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Thursday (4) The latest economic data in the United States is good. The number of initial jobless claims in the United States last week was the lowest since November 28 of last year. Wall Street is optimistic about the continued recovery of the US economy since the The Biden administration promoted new large-scale stimulus plans. Picture, banks and tech stocks rose sharply, the top four indices collectively closed in the red, and the S&P and Nasdaq hit all-time highs.
In terms of political and economic news, the Biden administration is trying to continue pushing the $ 1.9 trillion economic stimulus plan without Republican support.
Additionally, Biden reiterated on Thursday his commitment to repairing the alliance’s relations through diplomacy and restoring America’s global leadership. Biden said America is back, diplomacy is back, and he will work to restore American credibility and moral authority.
The U.S. Securities and Exchange Commission (SEC) reported Wednesday that it is gathering evidence on social media like Reddit and message boards to assess whether there is a market manipulation issue in the GameStop restriction. US Treasury Secretary Yellen said Thursday that he will. Be responsible for the recent stock market turmoil. Conduct a deeper investigation.
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 2.27 million. United has accumulated More than 26.63 million cases were diagnosed and the accumulated number of deaths exceeded 454,000.
The UK, South Africa, and Brazil have successively experienced high rates of infection from the new variant of the coronavirus, but the number of new diagnoses worldwide has also started to decline. Maria Van Kerkhove, director of the Department of Emerging Diseases at the World Health Organization (WHO), said this is important because people get scared when they learn about the new crown variant.
On Thursday (4) the performance of the four main US stock indices:
- The Dow Jones index rose 332.26 points, or 1.08%, to close at 31,055.86 points.
- The S&P 500 Index rose 41.57 points, or 1.09%, to close at 3,871.74 points.
- The Nasdaq index rose 167.20 points, or 1.23%, to close at 13,777.74 points.
- The Philadelphia Semiconductor Index rose 25.54 points, or 0.86%, to close at 3,008.42 points.
Focus actions
The five kings of technology mix. Apple (AAPL-US) was up 2.58%; Facebook (FB-US) fell 0.060%; Alphabet (GOOGL-US) fell 0.25%; Amazon (AMZN-US) was up 0.56%; Microsoft (MSFT-US) fell 0.41%.
The constituent shares of Dow Jones closed higher. Visa (V-US) rose 3.92%; Traveler (TRV-US) was up 3.80%; American Express (AXP-US) was up 3.70%; Cisco (CSCO-US) was up 3.23%.
Fei’s half-component shares rose more and fell less. Intel (INTC-US) rose 2.54%; Micron (MU-US) was up 2.71%; Applied Materials (AMAT-US) was up 3.37%; Qualcomm (QCOM-US) fell 8.83%; NVIDIA (NVDA-US) was up 0.99%; AMD (AMD-US) fell 0.057%.
The ADR for Taiwan stocks rose across the board. TSMC ADR (TSM-US) rose 0.51%; ASE ADR (ASX-US) rose 3.12%; UMC ADR (UMC-US) was up 0.43%; Chunghwa Telecom ADR (CHT-US) was up 0.98%.
Stock Market News
The shortage of automotive chips shocked the global automotive market Ford Motor (F-US) announced on Thursday (4) that it would begin to significantly reduce the production of its high-margin F-150 SUV. Ford was up 1.52% to $ 11.37 a share.
Previous retail investors continued to experience a selloff on Thursday. GameStop (GME-US) fell 41.73%; AMC (AMC-US) fell 19.98%; KOSS (KOSS-US) fell 26.53%.
The Chinese Litchi Concept (LIZI-US) stock soared 70.47% to US $ 14.49 per share, a record high, and the share price has more than tripled so far this year. Lychee and China’s largest fashion brand Bubble Mart signed a cooperation agreement on Thursday to jointly create the first branded podcast.
Qualcomm (QCOM-US) announced better-than-expected earnings after the market on Wednesday, but Qualcomm said bluntly that semiconductor production capacity is in short supply and its share price fell 8.83% to $ 147.97 per year. action.
eBay announced Wednesday that fourth-quarter earnings were better than expected and that the financial forecast also beat expectations. eBay (EBAY-US) was up 5.31% to $ 61.12 a share.
PayPal (PYPL-US) rose 7.36% to $ 270.43 a share. The new corona epidemic has caused an increase in online shopping. The company’s latest financial report is strong, with a net profit of $ 1.57 billion and revenue of $ 6.1 billion. It is expected to achieve revenue growth of more than 20% by 2021.
Economic data
- The United States reported 779,000 unemployment benefits for the first time last week (1/30), which is expected to be 830,000. The previous value was reduced from 847,000 to 812,000.
- The United States reported last week (1/23) 4,592 thousand renewed unemployment benefits, which are expected to be 4.7 million. The previous value rose from 4,771 million to 4,785 million.
- The final value of the monthly growth rate of US durable goods orders in December is 0.5%, which is expected to be 0.2%, and the previous value is 0.2% .
- The monthly growth rate of US factory orders in December registered 1.1%, which is expected to be 0.8%, and the previous value is 1.3%.
Wall Street Analysis
Andrew Slimmon, a fund manager at Morgan Stanley Investment Management, said the economic data is very strong and the market will struggle sometime this year, but it is still too early.
Kingsview Investment Management portfolio manager Paul Nolte said the vaccines and economic data should be better, the earnings report is good, and there are still comments on the $ 1.9 trillion stimulus plan. All of this is good news for Wall Street. That is why the US stock market today continues to rise.
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