After a turbulent and dramatic year, U.S. stocks were lightly traded on the last trading day of 2020, and the opening volatility of major indexes was small. The Dow Jones Industrial Average dropped 9 points or 0.03% at the opening and the S&P 500 index rose 0.02%. The Nasdaq index rose 0.08%, and fees rose 0.15%.
The impact of the new crown epidemic in 2020 has triggered the worst global economic recession in decades. Millions of people have lost their jobs. The major indexes have been turbulent many times, forcing the central bank and the government to offer unprecedented stimulus measures to help boost the economy.
Since the end of March this year, the S&P 500 Index has climbed nearly 70%, making the annual increase more than 15%. Benefit from Alphabet(GOOGL-US), Apple (AAPL-US), Microsoft (MSFT-US) And Netflix(NFLX-US) And other technology giants, the Nasdaq Index is expected to achieve 43% growth in 2020, and its best annual performance since 2009.
With the arrival of 2021, investors will continue to pay attention to the situation of the US bailout case. Senate Republican leader Mitch McConnell (Mitch McConnell) opposed Democratic leader Chuck Schumer for the second consecutive day to distribute 2000 USDVoting proposal to bail out checks.
The “Wall Street Report” pointed out that the two-party deadlock may continue until the end of the current Congress, and will continue after the new Congress takes office in January next year.
In addition, the market will continue to pay attention to the senator runoff in Georgia next week. This election is about who can control the Senate and is a key to reshaping the environment of the US Congress.
As of 22 o’clock on Thursday (31st) Taipei time:
- The Dow Jones Index fell 8.81 points, or -0.03%, to 30400.75 points temporarily
- Nasdaq rose 10.16 points or 0.08% to 12880.16 points temporarily
- The S&P 500 Index rose 0.62 points or 0.02%, temporarily at 3732.66 points
- Fees rose by 4.31 points, or 0.15%, temporarily at 2788.08 points
- TSMC’s ADR rose 0.21% to 109.13 per share USD
- The 10-year U.S. Treasury yield rose to 0.930%
- New York light crude oil fell 0.74% to 48.04 per barrel USD
- Brent crude oil fell 0.12% to 51.28 per barrel USD
- Gold rose 0.48% to 1902.50 per ounce USD
- USDThe index fell 0.10% to 89.56 points
Focus stocks:
Exxon Mobil (XOM-US) Fell 0.05% in early trading to 41.58 USD。
ExxonMobil predicts that rising prices of oil, natural gas and chemical products will drive Q4 profitability, and said that the scale of write-down of upstream assets this year will reach 18-20 billionUSD。
Due to the weakening of oil and natural gas prices due to the epidemic, Exxon Mobil has suffered losses for three consecutive quarters this year. The company will release its Q4 earnings report on February 2, 2021.
Apple (AAPL-US) Rose 1.22% in early trading to 703.28 USD。
In response to Chinese regulations, Apple removed 46,000 apps from the App Store in China on Thursday (31st), including 3.9 games. Apple’s policy requires game developers to submit a license certificate issued by the Chinese government or they will be removed from the shelves.
According to foreign media reports, Apple originally set the deadline for submitting licenses at the end of June this year, and later extended the date to December 31.
Tesla (TSLA-US) Rose 0.17% in early trading to 133.95 USD。
Tesla is expected to announce Q4 electric vehicle shipment data next week. Wedbush analyst Daniel Ives released a report on Wednesday that the widely suppressed Chinese demand during the epidemic will drive a strong rebound in Q4 deliveries. Tesla is expected to reach a shipment target of 500,000 vehicles this year and reach 100 in 2022. 10,000 shipments, faster than the 2023 estimated by the Wedbush model.
Daily key economic data:
- The United States last week (12/26) reported 787 thousand initial unemployment benefits, which is expected to be 833,000. The previous value was raised from 803,000 to 806,000.
- The United States last week (12/19) continued to claim unemployment benefits for 10,000 people, expected to be 5.39 million, and the previous value was lowered from 5.337 million to 5.322 million
Wall Street analysis:
Naeem Aslam, chief market analyst at AvaTrade, said that 2020 is an incredible and interesting year for the stock market. The major stock indexes plummeted by more than 30% in mid-March of this year. After that, we experienced one of the fastest U.S. stocks history. With the recovery, we have seen US and European stock indexes hit record highs.
Aslam said that the economic data did not give any indication that the Fed would adjust its monetary policy stance.USDThe index went lower.
Stephen Innes, chief global market strategist at Axi, said,USDIt will remain weak for a period of time, allowing gold to continue its rally early next year. Innes believes that the price of gold may knock on 2000 again USD。
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