The latest non-agricultural report shows that the number of U.S. employment has fallen sharply, intensifying market expectations for more stimulus measures. U.S. stocks opened on Friday (8th) and hit a new high. The Dow Jones Industrial Average rose 65 points, or 0.21%, and the S&P 500 index rose 0.4. %, the Nasdaq index rose 0.7%, and fees rose 1.3%.Tesla continued to soar 4% in early trading, and its market value broke through 800 billionUSDCheckpoint.
The U.S. Department of Labor announced on Friday that non-agricultural employment fell by 140,000 in December last year, which was far below market expectations, and wrote the worst performance since April last year. The surge in confirmed cases across the U.S. has forced local governments to adopt stricter restrictions, causing the job market to remain under pressure.
There have been many major incidents this week. Despite the fierce clashes in the US Capitol, major US stock indexes still hit record highs. The Democrats’ seizure of two key seats in the Senate and Biden’s decision to be elected President of the United States brought hope for more stimulus measures.
At the same time, Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi asked Vice President Mike Pence and Trump’s cabinet to invoke the Constitution on Thursday (7th) for inciting congressional unrest. The 25th amendment would allow Trump to step down in advance. And threatened to impeach Trump again.
As of 22 o’clock on Friday (8th) Taipei time:
- The Dow Jones Index rose 65.89 points, or 0.21%, temporarily at 31107.02 points
- Nasdaq rose 93.42 points, or 0.71%, to 13160.90 points temporarily
- The S&P 500 Index rose 14.98 points, or 0.39%, temporarily at 3,818.77
- Fees and a half rose by 37.53 points or 1.28%, temporarily at 2974.53 points
- TSMC ADR rose 3.20% to 125.31 per share USD
- The 10-year U.S. Treasury yield rose to 1.093%
- New York light crude oil rose 1.55% to 51.62 per barrel USD
- Brent crude oil fell 1.56% to 55.23 per barrel USD
- Gold fell 1.37% to 1887.40 per ounce USD
- USDThe index fell 0.06% to 89.735 points
Focus stocks:
Tesla (TSLA-US) Rose 4.45% to 852.38 in early trading USD。
Tesla’s share price surged above 800 on Thursday (7th) USDThe mark also allowed Elon Musk to defeat Amazon CEO Jeff Bezos and become the world’s richest man.
Miko (MU-US) Rose 6.36% in early trading to 84.14 USD。
Q2 Key figures of financial measurement (non-GAAP)
Q1 Key figures of financial measurement (non-GAAP)
- Revenue: 5.77 billionUSD vs. 5.73 billionUSD (Refinitiv interview analyst forecast)
- Gross profit margin: 30.9%
- Operating expenses: 811 millionUSD
- Operating profit: 973 millionUSD
- Net profit: 897 millionUSD
- EPS after dilution: 0.78 USD vs. 0.71 USD (Refinitiv interview analyst forecast)
Boeing (BA-US) Rose 0.31% in early trading to 213.37 USD。
Boeing agreed to pay more than 2.5 billionUSD, Reached a settlement with the U.S. Department of Justice on criminal investigations. The company was previously accused of deliberately deceiving aviation regulators on the Boeing 737 Max flight safety issue, trying to confuse the findings.
Daily key economic data:
- U.S. non-agricultural employment fell by 140,000 in December, and is expected to be 85,000. The previous value was revised up from 245,000 to 336,000.
- The U.S. unemployment rate reported 6.7% in December, expected to be 6.8%, and 6.7% before
- The U.S. labor participation rate reported 61.5% in December, up from 61.5% before
- The average hourly salary increase rate in the United States in December is 5.1%, which is expected to be 4.5%, and the previous value is 4.4%
- The average hourly salary increase rate in December in the United States reported 0.8%, which is expected to be 0.2%, and the previous value is 0.3%
- The average weekly working hours in the United States in December reported 34.7 hours, which is expected to be 34.8 hours, and the previous value was 34.8 hours
- 23:00 Taipei time in the evening, US wholesale inventory monthly growth rate% in December, expected-0.1%, previous value-0.1%
Wall Street analysis:
Michael Hewson, chief market analyst at CMC Markets, said that there are a large number of traders trading and prices continue to rise. The field of electric vehicles is becoming more and more popular. Democrats now have a better chance to pass some green energy policies. It means that more funds will be invested in it in the future.
Deutsche Bank (Deutsche Bank) analysts released a report stating that investors seem to be disapproving of the violence in Washington, but are looking forward to the new government offering more stimulus measures and reducing political unrest in less than two weeks.
Brian Vendig, CEO of MJP Wealth Advisors, said that optimistic expectations for the epidemic vaccination plan and more relief measures will help offset any risks that we see in the short term from weak economic data.
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