The data showed that the U.S. economy continued to be strong, but as investors bought technology stocks at low prices, Tesla led the gains in consumer discretionary stocks, and the main U.S. stock index closed in red on Monday (27th).Dow Jones Industrial Averagerose slightly by more than 70 points,Nasdaq Composite IndexGo as high as 0.6%,S&P 500 IndexInched up more than 0.3%,Philadelphia SemiconductorThe index closed in red by more than 0.5%, and TSMC’s ADR fell by nearly 1%.
On the political and economic front, Federal Reserve Governor Philip Jefferson said on Monday: “Recent data suggest that wage growth has indeed begun to slow over the past year…but I have long believed that current inflation Probably longer than people expect, and I have no illusions that getting inflation back to 2 percent will be easy.” Fed officials estimated in December that they would achieve that goal by 2025.
The Canadian government announced on Monday that it will ban all Canadian government mobile devices from using the Chinese short video sharing application TikTok from March 1, determining that the program poses an unacceptable level of risk to privacy and security.
The Ad Hoc Committee on Strategic Competition between the United States and the Chinese Communist Party will hold its first hearing on Tuesday. The chairman of the committee, Mike Gallagher, said on Monday that China is using TikTok to expand its influence around the world and that TikTok should be banned or sold in the United States.
United Nations Secretary-General Antonio Guterres on Monday accused Russia of the world’s largest human rights violation. The UN General Assembly voted overwhelmingly last week to call for a “Russian withdrawal” and a lasting peace in Ukraine.
EU Executive Commission President van der Leyen and British Prime Minister Sunak reached a new agreement on Monday to resolve trade disputes in Northern Ireland following Brexit, agreeing to end the uncertainty caused by the original Northern Ireland agreement with the new “Windsor Framework”.
The global new crown pneumonia (COVID-19) 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 675 million, and the number of deaths has exceeded 6.87 million.
On Monday (27th), the performance of the four major US stock indexes:
- US stocksDow Jones IndexIt gained 72.17 points, or 0.22%, to close at 32,889.09.
- NasdaqThe index rose 72.04 points, or 0.63%, to close at 11,466.98.
- S&P 500 IndexIt gained 12.2 points, or 0.31%, to close at 3,982.24.
- Philadelphia SemiconductorThe index rose 16.09 points, or 0.55%, to close at 2,951.21.
Focus stocks
The five kings of science and technology generally received red. apple (AAPL-US) rose 0.82%; Alphabet (GOOGL-US) up 0.83%; Microsoft (MSFT-US) up 0.38%; Meta (META-US) down 0.50%; Amazon (AMZN-US) up 0.28%.
Dow JonesConstituent stocks have their ups and downs. Kintor Heavy Industries (CAT-US) rose 1.61%; Boeing (BA-US) rose 1.17%; JPMorgan Chase (JPM-US) rose 0.87%; Walgreens Boots (WBA-US) down 1.15%; Wal-Mart (WMT-US) fell 0.72%.
fee halfComponent stocks were mixed. NVIDIA (NVDA-US) up 0.92%; AMD (AMD-US) up 0.87%; Applied Materials (AMAT-US) up 0.68%; Texas Instruments (TXN-US) up 0.95%; Intel (INTC-US) down 0.95%; Qualcomm (QCOM-US) down 0.74%; Micron (MU-US) fell 0.48%.
Among Taiwan ADR stocks, UMC performed best. TSMC ADR (TSM-US) down 0.92%; ASE ADR (ASX-US) flat; UMC ADR (UMC-US) up 0.37%; Chunghwa Telecom ADR (CHT US) fell 0.34%.
Corporate News
apple (AAPL-US) rose 0.82% to $147.92 per share. TF International Securities analyst Ming-Chi Kuo pointed out on Monday that once the Apple iPhone SE 4 starts to use Apple’s self-developed 5G chip, Qualcomm’s Apple orders will decline significantly in the foreseeable future. In addition, the Russian Federal Antimonopoly Service (FAS) announced that Apple has paid an antitrust fine of 900 million rubles to Russian regulators.
Tesla (TSLA-US) soared nearly 5.5% to $207.63 per share, with a market value of $650.602 billion, helping CEO Musk regain the throne of the world’s richest man. Model Y production at Tesla’s Berlin Gigafactory reached 4,000 a week, doubling since October last year. Tesla paused the rollout of its Full Self-Driving (FSD) beta feature on Monday to gain more time to work on software issues.
Ideal Auto ADR (LI-US) inched up 0.30 percent to $23.30 a share.Li Auto announced on Monday that revenue in the fourth quarter of 2022 will reach 17.65 billion yuanRMBwith a net profit of 270 million yuanRMBIt is expected that the delivery volume in the first quarter of this year will reach 52,000-55,000 vehicles, an increase of 73% over the same period last year.
Hon Hai’s electric vehicle partner Fisker (FSR-US) soared 30.28% to US$7.40 per share, the best single-day performance in the past two years. Fisker still expects to produce and ship 42,000 vehicles in 2023 and also expects earnings before interest, taxes, depreciation, and amortization (Ebitda) to be positive this year.
Broadcom (AVGO-US) received a dividend of 1.33% to $585.45 per share. EU antitrust regulators will warn U.S. chip maker Broadcom that its planned $61 billion acquisition of cloud computing company VMWare might harm competition, sources familiar with the matter said.
American pharmaceutical giant Pfizer (PFE-US) slipped 2.32% to $40.78 per share. Seagen (SGEN-US) soared 10.40% to $178.16 per share. The news pointed out that Pfizer is negotiating to acquire Seagen, a biotechnology company. Currently, the negotiations are still in the early stages, and an agreement may not necessarily be reached. There are many obstacles to overcome.
Economic data
- The monthly growth rate of durable goods orders in the United States in January was -4.5%, which was estimated at -4%, and the previous value was 5.1%.
- The monthly growth rate of core durable goods orders in the United States in January was reported at 0.7%, estimated at 0.1%, and the previous value of -0.4%.
Wall Street Analysis
A number of overall U.S. economic data have been strong, and the market seems to be disillusioned with the Federal Reserve’s hopes of cutting interest rates this year, expanding bets on the terminal interest rate above 5%.
Chris Larkin, head of trading and investing at E-Trade, said: “The rebound in January doesn’t mean stock market volatility is gone for good. The Consumer Expenditure (PCE) data effectively bears this out.”
James Rutherford, director of European stocks at Federated Hermes, said: “Last week, some data spooked investors, and U.S. bond yields rose once more, but on Monday, all this was actually forgotten. People have become a little numb to raising interest rates, and understand that terminal interest rates It may be higher than expected, and the market is not focused on next month’s inflation data, but the next six months, nine months, or even 12 months.”
The numbers are all updated before the deadline, please refer to the actual quotation
