[ad_1]
Tuesday (12) Under the anticipation of stimulus measures and political turmoil, risk appetite and Wall Street sentiment of aversion coexisted. The dollar weakened, gold rose, US bond yields fell, crude oil approached an 11-month high, and energy and finance stocks led the way. On the upside, small stocks performed better, the major US stock index wavered and closed in the red, the Dow Jones rose more than 60 points.
President-elect Biden will announce a multi-trillion dollar stimulus plan Thursday, which includes increasing the ransom check to $ 2,000 per person.
The president of the Federal Reserve Bank of Boston, Eric Rosengren, said that with the widespread availability of vaccines, the United States economy may recover strongly in the second half of this year, but the epidemic continues to affect the economy and the monetary policy will remain loose.
Esther George, president of the Federal Branch of Kansas, said that the Fed has the necessary tools to curb inflation. If the inflation rate only rises slightly above 2%, the Fed is not expected to react.
The US Senate Finance Committee plans to hold a confirmation hearing on the appointment of Treasury Secretary Janet Yellen on January 19 (the day before Biden’s inauguration).
The U.S. House of Representatives kicked off the impeachment process for Trump on Monday, proposed an impeachment clause and plans to vote on it on Wednesday. Trump responded publicly Tuesday that indicting (me) is dangerous for America.
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 91.04 million and the number of deaths has exceeded 1.94 million . The United States has accumulated More than 22.62 million cases were diagnosed and the accumulated number of deaths exceeded 376,000.
The United States has reported that international passengers who will begin to enter the country must show a negative COVID-19 nucleic acid test report before flying. China is expanding the scope of the blockade, declaring a blockade of Shijiazhuang, Xingtai and Langfang.
Tuesday (12) the performance of the four main US stock indices:
- The Dow Jones Index rose 60.00 points, or 0.19%, to close at 31,068.69 points.
- The S&P 500 Index rose 1.58 points, or 0.04%, to close at 3,801.19 points.
- The Nasdaq index rose 36.00 points, or 0.28%, to close at 13,072.43 points.
- The Philadelphia Semiconductor Index rose 18.10 points, or 0.61%, to close at 2,988.02 points.
Focus actions
The five kings of science and technology only received red on Amazon. Apple (AAPL-US) fell 0.14%; Facebook (FB-US) fell 2.24%; Alphabet (GOOGL-US) fell 1.07%; Amazon (AMZN-US) rose 0.21%; Microsoft (MSFT-US) fell 1.18%.
The constituent shares of the Dow Jones fell more and rose less. Dow Chemical (DOW-US) was up 3.70%; Goldman Sachs (GS-US) rose 2.85%; Merck (MRK-US) fell 2.25%; Traveler (TRV-US) rose 2.18%; Chevron (CVX- United States) rose 1.90%.
The rate index continued to rise on Tuesday. Intel (INTC-US) rose 3.30%; Qualcomm (QCOM-US) fell 1.06%; AMD (AMD-US) fell 1.95%; NVIDIA (NVDA-US) fell 1.00%; Micron (MU-US) was up 1.00%; Applied Materials (AMAT-US) was up 2.09%.
The ADR for Taiwan stocks was mixed. TSMC ADR (TSM-US) was up 0.33%. UMC ADR (UMC-US) fell 3.54%; ASE ADR (ASX-US) rose 0.45%; Chunghwa Telecom ADR (CHT-US) fell 0.35%.
Stock Market News
Bernstein raised TSMC’s price target to 800 yuan on Tuesday, and TSMC’s ADR (TSM-US) rose 0.33% to $ 123.00 on Tuesday, continuing to hit a record high.
General Motors launched a new electric car at CES online on Tuesday (12) and also revealed that it could launch a “Cadillac electric flying car” in the future, wowing the CES audience. General Motors (GM-US) closed up 6.29% at $ 47.82 per share, a record.
Rising US bond yields provided support for bank stocks. Bank of America Securities raised its Goldman Sachs share price rating to “buy.” Goldman Sachs (GS-US) received a 2.78% dividend at $ 302.21 per share.
Affected by the 737 Max grounding and the new corona epidemic, Boeing has repeatedly lowered its 2020 production targets. During this period, more than 600 aircraft orders were canceled, making it the worst year in the history of the company. Boeing (BA-US) was up 0.81% to $ 208.41 per share.
Citigroup believes that NIO’s ET7 pure electric RV is not enough to make major changes to Tesla’s challenge. Tesla (TSLA-US) was up 4.72% on Tuesday. Weilai Automobile (NIO-US) fell 1.05%.
AMD announced the AMD Ryzen 5000 U-series notebook processors and HX-series overclockable notebook processors at this year’s CES online show. AMD (AMD-US) fell 1.95%.
Wells Fargo Bank (WFC-US) was up 2.09%. UBS believes that even if there is a small improvement in Wells Fargo’s business, there is still room for earnings to increase, and it has upgraded Wells Fargo’s stock price rating to “Buy.”
After Musk called for the abandonment of Twitter and Facebook last Thursday, he switched to the encrypted communication software Signal, which unexpectedly detonated the share price of the company of the same name.
Encrypted communication software company Signal has not been listed, but after Musk made a call, shares in biotech company Signal Advance (SIGL-US) have soared by more than 5,675%. With the misunderstanding resolved, Signal Advance (SIGL-US) fell 73.77% on Tuesday.
Economic data
- December US Small Business NFIB Confidence Reported 95.9, Expected 100.3, Previous Value 101.4
- The number of vacant JOLTs positions in the United States in November reported 6.53 million, with a forecast of 6.42 million and a previous value of 6.63 million.
Wall Street Analysis
Michael James, managing director of Wedbush Securities at the Los Angeles Stock Exchange, said traders believe Biden will launch larger-scale fiscal stimulus measures, increase vaccine distribution and boost the economy.
Michael James believes financial stocks and cyclicals are star stocks at the start of the year, and Biden’s win has brought expectations of stimulus. Investors are currently selling technology stocks to fund other investments.
Michael James explained that the star stocks “tech stocks” in 2020 have been on the decline, because people have always considered tech stocks as a source of funds, and then they have switched to cyclical stocks, medical stocks and financials.
Mike O’Rourke, JonesTrading’s chief market strategist, said Trump’s denial of inciting riots and the FBI reports contradicted the claim that the US government did not anticipate the attack. This highlights the fact that there are still many problems in the United States. Before moving on, there is still a lot to do.
[Venta exclusiva de Juheng]Shinkong Hang Seng technology index fund, dominant debut since 1/11!
[ad_2]
