Several Federal Reserve officials continued to issue aggressive comments on Friday (9th) and U.S. bond yields rose, but due to hot pre-orders of Apple’s new machine, bulls in tech stocks continued to advance, along with strong leadership from Apple’s new machine. communications services and energy stocks rose, the four major indices all closed higher,Dow JonesUp by nearly 380 points, S&P closed in the red by more than 1.5%,that fingerAndhalf sharerose over 2%.
The major US stock index finished its three-week losing streak this week.Dow JonesWeekly up 2.66%, weekly S&P up 3.65%,that fingerPerformance was even better, with a weekly gain of 4.14%.
In terms of politics and economics, following Fed Chairman Powell’s reiteration of a hawkish rate hike Thursday, Fed Governor Christopher Waller said on Friday he could support another 3 rate hike in September, suggesting that the Fed should abandon driving forward during the tightening cycle and the future policy path will depend entirely on economic data.
Faced with the continuing Russian threat of gas cuts, the European Commission held a meeting of energy ministers in Brussels on the 9th to elaborate restrictions on the income of non-natural gas energy producers, while helping power companies to maintain operations, but currently 27 EU member states have implemented Russian gas Reactions to the price cap have been mixed.
The nations of the Group of Seven (G7) remain committed to convincing more countries to join Russia’s oil price ceiling plan before discussing the details of the policy in detail.
The global epidemic of novel coronary pneumonia (COVID-19) continues to spread. Before the deadline, data from Johns Hopkins University in the United States showed that the number of confirmed cases worldwide exceeded 607 million and the number of deaths exceeded 6.51 million. More than 12.6 billion doses of the vaccine have been administered in 184 countries around the world.
The performance of the four major US equity indices on Friday (9):
Focus the actions
The five kings of technology have strong buying momentum. apple (AAPL-USA) increased by 1.88%; Half (META-US) increased by 4.37%; Alphabet (GOOGL-US) increased by 2.09%; Amazon (AMZN-USA) increased by 2.66%; Microsoft (MSFT-USA) increased by 2.30%.
Dow JonesMore than half of the voters closed in the red. sales force (CRM-USA) increased by 3.63%; 3M (MMM-USA) increased by 3.21%; the development of heavy industry (CAT-US) rose by 3.46%; American Express (AXP-USA) increased by 3.2%; UnitedHealth (UNH-USA) fell 0.29%.
half shareThe constituent actions have risen in unison. Intel (INTC-USA) increased by 2.31%; Micron (MU-USA) increased by 3.70%; NVIDIA (NVDA-USA) increased by 2.84%; AMD (AMD-USA) increased by 3.23%; Applied materials (AMAT-USA) increased by 2.90%; Qualcomm (QCOM-USA) increased by 2.48%; Texas Instruments (TXN-USA) increased by 1.38%.
Taiwan’s ADR increased collectively. TSMC ADR (TSM-USA) rose by 1.61%; ASE ADR (ASX-USA) rose by 1.59%; UMC ADR (UMC-USA) rose by 1.88%; Chunghwa Telecom ADR (CHT US) increased by 0.36%.
Company news
apple (AAPL-USA) rose 1.88 percent to $ 157.37 per share. When Apple began accepting pre-orders for the iPhone 14 series, delivery times for the iPhone 14 Pro / Pro Max series in online stores in the United States and other countries / regions were postponed to the end of October or even beyond, and the enthusiasm for the purchase was quite enthusiastic.
The American electric car manufacturer Tesla (TSLA-USA) rose 3.60% to $ 299.68 per share. Tesla is considering building a lithium refinery on the Gulf Coast of Texas to ensure a constant supply of key components for electric vehicle batteries, thereby increasing production of electric vehicles.
Lyft US Passenger Service (LYFT-US) rose 5.47 percent to $ 18.11 per share. Lyft is rumored to have been acquired by Twitter, GM predicts (GM-USA) 、 Dash Port (DASH-US) and Ford (F-USA) could be potential buyers.
Electronic signature technology company DocuSign (DOCU-USA) was up 10.51% to $ 64.04 per share. DocuSign’s second quarter earnings report was successful in terms of both revenue and profit. Among them, revenue from “subscriptions” of DocuSign’s largest revenue source increased 23% year-on-year, better than market expectations, and its third-quarter financial forecast also exceeded market expectations. .
Qualcomm (QCOM-USA) rose 2.48% to $ 132.05 per share. European Commission backs off Qualcomm’s 997 millionEUR (about $ 1 billion) in an antitrust case, ending a tangle of lawsuits since 2018.
Wall Street Analysis
Fed monetary policy tightening weighs on equities and bonds in 2022, with the S&P down 14.6% so far,10-Year US Treasury YieldHaving recently risen to 3.30%, many economists see a greater chance of a recession next year.
Jake Schurmeier, Port Capital Advisors Portfolio Manager, commented: “Tightening financial conditions have led to a reduction in liquidity, which has made it more difficult to hold large positions in bonds and could see greater volatility in the future.”
Phil Orlando, stock market strategist at Federated Hermes, said, “The US economy is already headed for a recession and the Fed’s increasing pace on quantitative tightening (QT) will accelerate the decline in stock prices and the increase in US bond yields “.
Solomon Tadesse, head of quantitative securities strategy for Société Générale in North America, believes: “The Fed will eventually cut its balance sheet by $ 3.9 trillion, the equivalent of about 18 implied rate hikes. ‘range 2900-3200. “
The data is updated before the deadline, please refer to the actual quotation.
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