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After the US Congress broke the deadlock for several months and approved the second-largest fiscal stimulus in history, US stocks opened unchanged on Tuesday (22). The Dow Jones industrial average fell 45 points or 0.2%, and the Nasdaq index rose 0.3%. Both the General Index 500 and the Feiban fell 0.04%. After rumors that Apple Car will be released in 2024, Apple opened more than 3%.
After months of stalemate, the United States Senate and House of Representatives finally approved a fiscal stimulus measure of approximately $ 892 billion on Monday (21), and then sent it to Trump for his signature. The White House has previously stated that Trump will sign the bill. . Congress also approved a $ 1.4 trillion budget plan before the federal government’s shutdown deadline.
In terms of economic data, the final value of third-quarter GDP growth in the United States was 33.4%, slightly higher than the initial value of 33.1%, which also helped boost market sentiment.
To curb the new variant of the corona pneumonia virus, the UK has imposed strict restrictions on domestic business and social activities, and some countries have also implemented travel bans. The advance of the epidemic continues to arouse the attention of all walks of life.
According to data from Johns Hopkins University, as of Monday (21), the cumulative number of confirmed cases of new coronary pneumonia worldwide reached 77.52 million, and the cumulative number of deaths was 1.7 million.
Starting at 10:00 p.m. on Tuesday (22) Taipei time:
- The Dow Jones Index fell 45.84 points, or -0.15%, to 30,170.61 points temporarily.
- Nasdaq was up 34.20 points, or 0.27%, to 12,776.72 points temporarily
- The S&P 500 Index fell 1.49 points, or -0.04%, temporarily to 3,693.43 points.
- Rates and a half fell by 0.99 points or -0.04%, temporarily reported at 2746.30 points
- TSMC ADR rises 0.19% to $ 105.03 per share
- Yield on 10-year US Treasuries fell to 0.920%
- New York light crude oil fell 1.54% to $ 47.23 a barrel
- Brent crude oil fell 1.28% to $ 50.26 a barrel
- Gold rose 0.15% to $ 1,885.60 an ounce
- The US dollar index rose 0.20% to 90.125 points
Focus actions:
Apple (AAPL-US) was up 3.33% in early trading to $ 132.50.
People familiar with the matter revealed to Reuters that Apple’s Apple Car is expected to go on sale in 2024 at the earliest and to adopt new “Next Level” battery technology. The Apple Car research and development project, also known as “Project Titan”, was exposed as early as 2014. Although the process encountered setbacks, in 2018, after bringing back Doug Field, the former vice president of hardware engineering from Tesla, Titan Project Paint is finally on the right track.
Peloton (PTON-US) was up 9.07% in early trading to $ 157.49.
Peloton, an American fitness equipment startup, agreed to buy Precor, a well-known fitness equipment manufacturer, for $ 420 million to expand its production capacity and R&D capabilities in the United States. It is expected to complete the acquisition in 2021.
Peloton stated in the statement that it will purchase Precor’s plants in Whitsett, North Carolina and Woodinville, Washington. The short-term goal is to accelerate the delivery of existing customers, and in the long term, it will effectively expand the commercial market.
Fitbit (FIT-US) fell 5.39% in early trading to $ 6.85.
Although the Fitbit acquisition was approved by EU regulators, Australian regulators still refused to accept Google’s acquisition of Fitbit on the grounds of creating a market monopoly. It is expected to officially announce whether it approves the acquisition in March next year.
Daily key economic data:
- The final value of the quarterly growth rate of real GDP in the United States in the third quarter is 33.4%, which is expected to be 33.1%, and the previous value is 33.1%
- The final value of the quarterly growth rate of US consumer spending in the third quarter was 41.0%, compared to 40.6% previously
- The ending value of the US Q3 Basic PCE Index quarterly growth rate is 3.4%, and the old value is 3.5%.
- At 11pm Taipei time, the Richmond Fed December Manufacturing Index will be announced, which is expected to be 12.0 and the previous value is 15.0.
- At 23:00 Taipei time, consumer confidence will be announced at the December US Consultative Conference, which is expected to be 97.5 and the above value is 96.1
- At 23:00 Taipei time, the annualized total number of existing home sales in the United States in November will be announced, which is expected to be 6.7 million, and the previous value was 6.85 million.
- At 23:00 Taipei time, the annualized monthly growth rate of existing home sales in the United States will be announced in November, expected: 2.2%, previous value 4.3%
Wall Street Analysis:
Naeem Aslam, chief market analyst at AvaTrade, said the main dilemma for investors is whether the new mutated coronavirus is more dangerous than the existing virus. The World Health Organization does not think the mutated virus is more dangerous, but from the perspective of consumer and investor sentiment. From this point of view, the mutant virus is likely to cause further damage to the world economy.
Ames Knightley, chief international economist at ING Groep, said that the financial rescue plan will undoubtedly alleviate some of the negative effects, but unfortunately, considering that many companies face severe restrictions and even forced to close, the rescue plan cannot yet compensate. completely stay at home. The impact of evasion.
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