[ad_1]
The number of confirmed cases increased in many countries around the world and the COVID-19 virus variant was discovered in the UK. Efforts to prevent the global epidemic have increased. Dow Jones and Standard & Poor’s closed lower on Tuesday (22). Banking and aviation stocks fell. Apple Car is rumored to be produced at the earliest in 2024. Apple’s stock price has risen nearly 3% against trend, and Tesla and other electric car stocks have generally fallen.
The US Senate and House of Representatives approved a long-delayed stimulus plan of nearly $ 900 billion and approved the federal budget spending plan of $ 1.4 trillion before the government closed. President Trump signed the federal spending bill, but has not yet signed it.
The growth rate of the U.S. gross domestic product (GDP) in the third quarter was revised slightly to 33.4%, but consumer confidence plummeted to 88.6 in December, a two-month decline, no away from 85.9 during the severe epidemic in May.
US President-elect Biden has warned that the “darkest day” of the epidemic has yet to come and that Congress should be ready to introduce more stimulus measures next year.
The UK has discovered a variant of the virus and announced stricter social norms and restrictions on business activities. Many European countries have implemented travel bans. New York Governor Andrew Cuomo called for similar measures. The development of the epidemic has attracted attention.
Once again, investors were drawn to the unfolding epidemic: Aviation stocks, banking stocks and energy stocks fell, while technology stocks rose. Although the US Congressional stimulus package contains $ 15 billion to help airlines pay wages, investors are more concerned that the development of the epidemic means that tourism demand will not recover for a while. ; the stocks of the banks most sensitive to the economic cycle ended lower.
The global epidemic of new corona pneumonia (COVID-19) continues to have a fever. According to real-time statistics from Johns Hopkins University in the United States, the number of confirmed cases worldwide has skyrocketed to more than 77.8 million and the number of deaths exceeded 1.71 million. In the United States, more than 18.16 million cases have been diagnosed and at least 322,000 have died.
Tuesday (22) the performance of the four main stock indices of the United States:
- The Dow Jones index fell 200.94 points, or 0.67%, to close at 30,015.51 points.
- The S&P 500 Index fell 7.66 points, or 0.21%, to close at 3,687.26 points.
- The Nasdaq index rose 65.40 points, or 0.51%, to close at 12,807.92 points.
- The Philadelphia Semiconductor Index fell 3.32 points, or 0.12%, to close at 2,743.97 points.
The five kings of science and technology mixed. Apple (AAPL-US) rose 2.85%; Facebook (FB-US) fell 2.09%; Alphabet (GOOGL-US) fell 0.83%; Amazon (AMZN-US) was up slightly 0.01%; Microsoft (MSFT-US) rose 0.61%.
The constituent shares of the Dow Jones fell more and rose less. Walgreen Boots (WBA-US) fell 3.44%; Amgen (AMGN-US) fell 2.78%; Goldman Sachs (GS-US) fell 2.68%; Chevron (CVX-US) fell 2.01%; Development Heavy Industries (CAT-US) fell 1.99%. Salesforce (CRM-US) was up 2.08%.
Fei’s semicomponent stocks were mixed. Micron (MU-US) fell 1.44%; Lam Research (LRCX-US) fell 1.30% and Kelei (KLAC-US) fell 1.22%. Cree (CREE-US) rose 4.09%; Qorvo (QRVO-US) was up 1.33%; Skylink (SWKS-US) was up 1.16%.
Taiwan ADR shares closed black. TSMC ADR (TSM-US) fell 0.85%; ASE ADR (ASX-US) fell 1.95%; UMC ADR (UMC-US) fell 3.09%; Chunghwa Telecom ADR (CHT-US) fell 0.33%.
Focus actions
Apple (AAPL-US) bucked the trend and was up 2.85%. Reuters reported that Apple plans to produce autonomous electric vehicles starting in 2024. It can use state-of-the-art battery technology of its own development and can seek external partners to bring the Lidar technology.
Tesla (TSLA-US) continued to decline after being included in the S&P 500 index, falling 1.46% to $ 640.34.
Electric vehicle stocks overall declined: NIO-US (NIO-US) fell 2.86%, Xiaopeng Motors (XPEV-US) fell 4.1% and Ideal Motors (LI-US) fell 4.78 %.
Aviation and pleasure travel stocks fell dramatically. American Airlines (AAL-U) fell 3.9%, United Airlines (UAL-US) fell 2.5%, Carnival Cruise Line (CCL-US) fell almost 6% and Norwegian Cruise Line (NCLH-US) ) Fell 6.9%.
Amgen (AMGN-US) fell 2.78% The asthma drug developed jointly by the company and AstraZeneca in the UK did not work as expected in the last experimental stage.
Peloton (PTON-USA) increased by 11.65%. The fitness equipment startup agreed to buy Precor, a well-known fitness equipment company, for $ 420 million to expand production capacity and R&D capabilities in the United States. The transaction will be completed in 2021.
Solar power shares continued to rise: JinkoSolar (JKS-US) soared 10.01% and Sunpower (SPWR-US) soared 11.41%.
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%.
- Richmond Fed December Manufacturing Index reported 19.0, expected 11.0, previous value 15.0
- The Consumer Confidence Report from the US Consultative Conference in December was 88.6, it was expected to be 96.7 and the previous value was 92.9
- Total annualized sales of existing homes in the United States in November reported 6.69 million, which is expected to be 6.7 million, and the previous value was 6.85 million.
- The annualized monthly growth rate of existing home sales in the United States in November reported -2.5%, expected -2.2%, previous value 4.3%
Wall Street Analysis
Steven Ricchiuto, chief economist at Mizuho US, said the US Congress approved a nearly $ 900 billion stimulus plan, which did not drive the stock market rise, which may be related to the tightening of the US fund. investment portfolio at the end of the year. BNP Paribas estimates that between US $ 63 billion and US $ 85 billion will be transferred from the stock market to the bond market before the end of the year.
Ricchiuto said: “Investors who have received good returns this year have already made their investment plans for the end of the year and may wish to be as neutral as possible.”
Tom Essaye, founder of Sevens Report, said that the passage of the stimulus bill by Congress only reinforces the reality that the economy and the market face structural headwinds.
Jonathan Golub, chief US equity strategist at Credit Suisse, predicts that the economy and market still have a bumpy road before consumer spending picks up strongly in 2021. “I don’t think this is a road ahead. easy. The economic restart process will be very torturous in the next three or four months. “
[ad_2]
