Major US stock indexes rose in early trading on Friday (5th). The Dow Jones Industrial Average rose 0.51%, the S&P 500 index rose 0.51%, the Nasdaq index rose 0.32%, and the fee fell 0.07%.
The U.S. Senate voted 51-50 and passed President Biden 1.9 trillion.USDA budget blueprint for the epidemic relief plan. The House of Representatives passed its budget resolution on Wednesday, but may have to vote again on Friday to decide whether to agree to the Senate’s text.
Once the House of Representatives agrees, the Democrats will be able to enact a relief bill in the next few weeks and pass the bill under special budget rules without Republican support.
The Ministry of Labor announced that non-agricultural employment increased by 49,000 in January, which was significantly lower than the expected increase of 100,000. The unemployment rate in the United States in January was 6.3%, which is estimated at 6.7%. The agency believes that the number of unemployed in January was worse than initially expected, which reinforces the reason for the government to issue additional relief funds in response to the epidemic.
The number of initial jobless claims announced earlier on Thursday showed that there were 779,000 first-time applicants, which was the lowest since November 28 and also lower than the 830,000 expected by economists.
As of Friday (5th) 22 o’clock Taipei time:
- The Dow Jones Index rose 159.18 points, or 0.51%, to 31215.04 points temporarily
- Nasdaq rose 44.51 points, or 0.32%, to 13822.25 points temporarily
- S&P 500 rose 19.76 points or 0.51%, temporarily at 3891.50 points
- Fees and a half fell by 2.13 points or -0.07%, temporarily reported at 3006.29 points
- TSMC ADR fell 0.7% to 127.27 per share USD
- The 10-year U.S. Treasury yield rose by 3.7 basis points to 1.176%
- New York light crude oil rose 1.07% to 56.83 per barrel USD
- Brent crude oil rose 1.0% to 59.43 per barrel USD
- Gold rose 0.27% to 1798.96 per ounce USD
- USDThe index fell 0.29% to 91.29 points
Focus stocks:
Snap(SNAP-US) Fell 0.6% to 57.96 USD
After Snap announced its fourth quarter earnings, Citi analyst Jason Bazinet maintained a sell rating on Snap with a target price of 29 USD。
Bazinet told investors in a research report that Snap’s revenue and daily active users exceeded market expectations. Even so, the adjusted profit before interest, tax, depreciation and amortization is far below Wall Street expectations.
Ford (F-US) Rose 1.49% to 11.55 USD
Ford Motor reported a quarterly profit of 34 cents per share, while analysts expected a loss of 7 cents per share.
Ford said that the continuous shortage of semiconductors worldwide is reducing its production and profits.
Jiao Sheng (JNJ-US) Rose 1.70% to 164.7 USD
After the data released by Johnson & Johnson last week showing that its effective rate was 66%, it applied to the FDA for an emergency use authorization for a single-use coronavirus vaccine.If Johnson’s application is approved, it will be the third batch of Covid-19 vaccine approved for emergency use in the United States
The previously approved vaccines developed by Pfizer and Moderna require two injections.
Johnson & Johnson’s new vaccine is highly anticipated. The main reason is that it can be stored at the temperature of the refrigerator in logistics, instead of using special freezing equipment, and it is easier to deliver.
Daily key economic data:
The number of non-agricultural employment increased by 49,000 in January, which is estimated to increase by 100,000, and the previous value decreased by 140,000.
The US unemployment rate in January was 6.3%, which was estimated at 6.7%, compared with the previous value of 6.7%.
Wall Street analysis:
CIBC Private Wealth Investment Chief David Donabedian said that the latest employment report will support political arguments that require more stimulus policies. Under the sluggish employment growth, Treasury Secretary Janet Yellen called for more federal assistance to realize the economy The substantial recovery.
Adam Crisafulli, founder of VItal Knowledge, released a report that the support that contributed to the rise in the stock market has become stronger. In the fourth quarter, corporate profits were much better than expected. The government injected more stimulus measures into the economy and the pace of vaccination was also accelerate.
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