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The vaccines developed by AstraZeneca and the University of Oxford were approved for use in the UK. Bullish vaccine news propelled US stocks higher on Wednesday (30). Energy and materials led the increase. Dow Jones set a new record after Monday. With the help of TSMC’s ADR hitting a new record, the half-rate yield increased more than 1.6%.
United States Treasury Secretary May Mnuchin stated that the $ 600 ransom fee for each person will be issued directly on Wednesday. United States Senate Majority Leader McConnell said the Senate will bail out a $ 2,000 ransom check and corporate social media legal protection, and relevant requirements for voter fraud are linked. Outsiders believe this will greatly reduce the willingness of the Democratic Party to vote in the Senate.
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 soared to 82.41 million cases and the number of deaths has exceeded 1.79 million. More than 19.61 million cases were diagnosed and the cumulative number of deaths exceeded 340,000.
The US state of Colorado confirmed Tuesday the first case of indigenous infection with the British variant of the new corona virus, and on Wednesday the state is investigating the second suspected case. The US government has reported that it may require more international passengers to prepare a negative nucleic acid test report within 3 days (72 hours) before boarding the plane next week.
The 11.5 million doses supplied by the United States in the past two weeks have only been vaccinated by about 2 million people. At the current rate, it will take nearly 10 years to vaccinate enough Americans to control the epidemic.
The performance of the four major US stock indices on Wednesday (30):
- The Dow Jones index rose 73.89 points, or 0.24%, to close at 30,409.56 points.
- The S&P 500 Index rose 5.00 points, or 0.13%, to close at 3,732.04 points.
- The Nasdaq index rose 19.78 points, or 0.15%, to close at 12,870.00 points.
- The Philadelphia Semiconductor Index rose 45.72 points, or 1.67%, to close at 2,783.77 points.
Three of the top 11 S&P sectors are locked in, including communications services, consumer staples, and information technology. Energy, materials and industrials stocks led gains on Wednesday.
Focus actions
The five kings of science and technology fell to the ground. Apple (AAPL-US) fell 0.85%; Facebook (FB-US) fell 1.77%; Alphabet (GOOGL-US) fell 1.22%; Amazon (AMZN-US) fell 1.09%; Microsoft (MSFT-US) fell 1.10%.
The constituent shares of the Dow Jones rose more and fell less. Disney (DIS-US) rose 2.18%; Intel (INTC-US) fell 1.30%; Dow Chemical (DOW-US) was up 2.10%; Visa (V-US) rose 1.86%; Pioneer Heavy Industries (CAT-US) rose 1.92%.
The actions of Fei’s components behaved strongly. Qualcomm (QCOM-US) was up 0.98%; AMD (AMD-US) was up 1.84%; NVIDIA (NVDA-US) was up 1.56%; Micron (MU-US) was up 2.44%.
The ADR for Taiwan shares rose collectively. TSMC ADR (TSM-US) rose 3.16%, a record. UMC ADR (UMC-US) was up 4.21%; ASE ADR (ASX-US) rose 2.61%; Chunghwa Telecom ADR (CHT-US) was up 0.83%.
Stock Market News
The British government formally approved the new corona vaccine jointly developed by AstraZeneca and the University of Oxford on Wednesday, and it is expected to begin next week. AstraZeneca (AZN-US) was up 0.56% to $ 50.18 a share.
Tesla (TSLA-US) fell after being included in the S&P 500 index last week. Tesla continued to rebound from the recent selling pressure this week. Wall Street is paying attention to Tesla’s Q4 2020 delivery report. It is up 4.32% at $ 694.78 per share.
Development Heavy Industries was up 1.92%, leading industrial stocks up. Investment bank Baird called heavy equipment stocks the best stock pick for 2021 as there are signs that demand for construction equipment is improving and infrastructure spending may increase substantially next year.
Third Point, a US hedge fund led by star trader Daniel Loeb, asked Intel to explore strategic alternatives and accelerate the pace of transformation on Tuesday (29). Intel (INTC-US) gave up yesterday’s earnings, a drop of 1.30% to $ 48.75 a share.
Economic data
- The monthly growth rate of US retail inventories in November was 0.7%, down from 0.8% previously.
- The monthly growth rate of US wholesale inventories in November reported: 0.1%, expected 0.7%, previous value 1.1%
- November Trade Report US -84.8 billion US dollars, expected -81.50 billion US dollars, old value-80.29 billion US dollars
- US December Chicago PMI reported 59.5, expected 56.5, old 58.2
- The monthly growth rate of the existing rental home sales index in the United States in November reported -2.6%, it is expected to be 0.1%, and the previous value-1.1%
Wall Street Analysis
Analysts believe US equities are trading lightly and are expected to be down in the last two trading days of this year, and the stock market will experience volatility.
Tom Essaye, founder of Sevens Report Research, believes investors continue to weigh the hopes of stimulus plans against the negative developments of the epidemic, and the market has actively assimilated many solutions for these events in 2021 (and beyond).
Verdence Capital Advisors Head of Portfolio Strategy Megan Horneman noted that while the stimulus measures so far are satisfactory, additional stimulus measures may still be necessary, because the increase in the number of new crowns during the holiday period may lead to more regional closures.
Horneman said: “If this is the case, the economic data is expected to start to disappoint, and we may see home epidemic prevention actions outperform the market again in 2021.”
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