U.S. stocks opened on Monday (11th), and the four major indexes fell from their highs. The Dow Jones Industrial Average fell more than a hundred points or 0.6%, the S&P 500 fell 0.8%, the Nasdaq fell 1.5%, and fees fell halfway. 0.2%. After blocking Trump’s account for inciting the risk of violence, Twitter (TWTR-US) Fell more than 10% in early trading.
Since the beginning of 2021, the performance of U.S. stocks has remained stable. Even the violent clashes in the Capitol last week did not seem to be able to shake investor sentiments. The possibility of additional fiscal stimulus after the Democratic Party came to power is still pushing U.S. stocks to record highs. The S&P 500 index climbed to a historical high for 4 consecutive days last week, with a weekly increase of 1.8%. The Dow Jones Industrial Average and the Nasdaq Composite Index rose 1.6% and 2.4% respectively last week, both writing historical records.
However, in the face of political turmoil and the rebound of the epidemic, market sentiment is weakening. House Speaker Nancy Pelosi said that if Vice President Mike Pence and the current government cabinet refuse to invoke the 25th Amendment to the Constitution to remove Trump from office, Trump’s impeachment process will be initiated this week.
On the news of the epidemic, the Japanese government confirmed that a new variant virus different from that of the United Kingdom and South Africa was found in travelers from Brazil to Japan. It is still unclear about the infectivity of the new variant virus, the severity of symptoms, and the effectiveness of the vaccine.
As of Monday (11th) 22:00 Taipei time:
- The Dow Jones Index fell by 178.72 points or -0.57%, temporarily reporting 30919.25 points
- Nasdaq fell by 196.27 points or-1.49%, temporarily reporting 1,300.70 points
- The S&P 500 Index fell 29.61 points or -0.77%, temporarily at 3795.07 points
- Fees and a half dropped by 7.19 points or -0.24%, temporarily reported at 2929.28 points
- TSMC ADR rose by 1.95% to 121.00 per share USD
- The 10-year U.S. Treasury yield rose to 1.119%
- New York Light Crude Oil fell 1.17% to 51.63 per barrel USD
- Brent crude oil fell 1.54% to 55.13 per barrel USD
- Gold fell 0.31% to 1829.80 per ounce USD
- USDThe index rose by 0.56% to 90.57 points
Focus stocks:
Twitter (TWTR-US) Fell 11.52% in early trading to 45.55 USD。
After Trump supporters broke into the U.S. Capitol last week, Twitter subsequently announced the permanent suspension of Trump’s account on the grounds of inciting the risk of violence. The Trump Twitter account originally had more than 88 million followers.
Gilead (GILD-US) Rose 1.09% in early trading to 63.73 USD。
Due to the surge in new crown cases that boosted the demand for treatment of its drug remdesivir, Gilead raised its 2020 full-year revenue and sales forecasts on Monday, with earnings per share (EPS) expected from the previous 6.25 USDTo 6.60 USD, Raised to 6.98 USDTo 7.08 USD, Analysts expect 6.60 per share USD. The company will announce its fourth quarter 2020 financial report on February 9.
NIO (NIO-US) Rose 10.29% to 64.98 USD。
On the weekend of the annual NIO Day, NIO announced the latest flagship car model ET7, which will be equipped with NAD (NIO Autonomous Driving) for the first time. The delivery time is expected to be the first quarter of 2022. The price before subsidy isRMB 448,000 yuan, the starting price of the subsidy isRMB 388,000 yuan.
Daily key economic data:
no
Wall Street analysis:
John Stoltzfus, chief investment strategist at Oppenheimer & Co., said: “These basic market conditions, even long-term bulls like us, want to know whether the stock market is climbing to the so-called “wall of worry” too quickly, and whether there are still many potentials ahead. obstacle. “
Matt Maley, chief market strategist at Miller Tabak, said: “After a few months of bullishness, we will definitely be cautious about the current stock market level.” The company believes that the rebound from the low in March last year has passed and the stock market is likely The first quarter of this year faces a wave of corrections.
–
