On Thursday, Eastern Time, the three major U.S. stock indexes opened lower and moved higher, rising across the board. The Nasdaq rebounded more than 6% from the intraday low. As of the close, the Dow rose 92.07 points to close at 33223.83 points, or 0.28%; the Nasdaq rose 436.09 points , to close at 13473.58 points, or 3.34%; the S&P 500 rose 63.20 points to close at 4288.70 points, or 1.50%.
On the disk, technology stocks collectively strengthened,semiconductorSector top gainers, AMD (AMD)、Netflix、Nvidiarose more than 6%,Microsoftrose more than 5%,Tesla、Intel、Meta Platforms、AmazonUp more than 4%, Google closed up 4%,Asmar、Qualcommrose nearly 4%,Appleup more than 1%;BankStocks fell collectively,Barclaysfell more than 7%,Citigroupfell more than 4%,JPMorgan、Bank of America、TD Bank、FuGuo bankBoth fell more than 2%.
Global economy
Putin decides to conduct special military operation, the whole territory of Ukraine enters a state of war
On the 24th local time, Putin said in an emergency televised speech on the situation in Ukraine that he had decided to conduct a special military operation in the Donbas region. Putin said that Russia has no plan to “aggress” Ukraine and that Russia is committed to de-escalating the situation in Ukraine.
International oil prices exceeded 100 US dollars!Global energy and chemical stocks soar and these assets will benefit
Since the low point on December 2 last year, at the time of the press release on February 24, the largest gains of Brent and WTI crude oil futures both exceeded 50%.Insufficient international crude oil production capacity, insufficient supply and demand have become the biggest concern in the market, and geopolitical risks have further pushed up the internationaloil price。
US stock focus
Is the Fed’s rate hike path likely to change?
With media reports escalating the threat of a possible Russian invasion of Ukraine, economists said the prospect of a Fed rate hike after March could become less clear.That’s because tensions have pushed up oil andgasolineprices, while oil and gasoline are major consumer products for many Americans, and about 70% of the U.S. economy is driven by consumption (U.S.GDPthe largest contribution item).
Commodity markets have never been so tight in 15 years!Goldman Sachs: ‘Super surge’ conditions are in place
Global commodity markets may now be at a stage where they have not been so nervous in 15 years. At Wednesday’s close, the 23 energy, raw materials and crop futures that make up the Bloomberg Commodity Index were about 6% higher than one-year forward contracts, a premium to the end of any month in at least 15 years. rate is higher.
How many rate hikes can the U.S. economy withstand?
As of February 22, the federalfundinterest rateFutures Implied December 2022 Implied Policyinterest rateIt has reached 1.56%, indicating that the market expects the Fed to raise interest rates 5-6 times in 2022. However, we believe that the U.S. economic recovery will weaken in 2022, and the repeated epidemics, supply chain and labor supply and demand mismatch issues will continue to disrupt the pace of recovery of potential economic output.
US stock companies
Tesla CEO Elon Musk said he was happy
TeslaCEO Musk said he was pleased that the Justice Department was investigating short sellers, which Musk has long been unhappy with. At the same time, Musk mocked the SEC’s inaction, saying “(investigating short-selling agencies) this is what the SEC should do, but strangely, the SEC didn’t do it.”
Apple has finalized design Foxconn to start trial production of iPhone 14 Pro
Foxconn will produce high-end models of the iPhone 14, reports sayAppleanother supplier ofLuxshare PrecisionTwo entry-level models will be produced.The report states that Foxconn will begin trial production of the iPhone 14 Pro to ensure the device canApplestandard production in preparation for mass production later this year.
Goldman Sachs: Hedge Fund Rotation Allocations Sharply Cuts Tech Stocks
according toGoldman SachsU.S. hedge funds continue to trim their positions in tech stocks and are more inclined to allocate to cheap stocks starting in 2022 than at any time in more than a decade, according to the group’s data.
Exxon Mobil (XOM.US) sheds about 9,000 employees in 2021, will cut costs further this year
Exxon Mobil(XOM.US) said on Wednesday that the company cut its global workforce by about 9,000 last year as part of a sizable cost-cutting plan after the coronavirus pandemic battered global energy demand and prices.
After the market value plummeted by 230 billion, Zuckerberg took out the technology at the bottom of the box
After the market value evaporated by 230 billion US dollars overnight, Zuckerberg began to use “AI black technology” to save his worth! Just at 1 am Beijing time today, Zuckerberg specially held an event called “AI in the Metaverse”, which specially announced Meta’s technical layout in the field of AI. This is also Zuckerberg’s first talk in 2022. And Meta will focus on areas such as voice translation, AI creation, and voice assistants.
(Article Source:Eastern FortuneResearch center)