Under the stock rotation, technology stocks abdicated, vaccine stocks performed poorly, blockchain stocks fell due to Bitcoin damage, airline cruise stocks rebounded, S&P hit a new intraday high on Tuesday (28th) and closed slightly , Dow Jones rose by nearly a hundred points, closing the red for the fifth consecutive trading day.
According to the new model, the Centers for Disease Control and Prevention (CDC) greatly revised the proportion of Omicron to 58.6%, but still warned that the infection rate of Omicron is steadily increasing. At the same time, it updated the quarantine regulations for COVID-19 patients from the previous 10 days to 5 days , It also shortens the isolation days for those who have close contact with the patient.
White House chief epidemic prevention expert Anthony Fauci said that the CDC’s guidelines for reducing COVID-19 isolation time will allow people to return to work.
In terms of epidemic news, before the deadline, data from Johns Hopkins University in the United States pointed out that the number of confirmed cases worldwide has exceeded 282 million, and the number of deaths has exceeded 5.41 million. More than 9.04 billion doses of vaccines have been vaccinated in 184 countries/regions around the world.
Tuesday (28th) the performance of the four major US stock indexes:
- The Dow Jones Index rose 95.83 points, or 0.26%, to close at 36,398.21 points.
- The Nasdaq Index fell 89.54 points, or 0.56%, to close at 15,781.72 points.
- The S&P 500 Index fell 4.84 points, or 0.1%, to close at 4,786.35 points.
- The Philadelphia Semiconductor Index fell 47.3 points, or 1.17%, to close at 3,992.2 points.
Focus stocks
The five kings of science and technology are on the rise and fall. Apple (AAPL-US) fell 0.58%; Meta (formerly Facebook) (FB-US) rose 0.012%; Alphabet (GOOGL-US) fell 0.82%; Amazon (AMZN-US) rose 0.58%; Microsoft (MSFT-US) ) Fell 0.35%.
Dow Jones constituent stocks closed higher. Disney (DIS-US) rose 1.57%; Boeing (BA-US) rose 1.46%; Walmart (WMTUS) rose 1.44%; Walgreens and Boots (WBA-US) rose 1.38%; Salesforce (CRM-US) fell 1.1%.
Fei’s semi-constituent stocks fell sadly. AMD (AMD-US) fell 0.78%; Micron (MU-US) fell 1.58%; NVIDIA (NVDA-US) fell 2.01%; Applied Materials (AMAT-US) fell 1.89%; Qualcomm (QCOM-US) fell 0.81% ; Intel (INTC-US) fell 0.35%.
ADR of Taiwan stocks fell collectively. TSMC ADR (TSM-US) fell 0.52%; ASE ADR (ASX-US) fell 0.13%; UMC ADR (UMC-US) fell 1.02%; Chunghwa Telecom ADR (CHT-US) fell 0.09%.
Corporate News
Apple (AAPL-US) has fallen from yesterday’s historical high and closed 0.58% to $179.29 per share, showing that its market value is still owing to the 3 trillion dollar mark. New crown infection cases have surged, and Apple has closed all seven retail stores in New York City.
Boeing (BA-US) rose 1.46% to $206.13 per share. Following Ethiopia’s announcement on Monday to lift the flight ban on Boeing 737 MAX passenger jets, Indonesia became the most paid country on Tuesday to announce that it would allow Boeing to resume flights.
Ford (F-US) fell 0.19% to US$20.76 per share, with a market value of US$82.962 billion, slightly higher than GM’s US$82.916 billion. It was the first time in nearly 5 years. The current valuations of the two automakers still lag behind Rivian. The Ford F-150 Lightning pickup truck was unveiled this spring and is expected to start production in the spring of next year, and will be officially launched in the middle of 2022.
Economic data
- The monthly growth rate of the FHFA house price index in the United States in October reported 1.1%, which is expected to be 0.9%, and the previous value is 0.9%
- The annual growth rate of the FHFA house price index in the United States in October reported 17.4%, the previous value was 17.7%
- The United States October S&P Case-Shiller 20 Big Cities Housing Price Index reported an annual growth rate of 18.4%, which is expected to be 18.5%, and the previous value is 19.1%
- The monthly growth rate of the S&P Case-Shiller 20 Big Cities House Price Index in the United States in October was 0.8%, the previous value was 0.8%
Wall Street Analysis
The market is ushering in a seasonal “Christmas market” opportunity. The major U.S. stock indexes were mixed on Tuesday. Victoria Fernandez, chief market strategist at Crossmark Global Investments, said: “The market is removing some of its subconscious and initial reactions to the Omicron variant.”
Mike Bailey, head of research at FBB Capital Partners, said: “Investors have been too complacent in the past few days. Value investors may have noticed that S&P has risen 30% this year and decided to sell overvalued stocks.”
The market has entered the holiday trading mode. Max Gokhman, Chief Investment Officer of AlphaTrAI, attributed the closing of some U.S. stock indexes to black on Tuesday due to the exaggerated trend of low trading volume. Gokhman said: “I saw no obvious catalyst for the rally on Monday, so I fell back a bit on Tuesday, but this is not a prediction that U.S. stocks will fall further.”
The figures are updated before the deadline, please follow the actual quotation
