The US mid-term elections are in full swing as US bond yields rise andcryptocurrencyThe leading US stock index opened lower on Wednesday (9th) after being sold. Energy stocks led the losses when the Russian defense minister ordered the withdrawal of Unan Kherson and US crude oil inventories rose more-than-expected last week, while Meta bucked the trend and plummeted after Disney fell.
Dow JonesWednesday closed almost 650 points,that fingerAnd the S&P fell more than 2%,half shareStrong drop of more than 3%.
Political and economic news, all 435 seats in the House of Representatives, 35 seats in the Senate and 36 seats as state governor in the mid-term elections in the United States, are currently being voted on. .
As of Wednesday afternoon ET, Republicans had 206 seats in the House, ahead of Democrats with 181. 48 Democrats and 48 Republicans in the Senate.
cryptocurrencyThe market continues to be weak,bitcoinFalling below $ 16,000, Binance announced its withdrawal from the FTX acquisition after less than a day of valuation of rival FTX.
The two-day summit of the Group of Twenty (G20) will be held in Bali, Indonesia on 15 November. Indonesian President Joko Widodo confirmed the presence of US President Joe Biden and Chinese leader Xi Jinping. Foreign media have cited sources saying Russian President Vladimir Putin will not attend the G20 next week and that Russia will send Foreign Minister Sergai Lavrov to attend.
The global epidemic of novel coronary pneumonia (COVID-19) continues to spread. Before the deadline, data from Johns Hopkins University in the United States showed that the number of confirmed cases worldwide exceeded 633 million and the number of deaths exceeded 6.6 million. More than 12.7 billion doses of the vaccine have been administered in 184 countries around the world.
The performance of the four major US equity indices on Wednesday (9):
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The five days of technology are strong only in Meta. apple (AAPL-USA) fell by 3.32%; Alphabet (GOOGL-US) fell by 1.78%; Microsoft (MSFT-USA) fell by 1.91%; Half (META-US) rose by 5.18%; Amazon (AMZN-USA) fell 4.27%.
Dow JonesThe constituents were led by Disney. Disney (DIS-USA) fell by 13.16%; Chevron (CVX-USA) fell by 4%; Dow Chemical (DOW-US) 3,97% ； Viewed (V-USA) fell by 3.68%; Merck (MRK-US) increased by 0.09%.
half shareThe constituent titles were essentially weak. NVIDIA (NVDA-USA) fell by 5.66%; Applied Materials (AMAT-USA) fell by 3.16%; Texas Instruments (TXN-USA) fell by 1.86%; Micron (MU-USA) increased by 2.64%; Intel (INTC-USA) fell by 3.37%; Qualcomm (QCOM-USA) fell by 1.87%; AMD (AMD-USA) fell by 6.16%.
More than half of Taiwan’s equity ADRs closed in negative. TSMC ADR (TSM-USA) fell by 0.03%; ASE ADR (ASX-USA) down by 1.61%; UMC ADR (UMC-USA) fell by 0.62%; Chunghwa Telecom ADR (CHT US) increased by 0.33%.
Company news
Disney (DIS-USA) plunged 13.16 percent to $ 86.75 per share. Disney’s fourth-quarter profits and revenue from key divisions unexpectedly fell short of expectations, with its theme parks and streaming operations mired, and the company warned that strong streaming growth on its Disney + platform could fade in the future. .
Parent company of Facebook Meta (META-US) received a 5.18% dividend at $ 101.47 per share. Amid rising costs and a weakening advertising market, Meta announced it would lay off more than 11,000 employees, or 13% of its workforce.
Meta CEO Mark Zuckerberg said the decision to cut jobs “is the most difficult change Meta has ever made.”
Intel (INTC-USA) fell 3.37 percent to $ 27.52 per share. AMD (AMD-USA) and Nvidia (NVDA-USA) fell by more than 5%. Intel, which is in the field of X86 architecture, has launched a new generation of Xeon processors, a new data center GPU (graphics processing unit), to challenge AMD and Nvidia.
The largest theater chain in the world AMC Entertainment (AMC-USA) plunged 7.65% to $ 5.19 per share. Although AMC reported good financial results last quarter, it spent a lot of money on operating costs.
Economic data
The final monthly growth rate of US wholesale inventories in September was 0.6%, expected at 0.8% and the previous value of 1.4%
US inventory wholesale sales in September posted a monthly growth rate of 0.4%, expected to be 0.4% and previous value of 0.1%
Wall Street Analysis
Dennis DeBusschere, analyst at 22V Research, said: “The election outcome is still uncertain, but the red wave that the market was expecting has not emerged, which will increase the volatility of the stock market.”
Stifel’s chief political strategist in Washington, Brian Gardner, said an administration bottleneck due to mid-term elections could affect how the Fed responds to inflation in a recession.
The market is concerned that the October Consumer Price Index (CPI) report will be released on Thursday. Johan Grahn, head of ETF strategy at Allianz Investment Management, stressed: “The Fed’s number one enemy is inflation. The data is rising, I believe the market will respond to that. React negatively.”
The data is updated before the deadline, please refer to the actual quotation.
