Job growth in the United States last month was the fastest growth rate in nearly a year, and the unemployment rate fell faster than expected. The market looked forward to economic recovery. The Dow and the benchmark index both hit record highs on Friday, but it also meant that the Fed was able to start closing water, and technology stocks underperformed the market; the price of gold plummeted by more than 2%.
Robert Kaplan, president of the Federal Reserve Bank of Dallas of the United States, suggested on Friday that the Federal Reserve should end its bond purchase plan within eight months. The US dollar index rose 0.5% to 92.78, and the price of gold fell 2.2% to US$1,763.24.
See the closing of US stocks:
US stocks developed individually. The Dow closed up 144 points to 35,208 points; the index rose 7 points to 4436 points; the Nasdaq fell 59 points to 14,835 points. The price of gold plunged 2.5% to a low of US$1,758.8.
Benefiting from rising bond yields, bank stocks generally rose, with the SSI bank stock index rising 2.7%. Goldman Sachs shares rose 3.6%, JP Morgan Chase rose 2.8%, and American International Group (AIG) surged 4.7%.
US President Biden said that the July non-agricultural employment report exceeded expectations, indicating that economic policies are working. He urged Congress to advance legislation that would spend trillions of dollars on public works, education, and other priorities.
U.S. Senators still disagree on the amendments to the $1 trillion cross-party base proposal. The Democratic Senate Majority Leader Chuck Schumer decided to hold a special meeting on Saturday, hoping to reach the end of the week on the bill. The goal of the vote.
[US stock analysis]Bank of America’s chief strategist expects to see 3800 points 14% downside by the end of the year
[Reservation Bureau Official]Kaplan urges the Federal Reserve to terminate debt purchases within 8 months
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[02:31]New York September crude oil futures closed down 0.81 US dollars, or 1.17%, to 68.28 US dollars.London Brent October crude oil futures closed down US$0.59, or 0.83%, to US$70.7
[02:02]The Dow rose 146 points or 0.4% to 35210 points, the Nasdaq fell 58 points or 0.4%, and the standard index rose 8 points
[01:55]New York December gold futures closed down 2.5% to 1,763.10 US dollars, the first time since July 28 to close below 1,800 US dollars
[01:16]The Fed’s use of reverse repurchase tools on Friday (August 6) was US$952.1 billion.
[00:46]The Dow rose 135 points or 0.4% to 35199 points, the Nasdaq fell 70 points or 0.5%, and the standard index rose 6 points to 4435 points
[00:29]Vaccine stock Novavax (NVAX) expanded its decline to 20% and fell below US$190. The company previously postponed its application to the US Food and Drug Administration (FDA) for emergency use of its new crown pneumonia vaccine.
[23:10]The 10-year bond yield rose through 1.3%.
[22:54]The Dow rose 114 points and the Nasdaq fell 0.6%.
[22:45][U.S. Economy]US wholesale inventories in June increased by 1.1% month-on-month, higher than expected
[22:01]The Dow rose 98 points and the Nasdaq fell 0.3%.
[22:00]The recovery of the labor market was better than expected, the US exchange rate jumped to 92.69, and the 10-year bond yield also soared to 1.287%.
[21:30]US stocks opened, the Dow rose 115 points, the Dow fell 0.2%, and the index rose 5 points.
[21:04]Nasdaq futures fell 0.5%.
[20:45][U.S. Economy]The number of non-agricultural employment in the United States increased by 943,000 in July. The unemployment rate fell to 5.4%, both better than expected.[18:51]Dow futures rose 29 points, Nasdaq futures fell 22 points or 0.15% .
[17:04]U.S. stock futures are down, the Dow and Standard Index futures are now down 0.01%, and the Nasdaq futures are down 0.08%.
[16:56]Wait and see the US non-agricultural data, European stocks fell in the early stage, but it was still the best week since May. After rising for 4 consecutive days, the European STOXX 600 index is now down 0.2%, but the index still rose 1.6% this week. The German DAX index rose 0.1%, the French CAC40 index is now down 0.1%, and the FTSE 100 index is up 0.04%.
[12:30]US stock futures fell, the Dow futures fell 0.1%, and the index and Nasdaq futures also fell slightly.
[09:00][US stocks focus]Beyond Meat’s second-quarter loss widened less than expected after the market fell by more than half
==Following August 5th (Thursday) Stock Market ==
The number of people applying for unemployment benefits for the first time in the United States dropped to 385,000 last week, a decrease of 14,000 on a weekly basis. It was a two-week decline, indicating that the labor market has improved. Stable the 35,000 mark. The market will wait and see on Friday to announce non-agricultural employment data. Goldman Sachs raised the target for the end of this year to 4,700 points, with an upside of about 7%.
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See the closing of US stocks:
The Dow closed up 271 points to 35064 points; the Nasdaq rose 114 points to 14,895 points; the standard index rose 26 points to 4429 points. Leisure and entertainment stocks were touted, Disney rose 2.4%, Wynn Resorts and cruise group Carnival rose 8.3% and 7.2% respectively.
European stocks turned well, Stoxx 600 closed up 0.37%, and travel and leisure stocks climbed 1.53%.
Risk aversion in the market has cooled, and gold prices have softened. New York gold futures closed down US$5.6 to US$1808.9. The US dollar index was reported at 92.26, and the 10-year bond yield was reported at 1.223%.
Investors pay attention to corporate financial reports and speak with officials of the Reserve Bureau. Fed board member Christopher Waller emphasized that he is looking forward to a significant recovery in the U.S. economy. Coupled with an improvement in the labor market, the Fed should delist the market ahead of schedule and initiate quantitative easing measures.
The strong earnings report pushed up US stocks in the quarter, and the impact overwhelmed concerns about the Delta mutant strain, as well as the possible reduction of China’s regulatory measures and monetary stimulus measures.
Republicans in the US Senate are expected to vote on the $550 billion cross-party infrastructure bill over the weekend.
In addition, the US trade deficit widened to US$75.7 billion in June, exceeding market expectations and widening by 7% on a monthly basis.
Fed Board Member Waller: or withdraw from the easing policy earlier than others predicted
[US stock analysis]Goldman Sachs raises its standard index to look at 4,700 points at the end of this year, about 7% upside
[U.S. Unemployment Benefits]U.S. leaders’ unemployment benefits fell to 385,000 last week
Clarida, vice chairman of the Reserve Bureau: Later this year or reduce the purchase of debt to raise interest rates until 2023
[US stock performance]Moderna’s revenue in the second quarter was US$4.35 billion, and 6 months after the second shot of the new crown vaccine, the effective rate was 93%
[Electric Vehicles]Biden will sign an executive order today to target 50% of the domestic market for electric vehicle sales in 2030
[Results of the interest rate discussion]The Bank of England maintains interest rates unchanged, saying that it may be necessary to moderately tighten monetary policy
[02:49]The Dow rose 186 points or 0.5% to 34978 points; the Nasdaq rose 100 points or 0.7% to 14,881 points; the standard index rose 16 points or 0.4% to 4419 points
[02:31]New York September crude oil futures closed up 0.94 US dollars, or 1.38%, to 69.09 US dollars. London Brent September crude oil futures closed up 0.91 US dollars, or 1.29%, to 71.29 US dollars.
[01:52]New York December gold futures closed down 0.3% to $1808.90, affected by the rise in US stock indexes and US bond yields.
[01:29]The Dow rose 188 points or 0.5% to 34980 points; the Nasdaq rose 94 points or 0.6% to 14,875 points. It had earlier set a new high of 14888 points, up 108 points or 0.7%; the benchmark index It rose by 14 points to 4417 points. Earlier, it rose to 4423.05 points. Compared with the market high of 4429.97 points on July 29, the difference is only 6.92 points.
[01:18]Bitcoin broke through the US$40,300 mark and reported to US$40,314.22, an increase of 1.3%.
[01:16]The Federal Reserve has accepted US$944.3 billion in fixed-rate reverse repurchase
[00:54]According to market sources, the encrypted asset amendment to the bipartisan infrastructure bill in the US Senate will raise approximately US$23 billion through taxation.
[22:39]The Dow rose 171 points, and the Nasdaq rose more than 0.4%.
[22:08]U.S. stocks expanded, with the Dow rising 169 points, and the Nasdaq and the benchmark index both rising nearly 4%.
[21:30]US stocks opened, the Dow rose 100 points to 34,893 points. The index rose 10 points to 4413 points. The Nasdaq rose nearly 0.2% to 14,802 points.
[21:20]The US trade deficit widened to 75.7 billion U.S. dollars in June, which exceeded market expectations and widened by 7% monthly. The US trade deficit with China was 27.84 billion U.S. dollars, which widened nearly 6% monthly. Among them, the goods deficit was 93.17 billion U.S. dollars, and the service surplus was 17.43 billion U.S. dollars. Export growth slowed to 0.6% in June, and import growth accelerated to 2.1%.
[20:17]Dow futures rose 66 points, and Nasdaq futures rose more than 0.2%.
[17:52]Dow futures rose 79 points to 34769 points. Nasdaq futures rose 28 points to 15,101 points. Standard index futures rose 10 points to 4405 points.
[12:13]Dow futures rose 58 points to 34748 points; standard index futures rose 7 points to 4402 points; Nasdaq futures rose 17 points or 0.1% to 15090 points.
[12:00]JPMorgan Chase reportedly recommends Bitcoin investment funds to private banking clients
[09: 00]Uber’s adjusted EBITDA loss expanded to nearly US$510 million, stock price fell more than 4% after the market
==Following August 4 (Wednesday) Stock Market ==
The number of new jobs created in the United States in July was lower than expected, reflecting that despite the economic improvement, employment recovery still faces obstacles. Fed Vice Chairman Richard Clarida expects that the Reserve Bank may start to reduce the pace of bond purchases later this year, and start raising interest rates in 2023. In addition, the U.S. Treasury Department announced that the scale of refinancing bond issuance will remain at 126 billion US dollars, but it is expected that the scale of bond issuance may be reduced in November. The Dow fell more than 320 points, but the Nasdaq was stable.
See the closing of US stocks:
The Dow Jones Industrial Average fell 323 points to 34,792; the S&P 500 Index fell 20 points to 4402; the Nasdaq rose 19 points to 14,780. General Motors (GM)’s second-quarter results fell short of expectations and did not raise its forecast for this year. Its stock price closed down 8.8%.
Robinhood (U.S.: HOOD), a popular online trading platform for US stocks, rose by 80% in the early morning, triggering a circuit breaker, and closing the market still rose by 50.4%. As of August 4, ARK Invest, a subsidiary of Cathie Wood, has a total of 3 ETFs holding Robinhood. Calculated on the previous trading day, the market value of the holdings exceeded US$300 million.
Clarida said that he believes that the United States will meet the conditions for raising interest rates by the end of 2022. If the economic situation is as estimated by the Federal Reserve, it is expected to raise interest rates in 2023. St. Louis Federal Reserve Bank President James Bullard reiterated that the increase in inflation is temporary, but also pointed out that the Fed no longer needs to purchase debt and should “collect water” as soon as possible and end the plan in the first quarter of next year.
Safe-haven funds flowed into the Treasury bond market, pushing bond prices up, and the yield rate fell accordingly. The 10-year U.S. bond yield was reported at 1.175%; the U.S. dollar rebounded, and the ICE U.S. exchange index rebounded 0.23% to 92.28.
Oil prices fell for three consecutive days, fearing the worsening of the epidemic will hit oil demand. New York oil futures fell 3.4% to US$68.15, and Brent oil futures also fell 2.8% to US$70.38.
[23:32]The Dow fell 287 points, the Nasdaq fell, and the index fell 18 points.
[22:28]The Dow fell 190 points, the Nasdaq fell 9 points, and the index fell 13 points.
[22:20]US St. Louis Reserve Bank President James Bullard said yesterday that US inflation is temporary, but it will last longer than most people expected. It is estimated that inflation will be 2.5 to 3% in 2022. In the meantime, due to possible inflation risks in the future, it is believed that debt purchases should be reduced earlier and completed by the first quarter of next year.
[21:52]Robinhood (US: HOOD) rose sharply, rising by up to 81.6% at one time, reaching as high as $85. The fuse was triggered twice during the session, and it is now up 45% to $67.59. In addition, the U.S. 10-year bond yield plummeted 3% to 1.136%, the lowest since February this year. The Dow fell 173 points, the Nasdaq rose 0.07%, and the index fell 12 points.
[21:30]US stocks opened, the Dow fell 168 points, the Nasdaq fell 9 points, and the index fell 14 points.
[20:23]Dow futures fell 75 points, and Nasdaq futures fell 5 points.
[20:15][U.S. Economy]ADP private employment in the United States increased by 330,000 in July, less than half as expected
[18:48]Dow futures fell 24 points, Nasdaq futures rose 0.08%, and standard index futures fell slightly by 1 point.
[12:03]Dow futures fell 32 points to 34966 points; standard index futures fell 4 points to 4410 points; Nasdaq futures fell 4 points or 0.03% to 15042 points.
[08:30]Lyft’s adjusted EBITDA first recorded profit, revenue beats expectations, stock price rose more than 6% after the market
[07:53]SoftBank reportedly invested in Roche Pharmaceuticals and held US$5 billion in shares to become one of the largest investors
==The following August 3 (Tuesday) stock market==
The United States announced that factory orders in June increased by 1.5%, exceeding expectations, and the final value of durable goods orders increased by 0.9%, also exceeding expectations. Delta, a variant of the new crown virus, is rampant, and market worries have slowed the pace of US economic recovery; however, US companies have performed well, supporting the repeated rebound of US stocks, and the benchmark index has reached a record high in revenue. The U.S. 10-year bond yield fell to 1.15% at one point and then stabilized.
See the closing of US stocks:
The Dow closed up 278 points, or 0.8%, to 35,116 points. The benchmark index rose 0.82% to 4423 points. The Nasdaq rose 0.55% and closed at 14,761 points. European stocks have stabilized repeatedly. Stoxx 600 closed up 0.2%. Oil and gas stocks climbed 2.2%. BP’s stock price rose 5.7%, mainly driven by the news of BP’s outstanding performance and an increase in its earnings forecast.
The quarterly results of US companies are generally satisfactory, with 88% of companies reporting earnings exceeding expectations in the second quarter, supporting investors’ confidence in entering the market. Sports goods maker Under Armour raised its full-year earnings forecast, and its stock price soared by 7.5%.
The United States announced yesterday that factory orders in June increased by 1.5%, beating market expectations of 1%, and the May data was revised upward to an increase of 2.3%. Durable goods orders (final value) increased by 0.9% in June, slightly higher than the 0.8% expected.
James Bullard, president of the St. Louis Fed Bank, regarded as a representative of the Fed’s “hawks”, said that the Fed should start the pace of debt reduction as soon as possible, because the epidemic has caused the US economy to enter a period of large fluctuations and turn into high growth and high growth. In the era of productivity, high inflation and high interest rates, monetary policy needs to be more flexible.
Fed Governor Michelle Bowman said that although the job market continues to improve, it is still expected that positive momentum will continue to emerge in the next few months, and the economy will need more support to fully recover.
The share price of American semiconductor company Nvidia (NVDA: NVDA) is under pressure. According to the news, the British government is considering blocking the acquisition of ARM by Nvidia based on security concerns.
US Senate Majority Leader Schumer said that the Senate will complete the infrastructure and budget bill before the August recess.
[Chip Wars]Britain intends to block Nvidia’s acquisition of Arm on the grounds of Guoan
The new chairman of the U.S. Securities Regulatory Commission reiterated to strengthen the supervision of cryptocurrencies
US SEC chairman guides Bitcoin ETF: accept strict supervision
[02:33]New York September crude oil futures closed down 0.70 US dollars, or 0.98%, to 70.56 US dollars.London Brent October crude oil futures closed down 0.48 US dollars, or 0.66%, to 72.41 US dollars
[02:21]Moderna (MRNA.O) increased its growth to 8%, and its share price continued to hit a new high, with a market value of over US$150 billion. It has become the largest stock of the Baillie Gifford Fund, a long-term value investor with a trillion management scale.
[02:10]U.S. stocks in general education stocks partly rose, Gaotu (GOTU.N) rose more than 20%, New Oriental (EDU.N) rose nearly 7%, and Good Future (TAL.N) rose nearly 5%.
[02:03]The Dow rose 210 points or 0.6% to 35,048 points; the Nasdaq rose 31 points or 0.2% to 14,712 points; the standard rose 25 points or 0.6% to 4412 points
[01:56]New York December gold futures closed down 0.4%, at 1814.10 US dollars.
[01:16]The U.S. Federal Reserve’s use of reverse repurchase tools on Tuesday (August 3rd) was US$9094 billion
[00:10]The Dow maintained an increase of more than a hundred points, the standard index rose above 4400, the Dow temporarily rose 165 points or 0.5%, and the earlier period rose 215 points slightly narrowed; the Nasdaq rose 34 points or 0.2% to 14,715 Points; the index rose 20 points or 0.5% to 4407 points
[23:15]Nvidia’s (NVDA) share price plunged about $5, that is, the market has changed from a rise of about 0.6% to a decline of more than 2.6%. According to Bloomberg News, the United Kingdom is considering an excuse to prevent Nvidia from acquiring the semiconductor design and software company ARM, and may review this transaction in more depth.
[22:32]The Dow rose up to 95 points and is now up 34 points. The Nasdaq once rose 0.3% and fell 0.7%, and is now down 0.4%.
[21:30]US stocks opened, the Dow rose 90 points to 34,930 points, the Nasdaq rose 0.1% to 14,702 points, and the standard index rose 8 points to 4396 points.
[18:57]Dow futures rose 162 points, Nasdaq futures rose 0.1%, and standard index futures rose 17 points. The U.S. 10-year bond yield rose 2.1% to 1.197%.
[12:03]Dow futures rose 76 points to 34797 points; standard index futures rose 7 points to 4387 points; Nasdaq futures rose 13 points or nearly 0.1% to 14,965 points.
[09:00]Alibaba’s earnings in the previous quarter are expected to be flat today
==The following August 2 (Monday) stock market ==
The U.S. Senate reached an agreement on a $1 trillion infrastructure bill and voted on it as soon as this week. Coupled with the generally good performance of U.S. companies and the continued sluggish long-term bond yields, the three major U.S. stock indexes rose in the early stage, and the Dow broke the top; Unfavorable factors such as the intensified decline have dragged down the Dow and the benchmark index from rising to falling, while the Nasdaq has stabilized repeatedly.
See the closing of US stocks:
New York oil futures fell sharply by 4.55% at one point, and fell 3.42% to US$71.42 as of 4 am today. London Brent oil prices fell 3.1%. According to foreign news reports, Saudi Arabia, Kuwait and the UAE increased their oil exports in July. In addition, China’s Caixin Manufacturing Purchasing Managers Index (PMI) reported 50.3 in July, which was lower than expected. Concerns that China’s oil demand may slow down, all of which are detrimental to oil prices.
The Dow closed down 97 points to 34,838 points; the Nasdaq rose 8 points to close at 14,681 points; the standard index fell 8 points to 4387 points. The US report was 92.102.
The German 30-year bond yield fell below zero for the first time since February 5 this year. The US 10-year bond yield also fell to 1.175%.
Square (US: SQ) announced a HK$220 billion acquisition of the Century to acquire Afterpay, an Australian financial technology payment company. Square’s stock price rose by 4.4% at one time, but closed slightly up by 0.6%.
Vaccine developers increased vaccine prices in the latest supply contract. Pfizer’s stock price rose 2.7%, Modena (Moderna) rose first and then fell 2%, and Germany’s BioNTech, which traded on the American Depository Securities Market, rose 3.6%.
The U.S. Federal Reserve’s use of reverse repurchase tools on Monday (August 2) was US$921.3 billion, which was a record high of US$1.0393 trillion recorded last Friday.
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[US stock performance]Square turned 200 million US dollars in the second quarter and fell more than 5% before the market
Square spent more than 220 billion yuan to acquire Australia’s Afterpay, which will be completed as soon as the first quarter of next year
[Xiaopeng 9868]Xpeng Motors’ July delivery increased by 228% year-on-year, and its first July delivery rose by 388%, and its stock price rose by more than 10%
[Best Bank Report]CICC first assigns Xiaopeng Motors a target price of 180 yuan for its “Outperform” rating
Fed reverse repurchase demand exceeds $1 trillion for the first time in history
[02:55]The Dow rose 3 points, the Nasdaq rose 56 points or 0.4%, and the standard rose 5 points
[02:31]New York September crude oil futures closed down 2.69 US dollars, or 3.64%, to 71.26 US dollars.London Brent October crude oil futures closed down 2.52 US dollars, or 3.34%, to 72.89 US dollars
[02:24]The Dow rose 8 points, the Nasdaq rose 55 points or 0.4%, and the standard index rose 2 points; international oil prices fell more than 3%, and New York oil futures fell 3.8% to US$71.11.
[01:52]New York December gold futures closed up 0.3% to US$1822.20
[01:47]The Dow turned down 7 points, the Nasdaq rose more than 0.3% or 52 points to 14,724 points, and the index rose 6 points
[01:06]The three major U.S. stock indexes rose slightly. The Dow rose 22 points to 34,957 points. In the early stage, it rose by 256 points or 0.7% to 35,192 points; the Nasdaq rose 54 points or 0.4% to 4,727 points; Standard index up 4 points
Electric vehicle giant Tesla (US: TSLA) rose 4.8%; Square (US: SQ) rose by more than 10%. The company released the second quarter of 2021 financial report. Total net revenue was US$4.68 billion, a year-on-year increase of 143%; net profit was
204 million U.S. dollars, exceeding analyst expectations, and a net loss of 11.48 million U.S. dollars in the same period last year.
[22:50]The 10-year U.S. Treasury yield suddenly penetrated the 1.2% level, and the Nasdaq rose to 0.5%.
[21:48]Square rose more than 8%.
[21:30]US stocks opened, the Dow opened 170 points higher, 35105 points, the Nasdaq rose 0.5% to 14,737 points, and the standard index rose 19 points to 4415 points.
[20:10]Dow futures rose 115 points, and Nasdaq futures rose nearly 0.5%.
[18:31]Dow futures rose 163 points, and Nasdaq futures rose 0.5%. European stocks maintained their gains, with British and French stocks rising 0.9% and 0.7%, and German stocks rising 0.1%.
[17:13]US stock futures rose, with the three major index futures rising 0.5% to 0.6%.
[17:09]Square (US: SQ) spent US$29 billion to acquire Australia’s Afterpay, which fell more than 4% before the market.
[17:05]HSBC (00005) London stock price rose, the latest rose 0.8%, to 400.55 pence.
[16:30]The final value of the manufacturing PMI in the Eurozone in July was 62.8, better than expected; the final value of the manufacturing PMI in Germany in July: 65.9, which was also better than expected; the manufacturing PMI in July was 60.4 in the UK, in line with expectations; the manufacturing in France in July The final PMI value was 58, which was worse than expected, and was also the lowest level since February.
[15:01]European stock markets generally rose in the early opening period. The German DAX index rose 0.59%, the French CAC40 index rose 0.31%, and the FTSE 100 index rose 0.71%.
[12:59]US stock futures rose, with the Dow, Standard and Nasdaq futures rising 0.4% to 0.5%.
[08: 00]The market worried about the slowdown in the growth of large technology companies. US stocks fell last Friday. The Dow closed at 34,935 points, down 149 points or 0.42%; the S&P 500 closed at 4395 points, down 23 points or 0.54%; the Nasdaq closed at 14672 points, down 105 points or 0.71%.
Amazon’s (US: AMZN) quarterly revenue and outlook were worse than expected, and the market closed down 7.6% last Friday.
Last week, the Dow and Standard Index fell 0.4%, and the Nasdaq fell 1.1%. In summary, in July, the Dow rose 1.3%, the standard rose 2.3%, and the Nasdaq rose 1.2%.
US stocks update last week, please see for details:[Next page]