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On Tuesday (1), a new round of stimulus measures, new hopes and news about vaccines, US stocks rebounded from yesterday’s slide and the three major US stock indices set intraday highs. The S&P, Nasdaq and Fees received a red mark of more than 1.1% at the end. At a record high, TSMC’s ADR closed at a new $ 100 milestone.
Tuesday (1) the performance of the four main US stock indices:
- The Dow Jones Index rose 185.28 points, or 0.63%, to close at 29,823.92 points.
- The S&P 500 index rose 40.82 points, or 1.13%, to close at 3,662.45 points.
- The Nasdaq index rose 156.37 points, or 1.28%, to close at 12,355.11 points.
- The Philadelphia Semiconductor Index rose 46.24 points, or 1.74%, to close at 2,709.73 points.
Focus on political and economic current affairs
A new round of stimulus bills advanced Tuesday. US congressmen from both parties announced on Tuesday (1) a new draft of the new stimulus plan of the crown with a scale of more than 900 billion US dollars. However, the draft was complied with) Leader McConnell vetoed it as a waste of time.
McConnell said he had spoken with Treasury Secretary May Mnuchin, drafted a new stimulus plan of about $ 500 billion and that he will begin negotiations with the Speaker of the US House of Representatives, Pelosi.
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 63.63 million and the number of deaths has exceeded 1.47 million . More than 13.66 million cases were diagnosed and the cumulative number of deaths exceeded 269,000.
Focus actions
The five great kings of technology collectively closed higher. Apple (AAPL-US) rose 3.08%; Facebook (FB-US) rose 3.46%; Alphabet (GOOGL-US) was up 2.33%; Amazon (AMZN-US) was up 1.64%; Microsoft (MSFT-US) was up 1.00%.
30 Dow Jones shares received more dividends. Travelers (TRV-US) increased 2.90%; Johnson & Johnson (JNJ-US) rose 1.91%; Salesforce (CRM-US) fell 1.81%; JPMorgan Chase (JPM-US) was up 1.58%.
Fei’s semi-constituent actions were led by Micron. Micron (MU-US) was up 4.67%; AMD (AMD-US) fell 0.032%; Intel (INTC-US) was up 2.50%; NVIDIA (NVDA-US) fell 0.086%; Qualcomm (QCOM-US) was up 2.78%.
Taiwan ADR shares are happy. TSMC ADR (TSM-US) rose 3.96% to US $ 100.86 per share, a record. ASE ADR (ASX-US) rose 2.44%; UMC ADR (UMC-US) was up 4.07%; Chunghwa Telecom ADR (CHT-US) was up 0.47%.
Stock Market News
S&P Dow Jones Indices said Monday that Tesla will list Tesla in the S&P index at once based on fully float-adjusted market value weights prior to the market opening on Dec. 21. Tesla (TSLA-US) increased 3.02%.
BlackBerry and Amazon Web Services (AWS) jointly launched the BlackBerry IVY automotive software / data platform on Tuesday 1. BlackBerry (BB-US) jumped 58% at noon and closed 19.25% at US $ 7 a share.
Salesforce (CRM-US) announced the acquisition of Slack (WORK-US) for $ 27.7 billion post-market, Slack closed up 2.24% and fell slightly post-market at 0.068%.
Economic data
- The US November Markit Manufacturing PMI reported 56.7, the old value was 56.7 and the previous value was 56.7
- The US ISM Manufacturing PMI in November reported 57.5, expected 57.6, previous value 59.3
Wall Street Analysis
Alfred Eskandar, president of Salt Financial, said that in early November, when we saw the VIX panic index skyrocket to 40, it was because of the warming epidemic, not only in the United States, but also in the world. Today, we can see that VIX has been cut by almost half, which is also due to vaccines. The good news: In short, the market is very, very sensitive to vaccine news.
Alfred Eskandar said that there must be many reasons to invest in the stock market now and in the near future, and there must be optimistic views.
Tom Lee, founder of Fundstrat, a research organization, predicts that the S&P 500 will close at 3,800 points by 2020, which means that the index will rise almost 5%.
Tom Lee investigated and judged that we do not believe that the stock market will suddenly weaken in December. Of course, the risk is that this is a consensus, but we are in a period of seasonal strength in the stock market.
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