Pre-market U.S. stocks: Pfizer was approved to boost market confidence, popular Chinese concept stocks continued their rally
2021-08-24 20:32·Financial Associated Press
From the Financial Associated Press (Shanghai Editor Xia Junxiong),Before the market on Tuesday, the three major futures index rose, and the popular Chinese concept stocks continued to strengthen before the market. The FDA’s full approval of the use of Pfizer’s vaccine has injected a cardiotonic into the market, and stocks sensitive to economic recovery have risen.
Ryan Detrick, chief market strategist at LPL Financial, said that given the recent surge in new cases and disappointing economic data, this is a step in the right direction and will help people who are unwilling to get vaccinated to increase their confidence.
Mike Stritch, Bank of Montreal’s chief investment officer, said that after a round of surge, the market is trying to find its way. Investors want to know what will be the next catalyst to push the market higher, and whether the few risks that currently exist will cause more volatility.
Market dynamics
As of 20:25, S&P 500 index futures rose 0.07%; Dow futures rose 0.08%; Nasdaq 100 index futures rose 0.07%.
On the last trading day, the three major stock indexes rose across the board, boosted by Pfizer’s full FDA approval, and the tourism and energy sectors performed well. As of the close, the Dow Jones index rose 0.61% to 35,335.71 points; the S&P 500 index rose 0.85% to 4,479.54 points; the Nasdaq index rose 1.55% to 14,942.70 points.
Trading in the European market was mixed. As of press time, the UK FTSE 100 index fell 0.40%, the French CAC40 index fell 0.58%, and the German DAX30 index rose 0.13%.
(Source: Yingwei Finance)
Company news
[Samsung Electronics invests 205.6 billion US dollars within three years to expand its influence in semiconductor and other fields]
Samsung Electronics said on Tuesday (August 24) that it will invest 240 trillion won (approximately US$205.64 billion) in the next three years to expand the company’s influence in the fields of biopharmaceuticals, artificial intelligence, semiconductors, telecommunications and robotics. The company hopes to use this investment to consolidate its leading position in the chip field, while seeking more growth opportunities in new areas such as next-generation telecommunications and robotics.
[Musk: The new version of the autopilot system is not very good]
On Monday, Eastern Time, Tesla CEO Musk said on Twitter that the company’s latest experimental version of the Autonomous Driving System (FSD) was “not very good”. Musk also said that the company’s autonomous driving team is optimizing the system at the fastest speed and trying to lay stacks for highways and urban streets, but doing so requires large-scale neural network training.
[Airbnb will provide free housing for 20,000 Afghan refugees]
On Tuesday, Eastern Time, Brian Chesky, chief executive of Airbnb, a shared accommodation platform in the United States, said the company plans to provide free accommodation for 20,000 Afghan refugees around the world. He said on Twitter: “From today, Airbnb will arrange accommodation for 20,000 Afghan refugees worldwide… The displacement of Afghan refugees in the United States and elsewhere is one of the greatest humanitarian crises of our time. We feel obligated to take action.” He also called on other business leaders to do the same on Twitter, “There is no time to waste.”
[Walmart launches local delivery service]
On Tuesday, local time, the American retail giant Wal-Mart announced that it will launch a courier service called GoLocal. Its platform drivers will also deliver deliveries to other merchants. It is expected to start official operations at the end of 2021. The delivery methods will include new self-driving cars and drones. technology.
[BlackRock injects more than US$100 million in Australian charging pile company]
According to media reports, BlackRock’s Real Assets division has injected more than US$100 million into Australia’s Jolt Charge charging pile company. Doug McNAamee, founder and CEO of Jolt Charge, said that the entry of investment institutions will play an important role in the development of charging infrastructure in Australia, which will help the popularization of electric vehicles.
[Intel will provide foundry services to the US Department of Defense]
According to media reports, Intel has reached an agreement with the U.S. Department of Defense. The company will provide foundry services to the U.S. Department of Defense to meet the semiconductor circuit and wafer requirements required by the U.S. Department of Defense.
[Pinduoduo’s revenue of 23.05 billion yuan in the second quarter is lower than expected]
Pinduoduo’s revenue in the second quarter was 23.05 billion yuan, and the market was expected to be 26.438 billion yuan, compared with 12.193 billion yuan in the same period last year; the number of monthly active users in the second quarter was 738.5 million, and the market was expected to be 759.2 million.
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