Russian President Vladimir Putin on Wednesday (23rd) asked “unfriendly” countries to pay for Russian natural gas in rubles. The energy conflict crisis has escalated, oil prices have risen sharply, and concerns regarding inflation dragging the global economy have resurfaced, and Fed officials have released hawkish remarks one following another. , U.S. bond yields soared to 2019 highs and then fell, financial stocks led the decline, and the S&P closed 1.23% in the black, falling below the 200-day moving average.
In political and economic news, several Fed officials joined the ranks of Cleveland Fed Bank President Loretta Mester following Fed Chairman Powell strongly suggested on Monday that a 2-yard rate hike was likely at the May meeting. Mester) on Wednesday expressed support for a sharp rate hike in the first half of the year, which may need to rise to 2 yards. San Francisco Federal Reserve Bank President Mary Daly also said the Fed would increase by 2 if needed.
The energy conflict escalated on Wednesday as Russian President Vladimir Putin asked “unfriendly” countries to pay for Russian gas in rubles as Western sanctions mounted. At the same time, U.S.-Russian relations fell to a freezing point. The Russian Foreign Ministry released a list of unpopular U.S. diplomats and announced the expulsion of U.S. diplomats in Russia. The U.S. State Department statement pointed out that the U.S. government officially assessed the Russian military for committing war crimes in Ukraine.
U.S. President Biden’s trip to Europe on Wednesday will begin in Brussels, Belgium, for an emergency summit of the North Atlantic Treaty Organization (NATO), followed by a meeting of the Group of Seven (G7) and the European Council. , It is expected that during this period, the United States and European allies will announce a new wave of sanctions once morest Russia. In addition, the United States and Western allies are reportedly evaluating whether to kick Russia out of the Group of 20 (G20).
Before the deadline, according to data from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 474 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. Because the Omicron subvariant BA.2 is very infectious, experts predict that the epidemic in Europe and the United States will soon make a comeback.
The performance of the four major U.S. stock indexes on Wednesday (23rd):
Focus stocks
The five kings of technology are only Apple. Apple (AAPL-US) rose 0.82%; Meta (formerly Facebook) (FB-US) fell 1.47%; Alphabet (GOOGL-US) fell 1.14 percent; Amazon (AMZN-US) fell 0.90%; Microsoft (MSFT-US) fell 1.50%.
Dow JonesAlmost all of the constituent stocks fell. The Home Depot (HD-US) fell 3.85%; Salesforce (CRM-US) fell 3.25%; Cisco (CSCO-US) fell 3.01 percent; American Express (AXP-US) fell 2.78%; Chevron (CVX-US) rose 1.08%.
half feeAll constituent stocks are exhausted. Micron (MU-US) fell 4.39 percent; Nvidia (NVDA-US) fell 3.36 percent; Applied Materials (AMAT-US) fell 3.00%; Qualcomm (QCOM-US) fell 3.01 percent; Intel (INTC-US) fell 0.25%; AMD (AMD-US) fell 0.75%.
Taiwan stocks ADR fell together. TSMC ADR (TSM-US) fell 1.57%; ASE ADR (ASX-US) fell 2.93%; UMC ADR (UMC-US) fell 3.48%; Chunghwa Telecom ADR (CHT US) fell 0.84%.
Corporate News
Apple (AAPL-US) edged up 0.82 percent to $170.21 a share. Wedbush Securities analyst Dan Ives pointed out that global demand for the iPhone 13 is strong, and as the product cycle lengthens, it bodes well for the release of the iPhone 14. In addition, it is rumored that Apple has purchased the British fintech startup Credit Kudos, representing Apple’s continued efforts in the field of innovative finance. This transaction was completed earlier this week.
Tesla (TSLA-US) hit an intraday high of 1,040.70 and ended the day up 0.52% at $999.11 a share. Musk recently tweeted that the third installment of Tesla’s Master Plan is expected to allow the company’s production scale to “extreme size”, and with the opening of the Berlin Gigafactory, Tesla will First-quarter deliveries were released around April 2, and Wall Street was optimistic that Tesla would deliver regarding 322,000 electric vehicles, up from 306,000 in the fourth quarter of 2022.
Nvidia (NVDA-US) fell 3.36 percent to $256.34 a share. Intel (INTC-US) volatile to close 0.25% to $48.27 per share. Nvidia CEO Jen-Hsun Huang said in an interview on Wednesday that he was interested in negotiating foundry cooperation with Intel, but added that foundry discussions would take a long time because it was regarding integrating the supply chain.
The buying of meme stocks returned, and the chairman of GameStop increased his holding of 100,000 shares of GameStop once more, and his shareholding increased to 11.9%. GameStop (GME-US) surged 14.50% to $141.00 a share on Wednesday. Market funds are also chasing other meme stocks, the world’s leading cinema chain AMC Entertainment (AMC-US) surged 13.58% to $20.74 per share.
Streaming video equipment factory Roku (YEAR-US) opened higher and lower, and ended down 0.16% at $125.34 per share. Some investment institutions believe that the company will benefit from Apple’s privacy policy. DA Davidson analyst Tom Forte believes that following Apple’s privacy policy adjustment, the Roku platform is very suitable for helping digital advertisers collect effective data.
Adobe (ADBE-US) fell 9.34 percent to $422.90 per share. The first quarter of fiscal 2022 was announced following the bell on Tuesday, with revenue rising 9% annually to $4.26 billion, a new quarterly high, and earnings per share of $2.66, slightly lower than market expectations of $2.67, but the company’s second The quarterly earnings forecast fell short of market expectations. The Barclays analysis pointed out that due to the impact on business in regions such as Ukraine and Russia, price adjustments will be made in the second quarter, and Adobe will eventually reduce its recurring revenue forecast.
Toyota ADR (TM-US) rose 1.71 percent to $175.78 a share.Toyota, a major Japanese automaker, plans to implement a scale of 100 billionJapanese YenTreasury stock measures, repurchase up to 0.58% of the shares.
Economic data
- The annualized total of new home sales in the United States in February was 772,000, expected to be 810,000, and the previous value of 788,000
Wall Street Analysis
“The market is still struggling to find its footing, and it’s hard to gauge how higher rates will affect inflation, the economy and corporate earnings, and on top of that, there’s an oil price war,” said Jack Ablin, chief investment officer at Cresset Capital.
Jeff Klingelhofer, co-head of investment management at Thornburg, said: “Wall Street sees Powell shaken, and if there is another high inflation data, the market will have to price in the possibility of a 50 basis point rate hike, or even a rate hike between meetings. sex, and a Fed that really fears runaway inflation.”
Lisa Erickson, senior vice president and head of traditional investing at Bank of America Wealth Management, said the year was off to a rough start, and investors will see the natural ups and downs of the stock market as they digest all the news.
“The U.S. stock market took a breather on Wednesday, but it does show that the stock market has the ability to keep going higher,” said Jeff Kilburg, chief investment officer at Sanctuary Wealth.
(The figures are updated before the deadline, please refer to the actual quotation)
