2024-01-19 22:03:30
Centered on the optimism regarding artificial intelligence (AI), chip stocks continued to lead the upward trend. AMD and Meta hit record highs. The main U.S. stock indexes all rose on Friday (19th). The S&P rose more than 1% to close at 4,839.81 points, breaking 2022 The closing record since January this year, setting a new closing high in history.
This milestone confirms that the S&P has been in a bull market since its closing low on October 12, 2022, and also marks the end of the bear market.
In terms of data, the University of Michigan released data showing that the consumer confidence index in early January rose to a new high since 2021, far exceeding economists’ expectations, while short-term inflation expectations fell to a three-year low.This report reflects strong U.S. consumer confidence, boosting 10-year U.S. Treasury yieldIt bounced up for a while.
Bank of America cited EPFR Global data and pointed out that in the week ending January 17, US stock inflows reached US$4.3 billion, while technology stock funds recorded the largest two-week inflow of US$4 billion since August.
On the political and economic front, Federal Reserve officials have successively released signals of prudent interest rate cuts, and the U.S. consumer confidence index has risen to a two-and-a-half-year high. The latest market consensus is that the Federal Reserve will not implement easing policies until May at the earliest.
San Francisco Fed President Mary Daly said on Friday: “It’s too early to think a rate cut is coming, although I think we should be looking forward and asking when policy changes will be needed so that we don’t Tie the economy.” She will be looking for any early signs that the labor market is starting to falter to help her make interest rate policy decisions.
Chicago Federal Reserve President Austan Goolsbee said continued decline in inflation warranted discussion of an interest rate cut, although he did not give a timetable for the first rate cut by the Federal Reserve.
The U.S. House and Senate passed a short-term spending bill on Thursday to avoid a partial government shutdown later this week and keep the federal government operating until March.
The U.S.-China Financial Working Group meeting was held in Beijing for two consecutive days starting from Thursday. It was co-chaired by Xuan Changneng, Deputy Governor of the People’s Bank of China, and Brent Neiman, Assistant Secretary of the U.S. Department of the Treasury. The two sides discussed the monetary and financial issues between the two countries. Stability, financial supervision, financial markets, cross-border payments and data, sustainable finance, anti-money laundering and counter-terrorist financing, global financial governance and other issues of concern to both parties will be discussed.
Performance of major U.S. stock indexes on Friday (19th):
- US stocksDow Jones IndexIt rose 395.19 points, or 1.05%, to close at 37,863.8 points.
- NasdaqThe index rose 255.32 points, or 1.7%, to close at 15,310.97 points.
- S&P 500 IndexIt rose 58.87 points, or 1.23%, to close at 4,839.81 points.
- Philadelphia SemiconductorThe index rose 169.14 points, or 4.02%, to close at 4,375.65 points.
- The NYSE FANG + index rose 191.36 points, or 2.17%, to close at 8,990.41 points.
Among the 11 major S&P sectors, information technology and financial stocks led the gains, while two major sectors ended in the black, including consumer staples and utilities. (Image: finviz) Focus Stocks
The five technology kings in the NYSE FANG+ index are all rising. apple (AAPL-US) up 1.55%; Alphabet (GOOGL-US) rose 2.02%; Meta (META-US) rose 1.95%; Microsoft (MSFT-US) rose 1.22%; Amazon (AMZN-US) rose 1.20%.
Dow JonesComponent stocks were generally higher. traveller (TRV-US) rose 6.72%; IBM (IBM-US) rose 2.78%; Salesforce (CRM-US) rose 2.34%; McDonald’s (MCD-US) rose 2.1%; UnitedHealth (UNH-US) fell 2.48%. .
half feeThe constituent stocks are in full swing. AMD (AMD-US) surged 7.11%; Micron (MU-US) rose 3.17%; Broadcom (AVGO-US) rose 5.88%; Qualcomm (QCOM-US) rose 4.59%; Huida (NVDA-US) rose 4.17%; Applied Materials (AMAT-US) rose 4.74%; Deyi (TXN-US) rose 4.04%.
Taiwan stock ADRs all climbed. TSMC ADR (TSM-US) rose 1.04%; ASE ADR (ASX-US) rose 2.43%; UMC ADR (UMC-US) rose 2.18%; Chunghwa Telecom ADR (CHT-US) rose 0.26%.
Corporate News
Microsoft (MSFT-US) rose 1.22% to $398.67 per share. Foreign media reported that OpenAI CEO Sam Altman has been working hard to raise billions of dollars from global investors to build an artificial intelligence (AI) chip factory. His goal is to use the funds to build a network of factories that manufacture semiconductors. road.
Wafer foundry leader TSMC ADR (TSM-US) rose 1.04% to US$114.20 per share, with a discount and premium rate of 14.69%, and a conversion price of 717.98 yuan.TSMC’s net earnings per share (EPS) in the fourth quarter of last year reached 9.21 yuan, exceeding market expectations. It also pointed out that future AI revenue CAGR will be as high as 50%, which will boost the growth of the semiconductor industry. In addition, capital expenditures, advanced process progress and overseas factory establishment Issues such as this are the focus of corporate attention
iRobot (IRBT-US) shares plummeted 26.93% to $17.26 per share. iRobot shares have fallen more than 60% since the beginning of this month.
apple (AAPL-US) closed at a 1.55% dividend to $191.56 per share. Demand for the Apple Vision Pro surged following it went up for pre-order on Friday morning. In less than an hour, the earliest delivery date for pre-orders was pushed back from February 2 to March 8, according to a report from Evercore analyst Amit Daryanani.
macy’s department store (M-US) fell 1.67% to $17.63 per share. Macy’s said on Thursday it planned to cut regarding 3.5% of its workforce and close five stores to help cut costs and reverse slowing sales.
Meta (META-US) rose 1.95% to $383.45 per share. Meta Chairman and CEO Zuckerberg announced on Thursday (18th) that Meta will spend billions of dollars to purchase Huida’s AI chips.
Economic data
- The University of Michigan’s consumer confidence index in January was 78.8, expected 70.0, and the previous value was 69.7
- The University of Michigan’s January 1-year inflation forecast is 2.9%, compared with the forecast of 3.1% and the previous value of 3.1%.
- The University of Michigan’s January five-year inflation forecast is 2.8%, compared with the forecast of 3.0% and the previous value of 2.9%
Wall Street Analysis
Lisa Erickson, senior vice president and head of traditional investments at Bank of America Wealth Management, said: “This is a really encouraging day, and 4,800 is certainly a key level that is difficult to surpass. So if we continue to move in this direction, it will be a very Positive emotional signals.”
UBS said in a report: “We view the U.S. information technology industry as the most favored sector in U.S. stocks due to its above-average preference for quality and the potential to benefit from bottoming out in end-market demand .”
The figures are all updated before the deadline, please refer to the actual quotation.
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