The expectation that the bailout bill will be passed has driven the three major Wall Street indexes to close at a record high yesterday (17th). US stocks ushered in the last “Four Witch Days” of this year on Friday (18th). The major indexes opened in a narrow range. The Dow Jones Industrial Average rose slightly by 11 points or 0.04%, the S&P 500 rose 0.05%, and the Nasdaq Index Hefei Ban rose 0.3% and 0.04% respectively.
Tesla, which will be included in the S&P 500 index before the market next Monday (21st) (TSLA-US) The opening rose more than 4%, and the stock price hit a record high.
Friday (18th) coincides with the quarterly Quadruple witching. Futures and options for US stock indexes and stocks will expire on the same day, which usually stimulates a surge in trading volume and triggers sharp price fluctuations.
As the number of confirmed cases of new coronary pneumonia in the United States continues to rise, the adoption of a new round of rescue plans is imminent. Congress leaders of the two parties have recently negotiated closely and hope to reach a consensus before the expiration of the rescue to avoid interruption of subsidies.
The Speaker of the U.S. House of Representatives, Nancy Pelosi, said on Thursday that the negotiations have made progress and are awaiting a reply from the Republican Party and continued communication. White House spokesperson Ben Williamson also said that Trump is optimistic that congressional leaders will reach a rescue plan within the next 48 hours.
On the vaccine news, following Trump’s tweet that the Moderna vaccine has been approved, US Vice President Mike Pence also said that the authorities will approve Moderna’s new crown vaccine within a few hours.
As of Friday (18th) 22 o’clock Taipei time:
- The Dow Jones Index rose 11.82 points, or 0.04%, to 30,315.19 points temporarily
- Nasdaq rose 33.36 points or 0.26% to 12798.10 points temporarily
- The S&P 500 Index rose 1.99 points or 0.05%, temporarily at 3,724.47
- Fees and a half rose by 1.00 points or 0.04%, temporarily at 2779.15 points
- TSMC ADR rose 0.09% to 103.99 per share USD
- The 10-year U.S. Treasury yield fell to 0.923%
- New York light crude oil rose 0.72% to 48.71 per barrel USD
- Brent crude oil rose 0.52% to 51.77 per barrel USD
- Gold fell 0.01% to 1,890.20 per ounce USD
- USDThe index rose 0.15% to 89.88 points
Focus stocks:
Tesla (TSLA-US) Rose 4.19% in early trading to 683.40 USD。
Tesla will officially be included in the S&P 500 index next Monday (21st). Dozens of index funds tracking the S&P 500 must buy tens of billions at the closing price on Friday (18th)USDThe market expects that this will lead to a surge in trading volume on Friday (18th).
BioTelemetry(BEAT-US) Rose 18.16% in early trading to 73.00 USD。
Royal Philips of the Netherlands (Philips) said that in order to develop telemedicine business, USDThe price to acquire all the outstanding shares of BioTelemetry, a US biotechnology company, represents a 16.5% premium to Thursday’s (17th) closing price, and the acquisition is valued at approximately 2.8 billionUSD。
BioTelemetry mainly provides remote monitoring of the heart business, focusing on providing cardiac monitoring and diagnostic devices for patients with arrhythmia. The business accounted for 85% of the company’s sales last year.
Modern (MRNA-US) Fell 4.51% to 137.50 in early trading USD。
The U.S. Food and Drug Administration (FDA) external advisory group held a meeting on Thursday (18th) to vote to support the provision of an emergency use authorization (EUA) for Moderna vaccine.
US Secretary of Health and Human Services Alex Azar said that 5.9 million doses of the Moderna vaccine have been prepared and distributed to the governors of the states. If it is approved by the FDA on Friday, it will be shipped to the United States.
Daily key economic data:
- US November current account report-178.5 billionUSD, Expected-188.6 billionUSD, The previous value-170.5 billionUSD
Wall Street analysis:
Steven Wieting, global investment strategist at Citigroup Private Bank, said: “The stimulus plan should be able to form enough bridges, coupled with the fact that we are prepared for the epidemic at this stage and the vaccine will be launched early in the middle of next year. It must be enough to get us through this period of weakness.”
ING analysts pointed out in the research report that although the federal government faces the risk of partial shutdown, which has caused optimism to be poured cold water, risk sentiment may still benefit from news of the bailout case.
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