Although Fed officials issued a dovish signal on Monday (21st), as the Chinese epidemic rebounded, Wall Street was shrouded in pessimism, funds flocked to safe-haven assets, the dollar rose, and the oil market suffered a huge shock, energy Stocks plummeted, and the stock prices of major electric vehicle manufacturers such as China Concept Technology and Tesla were weak, and the four major indexes closed in the black.
Dow Jones IndexIt closed down nearly 50 points on Monday, with the S&P down 0.39%. That fingercontusion of more than 1%,fee halfThe index fell 1.77%.
In political and economic news, investors are paying close attention to Fed officials’ views on the outlook for interest rate policy, and the minutes of the November meeting will be released on Wednesday, in an attempt to find more clues on the future policy path.
Mary Daly, president of the Federal Reserve Bank of San Francisco, pointed out on Monday that the actual impact of the Fed’s interest rate hike may be greater than the impact of the current benchmark interest rate (3.75% to 4.00%), and excessively tight monetary policy may have a negative impact on the economy. cause unnecessary suffering. Federal Reserve Bank of Cleveland President Loretta Mester is open to slowing rate hikes next month.
The international oil market was in turmoil on Monday, with oil prices hitting a 10-month low, mainly due to news that Saudi Arabia and other OPEC members were discussing increasing oil production by up to 500,000 barrels per day next month. Oil prices recovered from their lows only following the Arabs denied rumors of an increase in production.
Beijing is facing its toughest test yet from the pandemic, shutting businesses and schools in hard-hit areas and demanding less social mobility as infection rates rise, reigniting concerns regarding energy demand in the world’s largest energy importer.
News spread that the seven major industrialized countries (G7) plan to announce a price cap on Russian oil on Wednesday (23rd). Russian Deputy Prime Minister Novak (Alexander Novak) reiterated on Monday that he does not intend to supply Russian oil or petroleum products to countries that impose price caps.
Global supply chains may be at risk once more, with truck drivers in South Korea planning to strike once more, while railroad strikes loom across the U.S., with the White House warning that shutting down the rail freight system is unacceptable to the U.S. economy and its people.
The novel coronavirus pneumonia (COVID-19) global epidemic continues to spread. Before the deadline, the Johns Hopkins University (Johns Hopkins University) data pointed out that the number of confirmed cases worldwide has soared to 638 million, and the number of deaths has exceeded 6.62 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.
The performance of the four major US stock indexes on Monday (21st):
Focus stocks
Among the five kings of science and technology, only Microsoft is thriving. apple (AAPL-US) down 2.17%; Alphabet (GOOGL-US) down 1.88%; Microsoft (MSFT-US) up 0.34%; Meta (META-US) down 1.95%; Amazon (AMZN-US) fell 1.78%.
Dow JonesConstituent stocks have their ups and downs. Disney (DIS-US) rose 6.3%; Walgreens Boots (WBA-US) rose 2.11%; Coca-Cola (KO-US) rose 1.54%; UnitedHealth (UNH-US) down 2.42%; Salesforce (CRM-US) down 2.15%; Visa (V-US) down 2.13%.
fee halfThe constituent stocks are almost all blood-stained. NVIDIA (NVDA-US) down 0.60%; Applied Materials (AMAT-US) up 0.42%; Texas Instruments (TXN-US) down 1.59%; Micron (MU-US) down 2.42%; Intel (INTC-US) fell 3.11%; Qualcomm (QCOM-US) down 2.95%; AMD (AMD-US) fell 1.51%.
ADRs of Taiwan stocks fell into one piece. TSMC ADR (TSM-US) fell 2.84%; ASE ADR (ASX-US) fell 1.10%; UMC ADR (UMC-US) fell 1.21%; Chunghwa Telecom ADR (CHT US) fell 0.43%.
Corporate News
Tesla (TSLA-US) plummeted 6.84% to $167.87 per share, the lowest closing level since November 2020, the fourth consecutive day of decline.
Disney (DIS-US) soared 6.30% to $97.58 per share. Disney announced on Monday that the board of directors has decided that Bob Iger will return to Disney as CEO, replacing Iger’s original successor, Bob Chapek.
apple (AAPL-US) closed down 2.17 percent at $148.01 a share. According to Apple’s official website in China, consumers are currently placing orders for the iPhone 14 Pro series, and the delivery date has been scheduled until January next year. The waiting time is more than a month, and Apple retail stores in Beijing, Shanghai and other places are out of stock.
Intel (INTC-US) slipped 3.11% to $28.94 per share.
Meta (META-US) closed up 1.95 percent at $109.86 a share. Meta is facing new legal action in the UK. Tanya O’Carroll, director of technology and human rights at Amnesty International, has sued Meta, accusing Meta’s Facebook of processing and analyzing personal data, and then tailoring ads, in violation of the law. provisions of the General Data Protection Act.
Wall Street Analysis
This week’s trading volume may tend to be light, because U.S. stocks are closed on Thursday for Thanksgiving, and the next Friday is also known as “Black Friday”, and U.S. stocks only trade for half a day.
Janney Montgomery Scott predicts that this week’s trading hours will be shortened due to holidays, and the trading volume of US stocks may decrease as Thursday approaches.
Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown, said: “Financial markets have been chilled by concerns that an escalating outbreak in China and new containment restrictions will further drag on manufacturing production and drive down demand for raw materials.”
“Wall Street is starting to get nervous regarding an unpopular rail strike, which might lead to further supply chain issues that might keep pushing inflation higher,” analysts at Oanda said.
Citigroup economist Veronica Clark said: “If the Fed does see a slowdown in inflation but does not see a slowdown in inflationary pressures in the service sector, then this has to do with the tight labor market, and they really need to start from There are signs of loosening in the labor market data.”
The numbers are all updated before the deadline, please refer to the actual quotation
