International oil prices rushed higher and fell Gold prices closed lower

Crude prices fell significantly on Monday, with U.S. WTI light crude futures for April delivery closing at $65.05 a barrel and Brent futures for May delivery closing at $68.24 a barrel after the heart of Saudi Arabia's oil industry was hit, with oil prices briefly breaking through $70 a barrel during the session. There were reports that the attack caused no casualties or property damage, and oil prices gradually retreated with the news.

Gold prices fell to a nine-month low on Monday, with gold futures for April delivery closing at $1,678 an ounce. Rising U.S. Treasury yields and the dollar index prompted a sell-off in unprofitable gold.

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