Fed “Eagle Haze” has enveloped the four major indices | Anue Juheng – US equities

The Federal Reserve (Fed) hiked interest rates sharply, the hawkish attitude was higher than expected, recession fears deepened, the market was clouded and the dollar remained close to all-time highs,10-year US Treasury yieldAt around 3.7%, the leading US equity index opened lower on Thursday (22nd) and fell to a low during the session on consumer discretionary and tech stocks.Dow JonesThe S&P index was sharply pushed to a one-day high in late trading, but fell rapidly over the past 10 minutes and all four major indices closed in negative.

Dow JonesIt closed more than 100 points, barely holding the 30,000 point mark, and the S&P closed down 0.84%.that fingerdown by more than 1%,half shareit fell by almost 3%.

In terms of data, the adjusted number of Americans who received unemployment benefits last week reported 213,000, a lower than market expectation of 218,000, highlighting that the US labor market remains healthy for job demand.

In terms of politics and economics, “Super Central Bank Week” on Thursday kicked off a frenzy of interest rate hikes. After the Federal Reserve’s 3-yard hike, the Swiss National Bank also raised its benchmark interest rate by 3 yards, leaving the negative interest rate policy again after 7 years.

Central banks of Norway, UK and Indonesia announced to raise interest rates by 2 yards, South Africa followed in the Federal Reserve’s footsteps to raise interest rates by 3 yards, Vietnam raised interest rates by 4 yards, Taiwan’s central bank raised interest rates by half and Brazilian central bank didn’t move, but Turkey reversed the trend and dropped 4 yards after the eighth Two consecutive rate cuts later month.

Fed Chairman Powell acknowledged Wednesday that a recession is possible and securing a soft landing will be very difficult, while Treasury Secretary Janet Yellen expressed confidence in the Fed on Thursday. “I believe there is a way to successfully lower inflation by maintaining a strong job market and I very much hope the Fed is successful,” she said.

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 613 million and the number of deaths exceeded 6.53 million. More than 12.7 billion doses of the vaccine have been administered in 184 countries around the world.

Japanese Prime Minister Fumio Kishida announced that border control policies will be eased again on 11 October, including opening the free movement of tourists abroad and lifting the one-day limit of 50,000 arrivals. Taiwan CEO Su Zhenchang said: “0 + 7 independent epidemic prevention” is expected to hit the street on October 13th. At the same time, it will also open visa-free countries upon entry and lift the ban on tourist groups.

The performance of the four major US equity indices on Thursday (22):
Nine of the 11 S&P sectors closed in the dark, led by consumer discretionary, financials and industrials. (Image: finviz)
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The five kings of technology were mixed. apple (AAPL-USA) fell by 0.64%; Half (META-US)) increased by 0.49%; Alphabet (GOOGL-US) increased by 0.87%; Amazon (AMZN-USA) fell by 1.04%; Microsoft (MSFT-USA) increased by 0.85%.

Dow JonesMore than half of the constituents closed in the dark. American Express (AXP-USA) fell by 3.82%; Boeing (BA-US) fell by 3.2%; Goldman Sachs (GS-USA) fell by 2.43%; Disney (DIS-USA) fell by 2.23%; Merck (MRK-US) increased by 3.53%.

half shareThe constituent actions have been wiped out. Intel (INTC-USA) fell by 1.40%; Micron (MU-USA) fell by 0.88%; NVIDIA (NVDA-USA) fell by 5.28%; AMD (AMD-USA) fell by 6.69%; Applied materials (AMAT-USA) fell by 2.35%; Qualcomm (QCOM-USA) fell by 0.75%; Texas Instruments (TXN-USA) fell by 0.42%.

Taiwan’s ADR shares plummeted. TSMC ADR (TSM-USA) fell by 1.96%; ASE ADR (ASX-USA) fell by 0.91%; UMC ADR (UMC-USA) fell by 2.43%; Chunghwa Telecom ADR (CHT US) fell by 0.65%.

Company news

apple (AAPL-USA) fell 0.64 percent to $ 152.74 per share. Foxconn’s Shenzhen and Zhengzhou factories have just entered peak season for iPhone 14 series production. However, due to pre-orders of the two standard iPhone 14 mobile phones not as expected, according to incomplete statistics, Zhengzhou Foxconn has at least 5 workshops that have dismantled or dismantled production lines They rarely do overtime during the peak season.

Tesla (TSLA-USA) fell 4.06 percent to $ 288.59 per share. Tesla is recalling nearly 1.1 million vehicles in the United States after its automatic window reversing system did not respond correctly when it detected obstacles, increasing the risk of injury, media reported.

Boeing (BA-US) closed 3.20 percent down at $ 138.71 per share and its stock was up in after-hour trading. The United States Securities and Exchange Commission (SEC) announced after hours that Boeing agreed to pay $ 200 million to settle with the SEC over allegations that Boeing and its former CEO Dennis A. Muilenburg had not properly disclosed the safety concerns with your 737 Max.

FedEx (FedEx) (FDX-USA) received a dividend of 0.84% ​​at $ 154.54 per share. FedEx, known as the “bell of the economy,” made a technical error during Thursday’s session and unexpectedly announced its latest earnings earlier than expected: Adjusted earnings per share were $ 3.44 and revenue was $ 23.24 billion. For fiscal year 2023, the company expects total cost savings of between $ 2.2 billion and $ 2.7 billion.

Economic data
  • The number of Americans who received unemployment benefits last week reported 213,000, expected 218,000, the previous value of 208,000.
  • The number of people receiving unemployment benefits in the United States reported 1.379 million last week, 1.4 million is expected and the previous value was 1.401 million
  • The monthly rate of the leading US index in August was -0.3%, expected -0.1%, the previous value – 0.5%
  • The US Kansas Fed Composite Manufacturing Index for September reported 1, expected 5, the previous value of 3
  • The Kansas Fed Manufacturing Index in the US in September returned 2, the previous value – 9
Wall Street Analysis

Julian Emanuel, equities and derivatives strategist at Evercore ISI, has cut his year-end forecast for the S&P 500 to 3,975 from 4,200 and expects a full re-test of June lows in the coming weeks.

Jonathan Krinsky, BTIG’s chief market technician, said: “The bad news is that the stock market is still at its weakest seasonal point of the year, and the good news is that the stock market will reverse rapidly in mid-October, with expectations for a June test or breakout before then., which should provide a better entry point for a year-end rally. “

The data is updated before the deadline, please refer to the actual quotation.

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