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Finally the day of the American elections arrived. Investors are expected to avoid delayed or controversial results. US stocks opened higher on Tuesday (3).
The RealClearPolitics national opinion poll shows Democratic candidate Biden leading Trump by 6.7%, and data shows that Biden maintains the lead in swing states.
Value stocks continued to lead this week to a good start. After the Ant price hit the rocks, Alibaba tumbled. Financial and technology stocks led the increase. All four major indices closed in the red and the Dow Jones closed with more than 500 points.
The global epidemic of new corona pneumonia (COVID-19) continues to have a fever. Before the deadline, according to real-time statistics from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 46.9 million and the number of deaths has exceeded 1.2 million .
The cumulative number of confirmed cases in the United States exceeds 9.29 million and the cumulative number of deaths exceeds 231,000. On Monday, the 21 US states, including Michigan, Ohio and Pennsylvania, and other key changing states, had a record of average diagnoses in a single day. One study found that since February, nearly 20% of New York City has been infected with the disease, reaching 1.7 million people.
On Tuesday (3) the performance of the four main US stock indices:
- The Dow Jones index rose 552.35 points, or 2.05%, to close at 27,477.40 points.
- The S&P 500 Index rose 57.28 points, or 1.73%, to close at 3,367.52 points.
- The Nasdaq index rose 202.96 points, or 1.85%, to close at 11,160.57 points.
- The Philadelphia Semiconductor Index rose 42.66 points, or 1.89%, to close at 2,302.73 points.
The big five tech giants collectively rose up. Apple (AAPL-US) rose 1.54%; Microsoft (MSFT-US) was up 2.03%; Amazon (AMZN-US) rose 1.46%; Alphabet (GOOGL-US) was up 1.31%; Facebook (FB-US) was up 1.51%.
The constituent shares of Dow Jones closed higher. Walgreens and Boots (WBA-US) rose 4.41%; Goldman Sachs (GS-US) rose 3.94%; Boeing (BA-US) rose 3.42%; Hanwei United (HON-US) rose 3.29%; Disney (DIS) -US) was up 3.25%.
Almost all of Fei’s half-component shares were up. AMD (AMD-US) was up 2.50%; Intel (INTC-US) rose 0.83%; Micron (MU-US) was up 2.72%; NVIDIA (NVDA-US) was up 3.49%; Qualcomm (QCOM-US) was up 1.15%.
The ADR for Taiwan stocks rose simultaneously. UMC ADR (UMC-US) rose 2.97%; TSMC ADR (TSM-US) rose 2.27%; ASE ADR (ASX-US) rose 1.08%; Chunghwa Telecom ADR (CHT-US) was up 0.16%.
Featured Stock News
The Shanghai Stock Exchange and the Hong Kong Stock Exchange of China announced on the 3rd that they will suspend the listing of Alibaba’s Ant Group Scientific and Technological Innovation Board. Alibaba (BABA-US) plunged 8.13% to $ 285.57 a share.
PayPal (PYPL-US) has a good profit in the third quarter. Non-GAAP earnings per share growth in the fourth quarter is expected to fall between 17% and 18%. The financial forecast for the fourth quarter is lower than expected, and its share price fell 4.23%.
American semiconductor provider Skyworks Solutions (SWKS-US) has excellent financial reports and latest financial estimates, with net earnings per share of $ 1.85 and revenue of $ 957 million, but its share price fell by 2.34%.
Cirrus Logic (CRUS-US), a factory-less semiconductor company, posted much better earnings in its latest earnings report, with net earnings per share of $ 1.26 and revenue of $ 347 million. The price of its shares rose 3.93%.
Ferrari (RACE-US) With increased production and optimistic financial forecasts, the company’s share price rose 7.02%.
Wall Street Analysis
Although people have expectations about the outcome of Election Day, the market has not fully offset the possibility of Trump winning the election. Most importantly, the results may not be known for days or weeks, which can inject new actions into action. Volatility.
Peter Boockvar, chief investment officer at Bleakley Advisory Group, said: “What if we don’t know the winner for days or weeks? This is disturbing, but the uncertainty shouldn’t last more than a week or two, but still sell? “
Jim Paulsen, chief investment strategist at Leuthold Group, said that as the general election approaches, investors who had previously sold out due to rumors can now buy on the news. After falling almost 10% last month, they finally started buying on dips. Up.
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