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Led by Apple (AAPL-US) and Microsoft (MSFT-US), the US stock Dow Jones Industrial Average rose 182 points or 0.66% at the opening of Tuesday (15). The S&P 500 Index rose 0.8% for three consecutive reds, Nastar The Grams Index rose 127 points or 1.15% at the open, and the fee was up 1.23%.
The S&P 500 Index rose for the third day in a row. Top tech stocks Tesla (TSLA-US) rose more than 4.4% at the open, Apple was up 2.3% and Nvidia (NVDA-US) was up 1.8%, continuing to push the Nasdaq index. Yang
On the eve of the Fed’s decision on US interest rates and retail sales, the US dollar against the renminbi abroad hit a record low since May 2019, hitting 6.77.
Market analysis believes that growing dollar selling pressure is related to the Fed’s relaxed policy outlook. China’s latest industrial and retail sales economic data for August is better than expected, and the vaccine is good, which stimulates the risk sentiment of the market to some extent. , Which in turn brings down the dollar.
According to data from the National Bureau of Statistics of China, Chinese retail sales in August increased 0.5% annually, 0% better than expected and the previous value-1.1%, marking the first positive growth of this year.
In terms of US economic data, the Fed announced that the monthly growth rate of US industrial production in August was 0.36%, which was significantly lower than the previous revised value of 3%. and market expectations of 1%.
Starting at 21 o’clock on Tuesday (15) Taipei time:
- The Dow Jones index rose 186.87 points or 0.67%, temporarily reporting 28180.20 points.
- Nasdaq rose 127.54 points, or 1.15%, temporarily to 11,184.19 points
- The S&P 500 rose 26.67 points or 0.79%, temporarily to 3,410.21 points
- Commissions rose 26.79 points or 1.23%, temporarily to 2208.54 points
- TSMC ADR rises 1.39% to $ 81.62 per share
- Yield on 10-year US Treasuries increased to 0.681%
- New York light crude oil rose 0.91% to $ 37.60 a barrel
- Brent crude oil rose 0.76% to $ 39.91 a barrel
- Gold rose 0.76% to $ 1978.60 an ounce
- The US dollar index fell 0.16% to 92.915 points
Focus actions:
Nikola (NKLA-US) fell 5.72% in early trading to $ 33.74.
After short-selling agency Hindenburg Research accused Nikola of fraud, the source said the U.S. Securities and Exchange Commission (SEC) will launch an investigation into Nikola to assess whether the company has any doubts about misleading investors in terms of their business prospects.
In response to the short-selling agency’s allegations, Nikola issued a rebuttal statement Monday, saying there were dozens of incorrect allegations, but did not rebut any doubts about Nikola’s electric truck promotional videos.
BioNTech (BNTX-US) was up 1.69% to US $ 68.62 in early trading.
BioNTech announced on Tuesday (15) that it has received 375 million euros in funding from the German government to support the development of new vaccine candidates against coronary pneumonia.
BioNTech stated that it will use funds from the German Federal Ministry of Education and Research (BMBF) to advance the development plan for the BNT162 candidate vaccine, which will cooperate with Pfizer and Shanghai Fosun Pharma.
BP (BP-US) was up 1.56% in early trading to $ 20.14.
British Petroleum (BP) announced on Tuesday (15) that it will establish a strategic partnership with Microsoft (MSFT-US) to promote the digital transformation of the energy system and promote the zero-carbon emission targets of the two companies.
Under the cooperation agreement, BP will provide renewable energy to Microsoft in the United States, Europe and Latin America to help it achieve its green energy goal by 2025. In addition, BP will expand its use of Microsoft Azure cloud services.
Daily key economic data:
- The New York Fed September Manufacturing Index reported 17%, expected 4.4%, previous value 3.7%
- The monthly growth rate of US industrial production in August recorded 0.36%, which is expected to be 1.0% and 3.0% earlier.
Wall Street Analysis:
BlackRock strategist Elga Bartsch said that after months of steady growth in risk assets, market turbulence is picking up, valuations have risen, and we will see more volatility in the future, especially as the US elections approach.
Naeem Aslam, chief market analyst at Avatrade, said: “Traders are confident that China’s economic data has improved. Since the outbreak of the epidemic, China’s retail sales have resumed growth for the first time.”
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