[ad_1]
Financial Sector US Stocks News, December 22 Beijing time, investors weighed the GDP data and the progress of the new corona epidemic. At the same time, the US Congress passed the new $ 892 billion novel coronavirus fiscal stimulus bill, which did not comfort investors much. US stocks were opened. Nasdaq tech stocks profiting from domestic isolation rose again;Tourism, non-ferrous metals, oil and other sectors fell,Apple plans to achieve a 2.3% openness in EV production starting in 2024, and Peloton will increase by more than 10%.Aurora has entered into a cooperation with the world’s leading new energy vehicle manufacturer and has exploded by almost 80%.
Publication deadline,The Dow Jones Index fell 44.15 points, or 0.15%, to 30172.30 points;The S&P 500 Index fell 1.77 points, or 0.05%, to 3,693.15 points;The Nasdaq Composite Index rose 38.63 points, or 0.30%, to 12,781.14 points.
Despite the mutation of the new corona virus in the UK, European stocks still rose more than 1%. The Shanghai Composite Index fell 1.86%, the Nikkei 225 Index fell 1.04% and the KOSPI index for South Korea fell 1.62%. WTI crude oil futures fell 1.6% to $ 47.19 a barrel. Brent crude futures fell 1.4% to $ 50.20 a barrel. The US dollar index rose 0.3% to 90.31. US COMEX gold futures fell 0.2% to $ 1,878.55 an ounce.
The United States Senate passed huge bailouts, grants, and tax cuts.
The United States Senate passed a massive year-end spending bill on Monday night, combining $ 900 billion in Covid-19 relief assistance with $ 1.4 trillion in regular government funding and a series of tax relief policies for companies. The bill was previously approved by the House of Representatives and will now go to President Donald Trump. Trump’s aides said that when the bill reaches the White House this week, Trump will sign it. The Senate and House of Representatives also passed a seven-day appropriation bill to avoid partial suspension of government while broader legislation is prepared for the president.
The bill is worth more than $ 2.3 trillion and includes the second-largest economic aid measure in U.S. history, second only to the Coronavirus Relief Aid and Economic Security Act. of 1.8 billion (Cares Law) approved in March. When the epidemic slowed the world’s largest economy, economists said this aid should be enough to prevent the United States from suffering a second recession next year, but risks still remain.
“This latest financial rescue plan will increase the real GDP growth rate in the first quarter of 2021 to an annualized rate by approximately 1.5 percentage points, and the growth rate for calendar year 2021 by almost 2.5 percentage points. “said Mark Zandi of Moody’s Analytics. “If legislators fail, the economy may experience a second recession in early 2021.”
Trump signed the federal appropriations bill on December 28.
Trump signed a 7-day government spending bill to allow the government to continue operating until December 28. According to the White House statement, President Trump signed a bill to provide funds to federal agencies through Dec. 28.
US GDP growth in the third quarter of 33.4%; estimated growth of 33.1%
The US Bureau of Economic Analysis stated that GDP fell 31.4% in the previous quarter. The 60 economists’ forecast for third-quarter GDP ranged from a 32.9% increase to a 33.7% increase.
Personal consumption increased 41% in the third quarter, after falling 33.2% in the previous quarter. The GDP price index increased 3.5% in the third quarter, after a 1.8% drop in the previous quarter. The core price index for personal consumption spending in the third quarter increased 3.4% compared to the previous quarter and fell 0.8% in the previous quarter.
The total market value of global stocks exceeded $ 100 trillion for the first time, exceeding 20% of global GDP
The latest data shows that the total market value of global stocks has passed the $ 100 trillion mark for the first time. The market expects the new crown vaccine to promote economic recovery, and large-scale monetary easing measures and fiscal stimulus policies in several countries have also boosted share prices. Currently, the total market value of global stocks has exceeded 20% of global GDP, an all-time high, but concern over the overheating of the stock market has continued.
From a multi-industry perspective, the market value of software and other technical services industries increased by 57%, ranking first among the major industries. Second, the consumer durables industry, including automobiles and gaming-related products, rose 47%. The healthcare industry also reached 28%. On the other hand, the energy industry became the biggest loser and the total market value of the shares fell 17%. The financial industry, whose profits have been reduced under the policy of large-scale monetary easing, is also down 5%.
From the perspective of different countries and regions, it is China and the United States that have contributed to the growth of the total market value. Among them, the total market value of US stocks increased by 21% to US $ 42 trillion, and the total market value of A shares increased by 48% to exceed US $ 9 trillion. The Japanese stock market grew by just 10% and stopped at $ 7 trillion, widening the gap with China. The European stock markets grew 6% and were in a state of weak growth.
The United States has racked up more than 18 million confirmed cases of new corona, and many countries have issued flight bans with the United Kingdom.
The latest statistics of the new corona epidemic released by Johns Hopkins University in the United States on the 21st show that the cumulative number of confirmed cases in the United States exceeds 18 million. As of 6:22 PM on the 21st US Eastern Time (7:22 AM on the 22nd Beijing Time), a total of 1,800,061 confirmed cases and 319,190 deaths have been reported in the United States. The United States has the highest cumulative number of confirmed cases and the highest cumulative number of deaths in the world.
Since November 3, the number of new confirmed cases in the United States has remained above 100,000 in a single day. Starting in December, the number of new confirmed cases and the number of new deaths in a single day in the United States has accelerated. The spread of the new corona virus in some parts of the UK has recently accelerated and the British government is investigating whether this is related to the mutant strain called “VUI-202012/01”. This situation has drawn international attention and many countries have issued flight bans with the UK.
SkyBridge Capital Requests the US Securities and Exchange Commission to Launch a Bitcoin Fund
According to foreign media reports, hedge fund SkyBridge Capital, a billion dollar hedge fund owned by hedge fund predator Anthony Scaramucci, has submitted a formal request to the US securities regulator for the launch. of a new Bitcoin fund. According to the document, the proposed fund is classified as a hedge fund.
Hyman Capital Founder: Bond Market May Not See Bear Market Again
Hyman Capital founder Kyle Bass said in an interview that in the past, many people, including American investment guru Gundlach, announced the end of the bull market in the bond market when they saw interest rates fall by just 100 basis points. But as interest rates fall, policymakers can only allow interest rates to rise to a certain level, otherwise problems will arise.
BioNTech: ability to provide a new vaccine against the new coronavirus variant in 6 weeks
The head of BioNTech said that it can provide a new vaccine within 6 weeks to deal with the new strain of the new coronavirus discovered in the United Kingdom. The vaccine developed jointly by BioNTech and Pfizer Pharmaceutical Co., Ltd. is highly likely to be effective against new strains, that even if a new vaccine is needed, they can produce and provide the vaccine in 6 weeks.
Google, Microsoft, etc. Inject Over $ 100 Million Into India’s Josh Short Video App
VerSe Innovation, the parent company of Indian short video app Josh, announced Tuesday that it has completed a funding round, raising more than $ 100 million from investors including Google and Microsoft. Google also announced a capital injection into VerSe on Tuesday, adding that it also invested in mobile advertising technology company InMobi, but did not provide any financial details of these investments.
Wedbush: Increase Tesla Price Target to $ 715, Keep Rating Neutral
Wedbush analyst Daniel Ives raised Tesla’s price target from $ 560 to $ 715, maintaining a neutral rating. Ives said that in the next five years, the demand for electric vehicles is expected to increase from 3% to 10%, and Tesla will occupy most of the market share, especially in the Chinese market. By 2022, the company’s deliveries to the Chinese market may represent 40% of its total.
Apple Apple Car may launch in September next year
According to media reports, Apple’s first electric car prototype, Apple Car, has been road tested in California and will be launched in the third quarter (September) of next year, at least two years before the original speculation.
According to the cited supplier, Apple has recently introduced warehousing requirements for auto parts companies such as Heda, BizLink-KY, Heqin and Tomita, and included relevant companies in the first wave of supply chains. In response to demand for Apple Car stock, manufacturers like Heda and Bizlink have skyrocketed orders.
NIO will launch its first sedan on NIO Day on January 9.
On December 22, Qin Lihong, co-founder and president of Weilai Automobile, revealed at the 100kWh battery swap meeting that at the NIO Day event held on January 9, 2021, Weilai will launch its first car, 150kWh battery, Platform autonomous driving NT2.0 and replacement of second generation power plant. This car may be Weilai’s first smart electric car, based on the previous Weilai ET Preview concept car, and it may be called Weilai ET 7.
Source: financial industry websiteReturn to Sohu to see more
Editor:
Disclaimer: The opinions in this article only represent the author himself. Sohu is an information publishing platform. Sohu only provides storage space services.
[ad_2]