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On Tuesday (17) the new crisis of the crown in the United States continued to worsen and the threat of a new round of economic blockade was growing. Retail sales data was weak. The prices of crude oil, the US dollar and gold fell. US stocks fell from yesterday’s closing high and the Dow Jones closed over 160 points. .
Fed Chairman Jerome Powell said the US economy still has a long way to go before it can fully recover from the new corona pandemic. Once again, he called on Congress to pass a new round of stimulus bills to help stranded American businesses and the unemployed. .
Senate Majority Leader McConnell said Tuesday that he is willing to accept a new $ 500 billion stimulus package to ease the economic pain caused by the epidemic, but has yet to speak with Biden or Democrats in the House of Representatives.
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 55.2 million and the number of deaths has exceeded 1.33 million .
The cumulative number of confirmed cases in the United States exceeds 11.2 million and the cumulative number of deaths exceeds 247,000. Ohio, Illinois, and Pennsylvania in the United States have developed new epidemic prevention measures.
Tuesday (17) the performance of the four main stock indices of the United States:
- The Dow Jones index fell 167.09 points, or 0.56%, to close at 29,783.35 points.
- The S&P 500 Index fell 15.56 points, or 0.43%, to close at 3,611.35 points.
- The Nasdaq index fell 24.79 points, or 0.21%, to close at 11,899.34 points.
- The Philadelphia Semiconductor Index fell 22.02 points, or 0.86%, to close at 2,548.96 points.
The five kings of science and technology mixed. Apple (AAPL-US) fell 0.76%; Facebook (FB-US) fell 1.42%; Alphabet (GOOGL-US) fell 0.70%; Amazon (AMZN-US) was up 0.15%; Microsoft (MSFT-US) fell 1.28%.
The 30 shares of the Dow Jones were also mixed. Walgreens and Boots (WBA-US) plummeted 9.63%; Boeing (BA-US) was up 3.78%; Home Depot (HD-US) Down 2.54%; Sales Force (CRM-US) Increased 2.51%; Walmart (WMT-US)) fell 2.17%.
The shares of half of the components of the fee received more minimums. AMD (AMD-US) fell 0.44%; Intel (INTC-US) fell 1.43%; NVIDIA (NVDA-US) fell 0.69%; Qualcomm (QCOM-US) fell 0.22%; Micron (MU-US) was up 0.21%.
Only Chunghwa Telecom received dividends for the Taiwan ADR. TSMC ADR (TSM-US) fell 3.50%; ASE ADR (ASX-US) fell 1.18%; UMC ADR (UMC-US) fell 2.26%; Chunghwa Telecom ADR (CHT-US) was up 0.24%.
Featured Stock News
After acquiring the online pharmacy PillPack in 2018, the e-commerce giant Amazon (AMZN-US) finally launched its online pharmacy service in the United States on Tuesday (17). Amazon’s share price rose 0.15% to $ 3,135.66 per share.
However, news from Amazon’s online pharmacy service hit rivals CVS Health (CVS-US) with a drop of 8.59%, and Walgreens Boots Alliance (WBA-US) with a drop of 9.63%. .
Tesla (TSLA-US) is about to be listed on the S&P before the end of the year, following news that Tesla’s share price rose more than 8% on Tuesday to $ 441.61 per share. .
Wal-Mart’s same-store sales in the third quarter in the United States increased 6.4%. Online sales increased 79%. Wal-Mart (WMT-US) fell 2.17% to $ 149.37 per share.
Goldman Sachs (GS-US) closed up 1.03% and fell almost 0.05% after the market Foreign media reported that Goldman Sachs is planning a second round of layoffs.
Economic data
- The annual growth rate of retail sales in the United States in October was 5.7%, compared to the previous value of 5.3%.
- The monthly growth rate of retail sales in the United States reported 0.3% in October, which is expected to be 0.5%. The previous value was revised down from 1.9% to 1.6%
- The monthly growth rate of US industrial production in October registered 1.1%, which is expected to be 1.0%. The previous value was revised up from -0.6% to -0.4%
- US capacity utilization rate reported 72.8% in October, expected to be 72.3%, previous value revised up from 71.5% to 72.0%
- November US NAHB Housing Market Index reported 90, expected 85.0, previous value 85.0
Wall Street Analysis
Joseph Sroka, chief investment officer at NovaPoint, said this will be a battle between the vaccine and the virus, which will be fickle until the vaccine is officially released. It’s like being on the edge of a valley, I can look down and see the increasing number of cases, or I can see the vaccine coming out the opposite side.
StoneX’s global market strategy Yousef Abbasi said the market is in an awkward time as investors try to weigh the recent COVID-19 trend and the possibility of the economy being very tough in the coming months as well such as optimism and progress in vaccine development.
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