The number of confirmed diagnoses rises and dragged US stocks from their highs. Dow Jones fell more than 300 points in the first operations | Anue Juheng-US Stocks

The number of confirmed cases of the new coronavirus in the United States continues to rise, forcing states to adopt epidemic prevention measures. US stocks fell from the high of the previous day on Tuesday (17). The Dow Jones industrial average fell more than 300 points or 1% in early trading, and the S&P 500 fell 0.7%. Fees fell 0.5% and the Nasdaq index fell 0.1%.

According to data from Johns Hopkins University, the number of newly diagnosed cases in the United States on Monday (16) reached 166,000 and 995 new deaths, bringing the cumulative number of diagnoses to 1.12 million and the cumulative number of deaths to 247,000. Due to the rapid deterioration of the epidemic due to the drop in temperature, New Jersey, Iowa, Michigan, California, Philadelphia and other regions of the United States have successively adopted new rounds of restrictions.

In terms of economic data, the monthly growth rate of retail sales in the United States in October was 0.3%, a sharp drop from the revised 1.6% previously and below market expectations. Both the US dollar and US 10-year Treasury bonds fell.

In the individual stock news section, after the S&P Dow Jones Indices announced that it was preparing to add Tesla to the S&P 500 Index on December 21, Tesla soared more than 11% in early trading. This move is expected to inspire optimistic investors and propel stock prices to continue. Go higher. So far this year, Tesla’s stock price has grown by around 480%.

In addition, affected by the news of the launch of Amazon’s “Amazon Pharmacy” in the United States, the large drug retailers Walgreens and CVS Health fell more than 7% in the first operations.

After Wal-Mart and Home Depotq released their pre-market earnings reports, they fell 1.7% and 3.3% respectively in early trading.

At 21 o’clock on Tuesday (17) Taipei time:

• The Dow Jones Index fell 303.63 points, or -1.01%, to 29,646.81 points temporarily.
• Nasdaq fell 12.88 points, or -0.11%, to 11,911.25 points temporarily
• The S&P 500 index fell 24.78 points or -0.68%, temporarily reporting 3602.13 points
• Rates and a half fell 13.41 points or -0.52%, temporarily reported at 2557.57 points
• TSMC ADR falls 3.09% to $ 97.63 per share
• Yield on 10-year US Treasuries fell to 0.878%
• New York light crude fell 0.90% to $ 40.97 a barrel
• Brent crude fell 0.82% to US $ 43.46 a barrel
• Gold fell 0.03% to $ 1,887.20 an ounce
• The dollar index fell 0.29% to 92.365 points

Focus actions:

Tesla (TSLA-US) was up 11.45% in early trading to $ 454.83.

S&P Dow Jones Indices announced on Monday (16) that Tesla will be included in the S&P 500 index before the market opens on December 21.

The inclusion of relevant expectations from the S&P 500 Index has sent Tesla’s stock price up nearly 5 times this year. Its current market value is close to $ 390 billion, making it the largest company in history when it was included in the S&P 500 index.

Amazon (AMZN-US) was up 1.62% in early trading to $ 3,181.86.

Amazon announced on Tuesday (17) the launch of an online pharmacy service “Amazon Pharmacy” in the United States, which allows consumers to order prescription drugs online from their mobile devices or computers, while providing delivery services. Amazon Prime members can enjoy discounts and free 2-day delivery. Offers.

News of the entry into the pharmaceutical retail market shocked other peers: Pharmacy chains CVS (CVS-US), Walgreens (WBA-US) and Rite Aid (RAD-US) fell dramatically before the market.

Baidu (BIDU-US) fell 3.07% in the first operations to US $ 143.30.

Third quarter financial highlights:

• Revenue was RMB 28.2 billion, an annual increase of 1%.
• The profit was 6.16 billion RMB, an annual increase of 161%.
• The profit was 7.64 billion RMB, an annual increase of 107%. (not GAAP)
• Adjusted EBITDA was RMB 9.07 billion, an annual increase of 77%.
• The net profit was RMB 13.7 billion.
• The net profit was RMB 7 billion, an annual increase of 59%. (not GAAP)
• Each diluted ADS costs RMB 39.79.
• Each diluted ADS is RMB 20.35, an annual increase of 61%. (not GAAP)

Baidu Core Third Quarter Financial Highlights:

• Revenue was RMB 21.4 billion, an annual increase of 2%.
• The profit was 7.4 billion RMB, an annual increase of 43%.
• The profit was 8.51 billion RMB, an annual increase of 37%. (not GAAP)
• Adjusted EBITDA was RMB 9.82 billion, an annual increase of 31%.
• The net profit was RMB 14.4 billion.
• The net profit was RMB 7.49 billion, an annual increase of 19%. (not GAAP)

Daily key economic data:

• US retail sales growth rate reported 5.7% in October, previous value was 5.3%
• The monthly growth rate of retail sales in the United States reported 0.3% in October, which is expected to be 0.5%. The previous value was revised down from 1.9% to 1.6%

• The monthly growth rate of US industrial production in October registered 1.1%, which is expected to be 1.0%. The previous value was revised up from -0.6% to -0.4%
• The US capacity utilization rate in October reported 72.8%, expected to be 72.3%, the previous value was revised up from 71.5% to 72.0%
• At 23:00 Taipei time, the November US NAHB Real Estate Market Index will be announced, which is expected to be 85.0 and the above value is 85.0

Wall Street Analysis:

Bill Stone, chief investment officer at Stone Investment Partners, said: “With the economic recovery, value companies and small businesses tend to be hit more significantly. The new crown vaccine is an obvious positive. Time will tell. if this trend can be sustained. “

Analysts at Deutsche Bank (Deutsche Bank) released a report stating that while yesterday’s vaccine news did not have as much impact on the market as last week, it continued to promote market share turnover. Pfizer and BioNTech have improved the market. Without a doubt, this is very good news for Moderna’s expectations.