On the first trading day of 2022, investors continued to measure the impact of Omicron variants, inflation, and the outlook for central bank policy. US stocks opened on Monday (1st). Before the deadline, the Dow Jones Industrial Average rose more than 140 points or 0.4%, the Nasdaq Composite Index rose 0.9%, the S&P 500 Index rose nearly 0.6%, and the Philadelphia Semiconductor Index rose 1.77%. Tesla (TSLA-US) The outstanding delivery performance drove the stock price to soar by nearly 10%, and the electric car stocks also rose at the opening.
Even though preliminary research shows that Omicron is not dangerous, White House Chief Medical Adviser Anthony Fauci still warns that the large number of confirmed cases may lead to a surge in hospitalizations, which in turn will put tremendous pressure on the medical system. CDC data shows that as of December 25, Omicron accounted for approximately 58.6% of confirmed cases in the United States.
In the face of Omicron threats and delays caused by weather, FlightAware data shows that more than 4,000 flights have been cancelled on Sunday (2nd) worldwide, and airlines have cancelled more than 16,000 flights in the past 10 days.
In addition to the news of the epidemic, the minutes of the December meeting of the Federal Open Market Committee (FOMC) will be announced in the first week of 2022, and investors will weigh the Fed’s interest rate hike plan. Most analysts expect the Fed to raise interest rates as early as March to stabilize rising prices.
Before the deadline, the 10-year U.S. Treasury yield rose to 1.588%.DollarWith a small increase, the price of gold fell by more than 1%.
Large technology stocks generally rose before the market. PayPal(PYPL-US) After being upgraded to “Outperform” by BMO, the opening rose 1.7%. Apple (AAPL-US), Amazon (AMZN-US), Microsoft (MSFT-US) And so on, rose slightly.
Due to Q4 delivery data set new highs and better than expected, Tesla (TSLA-US) Soared 10% and led Lucid Group (LCID-US)、Rivian(RIVN-US) Waiting for the rise of electric vehicle stocks, the outstanding delivery volume of China’s three new car-making powers has also boosted the stock price. Before the deadline, Weilai (NIO-US) Up 4.8%, ideal (LI-US) Rose 3.8%, Xiaopeng (XPEV-US) Rose 1.9%.
As of Monday (1st) 22 o’clock Taipei time:
- The Dow Jones Industrial Average rose 140.41 points, or 0.39%, to 36,478.71 points temporarily
- The Nasdaq Composite Index rose by 141.96 points, or 0.90%, to 15784.33 points temporarily
- The S&P 500 Index rose 28.33 points, or 0.59%, to 4794.51 points temporarily
- Fees rose by 69.81 points or 1.77%, temporarily at 4015.59 points
- TSMC ADR rose 5.27% to 126.65 per share Dollar
- 10-year U.S. Treasury yield rose to 1.588%
- New York light crude oil fell 1.08% to 74.40 per barrel Dollar
- Brent crude oil fell 0.82% to 77.14 per barrel Dollar
- Gold fell 1.13% to 1807.90 per ounce Dollar
- DollarThe index rose to 95.92
Spotlight stocks:
Tesla (TSLA-US) Rose 9.91% in early trading to 1161.48 Dollar。
Tesla announced that Q4 delivered 308,600 electric vehicles, an annual increase of 70% and a quarterly increase of 30%, which was better than market expectations and continued to record highs.
McDonald’s (MCD-US) Rose 0.44% in early trading to 269.27 Dollar。
Investment bank Piper Sandler upgraded McDonald’s stock rating from “Neutral” to “Overweight” and set the target price from 232 DollarUp to 282 Dollar, Said it is confident in McDonald’s Drive Speed’s ability to meet customer preferences, coupled with the growth in demand for its burger and chicken meals.
Wei Lai (NIO-US) Rose 4.77% in early trading to 33.19 Dollar。
The new car manufacturers in China announced today that they have achieved good results in December vehicle delivery data. Among them, Weilai delivered 10,489 vehicles, an annual increase of 50%, ideal delivery reached 14,087 vehicles, an annual increase of 130%, and Xiaopeng delivered 16,000 vehicles. An annual increase of 181%.
After the market opens on Monday, ideal (LI-US) Rose 3.77% to 33.31 Dollar, Xiaopeng (XPEV-US) Rose 1.89% to 51.28 Dollar。
Today’s key economic data:
- 22:45 Taipei time announced the final value of the Markit manufacturing PMI in the United States in December, expected to be 57.7, previous value 57.8
- At 23:00 Taipei time, the monthly growth rate of construction expenditure in the United States in November is announced, which is expected to be 0.7%, and the previous value is 0.2%
Wall Street analysis:
Esty Dwek, chief investment officer of FlowBank, believes that the three major problems of Omicron, inflation and supply chain, and Fed still exist. 20%.
Goldman Sachs analyst David Kostin believes that factors related to corporate profits and valuation will determine the performance of the S&P 500 index and its constituent stocks this year. He predicts that the S&P 500 will rise by about 7% to 5100 points by the end of 2022.
From a profit point of view, Kostin believes that slowing economic growth will limit sales growth of many companies, and stocks with high labor costs or risks of salary inflation may underperform.