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On Wednesday (3), the President of the United States, Biden, reported that he may be willing to reduce the size of the stimulus plan in order to convince Republican senators to pass the bill. Energy and communications services led earnings. However, due to the impact of the late sell-off of technology stocks, the top four indices ended up mixed. The half rate closed at 2.12% and became the center of the killer. Dow Jones and S&P were almost flat.
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 105 million, and the number of deaths has exceeded 2.26 million.
The cumulative number of confirmed cases in the United States exceeds 26.49 million and the cumulative number of deaths exceeds 449,000. The World Health Organization (WHO) affirmed that the uneven distribution of vaccines can delay the recovery of the world economy.
The performance of the four major US stock indices on Wednesday (3rd):
- The Dow Jones Index rose 36.12 points, or 0.12%, to close at 30,723.60 points.
- The S&P 500 Index rose 4.39 points, or 0.11%, to close at 3,830.70 points.
- The Nasdaq index fell 2.23 points, or 0.02%, to close at 13,610.54 points.
- The Philadelphia Semiconductor Index fell 64.45 points, or 2.12%, to close at 2,982.87 points.
Focus actions
The five kings of science and technology mixed. Apple (AAPL-US) fell 0.78%; Facebook (FB-US) fell 0.16%; Alphabet (GOOGL-US) soared 7.28%; Amazon (AMZN-US) fell 2.00%; Microsoft (MSFT-US) was up 1.46%.
The constituent shares of Dow Jones closed higher. Boeing (BA-US) rose 3.21%; Chevron (CVX-US) rose 2.18%; American Amgen (AMGN-US) fell 1.42%; Dow Chemical (DOW-US) was up 1.36%; JPMorgan Chase (JPM) -US) was up 1.15%.
Fei half of the constituent shares fell to the ground. Intel (INTC-US) fell 0.55%; Micron (MU-US) fell 3.08%; Applied Materials (AMAT-US) fell 3.59%; Qualcomm (QCOM-US) fell 1.51%; NVIDIA (NVDA-US) fell 0.19%; AMD (AMD-US) fell 1.09%.
ADR for Taiwan stocks fell across the board. TSMC ADR (TSM-US) fell 0.74%; ASE ADR (ASX-US) fell 0.71%; UMC ADR (UMC-US) fell 0.74%; Chunghwa Telecom ADR (CHT-US) fell 0.99%.
Stock Market News
Alphabet released its latest after-market financial report on Tuesday, with revenue of $ 56.9 billion, a growth of 23%. Alphabet (GOOGL-US) jumped 7.28% to US $ 2,058.88 per share.
The latest financial report from Spotify (SPOT-US), the world’s leading music streaming service, showed that its quarterly loss exceeded expectations. The total number of users exceeded 345 million and its share price fell 8.16. % at $ 317.25 per share.
As the epidemic is still dragging down sales, Amgen (AMGN-US) recently announced poorer financial estimates. Its share price fell 1.42% to $ 237.08 per share, making it the biggest drop in the Dow Jones index.
Retail investors looked for the shares to collectively rise on Wednesday. GameStop (GME-US) was up 2.68% to $ 92.41 a share. AMC Entertainment (AMC-US) was up 14.71%. Koss (KOSS-US) shot up 27.95%; Blackberry (BB-US) was up 3.90%.
The Chinese company of financial innovation indicators Ant Group reportedly reached an agreement with Chinese regulators to transform itself into a financial holding company. Alibaba Group (BABA-US) was up 3.51% to $ 263.43 a share.
The major British pharmaceutical company GlaxoSmithKline and the German pharmaceutical company CureVac signed a € 150 million contract to develop a vaccine that can prevent the new variant of the corona virus. CureVac (CVAC-US) was up 6.64% Wednesday at $ 105.25 a share.
Economic data
- In the United States, the number of new jobs created by ADP in January was 174,000, which is expected to be 50,000. The previous value rose from -123,000 to -78 thousand
- The US January Markit Service Industry PMI was 58.3, down from 57.5
- January ISM US Non-Manufacturing PMI reported 58.7, expected 56.8, previous value 57.2
Wall Street Analysis
St. Louis Federal Bank Chairman James Bullard said the stock price reflects optimism about the economic recovery.
Mike Loewengart, vice president of investment strategy at E-Trade Financial, said that the stock market has seen a lot of noise in recent weeks, so it is encouraging to see strong economic data. For individual stocks, there may be signs of overselling, but from the current situation, the economy tends to recover.
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