On Thursday (24th), Britain and the European Union have reached a historic Brexit trade agreement. Trading was light on Christmas Eve.USDWeakened,GBPStronger, the yield of Treasury bonds did not change much, the four major indexes collectively closed in red, science and technology performed best, and Alibaba’s ADR had the largest decline.
US President Trump plans to veto the 900 billion that Congress has just passedUSDStimulus bill, opposed to directly issuing 600 USDCash, and oppose the 35 billion in the billUSDClean energy research and development funds. The Speaker of the U.S. House of Representatives Pelosi agreed with President Trump’s proposal to give out 2000 per person USDCash, criticized the Republican Party for its insensitive behavior.
The global new crown pneumonia (COVID-19) epidemic continues to have fever. According to the real-time statistics of Johns Hopkins University in the United States before the deadline, the number of confirmed cases worldwide has soared to 78.93 million cases, and the number of deaths has exceeded 1.73 million. More than 18.49 million cases were diagnosed, and the cumulative number of deaths exceeded 326,000.
Thursday (24th) the performance of the four major US stock indexes:
- The Dow Jones Index rose 70.04 points, or 0.23%, to close at 30,199.87 points.
- The S&P 500 index rose 14.22 points, or 0.39%, to close at 3,704.23 points.
- The Nasdaq Index rose 33.62 points, or 0.26%, to close at 12,804.73 points.
- The Philadelphia Semiconductor Index rose 26.71 points, or 0.98%, to close at 2,750.24 points.
Focus stocks
The five kings of science and technology were mixed. Apple (AAPL-US) Rose 0.77%; Facebook (FB-US) Fell 0.26%; Alphabet (GOOGL-US) Rose 0.34%; Amazon (AMZN-US) Fell 0.39%; Microsoft (MSFT-US) Rose 0.78%.
Dow Jones constituent stocks closed higher. Visa (V-US) Rose 1.66%; Boeing (BA-US) Fell 1.16%; Procter & Gamble (PG-US) Rose 1.01%; salesforce (CRM-US) Fell 0.73%; United Health (UNH-US) Rose 0.95%.
Only NVIDIA and Xilinx closed the half-component stocks. Qualcomm (QCOM-US) Rose 1.19%; AMD (AMD-US) Rose 0.29%; Intel (INTC-US) Rose 1.07%; NVIDIA (NVDA-US) Fell 0.08%; Micron (MU-US) Rose 0.93%.
ADR of Taiwan stocks rose across the board. TSMC ADR (TSM-US) Rose 2.13%; ASE ADR (ASX-US) Rose 4.36%; UMC ADR (UMC-US) Rose 1.10%; Chunghwa Telecom ADR (CHT-US) Rose 0.05%.
Stock news
After the Chinese regulator announced on Thursday (24th) that it launched an antitrust investigation on Alibaba, Alibaba’s ADR closed down 13.34% to 222 per share on Thursday. USD, Entered a bear market, the lowest closing price since July 1.
Wall Street Analysis
Adam Crisafulli, founder of Vital Knowledge, said that the market doesn’t care much about Trump’s criticism of the stimulus bill because veto is unlikely. Even if Trump successfully vetoed the measure, Biden will take office in just 27 days. , And then you can sign the bill.
Sam Stovall, chief investment strategist at CFRA Research, said that at least until the end of the year, the market is in self-driving mode, and there are positive signs of rising Christmas prices.
Sam Stovall said that if the market goes higher in the first five days of January next year, historical data shows that the S&P 500 index rose by 82% for the whole year, with an average increase of 12.5%. Michael Arone, chief investment strategist at State Street Global Advisors, said that I don’t strongly believe that the first few days of January will set the direction for the rest of the year.
Ju Heng’s warm reminder: On Christmas Day, December 25, the US stock market will be closed for one day.
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