Monday (28th) U.S. President Trump officially signed the 900 billion yuanUSDThe US economic stimulus bill avoided government shutdown and provided much-needed impetus to economic recovery. The 10-year U.S. Treasury yields rose, and the new week of U.S. stocks had a strong start.
Travel, aviation, and cruise stocks rose, Apple led the rise, UMC’s ADR soared by more than 4%, and the Dow Jones, S&P, and Nasdaq indexes hit record highs. The S&P 500 index has risen 15.6% this year, the Dow Jones index has risen 6.6%, and the Nasdaq has soared 43.7% so far.
The U.S. House of Representatives will vote on 2,000 on Monday USDThe bailout check bill, but even if the bill passes, it is expected that the Republican-controlled Senate will veto it.
The global new crown pneumonia (COVID-19) epidemic continues to have a fever. According to the real-time statistics of Johns Hopkins University in the United States before the deadline, the number of confirmed cases worldwide has exceeded 81.1 million, and the number of deaths has exceeded 1.77 million. The United States has accumulated More than 19.22 million cases were diagnosed, and the cumulative number of deaths exceeded 334,000.
Monday (28th) the performance of the four major US stock indexes:
- The Dow Jones Index rose 204.10 points, or 0.68%, to close at 30,403.97 points.
- The S&P 500 index rose 32.30 points, or 0.87%, to close at 3,735.36 points.
- The Nasdaq Index rose 94.69 points, or 0.74%, to close at 12,899.42 points.
- The Philadelphia Semiconductor Index fell 5.94 points, or 0.22%, to close at 2,744.30 points.
Focus stocks
The five kings of science and technology are like a rainbow. Apple (AAPL-US) Rose 3.58%; Facebook (FB-US) Rose 3.59%; Alphabet (GOOGL-US) Rose 2.30%; Amazon (AMZN-US) Rose 3.51%; Microsoft (MSFT-US) Rose 0.99%.
Dow Jones constituent stocks rose more and fell less. Disney (DIS-US) Rose 2.96%; Visa (V-US) Rose 1.88%; United Health (UNH-US) Rose 1.51%; Coca-Cola (KO-US) Rose 1.33%; Goldman Sachs (GS-US) Rose 1.32%.
Fee half-component stocks received more lows. Qualcomm (QCOM-US) Fell 0.71%; AMD (AMD-US) Fell 0.23%; Intel (INTC-US) Flat; NVIDIA (NVDA-US) Fell 0.72%; Micron (MU-US) Rose 0.11%.
Taiwan stocks ADR collectively received dividends. TSMC ADR (TSM-US) Rose 0.066% to 106.15 per share USD, The second highest in history. UMC ADR (UMC-US) Rose 4.22%; ASE ADR (ASX-US) Rose 2.96%; Chunghwa Telecom ADR (CHT-US) Rose 1.23%.
Stock news
Chinese regulators launched an antitrust investigation on Alibaba last Thursday (24th). On Monday, Alibaba announced that it will expand the size of treasury stocks from 6 billion.USDIncreased to 10 billionUSD, For a period of 2 years to the end of 2022, Alibaba ADR (BABA-US) Closed up 0.16% on Monday.
Tianfeng International analyst Ming-Chi Kuo believes that Apple Car may not be unveiled until 2028, rather than the rumored 2024. At present, the market is too optimistic about Apple Car. Despite this, Apple rose more than 3.58% to 136.69 per share on Monday USD, A record high, with a market value of 2.32 trillionUSD。
Novavax announced that its new crown vaccine has entered an advanced stage, recruiting as many as 30,000 test subjects from approximately 115 locations in the United States and Mexico. Novavax (NVAX-US) Fell by 9.66%.
The United Kingdom is expected to approve the new crown vaccine jointly developed by AstraZeneca and Oxford University this week, AstraZeneca (AZN-US) Rose 1.77%.
In anticipation of a rebound in travel demand next year, JPMorgan Chase acquired the travel and incentive business of cxLoyalty, a credit card incentive program manager. JPMorgan (JPM-US) Rose 0.66%.
Weibo (WB-US) Fell 13.50% on Monday to 38.33 per share USD.The company released better-than-expected results for the third quarter of 2020, with net revenue of 465.7 millionUSD, But the growth rate of average daily active users slowed down.
Economic data
Dallas Fed Manufacturing Activity Index reported 9.7, expected 10.2, previous value 12.0
Wall Street Analysis
US President Trump officially signed the scale of 900 billionUSDThe US Treasury yield curve was slightly steeper on Monday. Goldman Sachs currently judges that thanks to this new round of stimulus, the US GDP (gross domestic product) is expected to grow by 5% in the first quarter.
Bridge Advisors Investment Chief James Meyer said that although the benefits of the stimulus bill will not be immediately reflected in the data released in December next week, US stocks will remain stable and higher as investors see the months-long fiscal bill will be resolved.
Tom Essaye, founder of Sevens Report Research, believes that the five major bulls of the stock market rise (federal stimulus bill, FOMC stimulus plan, vaccine launch, government split and no W-shaped recession) are still largely still there. Before these changes, US stocks mid to long-term The outlook will be positive.
Terry Sandven, chief equity strategist at Bank of America Wealth Management, said that the stock market seems to be expected to close at the end of the year. The government has introduced new stimulus measures to provide a certain degree of protection for economic stability. In response to the new crown virus (Covid-19), medical progress continues to develop. The environment is good for the stock market.
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