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The Dow Jones Industrial Average and the Standard & Poor’s 500 Index closed at all-time highs on the second day, Wednesday (25) US stock futures fluctuated, Dow Jones futures first rose and then softened slightly.
1. Volatility of US Stock Futures.
The day after the Dow Jones Industrial Average and Standard & Poor’s 500 Index closed at all-time highs, and before the release of a number of US economic data, including unemployment claims and consumer confidence, futures of US stocks fluctuated on Wednesday (25). Dow Jones futures were down 0.21%, S&P 500 futures were down 0.07% and Starck 100 futures were up 0.24%.
Biden, who was elected president of the United States, was allowed to officially initiate the transition of power. Wall Street opted for more fiscal stimulus measures. Another report said former US Federal Reserve Chairman Yellen will be nominated as Secretary of the Treasury, causing US stocks to close yesterday. The first close broke 30,000 points.
On Monday (23), the United States General Services Administration (GSA) wrote to Biden’s team to inform the Trump administration that it is ready for the transfer of power. Despite successive setbacks from Trump’s legal battle and the odds of a comeback, Trump still insisted on continuing the fight in a tweet Tuesday.
2. Pennsylvania Certified Biden Awards
The legal battle started by US President Trump suffered successive setbacks. On Tuesday (24) Trump faced another setback. Pennsylvania Governor Tom Wolf announced in a tweet Tuesday that the Pennsylvania Secretary of State had certified the results of Pennsylvania’s presidential election. It confirms that Biden defeated Trump and obtained 20 electoral votes.
Foreign media predict that Biden will get 306 electoral votes, 36 votes more than the electoral threshold, while Trump will get 232 votes.
US President-elect Biden agreed to the first post-election media interview on Tuesday, telling NBC News that the first task within 100 days of entering the White House will be dealing with the project. immigration law and repeal the executive order of current President Trump.
Biden said: “I promise to take office for another 100 days. I will send the immigration bill to the Senate for a vote, so that more than 11 million undocumented people have access to citizenship.” However, the results of the two-seat two-seat January runoff in Georgia may still be final. For Republicans to get more than half of the requirements for the Senate, it is not easy to pass the immigration bill.
3. France will continue to charge a digital tax in 2020, GAFA will not be spared
The French Finance Ministry said on Wednesday (25) that France will require tech giants to pay a new “digital tax” on their 2020 income. Although the United States has previously stated that once a digital tax is imposed, it may impose new ones. tariffs on French imports in retaliation.
Treasury officials said companies that have to pay taxes have been notified, especially US tech giants Google (GOOGL-US), Amazon (AMZN-US), Facebook (FB-US) and Apple (AAPL-US).
Washington has said that charging a digital tax is an unfair business practice because it largely targets American businesses and can cause tension between the two countries.
The Office of the United States Trade Representative (USTR) will impose a 25% duty on French handbags and cosmetics worth $ 1.3 billion. Previously, the United States had threatened to impose 100% tariffs on champagne and cheese exported from France to the United States.
4. Epidemic increases PC demand, Dell’s third-quarter performance is good
Dell’s last quarter financial report (DELL-US) was better than analysts expected, showing that the trend for home offices continues to grow and that laptop sales and shipments remain strong. US stocks fell 0.04% before the market.
Dell announced its third-quarter financial report for the fiscal year ended October 30. Revenue increased 2.8% to US $ 23.5 billion, and EPS, excluding some items, was US $ 2.03, both better than Wall Street expected; last quarter PC sales force for consumers Increased by 14% to US $ 3.5 billion, and PCs for corporate and government customers also increased by 5.4% to US $ 8.78 billion American dollars.
Dell estimates that this quarter’s revenue will grow 3-4% compared to the third quarter, but data center spending could remain weak this quarter.
5. PC demand is booming, HP earnings report good
HP announced its financial report for the fourth fiscal quarter (end of October). Revenue fell 1% to US $ 15.3 billion. Diluted EPS reported 62 cents, which was better than analyst estimates.
HP also estimates that the adjusted EPS for this season (Q1) will be between 64 and 70 cents, higher than the 54 cents estimated by Wall Street.
HP Chief Executive Officer Enrique Lores said in the income statement: “Fourth quarter performance beat expectations from the previous quarter. With innovation and execution, revenue, operating profit, earnings per share and cash flow they continued to grow. “
HP’s financial report shows that in the fourth quarter, the home office trend continued to drive the performance of the PC-based and notebook-based personal systems division (Personal Systems) continued to perform strongly. Among them, consumer business revenue grew, business business fell 12%, and laptop computers Revenue was US $ 7.41 billion, an annual growth of 18%, total computer shipments reached 19 million units, a annual increase of 7% and laptop shipments increased 25%, however, desktop computer shipments decreased 31%.
Hewlett-Packard Acting Chief Financial Officer Marie Myers said in a conference call that Chromebooks are the top performers in HP’s sales performance and related merchandise revenue has doubled.
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