The war between Ukraine and Russia continued, the Russian army captured the largest nuclear power plant in Europe, the White House considered the Russian crude oil ban, and the oil price exceeded 115 DollarWall Street risk aversion spread, U.S. bonds,DollarAnd gold prices climbed, although the non-agricultural data was far better than expected, the main US stock index opened on Friday (4th) and dived, technology and financial stocks were under pressure, the Dow Jones ended down nearly 180 points, the Nasdaq closed more than 1.6% in the black Down 2.42%, Micron plummeted 8.15%.
In terms of data, the number of non-farm payrolls in the United States surged to 678,000 in February, much higher than the expected 423,000, the largest increase since July last year, and the unemployment rate fell to 3.8%, slightly better than the expected 3.9%. The labor market continues to be strong as the Federal Reserve prepares to raise interest rates.
Political and economic news, the war between Ukraine and Russia has entered the ninth day, the southern front of Ukraine is in an emergency, and the Zaporozhye nuclear power plant, the largest nuclear power plant in Europe, is completely controlled by the Russian army. Russia and Ukraine announced on Friday that the third round of talks is scheduled to take place this weekend. The Group of Seven (G7) warned that more severe sanctions will continue to be imposed on Russia and Belarus following several rounds of sanctions.
The Biden administration is considering a Russian crude oil ban, assessing whether the oil ban will actually hurt the Russian economy, or whether crude will simply flow to other markets and drive up prices.
World Bank President David Malpass (David Malpass) said that the United States and Europe have imposed strong sanctions on Russia, which will affect the world’s oil and food trade and bring huge supply chain shocks to the entire world.At the same time, a British think tank estimates that the war, affecting supply chains, might cost a trillion dollars in global economic output.Dollar。
The S&P Dow Jones index provider announced it would exclude Russian stocks from its indexes, and the New York Stock Exchange suspended trading in three Russian ETFs, citing regulatory concerns.
Before the deadline, according to data from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 443 million, and the number of deaths has exceeded 5.98 million. More than 10.8 billion vaccine doses have been administered in 184 countries worldwide.
The performance of the four major U.S. stock indexes on Friday (4th):
- The Dow Jones Industrial Average fell 179.86 points, or 0.53%, to close at 33,614.8 points.
- The Nasdaq lost 224.5 points, or 1.66 percent, to end at 13,313.44.
- The S&P 500 lost 34.62 points, or 0.79%, to end at 4,328.87.
- The Philadelphia Semiconductor Index fell 80.8 points, or 2.42 percent, to 3,258.9.
Focus stocks
The five kings of science and technology are Qi Mo. Apple (AAPL-US) fell 1.84%; Meta (formerly Facebook) (FB-US) fell 1.43%; Alphabet (GOOGL-US) fell 1.49%; Amazon (AMZN-US) fell 1.53 percent; Microsoft (MSFT-US) fell 2.05%.
Dow components were mixed. Boeing (BA-US) fell 4.24%; American Express (AXP-US) fell 3.86%; Visa (V-US) fell 3.35%; Walmart (WMT-US) rose 2.53 percent; UnitedHealth (UNH-US) rose 2.48%.
Fei half of the constituent stocks killed the Quartet, only Broadcom and Intel were spared. Micron (MU-US) plummeted 8.15%; AMD (AMD-US) fell 3.19%; Nvidia (NVDA-US) fell 3.28%; Applied Materials (AMAT-US) fell 3.75%; Qualcomm (QCOM-US) fell 1.87%; Intel (INTC-US) rose 0.29%; Broadcom (AVGO-US) rose 3.01%.
Taiwan stocks ADR all fell. TSMC ADR (TSM-US) fell 3.43%; ASE ADR (ASX-US) fell 3.41%; UMC ADR (UMC-US) fell 2.94%; Chunghwa Telecom ADR (CHT US) fell 0.52%.
Corporate News
Facebook parent company Meta (FB-US) fell 1.43% to 200.06 per share on Friday Dollar,Twitter (TWTR-US) fell 0.30% to 33.39 per share Dollar. Facebook and Twitter were blocked by Russian authorities on the grounds that the social media platforms discriminated once morest Russia by restricting the authority of several Russian state media.
Technology giant Microsoft (MSFT-US) fell 2.05% to 289.86 per share Dollar. The company joined the sanctions once morest Russia, announcing on Friday that it would suspend all Microsoft products and services in Russia and cease many operations in the country. Intel and AMD also confirmed the suspension of shipments to Russia and Belarus.
Tesla (TSLA-US) fell 0.12% to 838.29 per share Dollar. Tesla’s Gigafactory in Berlin, Germany, received conditional approval from the Brandenburg state government on Friday to operate. Tesla must meet a series of local environmental assessment conditions in terms of using water resources and air pollution control. , it is expected that the Berlin plant will accelerate production in the second half of the year, and may produce regarding 30,000 vehicles in the first six months, with the ultimate goal of annual production capacity reaching 500,000 vehicles.
Broadcom (Broadcom) (AVGO-US) rose 3.01% to 595.99 per share Dollar.The company’s revenue in the first quarter of fiscal 2022 rose 16% to 7.71 billionDollaradjusted earnings per share rose 27% to 8.39 Dollarare better than market expectations, and it is estimated that the revenue in the second quarter will reach regarding 7.9 billionDollarhigher than market expectations of 7.43 billionDollar。
Economic data
- The U.S. non-farm payrolls in February reported 678,000, expected 403,000, the previous value of 467,000
- The U.S. unemployment rate in February was 3.8%, expected 3.9%, the previous value was 4%
- U.S. average hourly wage growth in February was 5.1%, expected 5.8%, and the previous value of 5.7%
- The U.S. labor force participation rate in February was 62.3%, expected to be 62.2%, and the previous value of 62.2%
Wall Street Analysis
Anastasia Amoroso, chief investment strategist at iCapital, said the toughest part of the market right now is that the pressure on raw materials prices should have eased but it has not, which is why the market ignores the non-agricultural report. In addition, the risk of supply chain disruption makes the market outlook quite difficult.
Jeffrey Rosenberg, portfolio manager at BlackRock, mentioned that the focus on Wall Street is really not the employment numbers, the market is focusing on the impact of the Russian invasion, which is a negative supply shock, which is bad for economic growth and will increase inflation.
Federal Reserve Chairman Powell this week expressed support for a rate hike this month. “There is some bullishness in the NFP report as job creation remains strong, the labor force participation rate is moving higher, and wage growth is slowing, which might take some of the pressure off the Fed,” said Adam Crisafulli of Vital Knowledge.
Seema Shah, chief strategist at Principal Global Investors, said: “The latest nonfarm payrolls data once once more proves that the U.S. economy is strong enough to withstand a cycle of rapid policy tightening.”
(The figures are updated before the deadline, please refer to the actual quotation)
