2023-10-27 21:27:52
The major U.S. stock indexes closed mixed on Friday (27th).Dow JonesAfter falling more than 360 points, the S&P closed nearly 0.5% lower and fell below 4,130 points. It fell more than 10% from the high on July 31 and fell into the correction zone. Chevron led the decline in energy stocks to suppress market sentiment, JPMorgan Chase plunged due to the sale of CEO Dimon’s shares, Intel’s profits exceeded expectations, and technology stocks bucked the trend and rose.
Looking at it in a week,Dow Jonesand the S&P fell 2.1% and 2.5% respectively this week. Dragged down by sharp declines in Meta and Alphabet,that fingerIt fell 2.6% on the week, falling for three consecutive weeks.
Data showed that it was unlikely to persuade the Federal Reserve to cut interest rates anytime soon. Core personal consumption expenditures (PCE), the inflation measure favored by the Fed, excluding energy and food prices, increased by 3.7% year-on-year in September, in line with market expectations and the highest level in 2021. lowest since May.
Looking ahead, next week will be a busy week for investors. The Federal Reserve will hold a two-day policy meeting on October 31 and November 1. It is widely expected that the Federal Reserve will maintain the funds rate at 5.25%-5.5% range. At the same time, a series of high-profile corporate financial reports and economic data will be released, including Apple (AAPL-US) will release its latest earnings report following the market close next Thursday.
On the geopolitical front, the White House said that U.S. President Joe Biden met with China’s top diplomat Wang Yi on Friday. Biden emphasized that the United States and China “need to responsibly manage competition in their relationship and maintain open channels of communication.”
Israel and Hamas are in constant conflict. The United Nations General Assembly approved a non-binding resolution calling for a ceasefire to end hostilities as Israeli forces expanded their ground incursion into Gaza. U.S. troops stationed in the Middle East have been frequently attacked by pro-Iranian militia groups. The U.S. military confirmed on Friday that it had carried out air strikes on two facilities in Syria in an attempt to warn Iran-backed armed groups not to target U.S. troops once more.
Performance of the four major U.S. stock indexes on Friday (27th): U.S. stocksDow Jones IndexIt fell 366.71 points, or 1.12%, to close at 32,417.59 points.
NasdaqThe index rose 47.41 points, or 0.38%, to close at 12,643.01 points.
S&P 500 IndexIt fell 19.86 points, or 0.48%, to close at 4,117.37 points.
Philadelphia SemiconductorThe index rose 38.67 points, or 1.21%, to close at 3,227.09 points. Eight of the 11 major S&P sectors ended in the black, with energy and financials leading the decline, and technology stocks rising the most. (Image: finviz) Focus Stocks
Among the five technology kings, Amazon led the way. Alphabet (GOOGL-US) fell 0.09%; Meta (META-US) rose 2.91%; Apple (AAPL-US) rose 0.80%; Microsoft (MSFT-US) rose 0.59%; Amazon (AMZN-US) rose 6.83%.
Dow JonesMore than half of the constituent stocks ended lower. Chevron (CVX-US) fell 6.72%; JPMorgan Chase (JPM-US) fell 3.6%; Amgen (AMGN-US) fell 3.02%; Verizon Communications (VZ-US) fell 2.99%; Merck (MRK-US) fell 2.59%.
half feeComponent stocks led the gains with Intel. Intel (INTC-US) surged 9.29%; Qualcomm (QCOM-US) rose 0.80%; Huida (NVDA-US) rose 0.43%; Micron (MU-US) rose 1.74%; Applied Materials (AMAT-US) rose 0.35%; AMD (AMD-US) rose 2.95%; TI (TXN-US) fell 0.62%.
Taiwan stocks ADR closed in the red. TSMC ADR (TSM-US) fell 1.67%; ASE ADR (ASX-US) rose 1.08%; UMC ADR (UMC-US) fell 0.70%; Chunghwa Telecom ADR (CHT-US) fell 0.22%.
Corporate News
Amazon (AMZN-US) surged 6.83% to $127.74 per share following Amazon reported third-quarter results that exceeded expectations due to continued stable growth in its cloud business and substantial growth in growth.
Intel (INTC-US) surged 9.29% to $35.54 per share, its best single-day performance in more than 2 years. Intel issued a better-than-expected financial forecast for this quarter, as there were signs that demand for personal computers has bottomed out, and its third-quarter profit significantly exceeded analysts’ expectations.
Ford (F-US) plunged 12.25% to $9.96 per share. Ford withdrew its full-year forecast amid uncertainty over the pending approval of the UAW deal.
Oil giant Exxon Mobil (XOM-US) closed 1.91% lower at $105.55 per share. Exxon Mobil’s third-quarter profit was $9.1 billion. The company’s stock price fell 2.3%. It was down regarding 54% from the record profit in the same period last year, but it rose from the previous quarter as oil prices recovered.
JPMorgan (JPM-US) fell 3.60% to $135.69 per share. JPMorgan Chase & Co. said its Chief Executive Officer Jamie Dimon will sell some of his bank stock holdings in 2024 to achieve financial diversification and tax planning.
Oil giant Chevron (CVX-US) plunged 6.72% to $144.35 per share. The oil giant reported a fall in third-quarter profits despite rising oil prices, days following it agreed to acquire smaller U.S. rival Hess for $53 billion.HES-US)。
Economic data: The annual PCE growth rate in the United States in September was 3.4%, which was expected to be 3.4%, and the previous value was 3.4%. The annual PCE growth rate in the United States in September was 0.4%, and it was expected to be 0.3%, and the previous value was 0.4%. The annual core PCE growth rate in the United States in September was 3.7%. %, expected 3.7%, the previous value was 3.8%. The U.S. core PCE monthly growth rate in September was 0.3%, expected 0.3%, the previous value was 0.1%. The final value of the U.S. University of Michigan consumer confidence index in October was 63.8, expected 63, the previous value 68.1 Wall Street Analysis
Mark Hackett, head of investment research at Nationwide, said: “The sharp sell-off in the market has been driven primarily by technical factors, as fundamentals remain solid. This is appropriate considering that the strong rebound since October has also been largely technical. Oversold conditions and support Signs of sexual seasonality should lead to a rebound, although sentiment needs to shift, which may require a catalyst.”
The figures are all updated before the deadline, please refer to the actual quotation.
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