ADP report is strong, US stocks opened slightly higher! Ruixing soared more than 23% in the OTC market

As of the opening, the Dow rose 65.41 points to 25878.29 points, an increase of 0.25%; the Nasdaq rose 4.21 points to 10062.98 points, an increase of 0.04%,
The stock price rose by nearly 2%, reaching a new high of over $1100;
S&P 500
The index rose 5.04 points to 3105.33 points, an increase of 0.16%.
European stocks generally moved higher, with the European Stoxx 600 index rising 0.5%. As of the close,
Shanghai Composite Index
Up 1.38%,
Shenzhen Stock Index
Rose 1.01%.
Nikkei 225
Index fell 0.75%, Seoul, South Korea
composite index
Fell 0.08%.
Oil prices rose more than 1% due to a sharp decline in US crude oil inventories. WTI crude oil futures rose 1.4% to $39.80 per barrel. Brent crude oil futures rose 1.3% to $41.81 per barrel.
The price of gold hovered near an 8-year high, as the U.S. epidemic continued to worsen, driving risk aversion. US COMEX gold futures fell 0.7% to $1787.75 per ounce. The US dollar index fell 0.01% to 97.38.
US ADP employment increased by 2.369 million in June, far below expectations
ADP employment in the United States increased by 2.369 million in June, the largest increase in history, and is expected to increase by 2.9 million. In May, ADP employment decreased by 2.76 million and was revised up to an increase of 3.065 million.
Vice President of ADP Employment Data Corporation: As the economy continues to recover slowly, we have seen a significant rebound in the industries where unemployment was most severe. In fact, 70% of the new jobs created this month came from leisure, hotel, trade and construction.
The ADP private sector employment report preceded the Bureau of Labor Statistics report released on Thursday, and the report faced the general environment that the unemployment rate caused by the new crown epidemic reached the highest level in history. Although the ADP report is not always a reliable indicator of what the U.S. Bureau of Labor Statistics reports, it can still provide insight into the current state of employment in the United States.
More than 59,000 newly diagnosed cases in a single day Foch: US may increase 100,000 cases per day
According to the People’s Daily Overseas News, the epidemic data released by Johns Hopkins University in the United States showed that as of 6:30 on July 1, Beijing time, a total of 2623217 cases of new coronary pneumonia were diagnosed in the United States, and a total of 127258 deaths. Compared with the data at 6:30 the previous day, 59,054 new cases were confirmed in the United States, which was the largest increase in a single day; there were 1,330 new deaths.
Anthony Fudge, an important member of the White House Coronavirus Response Working Group and director of the National Institute of Allergy and Infectious Diseases, said on June 30 that if the current situation of the new crown epidemic in the United States is not reversed, the United States will likely increase by 100,000 per day Case.
Foch said at the hearing of the US Senate Health, Education, Labor and Pension Committee that day, it is clear that the United States has not completely controlled the new crown epidemic, and its development trend is “very worrying”. There are currently more than 40,000 new cases per day. If the situation cannot be reversed, there may be 100,000 new cases per day.
In view of the continued surge in new cases, at least 17 states in the United States are currently suspended from restarting their economic plans.
Fed Chairman warns of “highly uncertain” outlook for US economic recovery
US Federal Reserve Chairman Powell said on June 30 that the prospect of US economic recovery is “highly uncertain” and will largely depend on the control of the new crown epidemic and the policy support provided by the government when necessary.
When Powell attended the hearing of the Financial Services Committee of the US House of Representatives that day, he said that despite the economic reopening, the recently released economic data are showing positive signs. But overall, output and employment are still far below pre-epidemic levels, and the outlook for economic recovery is “highly uncertain.”
Powell reiterated that controlling the epidemic is critical to economic recovery, and it is unlikely that the U.S. economy will fully recover until people are convinced of the safety of re-engaging in a wide range of activities. However, the infection rate of the new coronavirus in the United States has soared again recently, and some regions have regained the necessary blockade measures. There are signs that the epidemic in the United States may last longer than expected, bringing new challenges to economic recovery.
Powell also warned that in order to ensure continued economic recovery, any form of economic stimulus measures cannot be stopped prematurely.
Where will the US stock market go?
Goldman Sachs said that if the US Treasury