【 Introduction 】 Only the Nasdaq closed higher in the US stock market! A major E. coli outbreak has caused McDonald's to plummet by over 9% after hours! International gold price hits new high again
On October 22nd Eastern Time, the US presidential election entered the "sprint phase", with the three major US indices opening lower and rising, but ultimately the Dow Jones Industrial Average and S&P slightly fell, with only the Nasdaq closing higher.
A serious E. coli infection incident related to McDonald's has erupted in the United States, causing McDonald's to plummet by over 9% after hours.
Amid the uncertainty of the US presidential election and the tense situation in the Middle East, international gold prices have hit a new high!
Only the Nasdaq closed higher in the US stock market
On October 22, Eastern Time, the overall US stock market opened low and rose, but the three major indexes ultimately showed mixed gains and losses, with the Dow Jones Industrial Average and S&P slightly falling, and only the Nasdaq slightly rising.
As of the close, the Dow Jones Industrial Average fell 0.02% to 42924.89 points; The Nasdaq index rose 0.18% to 18573.13 points; The S&P 500 index fell 0.05% to 5851.20 points.
According to Hong Kong's Wande News Agency, UBS analysts pointed out in their latest research report that "no economic landing" may push the S&P 500 index to reach 6600 points next year, up about 13% from the current level; 'Economic non landing' usually refers to the economy not experiencing the expected slowdown or recession after high growth, but continuing to maintain its growth momentum. But this may also lead to ineffective control of inflation, limiting the Federal Reserve's room for interest rate cuts. On the one hand, the stock market will benefit from a strong economic performance, but on the other hand, it will also be suppressed by the rise in risk-free interest rates.
Citigroup strategists say that investors' exposure to the S&P 500 index has reached the level before last year's 10% decline. The Citigroup strategist team led by Chris Montagu stated that the long positions in futures linked to the benchmark index are at their highest level since mid-2023 and are showing an expanding trend. Strategists say, "We are not suggesting that investors start reducing their exposure, but when the market expands like this, position risk does indeed increase
Major E. coli outbreak accident
McDonald's falls more than 9% after hours
On October 22nd Eastern Time, McDonald's closed down less than 1%, but suddenly fell more than 9% after the market closed.
On the news front, the Centers for Disease Control and Prevention (CDC) in the United States stated that McDonald's Quarter Pounders burger is related to an outbreak of E. coli in the western part of the country, which has caused 49 people to become ill and 1 person to die. The institution stated that 10 people have been admitted to the hospital, including one child.
The institution stated that these patients reported having dined at McDonald's before the onset of the illness, and specifically mentioned eating "three liang" hamburgers. Subsequently, McDonald's issued a statement stating that the E. coli outbreak may be related to chopped onions; Rapid action was taken after the outbreak of Escherichia coli; Take down Quarter Pounders hamburgers in four states; All other products on the menu are not affected.
International gold price hits new high again
On October 22nd, Eastern Time, amidst the uncertainty of the US presidential election and the tense situation in the Middle East, international gold prices rose again on that day.
COMEX's December gold futures rose 0.87% to $2762.60 per ounce at the end of trading, and briefly reached a historical high of $2763.20 during trading. Currently located around $2761.40 per ounce.