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Optimistic vaccine news from Pfizer prompted the launch of stock rotations. On Tuesday (10), technology stocks and stocks related to the housing economy suffered a selloff for several days. All three major indices from S&P, Nasdaq and Fisitalia closed black, and chip stocks were stained with blood. Driven by industrial stocks, the Dow Jones barely closed above 260 points.
Uncertainty is still secretly brewing: After Biden, the Democratic candidate in the US elections, predicted his victory, US President Trump refused to accept the election results. On Tuesday (10) Trump reiterated that the fraud in the vote counting in the elections was repeated. It’s shameful to admit defeat.
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 50.9 million and the number of deaths has exceeded 1.26 million . The cumulative number of confirmed cases in the United States exceeds 10.1 million and the cumulative number of deaths exceeds 238,000.
Tuesday (10) the performance of the four main US stock indices:
- The Dow Jones index rose 262.95 points, or 0.90%, to close at 29,420.92 points.
- The S&P 500 Index fell 4.97 points, or 0.14%, to close at 3,545.53 points.
- The Nasdaq index fell 159.93 points, or 1.37%, to close at 11,553.86 points.
- The Philadelphia Semiconductor Index fell 75.26 points, or 3.01%, to close at 2,422.33 points.
The five kings of science and technology collapsed. Apple (AAPL-US) fell 0.28%; Facebook (FB-US) fell 2.27%; Alphabet (GOOGL-US) fell 1.35%; Amazon (AMZN-US) fell 3.46%; Microsoft (MSFT-US) fell 3.38%.
30 Dow Jones shares closed higher. Walgreens and Boots (WBA-US) rose 6.45%; Boeing (BA-US) rose 5.20%; Chevron (CVX-US) rose 4.62%; the sales force (CRM-US) fell 4.50%; 3M (MMM) -US) was up 3.49%.
The fee is stained with blood. AMD (AMD-US) fell 6.17%; NVIDIA (NVDA-US) fell 6.31%; Intel (INTC-US) fell 0.35%; Qualcomm (QCOM-US) fell 1.75%; Micron (MU-US) fell 0.98%.
Taiwan ADR shares closed lower. TSMC ADR (TSM-US) fell 1.54%; ASE ADR (ASX-US) increased 0.40%; UMC ADR (UMC-US) fell 5.11%; Chunghwa Telecom ADR (CHT-US) fell 0.78%.
Featured Stock News
On Wednesday, Taipei time, Apple’s third conference will be held. In addition to launching its own M1 chip based on the ARM architecture design and 5nm process, and three new Mac products equipped with this chip, namely MacBook Air, MacBook Pro and Mac Mini.
The world’s biggest shopping spree, such as Tmall Double 11. However, Alibaba (BABA-US) fell 8.26%, Jingdong (JD-US) fell 5.63%, Pinduoduo (PDD-US) fell a 2.87% and VIP. -US) fell 3.23%.
Eli Lilly and Company (LLY-US) was up 2.97%. The United States Food and Drug Administration (FDA) has approved the emergency use of its new corona antibody therapy. After the positive news about treatments and vaccines came out, ZOOM (ZM-US) fell 9.01%.
Two new Microsoft Xbox game consoles (Xbox Series X and S) were officially launched on 11/10 and physical blockbuster events were held at three locations in Taiwan. Microsoft fell 3.38%.
The Federal Aviation Administration (FAA) is expected to lift the Boeing 737 MAX ban in the near future. It is expected to approve the Boeing 737 MAX to come and go as early as November 18. Boeing (BA-US) was up 5.20%.
BYND-US (BYND-US) announced its third-quarter after-market financial report on Monday, which was well below Wall Street’s expectations, and its share price fell 16.94%.
Economic data
- October US NFIB Small Business Index reported 104, expected 104.2, old value 104.0
Wall Street Analysis
Tim Ghriskey, chief investment strategist at Inverness Counsel, said that after the vaccine (Pfizer) was announced, the US stock market experienced a significant turnover. This is a dramatic change. Once the vaccine is widely vaccinated, the economy is expected to return to some form of normalcy.
Tim Ghriskey said it should be noted that the second wave of the epidemic is currently raging, with a record number of human infections, but at least so far, once the virus is eradicated, the market may overcome the economic pain and improve the beautiful days. .
Tim Ghriskey also mentioned that Trump’s charade has caused people to worry about the smooth transition of government in the coming months, and the flames emerging from Washington, DC are fierce and continue to burn.
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