The U.S. producer price index (PPI) growth rate in October was lower than expected, reflecting signs of cooling U.S. inflation. The U.S. stock index opened higher on Tuesday (15th). However, news of Russian missiles entering Poland caused casualties in late trading , U.S. stocks once turned black, and then rebounded slightly. The four major indexes ended in red.
Dow Jones IndexSlightly rose 56 points, the S & P index closed more than 0.8%,NasdaqThe index rose more than 1.4 percent.With the support of stock gods, TSMC’s ADR surged by more than 10%, leading the wayfee halfThe index rose more than 3%.
In terms of data, the U.S. October producer price index (PPI) annual growth rate fell to 8%, lower than market expectations of 8.3%, lower than September’s 8.4%, and signs of slowing inflation emerged once more.
The market interpreted that the Federal Reserve may slow down the pace of raising interest rates, and Philadelphia Federal Reserve Bank President Patrick Harker also supported this view on Tuesday, hoping that the Fed will slow down the pace of raising interest rates, and the stock market cheered.
According to the Chicago Mercantile Exchange’s (CME) FedWatch tool, traders saw the chances of a 2-point rate increase at the Fed’s December meeting increased to 85.4 percent from 80.6 percent before the data was released.
On the political and economic front, Russia launched its deadliest missile attack on major cities and energy infrastructure across Ukraine on Tuesday. Two people were killed in the massive missile attack, in which some Russian missiles entered eastern NATO member Poland, U.S. intelligence officials said. The Russian Ministry of Defense denied that the missile strikes entered Polish territory, saying the messages were intended as a deliberate provocation to escalate the situation.
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 exceeded 635 million, and the number of deaths has exceeded 6.61 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 Tuesday (15th):
Focus stocks
All the five kings of science and technology went up. apple (AAPL-US) rose 1.19%; Alphabet (GOOGL-US) rose 2.86%; Microsoft (MSFT-US) up 0.17%; Meta (META-US) up 2.50%; Amazon (AMZN-US) up 0.46%.
Dow JonesConstituent stocks have their ups and downs. Walmart (WMT-US) soared 6.54%; Nike (OF THE US) rose 2.22%; Salesforce (CRM-US) rose 2.15%; UnitedHealth (UNH-US) down 2.09%; Traveler (TRV-US) down 1.75%; McDonald’s (MCD-US) fell 1.63%.
fee halfConstituent stocks generally surged. NVIDIA (NVDA-US) rose 2.28%; Applied Materials (AMAT-US) rose 2.65%; Texas Instruments (TXN-US) up 0.073%; Micron (MU-US) rose 2.14%; Intel (INTC-US) rose 1.19%; Qualcomm (QCOM-US) rose 4.32%; AMD (AMD-US) rose 3.86%.
Taiwan stock ADR received more red. TSMC ADR (TSM-US) Soared 10.52%; ASE ADR (ASX-US) rose 3.08%; UMC ADR (UMC-US) rose 4.99%; Chunghwa Telecom ADR (CHT US) fell 0.77%.
Corporate News
The stock god Warren Buffett (Warren Buffett), the hedge fund Tiger Global, Soros Capital Markets and other international capital big names bought TSMC at low prices, and TSMC ADR (TSM-US) soared 10.52% to US$80.46 per share on Tuesday, with a discount rate of 4.15% and a conversion price of 499.90 yuan.
ASML (ASML-US) rose 3.40% to $597.47 per share. ASML will start construction in northern Taiwan in July next year, which will be ASML’s largest investment in Taiwan in history. President Tsai Ing-wen received Schneider, executive vice president and chief operating officer of the Dutch company ASML, on Tuesday, thanking ASML for investing in Taiwan and working with Taiwan’s semiconductor industry to enhance the technical capabilities of global semiconductors.
After the much-anticipated “practice meeting”, the heads of state of the United States and China promised to communicate more frequently.JD-US) soared 7.14%, Alibaba ADR (BABA-US) surged 11.13%.
Tencent Music (TME-US) surged 5.91% to $27.59 per share. Tencent Music’s third-quarter revenue and profit beat Wall Street analysts’ expectations, benefiting from a rise in paying subscribers.
Broadcom (AVGO-US) received a dividend of 2.18% to $524.42 per share. Broadcom’s planned $61 billion acquisition of cloud computing company VMware Inc. has received antitrust approval from the European Union.
General Motors (GM-US) closed 0.75% higher at $40.24 per share. Korean media reported that Samsung SDI is promoting the establishment of a joint venture electric vehicle battery factory with two global automakers, General Motors and Volvo, in the United States.
Economic data
- The annual growth rate of PPI in the United States in October was 8%, expected to be 8.3%, and the previous value of 8.4%
- The U.S. PPI monthly growth rate in October was 0.2%, expected 0.4%, and the previous value was 0.2%
- The annual growth rate of core PPI in the United States in October was 6.7%, expected 7.2%, and the previous value was 7.2%
- US core PPI monthly growth rate in October reported 0%, expected 0.3%, the previous value of 0.2%
Wall Street Analysis
“Economic data validates hopes that inflation is starting to turn around, which will give the market more confidence,” said Robert Pavlik, senior portfolio manager at Dakota Wealth.
“Tuesday’s retreat in U.S. stocks was sparked by reports of a Russian missile landing in Poland, which might turn into something worse, and the market is nervous but not panicked,” said Steve Sosnick, strategist at Interactive Brokers.
The numbers are all updated before the deadline, please refer to the actual quotation