Investors returned from the consecutive Christmas holidays,10-Year U.S. Treasury YieldSoared on Tuesday (27th), technology stocks and consumer discretionary stocks were hit hard, the three major indexes were out of ink, onlyDow JonesThrilling red. The S&P slipped 0.4%,That fingerPlunged more than 1.3%, dragged down by Nvidia,fee halfIt fell nearly 1.8 percent.
Apple’s stock price hit a new closing low since June 2021 due to iPhone supply concerns. Affected by the news of production cuts, Tesla’s stock price plummeted by more than 11%. Weilai Automobile slashed its fourth-quarter delivery forecast, which also hit electric vehicle stocks.
Airline stocks were in the doldrums. After the Christmas holiday was hit by a blizzard, more than 80% of Southwest Airlines’ flight plans were disrupted.
The prospect of Chinese demand pushed up international oil prices, and energy stocks rose firmly. China has recently announced that starting from January 8 next year, it will completely cancel the entry quarantine policy, and will also allow tourists to travel freely abroad. Japan, South Korea and Thailand are currently the most concerned tourist destinations for Chinese tourists, and some countries have begun to increase the number of tourists from China. COVID-19 testing requirements.
After Western countries imposed price caps on Russian crude oil, Russia took countermeasures on Tuesday. Russian President Vladimir Putin signed a presidential decree banning the use of crude oil from those participating in the “price cap” for five months from February 1 next year. The country exports crude oil and refined products.
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 658 million, and the number of deaths has exceeded 6.68 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 (27th):
Focus stocks
All the five kings of science and technology have fallen. apple (AAPL-US) down 1.39%; Alphabet (GOOGL-US) down 2.06%; Microsoft (MSFT-US) down 0.74%; Meta (META-US) down 0.98%; Amazon (AMZN-US) down 2.59%.
Dow JonesMore than half of the constituent stocks received dividends. Verizon Communications (VZ-US) rose 2.19%; Kintor Heavy Industry (CAT-US) rose 1.36%; Chevron (CVX-US) rose 1.26%; Disney (DIS-US) down 1.86%; Goldman Sachs (GS-US) fell 1.02%.
fee halfConstituent stocks are almost completely bloodied. NVIDIA (NVDA-US) plummeted 7.14%; Applied Materials (AMAT-US) fell 1.93%; Texas Instruments (TXN-US) down 0.37%; Micron (MU-US) down 0.36%; Intel (INTC-US) down 0.57%; Qualcomm (QCOM-US) down 1.25%; AMD (AMD-US) down 1.94%.
Only Chunghwa Telecom has the strongest ADR in Taiwan stocks. TSMC ADR (TSM-US) down 0.76%; ASE ADR (ASX-US) fell 1.26%; UMC ADR (UMC-US) fell 1.63%; Chunghwa Telecom ADR (CHT US) up 0.66%.
Corporate News
China has finally stepped out of the dynamic clearing policy, Alibaba (BABA-US), Weibo (WB-US) and other Chinese concept stocks ADRs rose on Tuesday, however, Tesla and Apple fell on Tuesday, indicating that the negative impact of China’s economy has not yet been fully understood.
Due to the surge in new crown diagnoses in China, the risk of supply chain disruption is rapidly increasing, and Apple (AAPL-US) fell 1.4% to $130.03 per share, the lowest since June 2021, becoming theDow Jones Indexgreatest drag.
American electric vehicle manufacturer Tesla (TSLA-US) fell 11.41% to $109.10 per share, and its share price has slashed more than 72% so far this year. Tesla rumored that the production reduction plan of the Shanghai plant from December 24 will be extended to January next year. Foreign media pointed out that the Tesla Shanghai plant will only produce electric vehicles for 17 days in January next year.
NIO (NIO-US) plunged 8.21% to $10.06 per share. Chinese electric car maker NIO slashed its delivery forecast for the fourth quarter of this year, citing the constraints on its supply chain and weak demand from the coronavirus outbreak in major Chinese cities.
Disney (DIS-US) fell 1.86% to $86.37 per share.
Economic data
- The initial monthly rate of U.S. wholesale inventories in November was reported at 1%, expected 0.4%, and the previous value of 0.6%
- The monthly rate of the U.S. house price index in October was reported at 0%, expected – 0.6%, and the previous value was 0.1%
- U.S. December Dallas Fed manufacturing index reported -18.8, expected -16, previous value -14.4
Wall Street Analysis
Analysts are expecting the worst annual performance for U.S. stocks since 2008.Dow Jonesand the S&P have fallen 8.5% and 19.7%, respectively, so far in 2022.That fingerIt is down as much as 33.8% so far.
Truist analyst Keith Lerner judged: “Basically, the trend of U.S. stocks on Tuesday is still a situation where rising U.S. bond yields have frustrated growth stocks, and there is a small-scale stock rotation that is not enough to change the overall situation.”
“Tax loss selling, portfolio rebalancing, and investors’ portfolio positioning for 2023 could also weigh on U.S. stocks,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.
“The Chinese government has made it clear that it is willing to embark on the road to reopening, but investors may be reluctant to place too much hope on the stock market in the short to medium term, possibly until mid-2023,” said Kunal Sawhney, chief executive of Kalkine Group.
The numbers are all updated before the deadline, please refer to the actual quotation