Home Business [US stocks close]Looking forward to the draft of the infrastructure project, the Dow rose 482 points and the index rose 1.2%-Hong Kong Economic Times-Real Time News Channel-Market Finance-Stock Market

[US stocks close]Looking forward to the draft of the infrastructure project, the Dow rose 482 points and the index rose 1.2%-Hong Kong Economic Times-Real Time News Channel-Market Finance-Stock Market

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The economic data in the United States is improving, the research and development of new coronary pneumonia drugs has made breakthroughs, and the market is looking forward to the approval of the draft infrastructure by the US House of Representatives. Hakeem Jeffries, chairman of the Democratic Party Caucus of the U.S. House of Representatives, said that the House of Representatives is expected to approve the draft legislation on Friday, and the news will inject momentum into U.S. stocks. The Dow Index reported 34,326 points, up 482 points; the Standard Index reported 4357 points, up 49 points or 1.2%; the Nasdaq Index reported 14,566 points, up 0.8%. Over the week, the Dow, Standard and Nasdaq still fell 1.4%, 2.2%, and 3.2% respectively.

The oral drug Molnupiravir developed by Merck Pharmaceuticals (Merck, U.S.: MRK) and Ridgeback in cooperation with Ridgeback, according to the results of later clinical tests, shows that the drug effectively reduces the risk of hospitalization or death of patients with new coronary pneumonia by up to 50%. The company plans to provide American food as soon as possible. And the Drug Administration (FDA) seeking emergency use authorization. Stimulated by the news, Merck’s shares rose 8.4%.

The President of the Philadelphia Federal Reserve Bank (Patrick Harker) said that the Federal Reserve is expected to carry out debt reduction actions in the short term, and will raise interest rates in late 2022 or early 2023. Former US Treasury Secretary Summers (Lawrence Summers) worries that the rise in debt yields this week reflects investors’ belief that inflation may get out of control and the Fed may be forced to accelerate the withdrawal of quantitative easing (QE) measures.

Inflation heated up, and the price of gold futures in New York closed slightly up by 1.4 US dollars to 1758.4 US dollars, a cumulative increase of 0.4% this week.

The US Personal Consumption Expenditure (PCE) price index rose 4.3% year-on-year in August, slightly higher than the 4.2% increase in July; the core PCE price index rose 3.6% year-on-year, a 30-year high.

Market trend:

[03:13]The Dow rose to 621 points; the Nasdaq rose 1%; the index rose 1.5%

[02:40]The Dow rose to more than 500 points, temporarily up 511 points or 1.5% to 34355 points; the Nasdaq rose 0.7% or 103 points to 14,551 points; the standard index rose 49 points or more than 1.1% to 4357 point

[02:31]New York November crude oil futures closed up 0.85 US dollars, or 1.13%, to 75.88 US dollars.London Brent December crude oil futures closed up 0.97 US dollars, or 1.24%, to 79.28 US dollars

[02:06]The Dow rose 465 points or 1.4% to 34309 points; the Nasdaq rose more than 0.5%, and the standard index rose 44 points or more than 1%

[01:20]The Dow rose to 1% or 354 points, the pharmaceutical stock Merck maintained a 9.3% increase, Disney rose about 4.0%, American Express rose 3.1%, Chevron rose more than 2.2%, but Walmart fell 1.8 %.
The benchmark index rose 0.7%, and the Nasdaq rose more than 0.2%.

[01:16]The Fed’s use of reverse repurchase tools on Friday (October 1) was US$1.386 trillion. It hit a record high for three consecutive trading days and reached US$1.605 trillion on September 30.

[01:11]U.S. stocks rose repeatedly, the Dow rose 328 points or more than 0.9% to 34,172 points; the Nasdaq rose 0.2%; the standard index rose more than 0.5%

[21:30]US stocks turned up and down, the Dow fell 36 points to 33,807 points; the Nasdaq fell 0.8%.

[21:30]The Dow rose 251 points to 34,095; the Nasdaq rose 19 points to 14,468; the S&P 500 fell 51 points to 4,307

[21:06]Personal consumption expenditure in the United States rose 0.8% in August, better than market expectations, while personal income rose 0.2%. Dow futures turned up from decline, rising 111 points to 33,836 points; Nasdaq futures also rose 0.1%.

[20:32]Inflation data is released. In August, the PCE price index rose 4.3% year-on-year, which was 0.1 percentage point higher than market estimates and 0.4% month-on-month; the core PCE price index excluding food and energy prices rose 3.6% year-on-year %, unchanged from the previous month, but rose 0.3% month-on-month.

[16:12]China and Hong Kong were closed during the National Day holiday. However, global stocks fell sharply at the beginning of October. Taiwan stocks fell 2.2%, Japanese stocks fell 2.3%, South Korea and Australia stocks fell 2%, and European stocks fell 1% after the market opened. The A50 index of China’s heavyweight stocks fell 1.7%, making Hong Kong stocks more worried about the opening of the market next week.

[15:10]The decline of US stock futures expanded. Dow futures fell 287 points to 33556 points; standard index futures fell 34 points to 4272 points; Nasdaq futures fell 109 points or 0.7% to 14,580 points.

[15:09]European stock markets fell in the early days, with the German DAX index falling 1.4%; the French CAC index falling 1.3%; and the UK FTSE 100 index falling 1.1%.

[12:11]Dow futures fell 192 points to 33,651 points; standard index futures fell 25 points to 4282 points; Nasdaq futures fell 74 points or 0.5% to 14,615 points.

==Following September 30 (Thursday) Stock Market ==

Although the U.S. debt ceiling bill is expected to pass, the number of people claiming unemployment benefits for the first time has risen for three consecutive weeks. Some Fed officials expect to raise interest rates next year. Coupled with the deterioration of China’s manufacturing purchasing managers’ index (PMI), the Dow fell by up to 557 points on Thursday. , The Nasdaq turned down repeatedly.

See the closing of US stocks:

The Dow closed down 546 points to 33,843 points; the Nasdaq fell 63 points to 14,448 points; the index fell 51 points to 4307 points; Apple fell 0.9%. The Dow fell more than 4% in September.

Investors continue to pay attention to the progress of the US government debt default and closure crisis. The U.S. Senate voted 65 to 35 to pass a short-term appropriation bill that will provide funding for the U.S. government until December 3 to prevent the federal government from shutting down after midnight on September 30. The bill will then be sent to the House of Representatives for a vote. Barring delays, the House of Representatives is expected to approve the bill and send it to President Biden for signature before the funds are exhausted.

The US 10-year bond interest rate was reported at 1.519%; the 30-year mortgage interest rate exceeded 3%, hitting a 3-month high; the trend of mortgage interest rate depends on the performance of US inflation. Excessive inflation may force the Reserve to raise interest rates ahead of schedule.

Atlanta Fed Bank President Raphael Bostic said that the U.S. economy is expected to reach full employment before the end of next year. It is expected that the Fed will raise interest rates once next year and three further increases in 2023.

The US Congress passes the short-term government appropriations bill and will be sent to the House of Representatives for a vote

Pelosi said the House of Representatives will vote on the infrastructure bill

[Reservation Bureau Officials]Bostic expects to raise interest rates once next year and three more times in the next year

The Hong Kong stock market is constantly updated. For details, please see:[Next Page]

    Click on the picture to enlarge

Market trend:

[02:35]New York November crude oil futures closed up 0.2 US dollars, or 0.27%, to 75.03 US dollars; London Brent November crude oil futures closed up 0.12 US dollars, or 0.15%, to 78.52 US dollars

[02:33]The Dow fell 299 points or 0.9% to 34090 points; the Nasdaq rose 48 points or 0.3% to 14,561 points; the standard index fell 19 points or more than 0.4% to 4339 points

[02:04]The Nasdaq rose by 0.2%, and the Dow’s decline narrowed slightly. It temporarily fell 335 points or nearly 1% to 34,054 points. That is, the market fell rapidly by 486 points or 1.4% to a low of 33904 points; Refers to a decline of 34 points or 0.8%

[01:46]New York December gold futures closed up 2.0% to $1,57.00. In September, it fell by about 3.4%, and fell by 0.8% in the third quarter.

[01:35]The U.S. Senate voted 65-35 votes to approve the short-term appropriations bill that lasts until December 3, to avoid government shutdown, and will be transferred to the House of Representatives for consideration/voting.

[01:17]The Fed accepted $1.605 trillion in fixed-rate reverse repurchases, continuing to hit a record high.

[00:26]U.S. stocks fell more than 400 points, retail stocks fell sharply, and the bank index fell more than 1%, but the education stocks in China General Education bucked the trend. The Dow fell 421 points or 1.2%, fell below the 34000 mark, and reported 33969 points. The early rise of 166 points was wiped out. The standard index fell more than 0.8%; the Nasdaq fell 35 points or 0.3%

[21:57]The Dow rose 46 points, the Nasdaq rose 0.7%, and the standard index rose 17 points. However, international oil prices fell more than 1%, Bursa oil fell 1.3% to 77.1 yuan, and New York oil futures fell 1.6% to 73.64 US dollars.

[21:30]US stocks opened, the Dow rose 159 points to 34549 points, the Nasdaq rose 0.5% to 14,587 points, and the standard index rose 17 points to 4376 points. The U.S. 10-year bond yield rose slightly to 1.54%.

[20:51]Dow futures rose more than a hundred points, Nasdaq futures rose 0.5%

[18:37]Dow futures rose 137 points, Nasdaq futures rose 0.4%, and standard index futures rose 16 points. The US exchange rate continued to rise, at 94.48.

[12:23]Dow futures rose 156 points to 34547 points; standard index futures rose 22 points or 0.5% to 4381 points; Nasdaq futures rose 94 points or 0.6% to 14,847 points.

[11:00]Cathie Wood loses 2.1 billion Hong Kong dollars

*Additional screenings on the same scene* North Water is closed, and Hong Kong stocks will be unlucky in October? (With Time code)

==Following September 29 (Wednesday) Stock Market ==

U.S. bond yields softened, and the U.S. exchange rate index rose above 94. This was the first time since November last year. U.S. stocks have developed individually. The Nasdaq has repeatedly softened, while the Dow and the benchmark index have recovered from high levels. The Dow rebounded 280 points and closed up 90 points to 34390 points; the index rose 6 points to 4359 points; the Nasdaq fell 34 points to 14512 points. Boeing Company rose 3.2%; Tesla (Tesla) rose 0.5%.

See the closing of US stocks:

American asset management company Marathon bought China Evergrande (03333) bonds at a bargain, involving a US dollar bond maturing in 2023 with an annual interest rate of 10%, and plans to increase its holdings. The company estimates that Evergrande may pay some US dollar debt interest in the short term, which is expected to lead to a rebound in bond prices.

The U.S. dollar index rose by 0.69% to 94.41 in the end. The 10-year U.S. Treasury yield fell below the level of 1.5%, and the latest reported 1.54%.

The U.S. dollar was strong, and the price of gold fell to its lowest level in nearly six months. New York gold futures fell 14.6 US dollars, or 0.8%, to 1722.9 US dollars.

U.S. weekly crude oil inventories rebounded for the first time since July, and New York oil futures closed at $74.83, a 0.6% loss. Brent futures fell 0.57% to $78.64.

Fed Chairman Powell said that the current increase in the inflation rate in the United States is related to the economic restart, and there will be no persistent high inflation in the future. He pointed out that the supply side is dragging down the US economy. As the supply bottleneck problem is controlled or eased, inflation is expected to fall.

The U.S. Congressional Budget Office (CBO) pointed out that the United States may reach the debt ceiling before the end of October; the most likely scenario is that the United States will reach the debt ceiling between the end of October and the beginning of November.

French Finance Minister Le Maire said that the G7 finance ministers are constructive in the global taxation negotiations and are making progress in this regard. A major agreement on global taxation may be reached next week.

[Reservation Bureau’s Statement]Powell: Soaring prices will not lead to persistently high inflation

[US Stocks Focus]Most of Citi’s institutional clients are worried about persistent inflation, and US stocks are expected to be at risk of correction

Market trend:

[02:32]New York November crude oil futures closed down 0.46 US dollars, or 0.61%, to 74.83 US dollars; London Brent November crude oil futures closed down 0.45 US dollars, or 0.57%, to 78.64 US dollars

[02:11]U.S. stocks made a good afternoon session, the Dow rose above the 34500 mark, up 216 points or 0.6% to 34516 points; the Nasdaq rose 38 points or 0.3% to 14,585 points; the standard index rose 9 points

[01:44]New York December gold futures closed down 0.8%, at US$1722.90.

[01:18]The U.S. Federal Reserve’s use of reverse repurchase tools was US$1.416 trillion, a record high for two consecutive trading days.

[01:10]The Nasdaq fell 21 points or more than 1% to 14524 points; the Dow rose 114 points or 0.3% to 34414 points; the benchmark index rose 15 points; Boeing’s stock price narrowed its gains and rose 3.6% temporarily

[23:22]The Dow rose 177 points, Boeing (US: BA) rose nearly 5% to support the market; the Nasdaq rose 0.36%, and the standard index rose 0.5%.

[22:05]The Dow rose by 134 points, the Nasdaq rose by more than 0.7%, and the standard index rose by more than 0.5%. Netflix (U.S.: NFLX) rose 4%.

[21:30]US stocks opened, the Dow rose 106 points, the Nasdaq rose 0.5%, and the standard index rose 16 points or nearly 0.4%.

[21:14]The U.S. exchange rate index rose above the 94 mark, and the US dollar rose rapidly. After breaking through the 93 mark, the U.S. dollar rose again to cross the 94 mark within 10 days, reaching a peak of 94.01. U.S. bond interest rates softened and the Dow futures’ gains narrowed. Less than 100 points.

[18:50]Dow futures rose 196 points, and Nasdaq futures rose 0.96%. The 10-year U.S. Treasury yield was reported at 1.501%.

[16:23]The 10-year bond yield fell to nearly 1.5%, the Dow futures rose 195 points, and the Nasdaq futures rose 0.95%.

[12:45][iPhone 13]Nikkei: Vietnam epidemic suffocates iPhone component production and iPhone 13 delivery time will be extended

[12:41]US stock futures rose, with the three major US stock index futures rising about 0.6%.

[08:30][Chip shortage]Micron’s first-quarter revenue forecast is less than expected, Asian chip stocks may be affected

[08: 00][Reservation Bureau’s statement]Powell: The water collection conditions are almost satisfied. Brad: Recruitment to deal with high inflation

[07:30]Yellen warns against raising the debt ceiling or triggering a financial crisis

[ET Caizhi Talk]The Federal Reserve may raise interest rates ahead of schedule and US stocks still have the power to go up again?DBS Wang Liangxiangjiao Road Season 4 Asset Allocation

==Following September 28 (Tuesday) Stock Market ==

The U.S. Senate failed to pass a bill on short-term appropriations and exemptions from the national debt ceiling. The market is worried about the federal government’s suspension, and the Federal Reserve is expected to reduce its debt purchases, and the market’s desire to avoid risks has increased. The U.S. exchange rate broke through 93.75, the highest since November last year; the 10-year U.S. Treasury yield once rose above 1.56%, triggering an intensified sell-off in technology stocks.

See the closing of US stocks:

The Dow once fell 614 points, and closed down 569 points to 34,299 points; the index fell 90 points to close at 4352 points; the Nasdaq fell 423 points or 2.83% to close at 14,546 points. U.S. Treasury Secretary Yellen warned that the Treasury Department will run out of cash on October 18. Failure to raise the debt ceiling will bring catastrophic consequences.

The 10-year U.S. bond yield rose to 1.562%, a new high since June. Large technology stocks generally fell, with Facebook shares falling 3.7% and Microsoft falling 3.6%.

Fed Chairman Powell said that the Fed has almost met the conditions for beginning to reduce quantitative easing. In contrast, the requirements for raising interest rates are obviously higher, but there is still a long way to go in terms of achieving full employment. He pointed out that inflationary pressures indicate that the relationship between supply and demand is imbalanced, but he still expects that inflation will decline and will subside over time.

The radical U.S. Democratic Senator Elizabeth Warren stated that he would oppose Powell’s re-election as Fed chairman because of his poor performance in supervising financial companies.

U.S. Treasury Secretary Yellen emphasized that if Congress does not raise the debt ceiling, there will be financial crises and disasters, which will lead to soaring yields. The interest paid by Americans will increase as the cost of national debt borrowing increases. Debt default will be an artificial fabrication. The crisis is the huge damage caused by myself.

The World Large Enterprise Research Association announced that the US consumer confidence index in September fell to its lowest level since February, at 109.3, a decline that exceeded market expectations. It also fell for three consecutive months. The deterioration of the new pneumonia epidemic has aggravated market concerns about the economic outlook. .
The Fed’s reverse repurchase scale reached $1.365 trillion on Tuesday, a record high, reflecting the serious excess liquidity in the financial system.

The Hong Kong stock market is constantly updated. For details, please see:[Next Page]

Market trend:

[1:06]The Dow fell 606 points and the Nasdaq fell 2.8%.

[23:45]The Dow fell 510 points and the Nasdaq fell 2.7%.

[22:08]The Dow fell 357 points and the Nasdaq fell more than 2%.

[21:31]US stocks opened, the Dow fell 103 points, the Nasdaq fell nearly 1.1%, and the benchmark index fell 29 points or nearly 0.7%.

[20:45]U.S. exchange hits a 10-month high, 10-year U.S. bond interest rate stands at 1.55%

[20:43]The US Exchange rushed to the level of 93.75, the highest level since November last year.

[20:41]Dow futures fell 138 points, and Nasdaq futures fell 1.5%.

[18:33]European stocks’ declines expanded, Dow futures fell 166 points, and Nasdaq futures fell 1.6%.

[17:05]Dow futures fell 108 points, and Nasdaq futures fell more than 1%.

[17:04]European stocks fell, German stocks fell 0.8%, French stocks fell nearly 1.2%, and British stocks fell more than 0.4%.

[12:20]Microsoft CEO: The failure to acquire TikTok is the weirdest thing since I started business

[12:10]Dow futures rose 28 points to 34,897 points; standard index futures fell 2 points to 4,441 points; Nasdaq futures fell 41 points or 0.3% to 15,163 points.

[10:40]Two reserve officials announced their departure within a day

[07:30]Williams: It may be reasonable to end the reduction of debt purchases by the middle of 2022

[07:30]Brainard: The US job market has not improved to the stage where the Reserve Bank should reduce debt purchases

[07:30]Williams: If the U.S. economy continues to improve or soon begin to reduce debt purchases

==Following September 27th (Monday) Stock Market ==

The market is weighing the debt risks of China’s real estate, and the global energy crisis may further inhibit global economic growth. US stocks have developed individually. U.S. bond yields have risen above 1.5% in 10 years, the first time since June this year, dragging the Nasdaq down.

See the closing of US stocks:

U.S. auction U.S. bond yields rose, with the 2-year auction rate being 0.31%, compared to 0.242% in the previous period, and the 5-year auction rate being 0.99%, compared to 0.831% in the previous period.

Banking, industrial and oil stocks led the gains. The Dow once rose 263 points, and closed to 71 points to 34869 points; the index fell 12 points to 4443 points; technology stocks led the decline, the Nasdaq fell 77 points to report 14969 points. The 10-year U.S. bond yield has risen above the 1.5% level, the first time since June this year. The latest 10-year U.S. bond yield was reported at 1.488%.

Apple fell 1.1%, Microsoft fell 1.73%; Salesforce fell 2.11%, the worst performing Dow component stocks.

Federal Reserve Board Director Lael Brainard said in a speech on Monday that U.S. employment is still far from the Fed’s standard for starting to reduce monthly debt purchases, emphasizing that the risk of a recurrence of the epidemic will cause obstacles to corporate recruitment until the fall. .

New York Federal Reserve Bank President Williams said that it may be reasonable for the Reserve Bank to complete the reduction of bond purchases before the middle of next year, but the specific time has not yet been determined.

BlackRock, the world‘s largest asset management company, said that China’s stock market has fallen sharply, and the basic factors are at a constructive level, and it is appropriate to consider buying at a bargain. BlackRock still maintains the “Neutral” investment rating of the Chinese stock market unchanged, but believes that the time to invest in Chinese stocks may soon appear in terms of risk and return.

European stocks rose first and then gave up on Monday, Stoxx 600 closed down 0.19%, and technology stocks fell 1.5%. Oil and gas stocks bucked the market and rose 2.8%.

The Hong Kong stock market is constantly updated. For details, please see:[Next Page]

hot news

[US stocks one week ahead]Focus on US infrastructure plans and the Congressional Debt Cap Bill “pass through the barriers”. PCE price index experts announced on Friday to expect increased volatility in US stocks

Market trend:

[02:53]The new energy vehicle sector was mixed. Workhorse rose nearly 10%, FISKER rose 5.06%, Weilai Motors rose 3.21%, Tesla rose 2.83%, Faraday Future fell 9.43%, Mavericks Electric fell 0.12 %.

[02:32]New York November crude oil futures closed up 1.47 US dollars, or 1.99%, to 75.45 US dollars; London Brent July crude oil futures closed up 1.44 US dollars, or 1.84%, to 79.53 US dollars

[02:20]The Nasdaq’s decline narrowed to 50 points or 0.3%, and it fell by 182 points or 1.2% in the morning session; the Dow rose 153 points or 0.4% to 34,951 points; the index fell 3 points

[01:54]U.S. stocks’ anti-epidemic concept continues to weaken, with Novavax Pharmaceuticals (NVAX.O) falling more than 8%, BioNTech SE (BNTX.O) falling 6.84%, and Moderna (MRNA.O) falling more than 5% , AstraZeneca (AZN.O) fell 2.38%.

[01:50]December gold futures in New York closed up 0.02% to $1752.00.

[01:16]The Fed’s use of reverse repurchase tools on Monday (September 27) was US$1.297 trillion.

[01:03]The U.S. Department of the Treasury auctioned five-year Treasury bonds. The winning interest rate was 0.990%, and the bidding multiple was 2.37. The indirect bid was the lowest since March 2020.

[00:50]The three major U.S. stock indexes developed individually, and technology stocks generally declined. The Dow rose 93 points or 0.3% to 34,891 points; the Nasdaq fell 126 points or 0.8% to 14,921 points; the standard index fell 11 points or 0.3% , Reported 4443 points

[22:33]The Dow rose more than 250 points, and the Nasdaq fell 0.5%. U.S. bond yields once rose through 1.51%, pushing up large banking stocks. Bank of America and Goldman Sachs rose more than 2%; Motong and Citigroup rose more than 1%.

[21:30]US stocks opened, the Dow rose 52 points, the standard index fell 7 points or nearly 0.2%, and the Nasdaq fell 85 points or nearly 0.6%.

[20:32]Dow futures rose 5 points, and Nasdaq futures fell more than 0.8%. The 10-year U.S. bond yield stood at 1.5%, the first time since June.

[18:34]Futures’ gains continued to narrow. Dow futures rose 94 points and Nasdaq futures fell more than 0.3%.

[17:53]Dow futures rose 127 points, and Nasdaq futures fell 0.2%.

[17:52][International Oil Price]Goldman Sachs: Two reasons are expected to rise to US$90 by the end of the year

[12:27]Dow futures rose 145 points or 0.4% to 34943 points; standard index futures rose 16 points to 4472 points; Nasdaq futures rose 53 points or 0.4% to 15,382 points.

[08: 00]Futu is reported to be preparing for its second listing in Hong Kong before the end of the year

[07:30]Musk: Tesla will expand investment in China

[07:30]Several Reserve Bureau officials gave speeches after discussing interest rates, supporting the start of debt reduction in November. The market is assessing the prospect of the Fed’s delisting, and is concerned about when the US debt ceiling will be resolved and whether the government will be suspended. U.S. stocks consolidated at a high level last Friday. The Dow once gave up more than a hundred points. The market finally closed up for three consecutive days. The Dow closed up 33 points to 34,798 points; the Nasdaq fell 4 points to 15047 points; the standard index rose 6 points to report. 4455 points.

US stocks update last week, please see:[Next page]

One-click access to all Hong Kong “vaccine discounts” and “vaccine sweepstakes” participation methods and links

Editor in charge: Liang Haoshuo

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