On Monday (7), investors turned their attention to the US mid-term elections and upcoming October Consumer Price Index (CPI) data.goldDown, tech stocks rebounded, Meta skyrocketed, Tesla crashed, Apple went red in late trading, the four major indices rose together,Dow JonesReceiving more than 420 points in red,half shareThe index rose more than 2%.
In terms of politics and economics, the mid-term elections in the United States will take place on Tuesday (8th) and polls show that Republicans have a chance to win seats in the House of Representatives, which should be a potential catalyst for the title and the rising bond markets.
China may plan to ease outbreak prevention and control, causing ADR for Chinese concept stocks to continue rising on Monday. Goldman Sachs group strategists predict full reopening of China will push Chinese concept stocks higher by 20 % and the time point could decrease the second quarter of next year.
The European Union has expressed serious concern about the US Inflation Reduction Act, which it claims violates the rules of international trade.
The new coronal pneumonia epidemic (COVID-19) continues to spread around the world. Before the deadline, data from Johns Hopkins University in the United States showed that the number of confirmed cases worldwide has exceeded 632 million and the number of deaths has exceeded 6.6 million. More than 12.7 billion doses of the vaccine have been administered in 184 countries around the world.
The performance of the four major US equity indices on Monday (7):
Focus your actions
The five kings of science and technology are almost all resurrected. apple (AAPL-USA) increased by 0.39%; Alphabet (GOOGL-US) increased by 2.21%; Microsoft (MSFT-USA) increased by 2.93%; Half (META-US) rose by 6.53%; Amazon (AMZN-USA) fell by 0.49%.
Dow JonesMore than half of the voters closed in the red. Walgreens United Boots (WBA-USA) increased by 4.1%; Salesforce (CRM-USA) increased by 3.45%; Boeing (BA-US) increased by 3.06%; Amgen (AMGN-USA) increased by 2.97%; Nike (UNITED STATES) fell by 2.45%.
half shareConstituent actions were generally higher. NVIDIA (NVDA-USA) increased by 1.02%; Applied materials (AMAT-USA) increased by 3.64%; Texas Instruments (TXN-USA) increased by 1.87%; Micron (MU-USA) increased by 0.71%; Intel (INTC-USA) increased by 0.74%; Qualcomm (QCOM-USA) increased by 3.19%; AMD (AMD-USA) increased by 1.43 percent.
Chunghwa Telecom was Taiwan’s weakest ADR. TSMC ADR (TSM-USA) rose by 0.45%; ASE ADR (ASX-USA) rose by 2.39%; UMC ADR (UMC-USA) rose by 2.08%; Chunghwa Telecom ADR (CHT US) fell by 0.54%.
Company news
apple (AAPL-USA) held a weak trend for a period of time after Monday’s low open, and rose 0.39% to $ 138.92 per share in late trading. Apple said on Monday in a statement that it expects iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than expected due to coronavirus restrictions. It is reported that this year’s iPhone 14 mobile phone production will be at least 3 million less than initially expected.
Tesla (TSLA-USA) reached a 52-week low in intraday trading on Monday, closing down 5.01% at $ 197.08 per share, dipping below the $ 200 threshold for the first time in 17 months, and Tesla fell since Musk took to Twitter on October 27th. 12%.
Meta rumors that mass layoffs will begin this week, Meta (META-US) was up 6.53% to $ 96.72 per share on Monday and Meta has plummeted more than 70% so far this year.
Buffett’s “Stock God” Berkshire Hathaway (BRK.B-US) closed 0.97% in shock on Monday at $ 290.19 per share. Berkshire lost $ 2.69 billion in the third quarter as losses in its insurance underwriting business and stock market volatility wiped out the profits from its manufacturing, services and retail businesses.
According to the market, the former US President Trump will announce that in the near future he will be part of the US presidential election of 2024. The concept stock of Trump Digital World Acquisition Corp (DWAC-USA) was up 66.48% to $ 29.10 per share.
Walgreens United Boots, the largest U.S. pharmacy chain (WBA-USA) rose 4.10 percent to $ 38.59 per share. VillageMD, a unit of Walgreens and Boots, is close to acquiring Summit Health for nearly $ 9 billion.
Economic data
- The US Economic Review’s Employment Trends Index reported 119.57 in October, up from 120.73 previously
Wall Street Analysis
Art Hogan, chief market strategist at B. Riley Financial, said: “After the midterm elections in the United States, there is often a stalemate in Congress and the market is moving towards this expectation, expecting that policy measures will not they will change a lot, which is really good news for the stock market, an environment where no news is good news.
RBC Capital Markets estimates: “If Republicans only control the House of Representatives, this is a modest bull for the stock market, and if Republicans take full control of both the Senate and the House of Congress, this will be a positive for the market. equities. It’s a bigger upside. “
The data is updated before the deadline, please refer to the actual quotation.
