After yesterday’s sharp sell-off, the four major U.S. stock indexes rebounded across the board on Thursday (28th). The Dow Jones Industrial Average rose more than 200 points or nearly 1%, the Nasdaq Index rose 0.6%, and the S&P 500 Index rose 0.8%. Half rose 1.8%. After the release of the financial report, American Airlines once opened up more than 30%.
Retail investors recently launched a short-squeeze offensive against a single stock such as GameStop and AMC, triggering market concerns about speculative trading. However, after it was reported that brokerages would begin to restrict trading, AMC and GameStop opened sharply on Thursday, falling by more than 20% and 5% respectively.
Financial report news
Despite its excellent profitability, Apple (AAPL-US) Still fell 2% at the opening, Tesla (TSLA-US) The opening fell more than 5% because the profit performance did not meet Wall Street expectations.
In addition, American Airlines (AAL-US) It was announced before the market today that the net loss for Q4 was smaller than expected, and the opening surged 24. Southwest Airlines, which released its financial report on the same day (LUV-US) Also rose 2%, United Airlines (UAL-US) And Delta Air Lines (DAL-US) And other airline stocks rose.
U.S. economic data
The US Department of Labor announced that it received nearly 850,000 unemployment benefits at the beginning of last week, which was better than the previous value and hit a 4-month low. Although the US GDP grew by 4% in the fourth quarter of last year, it was still difficult to make up for the sharp decline in Q2 GDP, resulting in a GDP decline of 3.5% in 2020, the worst performance since World War II in 1946.
Before the GDP report was released, the Federal Reserve Bank of America (Fed) maintained its current monetary policy unchanged on Wednesday, but warned that business activities have slowed as the epidemic heats up.
As of 22 o’clock on Thursday (28th) Taipei time:
- The Dow Jones Index rose 280.66 points, or 0.93%, to 30583.83 points temporarily
- Nasdaq rose 82.50 points, or 0.62%, to 13353.10 points temporarily
- The S&P 500 Index rose by 29.93 points, or 0.80%, temporarily at 3,780.70 points
- Fees and a half rose by 52.77 points or 1.84%, temporarily reporting 2927.90 points
- TSMC ADR rose 2.19% to 124.41 per share USD
- The 10-year U.S. Treasury yield rose to 1.043%
- New York light crude oil rose 0.91% to 53.33 per barrel USD
- Brent crude oil rose 0.90% to 56.31 per barrel USD
- Gold rose 0.62% to 1,860.30 per ounce USD
- USDThe index fell 0.11% to 90.54 points
Focus stocks:
Tesla (TSLA-US) Fell 5.25% in early trading to 818.79 USD。
2020 Q4 earnings report key data vs. analyst expectations (Refinitiv survey)
Apple (AAPL-US) Fell 2% in early trading to 139.22 USD。
2021 fiscal year Q1 (end on December 26) key financial report key figures vs. Refinitiv analyst consensus expectations
The performance of each terminal product vs. Refinitiv analyst consensus expectations
- iPhone revenue: an annual increase of 17% to 65.6 billionUSD vs. 59.8 billionUSD
- Mac revenue: an annual increase of 21% to 8.98 billionUSD vs. 8.69 billionUSD
- iPad revenue: an annual increase of 41% to 8.44 billionUSD vs. 7.46 billionUSD
- Revenue from wearable devices, household equipment and accessories (including AirPods and Apple Watch): annual growth of 29% to 12.97 billionUSD vs. 11.96 billionUSD
- Service revenue (including iCloud, Apple Music): an annual increase of 24% to 15.76 billionUSD vs. 14.8 billionUSD
American airlines (AAL-US) Rose 30.07% in early trading to 21547 USD。
2020 Q4 earnings key data vs. Refinitiv analyst consensus expectations
Daily key economic data:
- The initial value of the quarterly growth rate of real GDP in the United States in Q4 was 4.0%, the expected 4.1%, and the previous value of 33.4%
- The initial value of the quarterly growth rate of US consumer spending in Q4 is 2.5%, which is expected to be 2.6%, and the previous value is 41.0%
- US Q4 core PCE quarterly growth rate initially reported 1.4%, expected 1.5%, previous value 3.4%
- In the United States last week (1/23), the initial unemployment benefits were reported to 847,000, and the expected value was 875,000. The previous value was raised from 900,000 to 914,000.
- The United States last week (1/16) reported 4.771 million unemployment benefits, which is expected to be 5.088 million. The previous value was lowered from 5.054 million to 4.974 million
- At 23:00 Taipei time, the annualized total number of new home sales in the United States in December will be announced, which is expected to be 860,000, and the previous value was 841,000.
- At 23:00 Taipei time, the annualized monthly growth rate of new home sales in the United States in December will be announced, expected 2.3%, previous value-11.0%
Wall Street analysis:
Michael Hewson, chief market analyst at CMC Markets, said that the Reddit community has driven some stock prices to skyrocket, which to some extent overshadows the news of the Fed interest rate decision last night.
Olaf van den Heuvel, Chief Investment Officer of Aegon Asset Management, said that the market has been over-excited, and GameStop’s surge is an example. The stock has entered a bubble.
Schroders (Schroders) fund manager Remi Olu-Pitan is worried about the phenomenon of the stock market soaring, saying that investors will see more retracements next.
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