The new round of large-scale stimulus plans in the United States and the slowing of the epidemic have led to recent market bullish sentiment. On Tuesday (9th) the market waited for the relief case to progress. The rise of the three major indexes slowed down, but the Nasdaq still hit a record high. Pu and Dow Jones ended up with a small drop after hitting a record high in the session.
Democrats in the House of Representatives announced a large-scale bail-out bill on Monday evening, which includes 400 per week USDThe unemployment benefit was extended to August 29, and most families were paid 1,400 per person USDCash checks, etc., are committed to be passed by the House of Representatives later this month.
Regarding the details of cash checks, the President of the United States also called on Tuesday that he supports adjusting the threshold for cash checks and agrees to pay an annual income of no more than 75,000. USDOf families issued 1400 USDCash check.
In addition to the good news about rescue cases, the epidemic is gradually slowing down. In the past week, the average number of new confirmed cases per day in the United States was 111,190, a decrease of 36% from the average two weeks ago. According to data from the COVID Tracking Project, there were 80,055 new coronary pneumonia patients in US hospitals last Sunday, the lowest level since November 18, indicating that the hospitalization rate is also declining.
Tuesday (9th) the performance of the four major US stock indexes:
- The US stock Dow Jones index fell 9.93 points, or 0.1%, to close at 31,375.83 points.
- The S&P 500 index fell 4.36 points, or 0.1%, to close at 3,911.23 points.
- The Nasdaq Index rose 20.06 points, or 0.1%, to close at 14,007.70 points.
- The Philadelphia Semiconductor Index rose 93.47 points, or 3.13%, to close at 3,078.48 points.
Focus stocks
The five kings of science and technology have mixed ups and downs, but only slightly fluctuates. Apple (AAPL-US) Fell 0.66%; Facebook (FB-US) Rose 1.08%; Alphabet (GOOGL-US) Fell 0.44%; Amazon (AMZN-US) Fell 0.54%; Microsoft (MSFT-US) Rose 0.54%.
The constituent stocks of Dow Jones have mostly consolidated slightly. McDonald’s (MCD-US) Rose 2.08%; United Health (UNH-US) Rose 1.63%; Boeing (BA-US) Rose 1.50%; Disney (DIS-US) Fell 0.94%; Nike (US-US) Fell 1.13%; Dow Chemical (DOW-US) Fell 1.31%.
Fei’s semi-component stocks were mixed. ON Semiconductor (ON-US) Rose 2.01%; Intel (INTC-US) Fell 0.64%; Micron (MU-US) Fell 0.82%; Qualcomm (QCOM-US) Fell 0.86%; NVIDIA (NVDA-US) Fell 1.22%; AMD (AMD-US) Fell 0.61%.
Taiwan stocks ADR collectively received dividends. TSMC ADR (TSM-US) Rose 0.1%; ASE ADR (ASX-US) Rose 0.73%; UMC ADR (UMC-US) Rose 2.88%; Chunghwa Telecom ADR (CHT-US) Rose 0.64%.
Stock news
The funding frenzy of the retail army of the Reddit platform has fallen sharply, the short-covering momentum has weakened, and the retail investors have made profits. GameStop (GME-US) The stock price has gone from a high of 483 at the end of January USD Down to 50 USDabout.
Electronic Arts (EA-US) Announced on Tuesday at 12.50 per share USDThe acquisition of Glu Mobile, a mobile game developer, at a price that is significant to enter the mobile game market, the stock price rose 2.6% after the news.
Wedbush released a report on Tuesday, optimistic about Twitter (TWTR-US) This year’s performance indicates that Twitter has benefited from two consecutive quarters of advertiser demand and user monetization growth. The fourth-quarter performance will exceed market expectations, encouraging Twitter’s share price to rise 3% on Tuesday.
Shared car startup Lyft (LIFT-US) On Tuesday, it announced its earnings report and revenue showed strong growth. The company said that it has gradually recovered from the epidemic and is expected to achieve profit in the third quarter. The stock price soared 9% after the market.
Dow Jones component stock Cisco (CSCO-US) Although the financial report was better than market expectations, revenue has fallen for five consecutive quarters. Although cloud demand has increased Cisco’s business, remote work has also affected corporate commercial business, and the stock price has fallen by 6% after the market.
Wall Street Analysis
JJ Kinahan, chief market strategist at TD Ameritrade, said that the market is repricing for the economic restart recently, and US stocks may continue to rise in the short term. However, whether the economy can actually meet expectations is more worrying.
Bank of America analyst Jared Woodard said that since the recent market has shown signs of overheating, there may be a wave of 5% to 10% corrections in the first quarter, but it will be an opportunity to enter the market at a low point.
However, Mona Mahajan, investment strategist at Allianz International, believes that taking into account the vaccine, the slowing of the epidemic and the assistance of the new round of stimulus measures in the United States, the subsequent rise may be just beginning. So far, the market has not shown a 5% or 10%. % Signs of correction.
Preview of key events on Wednesday:
- EIA releases crude oil inventory report
- FED Chairman Jerome Powell will give an online talk
- U.S. will publish consumer price index
