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On Wednesday (23), the US economic data was mixed. Trump was not satisfied with the scale of the new stimulus bill. At the time of profit taking at the end of the year, political uncertainty put pressure on the market. Driven by rising oil prices, Wall Street funds turned to energy and tourism. , Aviation and various cyclical industries.
On Wednesday, the top four US stock indices were mixed. Apple and Microsoft led the drop in tech stocks. Nasdaq and Fees closed black. Dow Jones closed slightly red. The S&P tumbled in the final minutes and gave up most of the gains. , The final S&P index was almost flat.
US President Trump is dissatisfied with the new US $ 900 billion stimulus bill passed by Congress, which requires the distribution of national cash to be increased from the US $ 600 in the bill. of US $ 2,000 per person or US $ 4,000 for couples. Additionally, Trump rejected the $ 740 billion defense authorization bill as expected.
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 78.42 million and the number of deaths has exceeded 1.72 million . The United States has accumulated more than 18.32 million cases were diagnosed and the accumulated number of deaths exceeded 324,000.
Wednesday (23) the performance of the four major US stock indices.：
- The Dow Jones index rose 114.32 points, or 0.38%, to close at 30,129.83 points.
- The S&P 500 Index rose 2.54 points, or 0.07%, to close at 3,689.80 points.
- The Nasdaq index fell 36.80 points, or 0.29%, to close at 12,771.11 points.
- The Philadelphia Semiconductor Index fell 20.44 points, or 0.74%, to close at 2,723.53 points.
Focus actions
The five kings of science and technology mixed. Apple (AAPL-US) fell 0.70%; Facebook (FB-US) rose 0.38%; Alphabet (GOOGL-US) was up 0.47%; Amazon (AMZN-US) fell 0.66%; Microsoft (MSFT-US) fell 1.30%.
The constituent shares of the Dow Jones rose more and fell less. Goldman Sachs (GS-US) rose 2.54%; JPMorgan Chase (JPM-US) rose 2.79%; American Express (AXP-US) was up 2.10%; Disney (DIS-US) rose 1.82%; the sales force (CRM-US) fell 1.62%.
Fei’s half-component shares received more blacks. Qualcomm (QCOM-US) was up 0.42%; AMD (AMD-US) fell 1.73%; Intel (INTC-US) rose 0.87%; NVIDIA (NVDA-US) fell 2.03%; Micron (MU-US) fell 0.70%.
Taiwan Stock ADR only received dividends from UMC. TSMC ADR (TSM-US) fell 0.17%; ASE ADR (ASX-US) fell 0.54%; UMC ADR (UMC-US) was up 0.49%; Chunghwa Telecom ADR (CHT-US) fell 1.14%.
Stock Market News
US pharmaceutical company Pfizer (PFE-US) rose 1.91% and announced that it will provide another 100 million doses of the new corona vaccine to the United States in July, bringing the total dose to 200 million doses.
Investment bank Wedbush predicts that Apple is more than 70% likely to establish partnerships with Chinese automakers such as Tesla, Volkswagen or Weilai in the coming years to seize opportunities in the new era of electric vehicles. Apple fell 0.70% to $ 130.96 a share.
Nikola (NKLA-US) fell 10.70%, mainly because the company announced the cancellation of its contract with Republic Services for 2,500 garbage trucks.
South Korea’s LG Electronics announced on Wednesday that it has agreed to form a joint venture with auto supplier Magna International, a Canadian auto parts maker. Magna International was up 8.90% on Wednesday.
IBM (IBM-US) was up 0.41%. IBM agreed to pay $ 24.25 million to resolve two Federal Communications Commission (FCC) investigations for providing subsidized services to schools and libraries. The company allegedly violated the “education fee” (E-Rate) and other planning rules for nearly 15 years.
Data key
- The United States reported 803,000 unemployment benefits early last week, with an expectation of 880,000. The previous value rose from 885,000 to 892,000.
- The United States continued to claim 5.337 million unemployment benefits last week, with an expectation of 5.55 million. The previous value was reduced from 5,508 million to 5,507 million.
- The annual growth rate of the US PCE price index in November reported 1.1%, which is expected to be 1.2%, and the previous value is 1.2%
- The annual growth rate of the underlying PCE price index in the United States in November reported 1.4%, it is expected to be 1.4%, and the previous value was 1.4%
- The final value of the monthly growth rate of durable goods orders in the United States in November is 0.9%, which is expected to be 0.5%, and the previous value rises from 1.3% to 1.8%.
- The annual growth rate of the FHFA house price index in the United States in October reported 10.2%, the previous value was 9.1%
- The monthly growth rate of the FHFA home price index in the United States in October reported 1.5%, which is expected to be 0.5%, and the above value is 1.7%
- Total annualized sales of new homes in the United States in November reported 841,000, which is expected to be 990,000, with the previous value of 945,000.
Wall Street Analysis
Matthew Keator, Managing Partner of the Keator Group, said this is a very welcome sign – seeing the market shift towards stocks that have been hit hard by the economy illustrates the importance of valuation and diversification. When you see the recovery of oil prices and the recovery of tourism and tourism, it means that the market has hope for the future and prices with that hope.
Raymond James finance company analyst Ed Mills said: “Trump asked to increase the amount of personal payments in the bailout case to US $ 2,000, which increases uncertainty going forward, but we still believe that if Trump does not interfere , The bill will be promulgated on January 3 next year. “
Thomas Hayes, Managing Member of Great Hill Capital LLC, said: “Either we will pass the stimulus bill with precision, which is very beneficial to the economy, or we will get a larger scale of economic stimulus, and the market will like it very much.” .
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