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Although the US Congress has finally finalized a roughly $ 900 billion bailout plan to help ease pressure on the US economy from the rebound in the winter epidemic, concerns about the new variant of the corona pneumonia virus still weighed on U.S. stocks.Downing, the Dow Jones Industrial Average fell more than 300 points at the open, and then the slide converged: the S&P 500 fell 1.1%, the Nasdaq fell 0.8% and the rate fell 1.3%.
Also, this is the first day that Tesla has earned the S&P 500 Index, and its open fell more than 4.5%.
Funds invaded the US dollar to protect themselves and the US dollar index rallied strongly, reaching a high of 91.01. The CBOE volatility index (VIX), known as the “panic index”, jumped to 31.5 points on Monday (21), the highest level since early November.
After months of negotiations, the Republican leader of the United States Senate, Mitch McConnell, announced that Congress had finalized a $ 900 billion rescue plan on Sunday. The two parties reached a consensus. The Senate and House of Representatives (21) vote.
However, the UK confirmed on Saturday (19) the discovery of a variant of the new corona pneumonia virus, which was 70% more infectious than the original virus, prompting the Johnson & Johnson government to announce urgently a complete blockade of London and most of the south-east of England, and cancel the relaxation of the Christmas holidays. With the five-day restriction plan, major European countries such as Germany, Italy and France immediately announced a ban on British flights and cargo the next day.
The news of the variant of the virus severely affected travel stocks. Delta Air Lines (DAL-US), United Airlines (UAL-US) and American Airlines (AAL-US) fell 3.2%, 4% and 5.2%, respectively. Cruise operator Royal Caribbean (RCL-US), Carnival Cruise Line (CCL-US) and Norwegian Cruise Line (NCLH-US) also fell between 3% and 5%.
Oil prices have also fallen as the market expects a new round of European travel and transportation restrictions to continue to affect fuel demand through 2021, with Brent crude oil and WTI crude both falling by more than 4 %.
Starting Monday (21) 22:00 Taipei time:
- The Dow Jones Index fell 244.99 points or 0.81%, temporarily to 29,934.06
- Nasdaq fell 106.27 points, or 0.83%, to 12,649.36 points temporarily.
- The S&P 500 Index fell 38.81 points, or -1.05%, to 3,670.60 points temporarily
- Commissions and a half fell 35.57 points or -1.29%, temporarily to 2729.17 points
- TSMC ADR fell 0.03% to $ 104.25 per share
- Yield on 10-year US Treasuries fell to 0.921%
- New York Light Crude Oil fell 4.32% to $ 46.98 a barrel
- Brent crude fell 4.15% to $ 50.09 a barrel
- Gold fell 0.28% to $ 1,883.60 an ounce
- The US dollar index rose 0.41% to 90.32 points
Focus actions:
Tesla (TSLA-US) fell 4.58% in early trading to $ 663.17.
Tesla was officially included in the S&P 500 index before the market on Monday (21). According to the calculation of the closing market value of Friday (18), Tesla has risen to the sixth largest constituent of the S&P 500, second only to Apple. , Microsoft, Yamason, Alphabet and Facebook.
Nike (NKE-US) was up 4.96% in early trading to $ 144.09.
The second quarter of fiscal 2021 (ending November 30) is based on key data from the GAAP financial report:
- Reported revenue at $ 11.24 billion, a 9% annual increase, better than Refinitiv’s forecast of $ 10.56 billion
- Earnings per share were reported at $ 0.78 after dilution, better than the $ 0.68 expected by Refinitiv
- Gross profit margin 43.1%
- Profit margin 29.1%
- Net profit of $ 1.25 billion, an annual increase of 12%
JPMorgan Chase (JPM-US) rose 1.74% in early trading to $ 121.15.
After the United States Federal Reserve (Fed) announced that they passed all the results of the stress test of financial institutions, JPMorgan Chase immediately announced that the board approved the share buyback plan starting in 2021, with a 30 billion dollar buyback scale.
Daily key economic data:
- The Chicago Fed National Activity Index for November reported 0.27, the previous value increased from 0.83 to 1.01
Wall Street Analysis:
Paul Donovan, chief economist at UBS Global Wealth Management, said: “Policy makers are clearly concerned about this. The fact that it is spreading faster may cause more restrictions to be extended and bring more economic consequences.”
Naeem Aslam, Avatrade’s Chief Market Analyst, said: “Investors around the world are concerned about new strains discovered in the UK. Investors are paying more attention to the short-term deterioration of the new corona epidemic and they forget that we already have a vaccine. ” The economic data has a big impact. “
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