On Tuesday (23rd), despite the United States’ joint multinational attempt to suppress oil prices, oil prices still climbed, energy stocks followed up, and the market expected the Federal Reserve (Fed) to raise interest rates early after Ball’s re-election, and U.S. bond yields continued to rise. , Financial stocks shine, technology stocks are under pressure,The four major US stock indexes were mixed. The Dow Jones closed nearly 200 points in the red, the Nasdaq closed 0.5% in the black, Tesla fell more than 4%, and TSMC’s ADR fell nearly 3%.
In terms of political and economic news, the United States announced on Tuesday that it will release approximately 50 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) and will take coordinated actions with five countries including China, India, Japan, South Korea, and the United Kingdom to curb high crude oil prices. Puffing up. The Biden administration is using all tools to lower prices and solve the problem of insufficient oil supply. He said on Tuesday: “It will take time, but soon everyone should see oil prices fall.”
The U.S. State Department imposed further sanctions on the Beixi No. 2 natural gas pipeline on Monday, listing the two ships involved in the construction of the Beixi No. 2 pipeline and a sanctions list of entities called “Transadria Ltd.”.
The new crown pneumonia (COVID-19) global epidemic continues to spread. Before the deadline, data from Johns Hopkins University in the United States pointed out that the number of confirmed cases worldwide has surpassed 258 million, and the number of deaths has exceeded 5.16 million. More than 7.76 billion doses of vaccines have been vaccinated in 184 countries/regions around the world.
Tuesday (23rd) the performance of the four major US stock indexes:
- The US stock Dow Jones index rose 194.55 points, or 0.55%, to close at 35,813.8 points.
- The Nasdaq Index fell 79.62 points, or 0.5%, to close at 15,775.14 points.
- The S&P 500 Index rose 7.76 points, or 0.17%, to close at 4,690.7 points.
- The Philadelphia Semiconductor Index fell 12.70 points, or 0.33%, to close at 3,834.43 points.
Focus stocks
The five kings of science and technology went up and down mixed. Apple (AAPL-US) rose 0.24%; Meta (formerly Facebook) (FB-US) fell 1.10%; Alphabet (GOOGL-US) fell 0.36%; Amazon (AMZN-US) rose 0.21%; Microsoft (MSFT-US) ) Fell 0.63%.
The constituent stocks of Dow Jones were mixed. Goldman Sachs (GS-US) rose 2.57%; JPMorgan Chase (JPM-US) rose 2.39%; United Health (UNH-US) rose 2.19%; Traveller (TRV-US) rose 2.16%; Disney (DIS-US) fell 2.03%; Salesforce (CRM-US) fell 1.83%.
The fee is more than half of the ingredients. Qualcomm (QCOM-US) fell 0.25%; AMD (AMD-US) fell 1.70%; NVIDIA (NVDA-US) fell 0.66%; Intel (INTC-US) fell 1.46%; Applied Materials (AMAT-US) rose 0.93% ; Micron (MU-US) rose 1.85%.
Only Chunghwa Telecom dominates Taiwan stock ADR. TSMC ADR (TSM-US) fell 2.72%; ASE ADR (ASX-US) fell 0.79%; UMC ADR (UMC-US) fell 2.33%; Chunghwa Telecom ADR (CHT-US) rose 0.15%.
Corporate News
Tesla (TSLA-US) plunged 4.14% to $1,109.03 per share. The latest data shows that Tesla’s Cybertruck electric pickup truck has more than 1.27 million reservations, with an average price of 58,000 U.S. dollars and a reservation value of more than 80 billion U.S. dollars, but there is still no sign of production.
Apple (AAPL-US) rose 0.24% to US$161.41 per share, setting a new high for the fourth consecutive trading day. JP Morgan Chase (Xiao Mo) analyst Samik Chatterjee said that China’s iPhone shipments rebounded strongly in October, suggesting strong sales of the iPhone 13 series.
The epidemic-beneficial stock Zoom (ZM-US) plunged 14.71% to US$206.64 per share. The company’s revenue increased to US$1.05 billion last quarter, and its adjusted net profit per share reached US$1.11, which was better than Wall Street’s expectations. Citigroup and other foreign analysts said that the company’s growth has slowing down and the number of new customers is the lowest level in three years. It is worrying.
Nordstrom (JWN-US), a 100-year-old high-end department store in the United States, closed 1.21% black to $31.93 per share, and plunged more than 20% after the market. Nordstrom announced its latest earnings report after the close on Tuesday, with a net profit of US$0.39 per share and a revenue of US$3.64 billion, which were worse than Wall Street expectations. The main reason was that labor costs eroded profits and sales, plus the discount store (Nordstrom Rack) business. It is difficult to restore the level before the epidemic.
TSMC ADR (TSM-US) fell 2.72% to US$121.36 per share. In the 2021 supplementary budget, the Japanese government will allocate about 600 billion yen to fund companies such as TSMC and Micron to set up factories in Japan, of which TSMC won two-thirds of the supplementary budget (400 billion yen).
Economic data
- The initial value of the Markit Manufacturing PMI in the United States in November was 59.1, the expected value was 59.0, and the previous value was 58.4
- The initial value of the Markit service industry PMI in the United States in November is 57.0, the expected value is 59.1, and the previous value is 58.7
- US Richmond Fed November manufacturing index reported 11, expected 10, previous value 12
Wall Street Analysis
Janney Montgomery Scott Chief Investment Strategist Mark Luschini mentioned that as the spread between the 2-year and 10-year U.S. Treasury yields rose to 105 basis points in a relatively short period of time, the U.S. Treasury yield curve has become steeper again. , To promote the sell-off of technology stocks on Tuesday.
Sam Stovall, chief investment strategist at CFRA Research, said that the market is still overbought and needs to absorb some of the recent gains.
Monica Defend, head of global research at A mundi, said that Tuesday’s volatility was concentrated on the short end of the U.S. Treasury yield curve because this is where monetary policy is expected to have the greatest impact, and the market is expected to start raising interest rates in June.
John Luke Tyner, portfolio manager of Aptus Capital Advisors, said that under Ball’s leadership, the Fed will reduce the rate of taper purchases will follow changes in data. If inflation continues to grow at the rate of October, the Fed will soon follow Taper. Raising interest rates, the market believes that this action allows the Fed to maintain control of inflation.
The figures are updated before the deadline, please follow the actual quotation
