The dawn of negotiations between Ukraine and Russia, coupled with the announcement on Thursday (24th) that the number of Americans receiving unemployment benefits last week hit a 53-year low, boosted optimism regarding the US economic recovery, the bond market sell-off continued, and Nvidia and Intel led the rise Under the circumstances, the rise of chip stocks is unstoppable.that fingerReceived a bonus of 1.93%,half feeSoaring more than 5%, the S&P rose 1.43%, back above its 200-day moving average.
Ukrainian President Volodymyr Zelensky’s chief of staff Andriy Yermak said on Thursday that progress was being made in ceasefire talks with Russia and that he was cautiously optimistic regarding the possibility of a diplomatic breakthrough to end the war. The Ukrainian-Russian talks are still ongoing, but the meeting between the two heads of state is necessary because it is the only way to resolve truly thorny issues.
NATO, G7 and EU leaders held a summit on Thursday to discuss the Russian-Ukrainian war. After the summit, NATO issued three major decisions: the first is to continue military aid to Ukraine, the second is to strengthen the military in Eastern Europe, and the third is to increase NATO defense spending.
U.S., U.K. expand sanctions blacklist once morest Russia on Thursday, Russia’s central bankgoldReserves will also be targeted by U.S. sanctions, with U.S. President Joe Biden saying Russia should be excluded from the G20.
The market continued to pay attention to the speech of the Fed officials. Following a number of Fed Chairman Powell and a number of officials have supported not rule out a rate hike of 2 yards, Chicago Fed Bank President Charles Evans (Charles Evans) said on Thursday that he is open to raising interest rates by 2 yards. On the same day, Fed Governor Christopher Waller mentioned that inflation detonated the U.S. housing market, and the market fell into a frenzy. He would pay close attention to real estate to judge the appropriate stance of monetary policy.
Before the deadline, according to data from Johns Hopkins University in the United States, the number of confirmed cases worldwide has soared to more than 476 million, and the number of deaths has exceeded 6.1 million. More than 11.1 billion vaccine doses have been administered in 184 countries worldwide.
The performance of the four major U.S. stock indexes on Thursday (24th):
- US stocksDow JonesUp 349.44 points, or 1.02 percent, to settle at 34,707.94.
- NasdaqThe index rose 269.24 points, or 1.93 percent, to end at 14,191.84.
- S&P 500 IndexUp 63.92 points, or 1.43 percent, to settle at 4,520.16.
- Philadelphia SemiconductorThe index rose 172.39 points, or 5.13 percent, to end at 3,532.72.
Focus stocks
The five kings of science and technology closed higher. Apple (AAPL-US) rose 2.27%; Meta (formerly Facebook) (FB-US) rose 2.86%; Alphabet (GOOGL-US) rose 2.38%; Amazon (AMZN-US) rose 0.15%; Microsoft (MSFT-US) rose 1.54%.
Dow JonesAlmost all of the constituent stocks closed in the red. UnitedHealth (UNH-US) rose 2.03 percent; McDonald’s (MCD-US) rose 1.75 percent; Boeing (BA-US) rose 1.62 percent; American Express (AXP-US) rose 1.54%; Nike (US-US) fell 0.69%.
half feeConstituent stocks soared. Nvidia (NVDA-US) surged 9.82%; Intel (INTC-US) rose 6.94%; Micron (MU-US) rose 3.38 percent; Applied Materials (AMAT-US) rose 5.46%; Qualcomm (QCOM-US) rose 3.66%; AMD (AMD-US) rose 5.80%.
Taiwan stock ADR Qi Yang. TSMC ADR (TSM-US) rose 2.44%; ASE ADR (ASX-US) rose 3.30%; UMC ADR (UMC-US) rose 2.84%; Chunghwa Telecom ADR (CHT US) rose 0.71%.
Corporate News
Nvidia (NVDA-US) soared 9.82% to $281.50 a share. Intel (INTC-US) rose 6.94 percent to $51.62 a share. Nvidia recently announced that it is considering discussing foundry cooperation with Intel. Lu Xingzhi, a well-known semiconductor analyst, commented that Nvidia CEO Huang Renxun verbally said that he wanted to diversify foundry risks, but he actually intended to join forces with Intel to curb the rise of TSMC’s advanced manufacturing process. price.
Apple (AAPL-US) rose 2.27% to $174.07 a share, rising for an eighth straight session. It is rumored that Apple is considering launching a hardware subscription service, allowing users to use the iPhone and other devices through a monthly subscription, similar to the way users currently subscribe to iCloud. It is reported that the service will be launched as soon as the end of the year.
Apple is rumoured to be considering a hardware subscription service (Image: AFP)Major U.S. steelmaker Cleveland-Cliffs (CLF-US) surged 12.04 percent to $32.67 a share on Thursday.
Tesla (TSLA-US) rose 1.48% to $1,013.92 a share, re-entering the $1,000 mark. Car rental giant Hertz has announced the addition of the Tesla Model Y to its rental fleet.
Logitech (LOGI-US) rose 7.60% to $77.32 per share. Analysts at Bank of America pointed out that Logitech, which has fallen regarding 13% this year, is too cheap to ignore, with a “buy” rating on the stock.
Economic data
- The number of initial claims for unemployment benefits in the United States for the week (as of 3/19) reported 187,000, expected 210,000, and the previous value of 214,000
- The number of people receiving unemployment benefits in the United States for the week (as of 3/12) reported 1.35 million, expected 1.403 million, and the previous value of 1.419 million
- The initial monthly growth rate of US durable goods orders in February was -2.2%, expected -0.6%, and the previous value was 1.6%
- U.S. Q4 trade balance reported – $217.9 billion, expected – $218.0 billion, prior – $214.8 billion
- U.S. March Markit manufacturing PMI initial value was 58.5, expected 56.6, the previous value was 57.3
- U.S. March Markit services PMI initial value at 58.9, expected 56, the previous value of 56.5
- The initial value of the US composite PMI in March was 58.5, expected to be 54.7, and the previous value of 55.9
Wall Street Analysis
The number of Americans filing new claims for unemployment benefits fell to the lowest level since 1969, and an analysis by investment bank Jefferies pointed out that the labor market is very strong, and this data is evidence that the Fed believes they can raise interest rates faster to fight inflation.
Chris Gaffney, president of global markets at TIAA Bank, said: “The market has always known that the Fed will raise interest rates, and the main question or concern is how to affect economic growth. Powell continues to believe that the U.S. economy is strong enough to withstand higher interest rates. The Russian war will undoubtedly push up high material prices, which will largely impact consumer spending and is expected to remain a big problem.”
Marshall Gittler, head of investment research at BDSwiss Holding, warned: “If Western countries do increase sanctions pressure on Russia, Russia might respond tit-for-tat, such as cutting off oil or grain exports altogether, which would further depress the European economy and push up raw materials. price.”
(The figures are updated before the deadline, please refer to the actual quotation)