Data poor oil prices fall refers to afternoon pressure
US stocks five poor, six material is not absolute, marked in May rose about 1%, the Nasdaq rose more than 2%, thanks to the rise in netting stocks, the major network shares this year rose about 3 percent.
Amazon shares break through the $ 1,000 mark on Tuesday, the analysis that there is still 1 percent rise in space, but friends believe that the anti-alarm, the callback is approaching.
Rely on the network shares to promote US stocks in May
The United States yesterday announced April to be completed housing sales fell 1.3%, 0.5% higher than expected, also fell 0.8% in March after the second consecutive month fell. The property market was poor, with pressure on oil and banking stocks, and the Dow had fallen 86 points. Today, at 0:00 pm (2 hours and 30 minutes after opening), 31 points lower at 20,997 points; the index fell 5 points to 2407 point. Nasdaq hit the new high 6221 points after the softened, down 14 points, at 6188 points.
The market worried about the oversupply of crude oil, dragged down oil prices fell, crude oil stocks to become another culprit. New York and London Brent futures were up 3.9% and 47.73 and $ 49.81.
The stock market has always been “five poor six absolutely seven” argument, that is, the stock market in June or into a desperate situation, but the experts said the US stock market this year may not be the case. Kate Moore, chief equity strategist at BlackRock, said that if corporate earnings did not rise significantly, the quarterly economic performance was slightly the first quarter, the public tired of political and market fatigue, or led to the stock market this summer.
In addition, Amazon (Amazon) shares on Tuesday broke through the $ 1,000 mark, yesterday afternoon slightly take. Bloomberg, a comprehensive analyst, predicts that Amazon’s target price for the year is $ 1,103.79, potentially up 10%.
Friends: Amazon broke the anti-siren
Tim Ghriskey, director of investment for Solaris Asset Management, said the global start to understand that the Amazon business model is unstoppable, for any stock, the $ 1,000 mark is a psychological barrier, but in fact only a number, still believe that the stock price Can break through psychological barriers. This year, Amazon shares rose 32%, the performance of other heavyweight stocks. During the period, Apple and Facebook rose nearly 32%, Google parent company Alphabet rose 24%, Microsoft rose 13%.
CNBC presided over Jim Cramer (Jim Cramer) is that the Amazon stock price break is a siren. He made in the 1970s, there have been some of the stock was collectively referred to as Nifty Fifty, that is, the stock performance in the far better than the basic conditions, the final price decline, offset the increase in losses for investors.