US Stock Market: All three major US stock indexes closed higher on October 20. At the close, the Dow Jones Industrial Average rose 515.97 points to 46,706.58, a gain of 1.12%; the S&P 500... The S&P 500 index rose 71.12 points to close at 6735.13, a gain of 1.07%; the Nasdaq ... The composite index rose 310.57 points to close at 22,990.54, a gain of 1.37%.
Major tech stocks rose across the board, with Apple among them. Netflix rose nearly 4%, hitting a new all-time high; AMD rose over 3%, hitting a new all- time high; Intel rose more than 3%. Meta, Micron Technology Tesla shares rose more than 2%. Google, Amazon Microsoft rose more than 1%. Slight increase; Nvidia Slight decline.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up 2.39%. iQiyi... NIO shares rose more than 8%. Kingsoft Cloud rose nearly 5%. Alibaba rose more than 4%. Bilibili rose nearly 4%. Baidu It rose nearly 2%.
European stock markets: All three major European stock indices rose on October 20. The FTSE 100 index in London closed at 9403.57 points, up 49.0 points, or 0.52%, from the previous trading day; the CAC 40 index in Paris closed at 8206.07 points, up 31.87 points, or 0.39%, from the previous trading day; and the DAX index in Frankfurt closed at 24258.8 points, up 427.81 points, or 1.8%, from the previous trading day.
Commodity Markets: International oil prices fell on October 20. At the close of trading that day, the settlement price of the current month's WTI crude oil futures contract on the New York Mercantile Exchange fell $0.13 to settle at $57.02 per barrel, a decrease of 0.23%; the settlement price of the current month's Brent crude oil futures contract on the London ICE Futures Exchange fell $0.28 to settle at $61.01 per barrel, a decrease of 0.46%. International gold prices surged, hitting a new record high. The settlement price of the current month's COMEX gold futures contract rose $146.10, an increase of 3.47%, to settle at $4359.4 per ounce.
Overnight news
The sleeping giant awakens! Apple's stock price surges to a new high, and strong iPhone sales dispel the gloom.
On Monday (October 20), Apple 's stock price rose more than 4% during trading in the U.S. stock market, reaching a high of $263.59 per share, a new all-time high, and the company's total market capitalization also exceeded the $3.9 trillion mark. With today's gains, Apple's year-to-date stock price has expanded to around 5.5%. For most of the year, Apple has been one of the worst-performing components of the S&P 500 index, with its stock price falling by about 31% from the beginning of the year in April.
White House economic advisor: Government shutdown may end this week
White House chief economic advisor Kevin Hassett said on Monday that the US government shutdown crisis "is very likely to end this week." However, he also warned that if the deadlock remains unbroken, the Trump administration may take "tougher measures" to force Democrats to compromise.
The EU has agreed to gradually phase out natural gas imports from Russia.
According to CCTV News, the European Council stated on the 20th that EU member states support a phased cessation of imports of Russian natural gas by January 2028. The EU Energy Ministers approved the proposal at a Council meeting in Luxembourg that day. The proposal would prohibit EU members from signing new gas import contracts with Russia from January 1, 2026; however, it would also allow a transition period for existing contracts, with short-term contracts continuing until June 17, 2026, and long-term contracts terminating before January 1, 2028. The proposal still needs approval from the European Parliament.
"Sister Wood" strongly supports Musk's exorbitant compensation plan: It will be approved by an overwhelming majority.
Cathie Wood, founder of Ark Investment and affectionately known as "Sister Wood," said that despite opposition from consulting firms, Tesla CEO Elon Musk's $1 trillion compensation package will still be passed "by an overwhelming margin."
SpaceX accused of falling behind in lunar landing progress; NASA to restart contract bidding.
On Monday (October 20) local time, U.S. Transportation Secretary Sean Duffy stated that he would reopen contracts to other companies to allow them to participate, given that SpaceX, Elon Musk's company, is behind schedule in its Artemis lunar landing program. Duffy, currently serving as acting administrator at NASA, said in an interview on Monday, "We're not going to wait for just one company's progress. We're going to push the project forward, win the second space race, return to the moon, and establish camps and bases."
Hungarian Foreign Minister: We will take legal measures to block the EU's proposal to ban Russian energy imports.
Hungarian Foreign Minister Szijjártó stated in Luxembourg on the 20th that Hungary will employ all political and legal means to prevent the EU from passing the "Renewable Energy EU" (REPowerEU) proposal, which aims to ban Russian energy imports. This comes after the European Council reached a negotiating position on a draft regulation to gradually phase out Russian natural gas imports.
A hawkish board member of the Bank of Japan strongly supports interest rate hikes, emphasizing that a new normal in prices has already taken shape.
Bank of Japan board member Hajime Takata recently stated that now is the right time for the bank to raise its policy rate. Speaking to business leaders at a conference on Monday (October 20), Takata said, "I believe now is the best time to raise the policy rate. Japan's long-term 'low inflation normality' has subsided, and the price stability target has been almost achieved."
Disclaimer: This article is generated by AI and is for reference only. It does not constitute any investment advice, and any actions taken based on it are at your own risk.
(Article source: Eastmoney) Research Center
