The United States announced on Thursday (14th) that the latest unemployment benefit data rose sharply to nearly one million people. The market is watching Joe Biden announce the details of the latest relief plan. US stocks opened higher on Thursday (14th) and the Dow Jones Industrial Average rose Over 150 points or 0.5%, the S&P 500 index rose 0.2%, the Nasdaq index rose 0.4%, and fees rose 1.8%. TSMC ADR (TSM-US) Soared 6% in early trading, reaching a record high.
US President-elect Biden is expected to announce the latest rescue plan on Thursday, which is expected to reach 2 trillionUSD, The incoming chairman of the National Economic Council, Brian Deese, recently revealed that the new rescue plan will include 2000 USDCash checks, and provide more support for vaccination operations, unemployment insurance, schools and families.
Nevertheless, the U.S. House of Representatives voted on Trump’s impeachment on the grounds of inciting riots on Thursday, and finally passed the vote by 232 votes to 197. Trump became the first American president to be impeached twice in his term.
The latest unemployment data released by the Department of Labor shows that as of the week of January 9th, the United States had received nearly 970,000 initial unemployment benefits, which was significantly higher than expected and previous values, indicating that the epidemic is still causing pressure on the labor market.
According to data from Johns Hopkins University, since the outbreak of the epidemic, the cumulative number of confirmed cases of new coronary pneumonia in the world has exceeded 92.48 million, with a cumulative death of nearly 2 million, and the epidemic has continued to spread. Among them, the cumulative number of confirmed cases in the United States exceeds 23 million, and the cumulative number of deaths is 380,000. The severity of the epidemic ranks first in the world.
In individual stock news, a number of foreign media reported that the US government is considering cancelling Alibaba (BABA-US), Tencent and Baidu (BIDU-US) And other Chinese companies included in the investment blacklist plan, the news encouraged Alibaba and Baidu to open up more than 3%.
As of 22 o’clock on Thursday (14th) Taipei time:
- The Dow Jones Index rose 153.10 points, or 0.49%, to 31,213.57 points temporarily
- Nasdaq rose 51.53 points, or 0.39%, temporarily at 13,180.48 points
- The S&P 500 Index rose 8.76 points, or 0.23%, to 3,818.60 temporarily
- Fees and a half rose by 53.61 points, or 1.79%, temporarily reported at 3,055.56 points
- TSMC ADR rose 6.95% to 127.52 per share USD
- The 10-year U.S. Treasury yield rose to 1.093%
- New York light crude oil fell 0.60% to 52.59 per barrel USD
- Brent crude oil fell 1.03% to 55.48 per barrel USD
- Gold fell 0.54% to 1844.90 per ounce USD
- USDThe index rose 0.17% to 90.50 points
Focus stocks:
GameStop(GME-US) Rose 21.02% in early trading to 38 USD。
Foreign media reported recently that Ryan Cohen, co-founder of pet e-commerce company Chewy and major shareholder of GameStop, and two other former executives decided to join GameStop’s board of directors to promote the company’s transformation. The above reasons, coupled with the excellent performance in the peak sales season at the end of the year, have recently triggered buying Tsunami (a long buying tsunami).
Delta Airlines (DAL-US) Rose 2.20% to 41.34 in early trading USD。
Delta Air Lines announced on Thursday (14th) that its 2020 Q4 revenue will be 3.973 billionUSD, A year-on-year decrease of 65%, better than the 3.59 billion Refinitiv average expectedUSD, Although Q4 net loss fell from the previous quarter, it still reached 755 millionUSD, Adjusted loss per share is 2.53 USD, Higher than Refinitiv’s average expectation.Under the influence of the epidemic, the company has a net loss of nearly 12.4 billion in 2020USD, A record high.
Looking ahead, Delta Air Lines said that this year’s Q1 revenue is expected to decline by 60%-65% from the same period last year, which is far worse than analysts’ expectations of a 48% decline.
Tesla (TSLA-US) Fell 1.22% in early trading to 843.99 USD。
The National Highway Traffic Safety Administration (NHTSA) requested Tesla to recall Model S and Model X vehicles produced between 2012 and 2018 on the grounds of a touch screen failure. The number of recalls was about 158,000. Tesla confirmed to NHTSA that due to the limited capacity of memory devices, all MCU failures are inevitable.
Daily key economic data:
- The United States reported 965,000 unemployment benefits last week (1/9), with an expected 789,000. The previous value was lowered from 787,000 to 784,000.
- The United States continued to claim 5.271 million unemployment benefits last week (1/2), expected to be 5 million, and the previous value was 5.072 million
Wall Street analysis:
Luc Filip, head of investment at SYZ Private Banking, said that additional stimulus measures will benefit the stock market while enhancing economic growth expectations. The key lies in how to present the effect in the real economy and then to small businesses.
Esty Dwek, head of global market strategy at Natixis Investment Managers, said that he will pay close attention to any actions by the central bank in response to the recent rise in U.S. bond yields.
Adam Hoyes, assistant economist at Capital Economics, said that the U.S. inflation rate will be higher than most people expect in the next few years and believes that investors have overestimated the speed of the Fed’s tightening of monetary policy.
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