Investors are back from consecutive Christmas holidays,10-year US Treasury yieldSkyrocketing on Tuesday (27), technology stocks and consumer discretionary stocks were hit hard, the three major indexes were out of ink, onlyDow JonesExciting red. The S&P fell 0.4%,That fingerPlunged more than 1.3%, dragged down by Nvidia,tax halfIt fell nearly 1.8%.
Apple stock price hit a new closing low since June 2021 on iPhone supply issues. Affected by news of production cuts, Tesla’s stock price plunged more than 11%. Weilai Automobile slashed its fourth-quarter delivery forecast, which also hit EV inventories.
Airlines stocks were in a slump: After the Christmas holidays were hit by a blizzard, more than 80 percent of Southwest Airlines’ flight plans were disrupted.
The prospect of Chinese demand has pushed up international oil prices and energy inventories have increased significantly. China recently announced that it will completely lift its entry quarantine policy from January 8 next year, and also allow tourists to travel abroad freely. Japan, South Korea and Thailand are currently the most concerned tourist destinations for Chinese tourists and some countries have started to increase the number of tourists from China COVID-19 testing requirements.
After Western countries set price ceilings for Russian crude, Russia took countermeasures on Tuesday. Russian President Vladimir Putin signed a presidential decree banning the supply of oil to those participating in the ‘price ceiling’ for five months from February 1 next year. The country exports crude oil and refined products.
The global novel coronavirus pneumonia (COVID-19) epidemic continues to spread. Ahead of the deadline, data from Johns Hopkins University (Johns Hopkins University) showed that the number of confirmed cases worldwide has exceeded 658 million, and the number of deaths exceeded 6.68 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.
The performance of the four major US stock indexes on Tuesday (27):
Focus on the actions
All five kings of science and technology have fallen. Apple (AAPL-USA) down 1.39%; Alphabet (GOOGL-USA) down 2.06%; Microsoft (MSFT-USA) down 0.74%; Half (META-USA) down 0.98%; Amazon (AMZN-USA) down 2.59%.
Dow JonesMore than half of the constituent shares received dividends. Verizon Communications (VZ-USA) increased by 2.19%; Kintor Heavy Industry (CAT-US) increased by 1.36%; Chevron (CVX-USA) increased by 1.26%; disney (DIS-US) down 1.86%; Goldman Sachs (GS-USA) fell 1.02%.
tax halfThe constituent stocks are almost completely bloodied. Nvidia (NVDA-USA) dropped by 7.14%; Applied Materials (AMAT US) fell 1.93%; Texas Instruments (TXN-USA) down 0.37%; microns (MU-US) down 0.36%; intel (INTC-US) down 0.57%; Qualcomm (QCOM-USA) down 1.25%; AMD (AMD-USA) down 1.94%.
Only Chunghwa Telecom has the strongest ADR in Taiwan stocks. TSMC ADR (TSM-USA) down 0.76%; ASE ADR (ASX-USA) fell by 1.26%; UMC ADR (UMC-USA) fell 1.63%; Chunghwa Telecom ADR (US CHT) up 0.66%.
Company news
China has finally exited the dynamic compensation policy, Alibaba (BABA-US), Weibo (WB-USA) and other Chinese conceptual stocks ADRs rose on Tuesday, however, Tesla and Apple fell on Tuesday, indicating that the negative impact of the Chinese economy is still not fully understood.
Due to the surge of new corona diagnoses in China, the risk of supply chain disruption is rapidly increasing, and Apple (AAPL-USA) fell 1.4% to $130.03 per share, the lowest since June 2021, becoming theDow Jones Indexmore drag.
American electric vehicle manufacturer Tesla (ATS-US) fell 11.41% to $109.10 a share, and its stock price is down more than 72% this year. Tesla reported that the Shanghai plant’s production reduction plan from December 24 will be extended to January next year, while foreign media have pointed out that Tesla’s Shanghai plant will only produce electric vehicles for 17 days in January next year.
NIO (NIO-USA) fell 8.21% to $10.06 per share. Chinese electric-car maker NIO cut its delivery forecast for the fourth quarter of this year, citing the coronavirus outbreak in major Chinese cities limiting its supply chain and weak demand.
disney (DIS-US) fell 1.86% to $86.37 per share.
Economic data
- US Wholesale Inventory Initial Monthly Rate in November was reset to 1%, expected at 0.4% and prior value of 0.6%
- US Home Price Index monthly rate in October was reported at 0%, expected – 0.6% and previous value was 0.1%
- December US Fed Dallas Manufacturing Index reported -18.8, expected -16, prior value -14.4
Wall Street analysis
Analysts are expecting the worst annual performance for US stocks since 2008.Dow Jonesand the S&P are down 8.5% and 19.7% respectively so far in 2022.that fingerIt has so far fallen to 33.8%.
Truist analyst Keith Lerner judged, “Fundamentally, Tuesday’s US stock performance is still a situation where rising US bond yields have frustrated growth stocks and there is small-scale equity rotation that it is not enough to change the general situation”.
“The sale of tax losses, portfolio rebalancing and investor portfolio positioning for 2023 could also weigh on US equities,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.
“The Chinese government has made it clear that it is willing to go down the road of reopening, but investors may be reluctant to place too much hope on the stock market in the short to medium term, possibly up to mid-2023,” Kunal said. Sawhney, managing director of Kalkine Group.
The numbers are all updated before the deadline, please refer to the actual quotation
