Summary: Dow Tumbled 3.51%&Nbsp, NASDAQ Fell 3.25%

On Thursday morning, Beijing time, on Thursday, the US stock market plummeted, and the Dow's market plunged 528 points.

The S & P 500 index fell for fourth consecutive trading days.

Market for Europe

At 16:00 p.m. Eastern time on September 22nd (Beijing time September 23rd 04:00), the Dow Jones Industrial Average fell 391.01 points, closing at 10733.83 points, or 3.51%, while the Nasdaq composite index dropped 82.52 points, closing at 2455.67 points, or 3.25%, while the standard & Poor's 500 index fell 37.20 points, or 1129.56 points, or 3.19%.

The Dow dropped 527.7 points.

Fort Pitt Capital chief investment officer Charlie Smith (Charlie Smith) believes that "pessimism shrouded the market because investors worried that those banks operating in Europe had rumors that European banks were seeking help from the Middle East, which is like repeating some of the practices of some US banks in 2008."

Smith also pointed out that

Miller Tabak stock strategist Peter Boockvar said there were reports that the EU was developing measures to refinance the European banking system, and said that "EU officials are preparing to meet the impact of the final Greek default."

Today, the US stock market is just as bad as the global market, which is the response of investors in the statement issued by the Federal Reserve on Wednesday.

The Fed warned on Wednesday that there was downside risks to the economic outlook and announced a plan to buy long short selling bonds, which the market generally believes is insignificant to economic growth.

Federated Investors chief stock strategist Phil Orlando (Phil Orlando) believes that technical factors are also one of the reasons for today's stock market crash.

He said, "the S & P 500 index must retest the 1100 point, and it is now close to it."

Orlando also believes that the Fed used the word "serious" when describing the global economic risks, which made the market feel uneasy.

On Wednesday, the US stock market dived and the Dow fell nearly 300 points after the Fed announced the distorting operation measures as the market looked forward to.

The Fed said in a statement that events such as Europe made it "serious downside risks to the economic outlook".

Smith said, "the Fed can't spawn.

Global economic data also add to pessimism.

The initial value of HSBC's China purchasing managers' index released in September (the so-called preview PMI) shows that the level of China's economic slowdown has become wider.

In the euro area, Markit Economics reported that the initial value of the composite Purchasing Managers Index in September dropped from 50.7 to 49.2, marking the first time that the index has fallen below the 50 mark since July 2009, which means that economic activity has shrunk.

The US Labor Department announced that for the first week of September 17th, the number of people claiming unemployment benefits for the first time was 423 thousand.

According to a survey by Bloomberg, economists expect an average of 420 thousand.

A week earlier, the number of unemployed Jin people was 428 thousand.

The US economic and Trade Bureau announced that the leading economic indicators index in August increased by 0.3%.

According to a survey by Bloomberg, economists' average expectation is 0.1% higher than the annulus.

In July, the index increased by 0.5%.

Another data showed that the US housing price index rose 0.8% in August.

In the commodity futures market, gold futures (1746.10,4.40,0.25%) futures delivered in December fell 3.7% to 1741.70 dollars per ounce.

The delivery of crude oil (81.38,0.87,1.08%) futures in November fell 6.3% to $80.51 a barrel.

No surprises at the Fed meeting

Yesterday, the Fed's meeting did not bring positive news to the market, the European debt crisis did not materiality solution, and the Greek debt default was imminent, and so on, global stock market plummeted.

The Asian Pacific stock market fell sharply yesterday after being dragged down by the external stock market.

Among them, Hongkong's Hang Seng Index fell 18000 points, closing down 4.85%, Tokyo Nikkei 225 index at 8560.26 points, down 2.07%; Seoul South Korea composite index at 1800.55 points, down 2.90%; Australia's S & P 200 index 4040.25 points, or 1.01%.

First, the number of unemployed Jin is a little worse than expected. The average of 4 weeks is 2 months high.

Last week, the US government released the first report on unemployment benefits, which showed that the number of people living in the week decreased but still higher than expected. The total number of 423 thousand indicates that employment growth in the United States is still weak.

Meanwhile, the average value of the initial jobless claims hit a two month high.

The Labor Department announced that in the week ending September 17th, the number of unemployed Jin people decreased by 9 thousand to 423 thousand.

The number of people in the previous week rose from 428 thousand to 432 thousand.

According to Bloomberg survey, economists expect an average of 420 thousand of the unemployed last week.

As of September 17th, the average number of jobless claims has risen to 421 thousand in the past four weeks, the highest level in two months.

The four week mean can reduce the volatility of weekly data and better reflect the basic trend of labor market development.

An official of the labor department said the government did not find evidence that the hurricane that struck the east coast not long ago had affected the number of people who initially requested unemployment.

Euro zone PMI dropped to 49.2 in September.

Market research firm Markit Economics9 announced on June 22 that the initial value of the comprehensive purchasing managers index (PMI) in the euro area in September dropped from 50.7 in August to 49.2.

In addition, the PMI value of the manufacturing sector in the euro area decreased from 49 in August to 48.4, a new low of two years. The initial value of service industry PMI dropped from 51.5 in August to 49.1, the first time it fell below 50 in August 2009.

The three data are lower than previous market expectations.

Based on the survey conducted by more than 5000 executives in the euro area, the above data indicate that the index above 50 indicates that the activities of related industries are expanding and below 50 indicating contraction.

In the Member States, Germany's manufacturing PMI in September dropped from 50.9 in August to 50, a new low in a year, and PMI in service sector dropped from 51.1 to 50.3, a 26 month low.

In September, France's manufacturing PMI dropped from 49.1 in August to 47.3, and PMI in service industry dropped from 56.8 to 52.5.

Data show that in the context of the European debt crisis raging, the core economies of the euro area have lost their growth momentum.

HSBC China manufacturing PMI re entered its initial value in September

Yesterday, the data released by HSBC showed that the initial value of China's Manufacturing Purchasing Managers Index (PMI) was 49.4 in September, and the downward trend was picked up after an unexpected rebound in August.

In July, HSBC's Chinese manufacturing PMI fell to 49.3, the first time it fell below 50 in a year, which means China's manufacturing industry is in a state of contraction.

However, in August, HSBC's China manufacturing PMI jumped to 49.9 unexpectedly, triggering market optimism.

Hedge funds stimulate us dollar soaring

The dollar surged against the main currencies on Thursday, and the US stock market plummeted and poor manufacturing data from China and Europe forced investors to sell high-risk assets.

The US dollar index, which tracks the exchange rate of the US dollar against 6 other major currencies, rose to 78.501 points from 77.089 on Wednesday, the highest in the intraday to 78.798 points, the highest since January 18th.

Analysts point out that hedge funds are flowing into the US dollar, the US Treasury bonds and the German bond market.

"The US dollar is the biggest beneficiary of the market turmoil," said Kathleen Brooks, head of Forex.com research.

New York gold futures closed down 3.7% at $1741.70.

New York gold futures fell sharply on Thursday because of the disappointment of the Fed's swap plan announced yesterday, and the economic data from China further undermined investor confidence, prompting the US dollar to rise.

On the same day, the gold futures price of the New York Mercantile Exchange (NYMEX) delivered in December fell $66.40, or 3.7%, at $1741.70 an ounce, hitting a minimum of $1723.20 an ounce.

Crude oil futures closed down 6.3% at $80.51 a barrel.

New York crude oil futures prices fell sharply on Thursday, while other commodity futures prices also declined, because the Fed's bond swap plan was disappointing, and the market doubted whether the plan would help the recovery process of the US economy, prompting investors to turn to cash holdings.

On the same day, the New York Mercantile Exchange (NYMEX) commodity exchange (COMEX) delivered light crude oil futures in November, down 5.41 U.S. dollars, closing at $80.51 a barrel, or 6.3%, the lowest closing price in 6 weeks.

European stocks plunged and bank resources shares took the lead.

European stock markets slumped on Thursday, and banks, mining and oil shares suffered heavy losses. Investors were disappointed by the Fed's long debt short selling plan. The latest economic data show that the private sector in the euro zone is stagnant.

Pan European Dow Jones Stoxx 600 index fell 4.6%, closing at 214.89 points.

The French CAC 40 index fell 5.3%, closing at 2781.68 points.

The FTSE 100 index fell 4.7%, closing at 5041.61 points.

The German DAX 30 index fell 5%, closing at 5164.21 points.

The Italy financial times MIB index fell 4.5%.

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