Pre-market for U.S. stocks: The three major futures collectively fell, and some Chinese stocks rose sharply before the market
News from the Financial Associated Press on March 1 (edited by Xia Junxiong)Before the market on Wednesday, the three major stock index futures collectively fell. As of press time, the S&P 500 futures fell 0.15%, the Dow futures fell 0.16%, and the Nasdaq 100 futures fell 0.06%.
(Source: Yingwei Finance) The three major US stock indexes all recorded declines in February. The Dow fell by 4.19% in February, while the S&P 500 and Nasdaq fell by 2.61% and 1.11% respectively.
“Markets are still largely driven by inflation and interest rate expectations,” said Ben Jones, head of macro investment at Invesco. “We’re seeing inflation coming down, but it’s doing it in a bumpy way. I think we’re going to see that. If this situation persists, it means the Fed will continue to raise interest rates.”
Some Chinese concept stocks rose sharply before the market. As of press time, Bilibili rose nearly 8%, Pinduoduo rose nearly 5%, JD.com rose 4%, Ideal Auto rose regarding 4%, Baidu rose nearly 6%, and Alibaba rose more than 5%. 5%.
Market Dynamics
On the previous trading day, the three major indexes closed down collectively to mark the end of February. As of the close, the Dow fell 0.71% to 32,656.70 points; the S&P 500 fell 0.30% to 3,970.15 points; the Nasdaq fell 0.10% to 11,455.54 points.
The European markets that are being traded generally rose. As of press time, the British FTSE 100 index rose 0.67%, the French CAC40 index rose 0.29%, and the German DAX30 index rose 0.25%.
(Source: Yingwei Caiqing)
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Noteworthy events in the US stock market time period (Beijing time)
March 1st
22:45 U.S. February Markit manufacturing PMI final value
23:00 U.S. February ISM manufacturing PMI, U.S. January construction spending monthly rate
23:30 EIA crude oil inventory in the United States until the week of February 24, EIA strategic oil reserve inventory in the United States until the week of February 24
March 2
05:00 Tesla Investor Day 2023