US stocks continued their strong momentum in the New Year on Tuesday (4th), and major indexes continued to record highs at the opening. Before the deadline, the Dow Jones Industrial Average rose more than 200 points, or 0.6%, and the S&P 500 index also rose nearly 0.4%. Both reached new highs. The Nasdaq Composite Index fluctuated in flat trading, and the Philadelphia Semiconductor Index rose 0.6%. Ford (F-US) The opening rose by more than 5%, the company announced to increase the annual production capacity of electric pickup trucks.
In terms of the epidemic, as Omicron continues to spread, data from Johns Hopkins University shows that the number of newly diagnosed cases in the United States on Monday (3rd) exceeded 1 million, setting a global single-day record. However, some believe that this data may be amplified due to the delay in holiday data.
Travel stocks rebounded at the opening. Before the deadline, Carnival (CCL-US) Rose 4%, Norwegian Cruise Line (NCLH-US) Rose 2%, American Airlines (AAL-US) Also rose nearly 3%.
Following Monday’s surge, the 10-year U.S. Treasury yield climbed to 1.675% on Tuesday.DollarbyJapanese YenDepreciation support, rising for 2 consecutive days, and once stood at a 1-week high.
China announced that the Caixin manufacturing PMI in December returned to the expansion range and was better than expected, regaining market confidence in global economic output. Later, the United States will relay the latest ISM manufacturing PMI and the November JOLTs job vacancy report, OPEC + A meeting will also be held to determine future production increase plans.
The market predicts that due to supply chain bottlenecks that restrict factory output, the ISM manufacturing PMI of the United States in December is estimated to decline slightly to 60, and the number of job vacancies is expected to continue to climb to a new high.
“The Wall Street Journal” earlier quoted people familiar with the matter as saying that OPEC+ may increase the scale of production increase in February by another 400,000 barrels per day because of bets that Omicron will not have much impact on demand. At the time of writing, both oil distribution futures and WTI futures rose more than 1%.
In terms of individual stocks, Apple, which performed strongly yesterday (AAPL-US), a small increase of 0.2% at the opening on Tuesday, Apple’s intraday market value broke through 3 trillion yesterdayDollar, Sitting on the global market value leader; Tesla, which rose sharply yesterday due to its bright delivery data, fell 0.7% after the opening.
Sea(SE-US) Affected by news of major shareholder Tencent’s reduction of holdings, the opening fell more than 7%; Ford Motor (F-US) Announced that it will double the annual production capacity of the electric pickup truck F150 Lightning and increase it by more than 5%.
As of 22:00 on Tuesday (4th) Taipei time:
- The Dow Jones Industrial Average rose by 217.36 points, or 0.59%, to 36802.42 points temporarily
- The Nasdaq Composite Index rose 4.91 points, or 0.03%, to 15837.71 points temporarily
- The S&P 500 Index rose 18.44 points, or 0.38%, to 4815.00 points temporarily
- Fees and a half rose by 25.14 points or 0.62%, temporarily at 4,052.36 points
- TSMC ADR rose 2.81% to 132.42 per share Dollar
- 10-year U.S. Treasury yield rises to 1.675%
- New York light crude oil rose 1.06% to 76.89 per barrel Dollar
- Brent crude oil rose 1.16% to 79.90 per barrel Dollar
- Gold rose 0.51% to 1,809.30 per ounce Dollar
- DollarThe index rose to 96.335
Spotlight stocks:
Under Armour(UAA-US) Rose 3.25% in early trading to 21.93 Dollar。
Baird upgraded UA’s stock rating from “neutral” to “outperform”, optimistic that UA’s profits will benefit from the cyclical recovery.
Ford (F-US) Rose 5.51% in early trading to 22.97 Dollar。
Ford started accepting orders for the all-electric pickup truck F150 Lightning this week. It is expected to begin delivery in the first half of this year and announced that it will double its annual production capacity to 150,000 vehicles. Due to the overwhelming response, the company previously limited the pre-sale of F150 Lightning to 200,000 units.
Toyota (TM-US) Rose 3.75% in early trading to 193.28 Dollar。
Toyota Motor is expected to release 2021 U.S. vehicle delivery data on Tuesday. The market is optimistic that Toyota will defeat General Motors for the first time since 1931 (GM-US), becoming the largest auto seller in the United States. Data show that in the first three quarters of last year, Toyota Motor sold 1.86 million vehicles in the United States, higher than GM’s 1.78 million.
Today’s key economic data:
- 23:00 Taipei time announced the US December ISM manufacturing PMI, expected to be 60.2, previous value 61.1
- 23:00 Taipei time announced the vacancies for JOLTs in the United States in November, the previous value was 11.033 million
Wall Street analysis:
Heather Wald, vice president of Investment Advisors, said that from an investment perspective, this year is expected to be more challenging. Few markets have achieved double-digit returns for three consecutive years like the period from 2019 to 2021. If the value is reasonable, as the Fed accelerates its tightening policy, it is expected that the return on the S&P 500 index will be more conservative next year, but compared to other liquid assets, stocks are still attractive.
Insightneo Financial Group Chief Information Officer Ahmed Riesgo said that there may be internal rotation in the stock market this year. Stocks that performed very well last year may underperform the market this year and drag the market down, but most stocks will rise. Riesgo also predicts that next year’s S&P 500 index return will fall in the single digits.