GameStop merges several times to close the black Dow Jones and close 300 red points | Anue Juheng-US Stocks



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On Thursday (28) US stocks recovered from the biggest sell-off since October last year. Following better-than-expected unemployment benefit data early last week, Disney and Intel led the gains. US Dow Jones stocks closed 300 points GameStopk and AMC stocks fell, chip stocks rallied sharply, and rates soared more than 2%.

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 exceeded 100 million and the number of deaths has exceeded 2.16 million United States has accumulated More than 25.45 millions of cases were diagnosed and the cumulative number of deaths exceeded 425,000.

The first case of the South African variant of the virus was found in South Carolina, US The World Health Organization (WHO) has warned that the new variant of the coronavirus is contributing to the second wave of epidemics in Africa.

On Thursday (28) the performance of the four main US stock indices:

  • The Dow Jones index rose 300.75 points, or 0.99%, to close at 30,603.92 points.
  • The S&P 500 Index rose 33.95 points, or 0.91%, to close at 3,784.72 points.
  • The Nasdaq index rose 66.56 points, or 0.50%, to close at 13,337.16 points.
  • The Philadelphia Semiconductor Index rose 59.99 points, or 2.09%, to close at 2,935.12 points.
The top 11 S&P sectors collectively increased, led by the financial, materials and industrial sectors.  (Image: finviz)
The top 11 S&P sectors collectively increased, led by the financial, materials and industrial sectors. (Image: finviz)

Focus actions

The five kings of technology mix. Apple (AAPL-US) fell 3.50%; Facebook (FB-US) fell 2.62%; Alphabet (GOOGL-US) was up 1.88%; Amazon (AMZN-US) was up 0.16%; Microsoft (MSFT-US) was up 2.59%.

The shares that make up the Dow Jones received more dividends. Disney (DIS-US) was up 5.43%; American Express (AXP-US) was up 4.28%; Nike (NKE-US) rose 2.82%; Microsoft (MSFT-US) was up 2.59%.

Fei’s semi-component actions are like a rainbow. Intel (INTC-US) rose 4.62%; Micron (MU-US) was up 4.39%; Applied Materials (AMAT-US) was up 2.61%; Qualcomm (QCOM-US) was up 1.22%; NVIDIA (NVDA-US) was up 1.03%; AMD (AMD-US) fell 1.49%.

The ADR for Taiwan shares simultaneously closed in the red. TSMC ADR (TSM-US) rose 3.36%; UMC ADR (UMC-US) rose 0.54%; ASE ADR (ASX-US) rose 0.73%; Chunghwa Telecom ADR (CHT-US) was up 0.69%.

Stock Market News

Affected by restrictions from Robinhood and other trading platforms on various stocks that soared, video game maker GameStop (GME-US) cut its limit multiple times on Thursday and its share price closed 44.11% down to $ 193.60 per share. AMC Entertainment (AMC-US) fell 56.63% and Bed Bath & Beyond (BBBY-US) plunged 36.40%.

Incoming Senate Banking Committee Chairman Sherrod Brown said Thursday that he plans to hold a hearing on the current state of the US stock market.

Apple’s latest earnings report after Wednesday’s market was better than expected, but due to earnings depletion and overvaluation of stocks, Apple (AAPL-US) closed down 3.50% to 137 , $ 09 a share on Thursday.

Facebook (FB-US) fell 2.62% to $ 265.00 a share. The company announced Wednesday that its revenue and profits were higher than expected, but Facebook warned that Apple began changing its iOS system privacy policy this spring, which could affect its advertising business.

Tesla (TSLA-US) Q4 earnings were lower than Wall Street’s original estimate and failed to provide a clear delivery target for 2021, Tesla closed down 3.32% Thursday at $ 835.43 per action.

On Wednesday, the Reddit forum hotly discussed that American Airlines could be the next GameStop. American Airlines’ latest earnings and load factor on Thursday were better than Wall Street expectations, prompting American Airlines to rise more than 30% at open, and then the increase slightly converged to 9.30% at $ 18.10 per share.

General Motors (GM-US) plans to switch to fully electric vehicles by 2035 as part of a broader plan to achieve carbon neutrality by 2040. The company closed up 3.45% Thursday at $ 51.04 per action.

Economic data

  • The initial value of the quarterly growth rate of real GDP in the United States in the fourth quarter was 4.0%, the expected 4.1% and the previous value of 33.4%.
  • The initial value of the quarterly growth rate of US consumer spending in the fourth quarter is 2.5%, which is expected to be 2.6%, and the old value is 41.0%.
  • US Fourth Quarter Core PCE Quarterly Growth Rate Initially Reported 1.4%, Expected 1.5%, Previous Value 3.4%
  • In the United States last week (1/23), initial unemployment benefits were reported at 847,000, and the expected value was 875,000. The previous value was increased from 900,000 to 914,000.
  • The United States reported last week (1/16) 4.771 million unemployment benefits, which are expected to be 5.088 million. The previous value was reduced from 5,054 million to 4,974 million
  • Total annualized sales of new homes in the United States in December reported 842,000, which is expected to be 860,000, and the previous value was 829,000.

Wall Street Analysis

Arthur Hogan, chief market strategist at National Securities, said: “The financial report and financial estimates are good. With the accelerating pace of vaccine production, the United States will eventually have a new round of fiscal stimulus measures.”

Stocks like GameStop and AMC, which are sought after by retail investors, closed lower today. Adam Crisafulli, founder of Vital Knowledge, said: “Egg dumpling stocks continue to dominate many market discussions. Outside of illusion, the macroeconomic background remains basically unchanged, and most of them are positive. Of.”

Peter Boockvar, chief investment officer at Bleakley Advisory Group, said this is not an investment. This is not a cautious analysis of individual stocks. These traders are just speculating on the stocks in this hot potato game.

[Venta exclusiva de Juheng]Shinkong Hang Seng Technology Index Fund, dominant debut since 1/11




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