The Nasdaq opened higher, the Dow fell more than 100 points! Ruixing rose more than 6%, rebounding strongly

As of the opening, the Dow fell 131.12 points to 25269.52 points, a decrease of 0.52%; the Nasdaq rose 11.33 points to 9380.32 points, an increase of 0.12%;
S & P 500
The index fell 8.72 points to 3021.01 points, a decrease of 0.29%.
Ruixing Coffee
It rose 6.3%, after plunging more than 20% the previous day.
European stocks fell, the European Stoxx 600 index fell 0.8%. As of the close,
Shanghai Composite Index
It rose 0.22%, and the Shenzhen Component Index rose 0.87%.
Nikkei 225
The index fell 0.18%, Seoul, South Korea
composite index
Rose 0.05%.
Oil prices are lower because US crude oil demand is still weak. WTI crude oil futures fell 1.6% to $ 33.18 per barrel. Brent crude oil futures fell 1.7% to $ 35.41 per barrel.
Risk aversion increased and gold surged. US COMEX gold futures rose 0.7% to $ 1725.55 per ounce. The dollar index fell 0.2% to 98.16 points.
U.S. consumer spending plummets, government distributes relief money to boost personal income
Consumer spending, which accounts for about two-thirds of the U.S. economy, recorded its biggest decline in April, mainly because of the coronavirus pandemic that caused all shopping activities except for the most basic goods and services to stall.
Data released on Friday showed that personal consumption expenditure fell by 13.6% month-on-month in April, the largest decline since the US Department of Commerce data traced back to 1959. Economists surveyed by Bloomberg had previously predicted a median drop of 12.8%.
The report said that due to the distribution of federal economic recovery payments, personal income increased by 10.5% in April, economists had expected a decline.
U.S. first-time jobless claims continue to fall but remain high
According to the latest statistics of the new crown epidemic situation released by Johns Hopkins University in the United States, as of 5:32 on May 29, Beijing time, the cumulative number of confirmed cases of new coronary pneumonia in the world has reached 5,675,094 cases, and the cumulative number of deaths was 358,369. Among them, the number of confirmed cases of new coronary pneumonia in the United States reached 1,717,756, and the cumulative death cases reached 101,470, ranking first in the world.
The data released by the US Department of Labor on the 28th showed that the number of people applying for unemployment relief in the United States for the first time last week was 2.123 million, which fell for the eighth consecutive week, but it was still at a record high.
The Ministry of Labor also raised the data for the week ending May 16 by 8,000 to 2.446 million. According to the adjusted data, in the week ending May 23, the number of first-time jobless claims in the United States fell by 323,000. In the past ten weeks, the number of first-time jobless claims in the United States has exceeded 41 million. The data also shows that in the week ending May 16, the number of people applying for unemployment benefits nationwide was 21.052 million, a decrease of 3.86 million from the previous month.
Analysts believe that the continuous decline in the number of first-time jobless claims in the United States is mainly due to the successive restart of the economy in some states, and some companies re-employed employees who were temporarily laid off due to the new crown epidemic. However, the large-scale layoffs for several months will still have subsequent adverse effects on the US job market.
The White House postponed the release of mid-year economic forecasts, US media: worried about the bleak data affect the election
Recently, the White House decided to break the practice of decades, instead of releasing the mid-year economic forecast on schedule this summer, and postpone the release time. The US media pointed out that this shows that the White House is worried that the dismal economy under the impact of the new coronary pneumonia epidemic will affect the November election.
According to the Associated Press (AP) report on the 28th, an unnamed senior US government official confirmed that the White House will not release mid-year economic forecasts this summer. The official believes that the reason for not releasing mid-year economic forecasts is because this year ’s potential There is great uncertainty in the economic data of China, and it cannot convey meaningful information about the economic recovery.
According to data released by the US Department of Commerce on the 28th, the revised value of the annualized annualized real GDP rate for the first quarter of the United States was revised from -4.8% to -5%. In the last week alone, the United States added at least 2.1 million unemployed people, which means that since mid-March economic activity in the United States was suspended due to the epidemic blockade, 41 million Americans have applied for unemployment benefits. The Associated Press quoted an anonymous government official as saying that although the White House delayed the release of the mid-year economic forecast, the latest information on the state ’s budget situation will still be released this summer as originally planned.
US stocks