Although a number of Fed officials continued to make hawkish remarks, as US bond yields fell, the major US stock index fluctuated and rose after Wednesday’s opening bell (7th). early trading and the four major indices collectively finished in the red.Dow JonesXi was up over 400 points and the S&P was up 1.83%, staying above the 3900 point mark.half shareincreased by more than 1.5%,that fingerIt increased by more than 2%, ending a seven-game losing streak.
In terms of politics and economics, the Federal Reserve’s latest “Beige Book” report shows that since early July economic activity has generally remained in balance and price levels have remained high. Most jurisdictions reported stable consumer spending and auto sales remained sluggish. All jurisdictions Home sales have declined and mortgage demand has eased. The prospects for future economic growth generally remain weak.
A number of Fed officials remain aggressive. Among them, Lael Brainard, the Fed’s “second-in-command” and vice president of monetary policy, said that inflation hurts low-income Americans the most and the Fed must raise interest rates to a restrictive level and hold it down. over a period of time to convince people that inflation is falling towards the target level.
On the geopolitical front, US and Chinese heads of state are expected to meet outside the G20 summit, with Russian media saying Chinese leader Xi Jinping and Russian President Vladimir Putin are expected to meet in Uzbekistan next week, as did Xi Jinping since the outbreak of the new corona epidemic After the first overseas visit.
The new coronal pneumonia epidemic (COVID-19) continues to spread around the world. Before the deadline, data from Johns Hopkins University in the United States showed that the number of confirmed cases worldwide has exceeded 606 million and the number of deaths has exceeded 6.5 million. More than 12.6 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 (7th):
Focus the actions
The five kings of science and technology are collectively attacking at the top. apple (AAPL-USA) increased by 0.93%; Half (META-US) increased by 1.17%; Alphabet (GOOGL-US) increased by 2.47%; Amazon (AMZN-USA) increased by 2.67%; Microsoft (MSFT-USA) increased by 1.91%.
Dow JonesConstituent shares have increased widely. Nike (UNITED STATES) increased by 3.17%; 3M (MMM-USA) increased by 3.39%; Home Depot (HD-USA) increased by 2.74%; Walmart (WMT-USA) increased by 2.57%; Chevron (CVX-USA) fell by 1.28%.
half shareAll constituent stocks have recovered. Intel (INTC-USA) increased by 0.96%; Micron (MU-USA) fell by 0.42%; NVIDIA (NVDA-USA) increased by 1.88%; AMD (AMD-USA) increased by 1.13%; Applied materials (AMAT-USA) increased by 1.83%; Qualcomm (QCOM-USA) increased by 1.52%; Texas Instruments (TXN-USA) increased by 1.67%.
The ADRs of Taiwanese shares fluctuated among themselves. TSMC ADR (TSM-USA) fell by 0.10%; ASE ADR (ASX-USA) rose by 0.73%; UMC ADR (UMC-USA) increased by 1.26%; Chunghwa Telecom ADR (CHT US) fell 0.99%.
Company news
Apple unveiled the iPhone 14 series, AirPods Pro2, Apple Watch Pro, Apple Watch 8, and the new Apple Watch SE at its fall launch event. Analysts believe that despite inflation and supply chain challenges, the biggest surprise for Apple’s iPhone 14 is the lack of price hikes in the dollar region. However, affected by the exchange rate, all new models in Taiwan went up by 2,000 yuan, with a minimum price of 27,900 yuan.
apple (AAPL-USA) recovered early losses on Wednesday and closed up 0.93% at $ 155.96 per share. Apple concept stocks are also common, Skyworks (SWKS-USA) closed 1.69% higher, Qorvo (QRVO-USA) increased by 1.42%.
Apple also announced a partnership with Globalstar, a US satellite communications company, to provide iPhone 14 users with satellite SOS emergency contact functions. Apple will pay 95% of capital expenditures to build new satellites, but Globalstar has yet to issue debt to secure financing for the construction and deployment of satellites, the company will partner with investment bank Goldman Sachs and plans to complete the financing in the fourth quarter of 2022.
Globalstar (GSAT-USA) shares rose as much as 40% on Wednesday and closed 1.44% lower at $ 2.06 per share.
Starbucks (SBUX-USA) received a 4.48% dividend at $ 88.31 per share. Several investment banks have praised Starbucks’ appointment of Laxman Narasimhan as the new CEO. Cowen analysts believe Narasimhan served as CEO of Reckitt Benckiser, a rapidly evolving consumer goods multinational, and will bring good service to Starbucks with his rich experience. .
Twitter (TWTR-USA) was up 6.38% to $ 41.20 per share. A US court on Wednesday rejected a request from the richest man in the world, Elon Musk, to delay the Twitter takeover process, but approved the addition of a Twitter whistleblower to his counterclaim.
Economic data
- U.S. trade balance reported in July – $ 70.7 billion, projected – $ 70.3 billion, former value – $ 80.9 billion
Wall Street Analysis
Edward Moya, senior market analyst at Oanda, said: “As the global bond sell-off stops, the stock market is rebounding. Economic momentum in the US economy remains, and this will only improve if inflation continues to rise. slow down. Investors look ready for Hold mode ahead of the Sept. 13 CPI report. “
Goldman Sachs said in a report: “A weak economy should favor value stocks which continue to outperform growth stocks, which have historically proven to outperform at the onset of recessions.”
The data is updated before the deadline, please refer to the actual quotation.
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