On Friday, December 29th Eastern Time, the last trading day of the year for US stock markets saw a slight decline, but the three major indexes recorded their ninth consecutive week of gains. Former US Treasury Secretary Summers stated that investors may have underestimated the risk of inflation.
Tesla is in the final stage of negotiations with the Indian government, and Musk is expected to announce the establishment of Tesla India in January 2024.
Boeing has discovered defects in the 737 MAX rudder connecting rod bolts, which pose a risk of loosening and detachment. It is recommended that all airlines inspect them.
This year, crude oil futures prices have fallen by over 10%, marking the first annual decline since 2020.
The three major US stock indexes recorded an average annual increase in 2023
The last trading day of the US stock market in 2023 has ended, and as of Friday's close, the Dow Jones Industrial Average fell 0.05% to 37689.54 points; The S&P 500 index fell 0.28% to 4769.83 points; The Nasdaq fell 0.56% to close at 15011.35 points.
This week, the Dow Jones Industrial Average rose 0.81% and the Nasdaq rose 0.12%, both setting records for the longest consecutive weekly gains since 2019. The S&P 500 index rose 0.32%, setting a record for the longest weekly consecutive gains since 2004.
In December, the Dow Jones Industrial Average rose 4.84%, the Nasdaq rose 5.52%, and the S&P 500 index rose 4.42%.
Looking back at 2023, the Dow Jones Industrial Average rose 13.7% and the S&P 500 index rose 24.2%. Driven by concept hot stocks such as technology stocks and artificial intelligence, the Nasdaq Composite Index performed better than the overall market, rising by 43.4%, recording its largest annual increase since 2003.
Former US Treasury Secretary Lawrence Summers has stated that as the market rapidly shifts towards the direction of expected Federal Reserve policy easing, investors may have underestimated the risk of inflation.
"I think the market may have underestimated a risk: our progress in inflation may not be as big as people hope, so the Federal Reserve's easing space may not be as big as they hope," said Summers.
Musk is expected to launch Tesla India in January next year
Technology stocks mostly fell, with Wanda's TAMAMA Technology Index falling 0.5%, Tesla falling 1.86%, Facebook falling 1.22%, Apple falling 0.54%, Amazon falling 0.94%, Netflix falling 0.74%, Google falling 0.39%, and Microsoft rising 0.2%.
According to Hong Kong's Wanda News Agency, Elon Musk is expected to announce the launch of Tesla India at the Gujarat Summit in Gandhi Nagar in January 2024. Tesla and Musk are in the final stage of negotiations with the Indian government regarding land for the construction of a factory, which may be located in Gujarat.
Aviation stocks generally fell
Boeing discovers defects in 737 MAX
Aviation stocks generally fell, with Boeing up 0.15%, American Airlines down 1.72%, Delta Air Lines down 0.96%, Southwest Airlines down 1.73%, and United Airlines down 1.69%.
Boeing has discovered defects in the 737 MAX rudder connecting rod bolts, which pose a risk of looseness and detachment. Boeing recommends that all airlines inspect them.
The Federal Aviation Administration (FAA) of the United States has stated that it is closely monitoring targeted inspections of Boeing 737 MAX aircraft to identify potential bolt looseness in the rudder control system. After consulting with the Federal Aviation Administration of the United States, Boeing has urged operators of the new single aisle aircraft to inspect the hardware that controls the specific lever for rudder movement for potential looseness.
Crude oil futures have fallen by over 10% this year
Crude oil futures prices closed slightly lower on Friday, with WTI and Brent crude oil futures falling more than 10% in 2023 due to market concerns that record crude oil production from countries outside the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may lead to oversupply in the market.
The futures price of West Texas Intermediate Crude Oil (WTI) for February delivery closed down $0.12, a decrease of 0.17%, at $71.65 per barrel.
According to the most active contract calculation, WTI crude oil futures have accumulated a decline of over 10.7% in 2023.
The Brent crude oil futures for delivery in March fell 11 cents, a decrease of 0.14%, to close at $77.04 per barrel.
According to the most active contract calculation, Brent crude oil futures have accumulated a decline of over 10.3% in 2023.
Popular Chinese concept stocks generally rise
Popular Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index rising 1.22% and falling 3.39% throughout the year, marking the third consecutive year of decline. Shuodi Biotechnology rose 10.31%, Haomei rose 6.95%, Douyu rose 6.55%, Shanda Technology rose 4.43%, NetEase rose 4.32%, Wuxin Technology rose 4.05%, Huya Live rose 3.97%, New Oriental rose 3.71%, and Tencent Music rose 3.15%.
In terms of decline, Jianan Technology fell 17.79% and Shengmei Semiconductor fell 2.1%.
The stock of Zhonggai New Energy Vehicles fluctuated, with NIO Automobile falling 3.87%, Xiaopeng Automobile rising 2.16%, and Ideal Automobile rising 1.63%.
转播
