The global new crown epidemic continues to worsen. Goldman Sachs lowered its forecast for China’s GDP this year. Wall Street’s concerns about global economic growth have risen sharply. In addition, non-agricultural employment was strong in July. The Fed may reduce its bond purchase plan ahead of schedule. A small increase of more than 3%, oil prices hit an 11-week low, gold prices flashed, U.S. Treasury yields rose, the four major indexes only the Nasdaq closed red, Tesla led the Nasdaq, Dow Jones, S&P since last Friday After climbing to a record high, both fell back.
The non-agricultural employment report released last Friday was better than expected, and outsiders have judged that the Fed may soon begin to reduce debt purchases. However, the number of JOLTS job vacancies in the US in June reported 10.073 million, a record high, indicating that US companies are still recruiting. Facing difficulties.
Raphael Bostic, president of the Asia Pacific University Union Bank, said on Monday that he expects to start reducing the scale of debt purchases in the fourth quarter of this year, but he is willing to start sooner if the job market continues to recover strongly. Both Postik and Richmond Union Bank President Thomas Barkin agreed on Monday that the inflation rate has reached the 2% threshold set by the Fed.
The U.S. Senate is close to passing a $1 trillion infrastructure bill. U.S. Republican Senator Patrick Toomey said on Monday that he has reached a bipartisan agreement on the crypto-asset tax amendment and will soon submit the crypto-asset tax amendment. The Senate is expected to The bill was passed on Tuesday and then sent to the House of Representatives for a vote.
Democrats in the U.S. Senate announced a $3.5 trillion budget plan on Monday, covering climate change, green energy development, immigration, and educational policy changes. The budget plan is known as the “most important” social expenditure plan since the 1930s.
On Monday, a panel of 28 Democrats in the US House of Representatives asked Congress to provide $85 billion in funding for electric vehicle charging infrastructure in a $3.5 trillion budget plan.
The new crown pneumonia (COVID-19) epidemic continues to spread around the world. Before the deadline, according to real-time statistics from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 203 million, and the number of deaths has exceeded 4.29 million. The cumulative number of confirmed cases in the United States exceeds 35.87 million, and the cumulative number of deaths exceeds 617,000. A total of more than 31.96 million cases have been confirmed in India, and a total of 2016 million cases have been confirmed in Brazil.
The famous epidemiologist Larry Brilliant said that given that only a small part of the world’s population has been vaccinated, the new crown pandemic is far from over.
The number of confirmed cases of the new crown in the United States averaged 100,000 for three consecutive days, an increase of 35% over the past week, and the number of hospitalizations also increased by 40%, the highest level in six months. Anthony Fauci, the Chief Anti-epidemic Adviser of the White House, called for the third dose of booster vaccine to be given to people with low immunity as soon as possible so that people with low immunity can be fully protected.
Monday (9th) the performance of the four major US stock indexes:
- The US stock Dow Jones index fell 106.66 points, or 0.3%, to close at 35,101.85 points.
- The Nasdaq Index rose 24.42 points, or 0.16%, to close at 14,860.18 points.
- The S&P 500 index fell 4.17 points, or 0.09%, to close at 4,432.35 points.
- The Philadelphia Semiconductor Index fell 12.3 points, or 0.36%, to close at 3,399.8 points.
Focus stocks
The five kings of science and technology are only the strongest of Alphabet. Apple (AAPL-US) fell 0.034%; Facebook (FB-US) fell 0.52%; Alphabet (GOOGL-US) rose 0.87%; Amazon (AMZN-US) fell 0.092%; Microsoft (MSFT-US) fell 0.39% .
Dow Jones led the decline with Chevron. Chevron (CVX-US) fell 1.67%; United Health (UNH-US) fell 1.04%; Amgen (AMGN-US) fell 0.98%; IBM (IBM-US) fell 1.96%; Walmart (WMT-US) Increased by 0.25%.
Fee half-component stocks received more lows. Intel (INTC-US) rose 0.24%; AMD (AMD-US) fell 2.30%; Applied Materials (AMAT-US) fell 0.46%; Micron (MU-US) fell 2.18%; Qualcomm (QCOM-US) rose 0.44% ; NVIDIA (NVDA-US) fell 0.35%.
The ADR of Taiwan stocks almost all fell. TSMC ADR (TSM-US) rose 0.01%; ASE ADR (ASX-US) fell 0.64%; UMC ADR (UMC-US) fell 1.15%; Chunghwa Telecom ADR (CHT-US) fell 0.37%.
Corporate News
Modena (MRNA-US) soared 17.10% to $484.47 per share. The Modena vaccine was approved in Australia and the supply will reach 10 million doses this year. The United States is also about to start a third dose of COVID-19. Demand for the COVID-19 vaccine will continue to be strong. The company’s market value has surpassed Merck on Monday.
Tesla (TSLA-US) rose 2.10% to $713.76 per share. Investment bank Jefferies predicts that Tesla will continue to be the leader and innovator of electric vehicles, and raised Tesla’s target price to $850 per share.
Alibaba (BABA-US) fell 0.58% to US$195.25 per share. As China strengthened its technology supervision, Alibaba broke out a sex scandal, which aroused the attention of Chinese public opinion. The Chinese official media directly criticized Alibaba as the “Forty Thieves.”
TSMC ADR (TSM-US) edged up 0.01% to US$118.22 per share. Samsung Electronics vice chairman Lee Jae-yong will be released on parole on the 13th. The Federation of South Korean Industries welcomes the South Korean Supreme Court ruling. It is expected that this will boost Samsung’s morale and strive to catch up with chip manufacturers such as TSMC.
Apple (AAPL-US) fell 0.034% to US$146.09 per share. According to industry news, in order to develop the Apple Car, Apple’s research and development team is secretly visiting SK Group, LG Electronics and other companies.
Berkshire rose 0.40% to $431,881.00 per share. Berkshire Hathaway, led by Warren Buffett, announced its second-quarter earnings last weekend. Revenue reached 69 billion U.S. dollars, an annual increase of 22%, and net profit reached 28.1 billion U.S. dollars, better than Wall Street expectations. It is worth noting that Berkshire has sold more than stocks for three consecutive quarters.
Amazon (AMZN-US) fell 0.092% to $3,341.87 per share. Wal-Mart (WMT-US) rose 0.24% to US$145.58 per share. The Supreme Court of India approved an antitrust investigation against Amazon India’s subsidiary and Walmart’s Indian e-commerce giant Flipkart. The two companies have been accused of abusing market dominance by offering substantial discounts and preferential treatment to some suppliers.
Sanderson Farms (SAFM-US), the third largest poultry producer in the United States, rose sharply after the opening, closing 7.41% to 195.88 US dollars per share, mainly due to agricultural giant Cargill and agricultural investment company Continental Grain announced Monday that they would offer US$4.5 billion in cash Acquired Sanderson Farms.
Tyson Foods (TSN-US) soared 8.66% to $77.30 per share. The company’s latest financial report is eye-catching, with a net profit of US$2.70 per share, which is much higher than Wall Street’s forecast of US$1.62.
Economic data
- The number of JOLTS job vacancies in the United States in June reported 10.073 million, with an expectation of 9.27 million, and the previous value of 9.209 million
Wall Street Analysis
Sam Stovall, chief investment strategist at CFRA Research, said that Fed official Postik’s hawkish remarks are testing the waters and preparing for the start of quantitative easing at the end of the year. The biggest concern is that the delay in reducing the scale of debt purchases may cause the Fed to lag behind in inflation. Trend.
Jim Paulsen, chief investment strategist at CNBC Leuthold Group, said that the epidemic has dealt a heavy blow to financial markets. The surge in cases continues to pose the greatest threat to cyclical stocks such as energy and industry.
Credit Suisse set a target price of 5,000 points for S&P at the end of 2022 on Monday, citing increased corporate profits and maintaining a target price of 4,600 points for 2021.
Credit Suisse analyst Jonathan Golub said that in the past five quarters, Wall Street has severely underestimated net profit per share. This trend is expected to continue. As the unemployment rate further drops, higher wages, and consumer spending should improve.
The figures are updated before the deadline, please follow the actual quotation.
