On Tuesday (April 5), Eastern Time, the three major U.S. stock indexes closed down collectively, with technology stocks leading the decline, and the Nasdaq falling 2.26%. Federal Reserve officials have released hawkish signals one after another, and Western countries have once again increased sanctions on Russia, which has put pressure on the market.
Fed Governor Brainard said lowering inflation is now a “critical” task. And said the Fed may rapidly shrink its balance sheet as soon as May, and will continue to tighten policy “methodically”.
Kansas City Fed President George says there is no doubt that easing needs to be lifted nowcurrencyPolicy support, and “a one-time rate hike of 50 basis points is an option that must be considered.” Federal Reserve official Daly also said that we can start reducing the balance sheet as soon as the May meeting, and the Fed is committed to fulfilling its responsibility to reduce inflation.
Moody“Ultimately, the economy is going to slow, and the stock market will reflect that,” said Mark Zandi, chief economist at the analyst firm. “So I expect U.S. stocks to have a rough few months and it will eventually adjust to what the Fed is doing. and what will be done in the future.”
Co-CIO and Chief, Truistmarketing strategy“The market is on the defensive today, with commodity-related sectors outperforming the broader market and tech stocks underperforming as the market reacts to high prices,” said Keith Lerner.interest rate‘s concerns. There are concerns about the U.S. economy and the Fed’s ability to push for a soft landing. “
In terms of the Russia-Ukraine conflict, Western countries have continuously expelled Russian diplomats on a large scale and will launch a new round of sanctions against Russia. The United States will announce new sanctions against Russia on Wednesday in coordination with the G7 and European Union countries, a U.S. administration official said. The new sanctions package would ban all new investments in Russia, increase sanctions on Russian financial institutions and state-owned enterprises, and sanction Russian government officials and their family members.
Earlier, European Commission President von der Leyen said on social media that the Commission had proposed a fifth set of sanctions against Russia. Von der Leyen said the set of sanctions, divided into six areas, would deal a serious blow to Russia.
“The market is in a state of flux, investors are waiting for the Fed minutes tomorrow, and next week is earnings season,” said global market strategists at Ameriprise Financial. What matters is what the outlook is.”
Market dynamics
As of the close, the Dow Jones index closed down 0.8% at 34,641.18 points;NasdaqThe index fell 2.26% to 14204.17; the S&P 500 fell 1.26% to 4525.12.
US stock industryETFGenerally closed down, led by the Internet stock index ETF falling more than 2.5%, consumer discretionary ETF falling more than 2.3%, technology industry ETF falling more than 2.1%, global technology index ETF falling nearly 2.0%, energy industry ETF and biotechnology index ETF fell more than 1.5%, the regionBankETFs fell 1.4%,BankThe industry ETF and the global aviation ETF fell at least 1.1%, while the medical ETF rose more than 0.2%.UtilitiesThe ETF rose more than 0.6%.
Most of the 11 sectors of the S&P 500 closed down, the consumer discretionary sector fell more than 2.3%, the information technology sector fell about 2.2%, the energy sector fell more than 1.5%, the industrial and communications sector fell about 1.4%, and the materials and financial sectors also fell. At least fell more than 0.7%, the health care sector rose less than 0.2%,UtilitiesThe increase was less than 0.7%.
Top stock performance
Technology stocks are among the top losers,Nvidia、Asmarfell more than 5%,Netflixdown 2.90%,Amazondown 2.55%,Appledown 1.89%,Google-Adown 1.67%,MicrosoftDown 1.30%, Meta fell 0.88%.TwitterIt closed up more than 2 percent, far less than Monday’s 27 percent gain.
Popular Chinese concept stocks generally fell,NasdaqThe Golden Dragon China index fell more than 4.6%.Dididown 11.67%,Know almostdown 7.12%,Bilibilidown 6.31%,NetEase Youdaodown 6.12%,Baidudown 5.97%,Alibabadown 5.53%,bettadown 4.27%,IQIYIdown 3.94%,Jingdongdown 3.78%,NetEasedown 1.95%,Weibofell 1.34%.
All the new car-making forces have fallen,NIOdown 5.79%,ideal cardown 3.00%,Xiaopeng Motorsfell 6.34%.
Company news
[MuskwasappointedtojoinTwitterThe “major improvement” of the board of directors leads the market to infinite reverie]
social media tuesdayTwitterSubmitted to the United StatessecuritiesThe company will appoint Elon Musk to the company’s board of directors, according to an 8-K filing with the Exchange Commission (SEC).Musk will serve as a second category director for Twitter until 2024, documents sayshareholderThe annual meeting has expired. While serving on the board, Musk cannot own more than 14.9% of the shares. Twitter CEO Parag Agrawal tweeted, “I’m delighted to tell you that we are appointing Musk to our board! It’s been clear to us from our conversations with Musk in recent weeks that he will bring a lot to our board. Great value.” Twitter shares opened up more than 9%, narrowing gains to 2% at the close.
[Wanttocompetewith”StarChain”!AmazonSigned 83 launch agreements with 3 rocket companies]
AmazonThe largest rocket launch purchase agreement in commercial aerospace history was announced on Tuesday, local time, with three companies, including Blue Origin, making up to 83 launches to send thousands of Kuiper satellites into low-Earth orbit. high speed for the worldinternet service, and wants to compete with the “Starlink” of Elon Musk’s SpaceX.The e-commerce giant hasBoeingUnited Launch Alliance (ULA), a joint venture with Lockheed Martin, signed for 38 launchescontract, with Europe’s Arianespace for 18 launches and Blue Origin for 12 launches. Blue Origin, owned by Amazon founder Jeff Bezos, also has the option of up to 15 additional launches.
【AppleAnnouncing that the annual Global Developers Conference will be held online]
AppleThe company announced on Tuesday local time that the Worldwide Developers Conference (WWDC) will be held from June 6 to June 10. Due to the impact of the epidemic, like the past two events, this year’s WWDC will be online. way to hold. As usual, Apple will hold a launch event on the first day of the conference, where new software is expected to be released, including iOS 16, iPadOS 16, macOS 13, tvOS 16, and watchOS 9. It’s also possible that we’ll see new hardware at WWDC, Like the new Apple Mac Pro, the upgraded MacBook Air, and more.
【Carnival Cruise Lines Reports “Busiest Booking Week in Company History”】
Carnival Cruise Line said the week of March 28 was its busiest booking week on record, with a double-digit increase from the previous record seven-day total. Twenty-two of Carnival’s 23 cruise ships have resumed operations after the global cruise industry was suspended due to the COVID-19 pandemic. Shares in the company closed up 2.4%.
The following is a summary of important information on the global market:
overnight news
Fed Governor Brainard: Reducing inflation is crucial
White House: US, EU to announce new sanctions against Russia on 6th
European Commission proposes fifth round of sanctions against Russia
Biden Signs Affordable Care Act Expansion Bill
World Bank cuts Asia-Pacific growth forecast to 5%
Overview of the outer disk
The three major U.S. stock indexes collectively closed lower, with technology stocks among the top losers
Major European stock indexes were mixed; France’s CAC 40 fell more than 1%
Popular Chinese concept stocks generally closed down, Dingdong Maicai surged nearly 46% against the trend
U.S. tech stocks generally fall as Musk joins Twitter board
(Article source: Financial Associated Press)