On Wednesday (23rd), Fed officials released hawkish talks one after another, prompting Dow Jones and S&P to turn red and black. Under the leadership of Tesla, the Nasdaq continued yesterday’s gains and set a new record high.
The Fed’s overnight buyback operation (ON RRP) reached US$813.6 billion, a record high, and the first transaction size exceeded US$800 billion.
Fed Chairman Ball reiterated in a congressional hearing on Tuesday that the Fed does not intend to preemptively raise interest rates on the grounds of fear of high inflation in the future, but on Wednesday Fed officials released a series of hawkish remarks, which caused anxiety on Wall Street.
Raphael Bostic, chief executive of the Atlanta branch of the Federal Reserve Bank, is expected to implement a taper reduction (Taper) plan in a few months, and predicts that the Fed will raise interest rates before the end of 2022. The President of the Dallas Federal Reserve Bank (Robert Kaplan) also expects to raise interest rates in 2022, calling for an earlier start to reduce the quantitative easing program.
In terms of geopolitical news, it is rumored that US Secretary of State Blincoln and Chinese Foreign Minister Wang Yi will hold talks at the G20 summit, but they were denied by officials of the US State Department on Wednesday.
The US Department of Commerce once again issued a trade blacklist against China on the grounds of violating the human rights of ethnic minorities in Xinjiang, mainly targeting five Chinese companies including solar panel production.
The U.S. International Trade Commission (ITC) announced on Wednesday that it has issued anti-dumping and countervailing duty orders on tires imported from Taiwan, South Korea, Thailand and Vietnam.
In response to the development of the new crown pneumonia (COVID-19) epidemic, before the deadline, according to real-time statistics from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 179 million, and the number of deaths has exceeded 3.88 million. The number of confirmed cases in the United States has been accumulated. There were more than 33.57 million cases and the cumulative number of deaths exceeded 602,000. A total of more than 30.02 million cases have been confirmed in India and 18.05 million cases have been confirmed in Brazil.
The performance of the four major US stock indexes on Wednesday (23rd):
- The US stock Dow Jones index fell 71.34 points, or 0.21%, to close at 33,874.24 points.
- The S&P 500 index fell 4.60 points, or 0.11%, to close at 4,241.84 points.
- The Nasdaq index rose 18.5 points, or 0.13%, to close at 14,271.7 points.
- The Philadelphia Semiconductor Index rose 11.79 points, or 0.37%, to close at 3,197.22 points.
Only three of the 11 S&P sectors closed in red, led by consumer discretionary, finance and energy, while utilities, materials and consumer staples led the decline.
The figures are updated before the deadline, please follow the actual quotation