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On Thursday (21) Biden signed a series of executive orders when he took office. The US dollar fell, US Treasury yields rose, Intel released its earnings report ahead of schedule, Apple rallied loudly, technology stocks offset losses in energy stocks, Dow Jones closed nearly flat. S&P, Nasdaq and Fei Ban all hit all-time highs.
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 skyrocketed to exceed 97.26 million cases, and the number of deaths exceeded 2.08 million, more than 24.53 million cases were diagnosed and the accumulated number of deaths exceeded 408,000.
US President Biden signed a series of administrative orders related to fighting the epidemic for two consecutive days, including speeding up vaccination, providing more funding for state and local officials, requiring American travelers to wear masks. and citing the National Defense Production Law to accelerate medical care. treatment Produce materials and warn that more than 100,000 people will die from the new corona epidemic in the future.
On Thursday (21) the performance of the four main US stock indices:
- The Dow Jones Index fell 12.37 points, or 0.04%, to close at 31,176.01 points.
- The S&P 500 Index rose 1.22 points, or 0.03%, to close at 3,853.07 points.
- The Nasdaq index rose 73.67 points, or 0.55%, to close at 13,530.92 points.
- The Philadelphia Semiconductor Index rose 47.14 points, or 1.53%, to close at 3,132.17 points.
Focus actions
The five kings of science and technology collectively closed higher. Apple (AAPL-US) was up 3.67%; Facebook (FB-US) rose 2.02%; Alphabet (GOOGL-US) was up 0.22%; Amazon (AMZN-US) rose 1.34%; Microsoft (MSFT-US) was up 0.28%.
The constituent shares of Dow Jones were mixed. Chevron (CVX-US) fell 3.53%; Traveler (TRV-US) was up 2.55%; Boeing (BA-US) fell 1.91%; Walgreens and Boots (WBA-US) fell 2.12%; Home Depot (HD-US) rose 1.73%.
The shares that make up half of the fees performed strongly. Intel (INTC-US) rose 6.46%; Micron (MU-US) was up 1.81%; Applied Materials (AMAT-US) was up 0.12%; AMD (AMD-US) was up 3.13%; Qualcomm (QCOM-US) was up 0.091%; NVIDIA (NVDA-US) was up 3.75%.
Taiwan ADR shares closed higher. TSMC ADR (TSM-US) was up 2.62%; UMC ADR (UMC-US) was up 4.60%; ASE ADR (ASX-US) rose 2.13%; Chunghwa Telecom ADR (CHT-US) fell 0.74%.
Stock Market News
Late in business hours, Intel’s earnings report was released ahead of schedule. Earnings per share (EPS) (adjusted) were $ 1.52 and revenue was $ 20 billion. Personal computer sales were exceptionally strong, increasing 33% annually. The report performed better than expected The news encouraged Intel to rise 6.46% to $ 62.46 per share in recent trading.
Morgan Stanley is optimistic that the iPhone 12 will boost Apple’s quarterly earnings. Working from home will support revenue from Apple Mac, iPad and services and raise Apple’s price target from $ 144 to $ 152. Apple (AAPL-US) was up 3.67% to $ 136.87 per share , a record.
TSMC ADR rose more than 2.69% to $ 134.16 per share, a record. Intel is rumored to be discussing at least five foundry chip projects with TSMC, and it has more orders than Samsung.
US crude oil inventories rose unexpectedly and energy stocks fell. Investment bank Jefferies downgraded ExxonMobil’s share price to “underperforming.” ExxonMobil (XOM-US) fell 2.87%.
Economic data
- The United States reported last week (1/16) 900,000 unemployment benefits for the first time, with an expected 935,000. The old value was reduced from 965,000 to 926,000.
- The United States reported last week (1/9) 5.054 million jobless claims, which are expected to be 5.3 million, the previous value dropped from 5.271 million to 5.181 million.
- The number of construction permits in the United States in December reported 1,709 million, and 1.6 million are expected. The previous value of 1,639 million is reduced to 1,635 million.
- The monthly growth rate of US construction permits in December reported 4.5%, expected-2.1%, the previous value decreased from 6.2% to 5.9%
- The annualized number of new homes started in the United States in December reported 1,669 million, which is expected to be 1,564 million, and the previous value of 1,547 million rose to 1,578 million.
- The annualized monthly growth rate of new homes started in the United States in December reported 5.8%, which is expected to be 1.1%, and the previous value was revised up from 1.2% to 3.1%.
- The Philadelphia Fed January Manufacturing Index reported 26.5, expected to be 12.0, the previous value dropped from 11.1 to 9.1
Wall Street Analysis
Paul O’Connor, head of the multi-asset division at Janus Henderson Investors, said that while the recent rally clearly shows that some of the recovery has been digested by the market, we believe that once the recovery becomes more obvious, the Cash and other asset capital markets have a high probability of heading to the stock market.
Mohannad Aama, managing director of Beam Capital Management, said the market has performed very strongly this year, because Congress is expected to launch a broader stimulus plan and more spending overall.
Mohannad Aama mentioned that in view of the possible spike in new crown diagnostics, investors will soon return to the good script from the same period last year and focus on investing in technology stocks and home economics concept stocks.
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