U.S. stocks rose moderately in early trading on Tuesday (29th), setting stocks to record intraday highs. However, as hopes for larger-scale stimulus checks faded, U.S. stocks staged a reversal and bid farewell to yesterday’s historical highs. U.S. stock indexes collectively closed down More than 0.2%.
The U.S. House of Representatives passed 2,000 by a vote of 275 to 134 on Monday. USDFor the bail-out check bill, on Tuesday, the US Senate Minority Leader Schumer attempted to approve the bill through an anonymous vote. However, the Schumer operation was vetoed by the Republican majority leader McConnell.
U.S. President Trump tweeted: “Unless the Republicans want to die, and this is the right approach, they must approve 2000 as soon as possible. USDThe bailout check grants. 600 USDis not enough! “
The Federal Standards Committee (Fed) announced that the Main Street Business Lending Program will be extended from December 31, 2020 to January 8, 2021 to allow more time to process on or before December 14 The submitted enterprises apply for loans and grant loans. U.S. Treasury Secretary May Mnuchin approved the extension of the plan.
The global new crown pneumonia (COVID-19) epidemic continues to have a fever. According to real-time statistics from Johns Hopkins University in the United States, the number of confirmed cases worldwide has soared to 81.71 million cases, and the number of deaths has exceeded 1.78 million. The United States has accumulated More than 19.44 million cases were diagnosed, and the cumulative number of deaths exceeded 336,000.
The British variant of the new crown pneumonia virus is coming fiercely. On Tuesday, the United States confirmed the first case of indigenous infection of the British variant of the new crown virus. The case is a male in his 20s in Elbert County, Colorado. He is currently in isolation and has no recent history of foreign travel.
The Centers for Disease Control and Prevention (CDC) stated that more than 11.4 million doses of the new crown vaccine have been dispensed since December 13, but only about 2.1 million doses have been administered, and the United States may not be able to achieve the goal of vaccinating 20 million people by the end of the year
Tuesday (29th) the performance of the four major US stock indexes:
- The Dow Jones Index fell 68.30 points, or 0.22%, to close at 30,335.67 points.
- The S&P 500 index fell 8.32 points, or 0.22%, to close at 3,727.04 points.
- The Nasdaq Index fell 49.20 points, or 0.38%, to close at 12,850.22 points.
- The Philadelphia Semiconductor Index fell 6.25 points, or 0.23%, to close at 2,738.05 points.
Focus stocks
Only Amazon is the only one of the five kings of technology. Apple (AAPL-US) Fell 1.33%; Facebook (FB-US) Fell 0.079%; Alphabet (GOOGL-US) Fell 0.91%; Amazon (AMZN-US) Rose 1.16%; Microsoft (MSFT-US) Fell 0.36%.
Dow Jones constituent stocks are Intel and Amgen performing best. Intel (INTC-US) Rose 4.93%; Amgen (AMGN-US) Rose 1.44%; Merck (MRK-US) Rose 1.21%; Home Depot (HD-US) Fell 1.14%; salesforce (CRM-US) Fell by 0.97%.
Fei’s semi-component stocks were mixed. Qualcomm (QCOM-US) Rose 0.51%; AMD (AMD-US) Fell 1.07%; NVIDIA (NVDA-US) Rose 0.34%; Micron (MU-US) Fell 0.64%.
Taiwanese ADRs fell to the ground. TSMC ADR (TSM-US) Fell 0.52%; UMC ADR (UMC-US) Fell 3.82%; ASE ADR (ASX-US) Fell 2.88%; Chunghwa Telecom ADR (CHT-US) Fell 0.70%.
Stock news
Third Point, a US hedge fund led by star trader Daniel Loeb, said on Tuesday (29th) that Intel has lost to TSMC, Samsung and AMD, and he asked Intel to explore strategic alternatives. Intel (INTC-US) On Tuesday, the intraday gap soared, reaching 50.67 per share. USDSingle-day high, the final closing dividend of 4.93% to 49.39 per share USD。
After the Federal Aviation Administration (FAA) lifted a 20-month ban last month, American Airlines (AAL-US) The resumption of Boeing 737 MAX flights for the first time in the United States. Boeing (BA-US) After rising 2.6%, it gave up the early gains and closed up 0.074%.
Apple fell 1.33% to 134.87 per share USD. Well-known technology expert Jon Prosser broke the news on the Youtube program Front Page Tech on Tuesday (29th) that Apple’s first foldable iPhone may be released in 2022 or 2023 and will support 5G technology.
Investment bank Goldman Sachs is optimistic about Snapchat’s optimistic revenue growth prospects and has raised Snap (SNAP-US) At the target price, Snap’s share price surged 6.15%.
Economic data
- The monthly growth rate of the U.S. S&P 20 major city house price index in October was 1.3%, up from 1.27% before
- The annual growth rate of the U.S. S&P 20 major city house price index in October was 7.9%, which is expected to be 6.95%, and the previous value is 6.57%
Wall Street Analysis
Joseph Sroka, NovaPoint’s Chief Investment Officer, said: “Majority Leader McConnell does not approve 2,000 USDThe move to bail out the cheque bill turned U.S. stocks into red around midday. “
Stephen Massocca, Senior Vice President of WedBush Securities, said: “The Senate Republican Party will take similar actions to follow McConnell. I think 2,000 USDwill not happen. “
The Russell 2000 index fell more than 1.8%, the largest one-day drop in a month. Stephen Massocca said: “The sharp decline in small-cap stocks may signal concerns about a surge in infections, as it will prompt a slower-than-expected restart.”
After the U.S. stock market rebounded strongly from the lows in March this year and turned from a bear market to a bull market at a record speed, the three major U.S. stock indexes will also release strong returns this year. The S&P 500 Index has risen 15.6% this year, the Dow Jones Index has risen 6.6%, and the Nasdaq has soared 44% so far.
Rob Haworth, senior investment strategist at Bank of America Wealth Management, said: “We believe that the rotation is still in progress, so when we look back at 2020, as the end of the year approaches, the energy and financial industries are actually still lagging behind. Space to catch up, especially as we reopen the economy.”
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