After Wall Street assessed the impact of the higher-than-expected January inflation data on the path of interest rate hikes, the main U.S. stock index closed mixed on Tuesday (14th), and U.S. bond yields climbed, led by Tesla and NVIDIA.That fingerGaining more than 0.5%, the S&P was almost flat,fee halfrose more than 2%.Dow JonesThen it will close more than 150 points black.
In terms of data, the annual growth rate of US consumer prices (CPI) in January was 6.4%, higher than the expected 6.2%, which was the seventh consecutive decline since the data hit a 40-year high last year. The core CPI annual growth rate reached 5.6% in January, slightly higher than the expected 5.5%, but the lowest since December 2021. On the whole, due to the rebound in energy prices and high rents, the cooling of inflation has slowed down significantly.
Following the release of the CPI data, the CME’s FedWatch tool showed that the market is now pricing in rates between 5% and 5.25% by July.
On the political and economic front, Dallas Fed President Lorie Logan said on Tuesday that the Fed needs to be prepared to continue raising interest rates if economic data permits. Richmond Fed President Thomas Barkin said rate hikes could be delayed if inflation continues to run well above the Fed’s target.
However, contrary to the hawkish remarks of most officials, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, believes that the end of this cycle of rate hikes may be nearing, he said: “We are not done yet, but we may be close. “
In addition, U.S. President Joe Biden on Tuesday appointed Federal Reserve Vice Chairman Branard as chief economic adviser and chairman of the White House Economic Council, replacing Diess, who has announced his resignation.
Biden also announced on Tuesday that Air India would buy more than 200 Boeing planes worth $34 billion, Boeing’s third-largest order ever in dollar terms, reflecting the strength of the US-India economic partnership.
The global new crown pneumonia (COVID-19) epidemic continues to spread. Before the deadline, the Johns Hopkins University (Johns Hopkins University) data pointed out that the number of confirmed cases worldwide has exceeded 673 million, and the number of deaths has exceeded 6.85 million.
The performance of the four major US stock indexes on Tuesday (14th):
- US stocksDow JonesThe index fell 156.66 points, or 0.46%, to close at 34,089.27 points.
- NasdaqThe index rose 68.36 points, or 0.57 percent, to close at 11,960.15.
- S&P 500 IndexIt fell 1.16 points, or 0.03%, to close at 4,136.13.
- Philadelphia SemiconductorThe index rose 64.32 points, or 2.10 percent, to close at 3,121.63.
Focus stocks
Among the five kings of technology, only Apple is weak. apple (AAPL-US) fell 0.42%; Alphabet (GOOGL-US) up 0.074%; Microsoft (MSFT-US) rose 0.31%; Meta (META-US) up 0.028%; Amazon (AMZN-US) rose 0.16%.
Dow JonesComponent stocks were mixed. traveller (TRV-US) down 1.85%; Coca-Cola (KO-US) down 1.67%; Home Depot (HD-US) fell 1.58%; Kintor Heavy Industry (CAT-US) down 1.53%; Boeing (BA-US) rose 1.3%.
fee halfComponent stocks generally closed higher. AMD (AMD-US) up 3.39%; NVIDIA (NVDA-US) surged 5.43%; Applied Materials (AMAT-US) rose 1.64%; Texas Instruments (TXN-US) down 0.21%; Intel (INTC-US) rose 0.32%; Qualcomm (QCOM-US) rose 1.15%; Micron (MU-US) rose 3.24%.
Taiwan stocks ADR only Chunghwa Telecom received black. TSMC ADR (TSM-US) rose 1.92%; ASE ADR (ASX-US) rose 0.95%; UMC ADR (UMC-US) rose 1.56%; Chunghwa Telecom ADR (CHT US) fell 0.37%.
Corporate News
Electric vehicle leader Tesla (TSLA-US) soared 7.51% to $209.25 per share on Tuesday. Tesla announced on Tuesday that it would raise the price of its Model Y performance crossover by $1,000 to $58,990, while lowering the price of its affordable sedan, the Model 3, by $500 to $42,990. 4 degrees price change.
NVIDIA (NVDA-US) surged 5.43% to $229.71 per share. Bank of America believes that NVIDIA has the ability to lead the artificial intelligence arms race, raised its target stock price from $215 to $255 per share, and reiterated its “buy” rating.
Short-term rental giant Airbnb (ABNB-US) received a dividend of 3.82% to US$120.87 per share, and its stock price soared more than 9% after hours. Airbnb announced after the closing bell on Tuesday that its revenue for the fourth quarter was US$1.90 billion, and it expects its revenue for the first quarter of this year to be US$1.75 billion to US$1.82 billion, both of which were better than analysts’ expectations.
U.S. data analysis group Palantir Technologies Inc (PLTR-US) soared 21.16% to $9.22 per share. Palantir announced after the close on Monday that the fourth quarter of 2022 will be the company’s first quarterly profit in history, with a net profit of $31 million and an adjusted net profit of 4 cents per share, slightly better than market expectations.
Economic data
- The U.S. CPI annual growth rate in January was 6.4%, expected 6.2%, and the previous value was 6.5%
- U.S. January CPI monthly growth rate reported 0.5%, expected 0.5%, previous value 0.1%
- The core CPI annual growth rate in the United States in January was 5.6%, expected 5.5%, and the previous value was 5.7%
- U.S. January core CPI monthly growth rate reported 0.4%, expected 0.4%, previous value 0.4%
- U.S. real personal income rose 0.7% in January, up from 0.1% previously
Wall Street Analysis
Steve Sosnick, chief strategist at Interactive Brokers, commented: “Stocks’ gains may be due to Harker. On the tightening side, near completion is vague, but certainly not a hawkish tone.”
Mike Loewengart, head of portfolio construction for Morgan Stanley’s global investment model, said: “While there were no major surprises in the latest CPI data, it is a reminder that while inflation has peaked, it may be a while before we see it moderate to normal.” level.”
“The question remains whether inflation will be able to fall to the Fed’s target amid what appears to be a tight labor market, which could be key to a soft landing, but when will the Fed pause rate hikes, and Whether the labor market will lose its elasticity remains to be seen.”
Marko Kolanovic, a strategist at JPMorgan, said: “The stock market is still close to last summer’s highs and valuations are above average. In view of this, we believe that the market is overpriced for good news about inflation and blindly optimistic about risks. It is recommended to invest People can moderately reduce their positions this year, because the economic recession has not yet been reflected in the stock market.”
The numbers are all updated before the deadline, please refer to the actual quotation
