Investors are awaiting the upcoming minutes of the Federal Reserve’s November meeting. Best Buy and other corporate earnings delivered positive results, which further boosted market sentiment. US stock indexes all rose on Tuesday (22nd).
Prior to the release of the Federal Reserve’s October meeting minutes, US bond yields fell and tech stocks resumed their rally. After the Organization of the Petroleum Exporting Countries and the allied petroleum countries (OPEC+) insisted on their plan to cut production, international oil prices continued to rise and energy stocks regained the ground lost the previous day.
The S&P index rose more than 1.3% on Tuesday, regaining the 4,000 mark,Dow Jones IndexReceived nearly 400 points in the red,That fingerThe index rose more than 1.3%,tax halfThe index is up more than 3%.
In political and economic news, the seven major industrial countries (G7) are expected to announce a cap for Russian crude on Wednesday. Foreign media reported that the G7 and the European Union are discussing sanctions against the Russian invasion of Ukraine with an oil price cap of around $60 a barrel.
At the same time, the European Union has proposed adding a 45-day grace period for oil loaded before December 5 (the date the oil sanctions take effect) and oil unloaded before January 19, as well as easing the key shipping terms and easing restrictions on oil exports The strength of sanctions on Russian crude.
The global novel coronavirus pneumonia (COVID-19) epidemic continues to spread. Ahead of the deadline, data from Johns Hopkins University (Johns Hopkins University) showed that the number of confirmed cases worldwide has exceeded 638 million, and the number of deaths exceeded 6.62 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.
The performance of the four major US stock indexes on Tuesday (22):
Focus on the actions
The five kings of science and technology arise together. apple (AAPL-USA) increased by 1.47%; Alphabet (GOOGL-USA) increased by 1.52%; Microsoft (MSFT-USA) up 1.23%; Half (META-USA) increased by 1.44%; Amazon (AMZN-USA) increased by 0.80%.
Dow JonesComponent inventories have generally increased. sales force (CRM-USA) up 3.04%; Walgreens boots (WBA-USA) increased by 2.96%; Dow Chemical (DOW-US) increased by 2.79%; Chevron (CVX-USA) increased by 2.57%; disney (DIS-US) fell 1.4%.
tax halfComponent inventories have increased significantly. Nvidia (NVDA-USA) increased by 4.71%; Applied Materials (AMAT US) increased by 1.81%; Texas Instruments (TXN-USA) up 2.80%; microns (MU-US) increased by 2.55%; intel (INTC-US) increased by 3.04%; Qualcomm (QCOM-USA) increased by 2.87%; AMD (AMD-USA) increased by 3.85%.
Taiwan stock ADR rebounded and rallied. TSMC ADR (TSM-USA) increased by 3.27%; ASE ADR (ASX-USA) increased by 2.87%; UMC ADR (UMC-USA) increased by 2.59%; Chunghwa Telecom ADR (US CHT) is flat.
Company news
American electronics retail giant Best Buy (Best Buy) (BBY-US) rose 12.71% to $79.88 per share. Best Buy beat Wall Street expectations in its latest earnings report as demand for high-priced consumer electronics remains strong even as inflation remains high and the company left its forecast for the current quarter unchanged.
Half (META-USA) rose 1.44% to $111.44 per share. Meta CEO Mark Zuckerberg (Mark Zuckerberg) reported that he will step down as CEO of Meta next year, and then Meta spokesman Andy Stone denied the news, calling it fake news.
Dell Technologies (DELL-US) rose 6.69% to $43.85 per share. Dell posted better-than-expected earnings, and even as personal computer (PC) purchases plummeted, Dell’s servers and networking equipment continued to grow.
US pharmaceutical giant Novavax (NVAX-USA) rose 10.71% to $16.92 per share. Novavax has asked the Global Alliance for Vaccines and Immunization (Gavi) to terminate the new corona vaccine sales agreement immediately, but the latter has refused. Gavi said he had not violated the agreement to purchase Novavax’s new corona vaccine, and reserved all rights, including recovery of the advance from Novavax.
Alibaba ADRs (BABA-US) fell 1.22% to $75.99 a share. Chinese regulators are set to fine Alibaba affiliate Ant Group more than $1 billion, potentially bringing a two-year regulatory review to a close.
Wall Street analysis
This Thursday is the Thanksgiving holiday, so US stocks will be closed. According to Craig Johnson, a market engineer at Piper Sandler, the week of Thanksgiving in the US is often bullish for the stock market. 68% of Thanksgiving weeks since 1950, US stocks started falling on Monday and then recovered around Thanksgiving on Thursdays.
Investors expect the Fed’s November meeting minutes to show that interest rates still need to be raised enough to curb inflation. Evercore ISI analyst Krishna Guha said, “Fed officials want to exit the 3-yard series, although they find it difficult to do so while maintaining control over financial conditions.”
David Donabedian, chief investment officer at CIBC Personal Finance, said: “The communication strategy of Fed officials is obviously to decide that they would rather be too aggressive in their message, especially when the US stock market is soaring, it appears that they will do so.”
“Despite signs of cooling inflation, the Fed could lift its forecast for terminal interest rates as early as December,” said Sonia Meskin, head of US macro at BNY Mellon Investment Management.
The numbers are all updated before the deadline, please refer to the actual quotation
