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The major US stock indices bounced twice on Thursday (10). Tech stocks like Apple, Salesforce and Microsoft continued to rally. The Dow Jones industrial index opened nearly 200 points or 0.70%, and the Nasdaq index rose 121 points or 1.1%. The General Index 500 was up 0.56% and the fee was up 1.4%.
The US Department of Labor released the latest unemployment data before the market on Thursday (10). As of last week, the number of people filing for unemployment benefits for the first time in the United States was 880,000, which was the same value as before and was not as good as market expectations. The number of continuing unemployment benefits increased slightly to 13.39 million people, slightly higher than the previous value.
Although the data showed that the labor market recovery has slowed recently, the major indices still opened higher. Disney (DIS-US) and Nike (NKE-US) led Dow Jones earnings, with gains of more than 2%. The top five “FAANG” tech stocks Facebook (FB-US), Amazon (AMZN-US), Apple (AAPL-US), Netflix (NFLX-US) and Google (GOOGL-US) increased 0.54%, 1.84%, 1.41 %, 0.88% and 0.78% respectively in the first operations.
At 21 o’clock on Thursday (10) Taipei time:
- The Dow Jones index rose 196.82 points or 0.70%, temporarily reporting 28137.29 points.
- Nasdaq climbed 121.94 points, or 1.09%, to 11,263.51 temporarily
- The S&P 500 was up 19.09 points, or 0.56%, temporarily to 3,418.05
- Commissions and a half rose 30.75 points, or 1.42%, to 2,200.36 points temporarily
- TSMC ADR rises 1.78% to $ 80.81 per share
- Yield on 10-year US Treasuries increased to 0.717%
- New York light crude fell 0.92% to $ 37.70 a barrel
- Brent crude fell 0.71% to $ 40.50 a barrel
- Gold rose 0.85% to $ 1971.60 an ounce
- The dollar index fell 0.45% to 92.82 points
Focus actions:
AstraZeneca (AZN-US) was up 0.75% in early trading to $ 54.04.
AstraZeneca recently suspended clinical trials due to adverse reactions in vaccine subjects, and its share price plummeted. However, CEO Pascal Soriot said on Thursday (10) that the vaccine jointly developed with the University of Oxford it could still be available before the end of the year. .
Soriot said today that the subject safety review will be conducted by an independent committee, which will be an important key to advancing the progress of vaccine research and development, but is confident in resuming the trial, saying the company can still launch a vaccine late this year or early next year. A vaccine.
Nikola (NKLA-US) fell 10.53% to $ 37.91 in early trading.
Short-selling agency Hindenburg Research released a report Thursday, accusing Trevor Milton, founder and CEO of electric truck startup Nikola, of fraud for many years. You have a number of evidences like phone calls, messages and emails, which are enough to prove Trevor Milton. Lying, Hindenburg Research claimed that Nikola’s hydrogen fuel cell technology never existed.
Citigroup (C-US) rose 0.56% to $ 51.69 in early trading.
Citi CEO Michael Corbat announced on Thursday (10) that he will retire in February next year and will be replaced by Jane Fraser, CEO of the company’s global consumer banking business, making her the first female CEO in history. from a major Wall Street bank.
Daily key economic data:
- The United States reported 884,000 unemployment benefits early last week and it is expected to be 850,000. The old value was increased from 881,000 to 884,000.
- The United States continued to claim 13.385 million unemployment benefits last week, and it is expected to be 12.904 million. The previous value rose from 13,254 million to 13,292 million.
- Annual growth rate of US PPI in August reported-0.2%, expected-0.4%, previous value-0.4%
- The monthly increase rate of the US PPI in August reported 0.3%, which is expected to be 0.2%, and the previous value is 0.6%
- The annual growth rate of the basic US PPI in August registered 0.6%, which is expected to be 0.2%, and the previous value is 0.3%.
- The monthly growth rate of the basic US PPI reported 0.4% in August, which is expected to be 0.2%, and the previous value is 0.5%
Wall Street Analysis:
SkyBridge Co-Chief Investment Officer Troy Gayeski said: “We believe the stock market is experiencing a healthy correction, which will help clear the bubble. Of course, we may fall further, but if you are an investor in technology stocks, you should understand that feedback is already very important. ” tall.”
Kristina Hooper, Invesco’s global market strategist, said in a recent report: “I think this drop is not just a correction, but a digestion.”
Peter Boockvar, chief investment officer at Bleakley Advisory Group, said: “The US economy will recover sharply in the third and fourth quarters, but this employment data shows that companies still have a long way to go in terms of hiring.”
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