The outbreak of the epidemic in China may pose a new threat to the global economy. Market sentiment has deteriorated. U.S. bond yields climbed on Wednesday (28th). The index is all closed in the black,Dow JonesClosed down more than 365 points, S&P,That fingerwithfee halfIt fell more than 1 percent.
After TrendForce lowered its iPhone 14 series shipments in 2022, Apple fell by more than 3% on Wednesday, hitting an 18-month low. Its market value has evaporated by about $1 trillion this year.
With the title of “Goddess of Stocks” and the founder of Ark Investment (ARK), Wood continued to buy on dips. Tesla rebounded from its 52-week low, ending a sell-off wave that lasted seven trading days.
A major outbreak in China could weigh on oil demand, sending energy stocks weaker. As North America has recently been hit by winter storms, aviation stocks have continued to slump.
The Federal Reserve’s tightening policy is affecting the real estate market. The latest data released by the National Association of Realtors (NAR) on Wednesday showed that pending home sales in the United States fell by 4% in November, far below market expectations of -0.8%. 6 months down.
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.
After China relaxed the epidemic prevention measures, the epidemic broke out rapidly, and global concerns about the spread of the virus intensified. The United States announced on Wednesday that tourists arriving by air from China must submit a negative test certificate for the new crown virus, effective at 12:01 am EST on January 5.
On Wednesday (28th), the performance of the four major US stock indexes:
Focus stocks
All the five kings of science and technology have fallen. apple (AAPL-US) down 3.07%; Alphabet (GOOGL-US) down 1.57%; Microsoft (MSFT-US) down 1.03%; Meta (META-US) down 1.08%; Amazon (AMZN-US) fell 1.47%.
Dow JonesAmong the constituent stocks, only JPMorgan Chase received dividends. Disney (DIS-US) down 2.55%; Dow Chemical (DOW-US) down 2.34%; Nike (OF THE US) fell 2.19%; Walgreens United Boots (WBA-US) fell 1.91%; JPMorgan Chase (JPM-US) up 0.55%.
fee halfThe constituent stocks are poured into one piece. NVIDIA (NVDA-US) down 0.60%; Applied Materials (AMAT-US) fell 1.17%; Texas Instruments (TXN-US) down 1.58%; Micron (MU-US) down 1.80%; Intel (INTC-US) down 1.54%; Qualcomm (QCOM-US) down 2.27%; AMD (AMD-US) fell 1.11%.
ADRs of Taiwan stocks closed black collectively. TSMC ADR (TSM-US) down 1.70%; ASE ADR (ASX-US) fell 1.60%; UMC ADR (UMC-US) fell 2.11%; Chunghwa Telecom ADR (CHT US) down 0.76%.
Corporate News
The research firm TrendForce released a report on Wednesday, pointing out that due to the adjustment of China’s epidemic prevention policy and factors such as the proximity of the Lunar New Year, the shortage of workers in China may increase. It is estimated that Apple’s iPhone shipments in the first quarter of 2023 will be further reduced. to 47 million units, a 22% decline compared to the same period last year.
apple (AAPL-US) fell 3.1% to $126.04 per share, the lowest closing price in 18 months, and its market value has evaporated by $1 trillion this year to around $2 trillion. Apple has fallen 14.9% this month and is on track for its worst monthly performance since its 18.4% plunge in November 2018.
Ark Investment flagship fund ARK Innovation ETF (ARKK-US) bought 25,147 shares of Tesla on Tuesday, worth about $2.7 million, Tesla (TSLA-US) rose 3.31 percent to $112.71 a share, snapping a seven-session sell-off.
Wedbush analyst Dan Ives believes that Tesla is in a “perfect storm” and everyone is guessing when the stock price will bottom. Investment bank Baird lowered Tesla’s target price from $316 to $252 per share, but maintained an “outperform” rating on the stock.
Southwest Airlines (LUV-US) fell 5.16% to $32.19 per share. According to data from flight tracking website FlightAware, Southwest Airlines canceled flights on Tuesday, accounting for more than 50% of all US domestic flight cancellations and causing more passengers to be stranded.
Economic data
- The monthly rate of the U.S. November seasonally adjusted existing home sales index was -4%, expected -0.8%, and the previous value was -4.6%
- U.S. December Richmond Fed manufacturing index reported 1, expected – 10, previous value – 9
Wall Street Analysis
Greg Bassuk, CEO of AXS Investments, said: “December is usually a strong month for the stock market, and there will be a rebound in the week after Christmas, but this year there is no Christmas market, but “ghosts” appeared in front of investors in December this year. “
“Mixed economic data, greater fears of a resurgence of the virus, and ongoing geopolitical tensions, all of which are also influencing Fed policy, are holding back a Christmas rally at the end of the year,” Bassuk said.
Louis Navellier, founder and chief investment officer of Navellier & Associates, commented: “With low trading volume and no Christmas market since the beginning of the week, the market seems to be exhausted and no longer expects the stock market to rise sharply.”
The numbers are all updated before the deadline, please refer to the actual quotation