The epidemic was fierce and US stocks opened slightly lower! Ruixing plunged by more than 30%, withdrawing hearing application

As of the opening, the Dow fell 194.38 points to 25551.22 points, a decrease of 0.76%; the Nasdaq fell 21.88 points to 9995.12 points, a decrease of 0.22%;
S&P 500
The index fell 14.2 points to 3069.56 points, a decrease of 0.46%.
Oil prices fell as the surge in new global crown cases hit demand prospects. WTI crude oil futures fell 0.3% to $38.61 per barrel. Brent crude oil futures fell 0.4% to $40.88 per barrel.
The price of gold is close to an eight-year high, and the stock market has fallen due to a surge in new crown cases worldwide. US COMEX gold futures fell 0.1% to $1768.35 per ounce. The US dollar index fell 0.01% to 97.42.
The United States added 45,000 cases in a single day, and many states suspended further economic plans
According to the global new coronary pneumonia data released by Johns Hopkins University, as of June 26, Beijing time at 6:34 (Eastern time June 24, 18:34), the cumulative number of newly diagnosed cases in the United States was 2,416,727. A total of 122,550 deaths were reported. According to data from the system, from 5:00 on June 25 to 6:00 on Beijing on June 25, 45,305 newly confirmed cases and 704 new deaths were added in the United States.
Since June 15, the US epidemic has continued to rebound, and the number of new cases on the 23rd and 25th even hit a new high since the outbreak. Although the number of new infections in early epidemic centers such as New York State is steadily declining, several large population states in the southern and western United States have recently set new records for diagnosis, and the second wave of the new crown epidemic has become an established fact.
On the 25th, Texas announced a suspension of further economic restart plans. Governor Abbott said that all intensive care beds in the Houston area of ​​Texas have been used up. The suspension is to stop the spread of the epidemic until it can safely enter the next stage. Also on the 25th, California Governor Newsom said that in the past two weeks, the number of hospitalizations for new coronary pneumonia in California has increased by 32%. He said that if the number of patients begins to put pressure on beds in hospitals, especially in intensive care units. Arizona Governor Dusi said that at the current rate of infection, the intensive care unit of the state hospital will soon be overwhelmed. Because of the epidemic, plans to further restart the economy were suspended.
Robert Redfield, director of the US Centers for Disease Control and Prevention, said on the 25th that based on antibody test results, the actual number of people infected with the new coronavirus in the United States may exceed 20 million. Redfield said at a media conference call that the actual number of people infected with the new coronavirus accounts for about 5% to 8% of the total US population. The epidemic is far from over, and the most effective protective measure is to maintain social distance. He called on the public to follow relevant prevention and control measures.
Fed restricts banks from paying dividends and prohibits third-quarter stock repurchase
The results of the bank stress test released by the Federal Reserve on the 25th showed that the new crown epidemic had a varying degree of impact on large banks. A few banks may face the potential risk of insufficient capital. Therefore, the Fed requires large banks to suspend stock repurchases and limit dividends in the third quarter Actions such as payment ensure its capital is sufficient.
The Federal Reserve issued a statement that day, adding a sensitivity analysis for the new crown epidemic in this stress test, incorporating three economic downside risk paths into the simulated scenario, including a “V” trend that recovers quickly at the end of the year and a “U” trend that recovers slowly. After the short-term recovery, the “W” double-dip recession trend again fell sharply.
The test results show that under the three scenarios of sensitivity analysis, the overall Tier 1 general capital adequacy ratio of 34 large banks will fall from 12% in the fourth quarter of 2019 to 9.5% to 7.7%, but it is still higher than the Fed’s The lower limit of 4.5%. In the case of “U” and “W”, most banks still maintain sufficient capital, but several banks will approach the minimum capital level.
In view of this, the Fed will take a number of actions to ensure that large banks can remain resilient under the economic uncertainty caused by the new crown epidemic, including requiring large banks to retain in the third quarter of this year by suspending share repurchases and limiting dividend payments. Capital, and resubmit and update the capital plan later this year.
The Fed began stress testing of large financial institutions in 2009 to ensure that financial institutions face adverse conditions such as economic recession