The optimistic expectation that the US bailout case will boost the economy has driven the three major indexes to reach new highs. The Dow Jones Industrial Average rose more than a hundred points or 0.5% on Monday (8th), the Nasdaq Index rose 0.5%, and the S&P 500 Index Increased by 0.4%, fee increased by more than 1%.
The U.S. Senate passed a budget resolution last Friday (5th), allowing Democrats to promote Biden’s 1.9 trillion without Republican support.USDRescue case. The Speaker of the House of Representatives, Pelosi, predicts that legislation may eventually be passed in mid-March.
US Treasury Secretary Ye London urged Congress to pass stimulus measures as soon as possible, and said that once Biden’s bailout is passed, the United States is expected to return to full employment in 2022.
The news pushed the 30-year U.S. Treasury bond yield to break through 2%, setting a new high in the past year, and the implied growth rate of inflation in the bond market was the fastest since 2014.
Commodity prices also showed optimistic expectations for economic recovery. Brent crude oil rose to its highest in a year, and copper prices climbed for two consecutive days.
Individual stock news, Tesla (TSLA-US) The opening rose more than 2%.The company said earlier that in order to diversify investment and maximize cash returns, it has bought 1.5 billionUSDBitcoin, Expected to accept soonBitcoinAs a payment method.
Motivated by the above news,BitcoinOnce stood at 44,000USDHigh, an increase of more than 14%, continuing to brush a record high.
As of Monday (8th) 22:00, Taipei time:
- The Dow Jones Index rose by 167.21 points or 0.54%, temporarily reporting 31,315.45 points
- Nasdaq rose 61.71 points, or 0.45%, to 1,3918.00 points temporarily
- The S&P 500 Index rose 16.24 points, or 0.42%, to 3,903.07 points temporarily
- Fees and a half rose by 32.72 points or 1.10%, temporarily reporting 3017.73 points
- TSMC’s ADR rose 1.41% to 129.58 per share USD
- The 10-year U.S. Treasury yield rose to 1.181%
- New York light crude oil rose 1.14% to 57.50 per barrel USD
- Brent crude oil rose 1.20% to 60.05 per barrel USD
- Gold rose 1.19% to 1,834.50 per ounce USD
- USDThe index rose 0.03% to 91.055 points
Focus stocks:
Tesla (TSLA-US) Rose 2.2% in early trading to 871.00 USD。
Tesla announced that it has purchased 1.5 billionUSDofBitcoin, While maximizing cash returns, diversify investment risks, and expect to accept consumers’BitcoinAs a payment method, purchase the company’s products.
On the other hand, China’s five market regulators interviewed Tesla on Monday about the safety of electric vehicles, requiring the company to strictly abide by local regulations, implement corporate quality and strengthen internal management.
Palantir(PLTR-US) Rose 10.16% in early trading to 37.51 USD。
Palantir and IBM (IBM-US) Announced the establishment of a partnership. In addition to helping expand IBM’s cloud and AI business and making it easier for IBM’s non-technical customers to use AI software, this cooperation will also help expand Palantir’s sales team.
Apple (AAPL-US) Fell 0.9% in early trading to 135.93 USD。
South Korea’s Hyundai Motor and Kia (Kia) said on Monday that they have not negotiated with Apple on the development of self-driving cars, which has raised doubts about cooperation.
Daily key economic data:
no
Wall Street analysis:
Michael Wilson, chief U.S. equity strategist at Morgan Stanley, said on Sunday: “We are currently in the early stages of economic recovery. We are still in a bull market and the momentum of recovery is still increasing.” He also said that with the vaccination operation Continue to advance and bring business activities back to normal. Therefore, Morgan Stanley recommends stocks that benefit from improved economic activity.
Daniel Morris, chief market strategist at BNP Paribas Asset Management, believes that the recent strong financial reports of some large companies, coupled with the expectation of more stimulus measures, have a great impact on the market.
JC O’Hara, market technology analyst at MKM Partners, believes that the stock market will continue to rise and the S&P 500 index is expected to approach the 4,000-point level. He believes that a sharp rise in the stock market should continue to attract funds, but in the long run, some more patient funds will remain on the sidelines until there is a correction.
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