Russia-Uzbekistan war escalates, the three major investment banks sing in unison, Dow Jones closes more than 480 points black | Anue tycoon

The economic data raised concerns about the Federal Reserve (Fed) hawks raising interest rates, the three major investment banks slammed the U.S. stocks in unison, the Russian oil price cap took effect, and the Russian air base was attacked by Ukraine. ) fell sadly, U.S. bond yields soared, technology stocks “air force” appeared, oil prices fell sharply, and energy stocks were in distress.

Salesforce led the decline,Dow JonesIt closed more than 480 points black on Monday. The S&P fell nearly 1.8%, closing below 4,000 for the first time in nearly a week.That fingerPlunging nearly 2 percent, the biggest drop since Nov. 9.fee halfThe index slipped 1.2 percent, extending its decline for a third session.

In terms of data, the model of “good news for the economy is bad news for asset prices” returned. The ISM non-manufacturing index in the US in November reported 56.5, beating expectations of 53.1. Factory orders in the US rose 1% month-on-month in October, also exceeding the expected 0.7%. The economic overheating data means that the Fed will further tighten policy.

In terms of politics and economy, Wall Street Journal (WSJ) reporter Nick Timiraos, who is recognized by the market as the Fed’s megaphone, reiterated the Fed’s long-term view of maintaining high interest rates.

Bank of America, Morgan Stanley and Deutsche Bank all sang short on U.S. stocks. Bank of America believes that the liquidity crisis brought by the Federal Reserve will cause the S&P to plummet by more than 20% in the next few months. Morgan Stanley and Deutsche Bank pointed out , lower corporate earnings outlook and a U.S. recession could spark a sharp sell-off in U.S. stocks.

The war between Russia and Ukraine has escalated. The Russian Ministry of Defense issued a statement on Monday that two air bases in the central part of the country were attacked by Ukrainian drones. The Russian side successfully intercepted the drones, but the debris caused by the explosion has now damaged two Russian military aircraft and killed four Injured and at least 3 dead.

On the same day, Russia launched a large-scale missile attack on Ukraine, and 60 of the 70 missiles were intercepted. This attack caused a power outage in 40% of the Kyiv area.

In addition, the European Union, the G7 and Australia jointly set a ceiling on the price of Russian oil at $60 a barrel. Military action.

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 645 million, and the number of deaths has exceeded 6.64 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.

China’s anti-epidemic measures that have been closed to zero have caused public grievances. Some cities in China have announced some anti-epidemic measures last week. Foreign media also reported that China may announce 10 new anti-epidemic measures on Wednesday, and it may be as early as January next year. The new crown virus management level has been downgraded from Class A infectious disease to Class B infectious disease.

The performance of the four major US stock indexes on Monday (5th):
All 11 S&P sectors fell, led by consumer discretionary, energy and financials. (Image: finviz)
Focus stocks

The five kings of science and technology are collectively weak. apple (AAPL-US) down 0.80%; Alphabet (GOOGL-US) down 0.96%; Microsoft (MSFT-US) down 1.89%; Meta (META-US) down 0.86%; Amazon (AMZN-US) down 3.31%.

Dow JonesAmong the constituent stocks, only Boeing stands out. Salesforce (CRM-US) plummeted 7.35%; Disney (DIS-US) down 3.52%; Verizon Communications (VZ-US) fell 2.91%; JPMorgan Chase (JPM-US) fell 2.8%; Boeing (BA-US) rose 1.22%.

fee halfConstituent stocks generally received black. NVIDIA (NVDA-US) down 1.58%; Applied Materials (AMAT-US) down 0.26%; Texas Instruments (TXN-US) down 0.15%; Micron (MU-US) down 1.17%; Intel (INTC-US) down 0.82%; Qualcomm (QCOM-US) down 1.88%; AMD (AMD-US) fell 1.81%.

The ADRs of Taiwan stocks were up and down. TSMC ADR (TSM-US) up 0.15%; ASE ADR (ASX-US) down 0.74%; UMC ADR (UMC-US) down 0.54%; Chunghwa Telecom ADR (CHT US) up 0.44%.

Corporate News

apple (AAPL-US) fell 0.80% to $146.63 per share. Foreign media reported that Apple plans to transfer part of the iPad production to India. Discussions between Apple and the Indian government are still ongoing and there is no specific plan yet. If successful, it will expand Apple’s footprint in India.

Tesla (TSLA-US) plunged 6.37% to $182.45 per share. Tesla reported plans to cut Model Y production at the Shanghai Gigafactory, reflecting weak demand. Tesla China responded that this is false news.

Tesla denies rumors of a 20% reduction in production at the Shanghai plant (Photo: AFP)
Tesla denies rumors of a 20% reduction in production at the Shanghai plant (Photo: AFP)

microsoft (MSFT-US) fell 1.89% to $250.20 per share. Microsoft has confirmed to Polygon that it will increase the pricing of new Xbox One games in 2023, from $59.99 previously to $69.99, which Microsoft says is to reflect the content, scale and technical complexity of those games.

Social media platform Pinterest (PINS-US) fell 3.74% to $23.93 per share. Pinterest confirmed on Monday that it will slow down its hiring for the rest of the year and cut headcount on some of its recruiting teams.

It is rumored that Crown Prince Mohammed bin Salman of Saudi Arabia may take a stake in the investment banking business that Credit Suisse plans to spin off. Credit Suisse (CS-US) edged down 1.18% to $3.34 per share.

Economic data
  • The monthly growth rate of U.S. durable goods orders in October was revised to 1.1%, the previous value was 1%
  • U.S. factory orders rose 1% month-on-month in October, expected to be 0.7%, and the previous value was 0.3%
  • U.S. November ISM non-manufacturing index reported 56.5, expected 53.1, previous value 54.4
Wall Street Analysis

“Obviously, for stocks to go higher, a lot depends on whether inflation can be contained, so when any economic data beats expectations, it tends to raise inflation concerns,” said Peter Essele, head of portfolio management at Commonwealth Financial Network. That pushes up bond yields.”

Monday’s ISM non-manufacturing data unexpectedly improved, suggesting the economy remains on a long-term sustainable path, with Comerica Bank chief economist Bill Adams predicting the Fed will have to slow the economy in 2023, Interest rates will rise more than expected.

The numbers are all updated before the deadline, please refer to the actual quotation

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.