On the last trading day of 2020, US stocks were lightly traded on Thursday (31st), Tesla broke a new record, and the Dow Jones and S&P indices continued to record highs on the closing date.
Wall Street bid farewell to the most turbulent year detonated by the new crown epidemic on Thursday. At the beginning of 2020, the new crown pneumonia spread from China, countries are locked in lockdowns and cities, economic activities have come to a standstill, and US stocks have fallen sharply since February and March. Degree fusing.
With the Fed’s announcement of a near-zero interest rate cut, unlimited quantitative easing (QE), the U.S. government’s stimulus bill, and the release of universal relief funds to boost the economy, the main index of U.S. stocks rebounded from the lows in March, and the new crown vaccine They came out at the end of the year, driving the U.S. stock market to record highs.
The Nasdaq Index rose 43.6% in 2020, its best annual performance since 2009. The S&P annual growth rate reached 16.3% and the Dow Jones rose 7.3%.
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, the number of confirmed cases worldwide has soared to 83.14 million cases, and the number of deaths exceeded 1.81 million. More than 19.89 million cases were diagnosed, and the cumulative number of deaths exceeded 344,000.
The number of hospitalizations in the United States exceeded 125,000 for the first time. Colorado announced on Tuesday that it had found the first confirmed case of a mutant virus in the United States. California also found a confirmed case of a British mutant virus on Wednesday.
US Centers for Disease Control and Prevention (CDC) scientist Henry Walke said that due to the faster spread of the new coronavirus variant strain, it may cause more infections and put more pressure on the already heavy medical system.
Thursday (31st) the performance of the four major US stock indexes：
- The Dow Jones Index rose 196.92 points, or 0.65%, to close at 30,606.48 points.
- The S&P 500 index rose 9.68 points, or 0.26%, to close at 3,741.72 points.
- The Nasdaq Index rose 18.28 points, or 0.14%, to close at 12,888.28 points.
- The Philadelphia Semiconductor Index rose 11.73 points, or 0.42%, to close at 2,795.50 points.
Two of the 11 major S&P sectors closed in black, including energy and consumer discretionary sectors. The utilities, finance, and real estate sectors led the gains.
Focus stocks
The five kings of science and technology were mixed. Apple (AAPL-US) Fell 0.77%; Facebook (FB-US) Rose 0.47%; Alphabet (GOOGL-US) Rose 0.94%; Amazon (AMZN-US) Fell 0.88%; Microsoft (MSFT-US) Rose 0.33%.
Dow Jones constituent stocks closed higher. Intel (INTC-US) Rose 2.19%; United Health (UNH-US) Rose 1.65%; Goldman Sachs (GS-US) Rose 1.64%; Merck (MRK-US) Rose 1.50%; McDonald’s (MCD-US) Rose 1.43%.
Fei’s semi-component stocks were mixed. Qualcomm (QCOM-US) Rose 1.59%; AMD (AMD-US) Fell 0.63%; NVIDIA (NVDA-US) Fell 0.69%; Micron (MU-US) Rose 4.53%; Applied Materials (AMAT-US) Fell 0.78%.
Only TSMC is the only leader in Taiwanese ADR. TSMC ADR (TSM-US) Rose 0.13% to 109.04 per share USD, Continue to brush historical highs. UMC ADR (UMC-US) Fell 2.60%; ASE ADR (ASX-US) Fell 0.85%; Chunghwa Telecom ADR (CHT-US) Fell 0.57%.
Stock news
South Korean media “MoneyToday” quoted sources as reporting that Samsung Electronics and SK Hynix will not increase DRAM capital expenditures in 2021. Rival Micron (MU-US) On Thursday, up 4.53%, Witten Electronics (WDC-US) Soared 11.83%, semiconductor equipment factory Colin R&D (LRCX-US) Fell 2.51%.
Apple (AAPL-US) Fell 0.77% to 132.69 per share USD. According to Daniel Ives, chief analyst at investment bank Wedbush, according to the Asian Supply Chain Survey, Apple’s iPhone 12 sales have exceeded the bank’s 2021 forecast for a “bull market scenario” and will boost its stock price for the upcoming earnings season.
Tesla (TSLA-US) Rose more than 1.57% to 705.67 per share on Thursday USD, A record high, with an annual increase of more than 750%, and a market value of 668.9 billionUSD。
S&P Dow Jones Indices announced that California solar component manufacturer Enphase Energy (ENPH-US) Will replace Tiffany (TIF-US), becoming a constituent company of the S&P 500 Index. Enphase Energy rose 1.47%.
Economic data
- The United States last week (12/26) reported 787 thousand initial unemployment benefits, which is expected to be 833,000. The previous value was raised from 803,000 to 806,000.
- The United States last week (12/19) continued to claim unemployment benefits for 10,000 people, expected to be 5.39 million, and the previous value was lowered from 5.337 million to 5.322 million
Wall Street Analysis
Looking back over the entire year, Mike Zigmont, head of research and trading at Harvest Volatility Management, believes that in broad terms, despite the crazy performance of US stocks, 2020 is still a bull market.
Mike Zigmont mentioned that investors have decided that the world has changed forever. The new crown virus is the catalyst. Now, investors have decided who is the winner and who is the loser, and they are moving forward. This is very exciting.
Scott Wren, senior global market strategist at Wells Fargo Investment Research Institute, called 2020 a year of opportunity.
Wren believes: “In 2020, stock investors have experienced the last stage of the longest bull market in history, the shortest bear market on record, and the huge rebound of the new bull market. Although we don’t think that 2021 will surge like 2020, we I do hope that the stock market will continue to rise.”
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