Due to the rebound of travel and energy stocks, the three major U.S. stock indexes soared at the opening and rose again before the close. The closing prices of the S&P 500 and Nasdaq both set record highs. The Dow Jones index closed up 0.78% and the Nasdaq index closed up. 0.78%, the S&P 500 index closed up 0.6%. Before the market, the US Department of Labor announced that the number of initial jobless claims last week was 385,000, a decrease of 14,000 from the previous month. The number of continued jobless claims has also fallen below 3 million for the first time since the new crown pandemic, recording 2.93 million. The U.S. Bureau of Labor Statistics will release the July employment situation report that has attracted much attention from the market on Friday. Dow Jones estimates that the growth will be 845,000. The 10-year U.S. Treasury yield rose by 4 basis points to 1.225% at the end of the session, and the panic index VIX closed down 3.84%.
The oil and gas, consumer services and finance sectors led the stock index gains. Apple closed up 0.07%, Amazon closed up 0.63%, and Tesla closed up 0.52%. The semiconductor sector was mixed. UMC closed up 5.48%, Xilinx closed up 4.39%, Cree Technology closed up 2.52%, Qualcomm closed down 0.94%, ON Semiconductor closed down 1.86%, and AMD closed down 5.41%.
Popular Chinese concept stocks were mixed, with Alibaba down 0.71%, Pinduoduo down 0.6% and JD.com down 0.92%. In terms of the three outstanding new energy vehicles, Weilai rose 1.13%, Xiaopeng closed down 2.35%, ideally down 4.1%.
The top ten turnover is still dominated by S&P, Nasdaq, Russell ETF, and Apple, Amazon, Tesla and other large market capitalizations. AMDās fiscal year 21 Q2 performance doubled year-on-year during Thursdayās change, and the turnover ranked second. Fell 5.41%. Vaccine concept stock Modena entered the top three in terms of turnover, rising 6% at one time. Revenue and net profit in the second quarter were higher than expected. However, the US stock market turned down at midday, stopped two consecutive gains and fell from yesterdayās record high, closing down 0.67% , An increase of nearly 300% during the year. SQ announced the acquisition of Australiaās Afterpay for US$29 billion. The transaction volume was enlarged, and the transaction volume entered the top eight, closing up 5.78%. Robinhood (HOOD.US) was sold off by major shareholders and fell into the top ten in turnover, closing down 27.59%.
Second, the pulse
Popular Chinese concept stocks were mixed.
[Education stocks generally rose]Good Future closed up 4.04%, New Oriental closed up 1.9%, Gaotu closed up 0.91%.
[New stocks in China]Didi fell 4.01%, Pupu Culture rose 2.75%, Daily Fresh Food fell 1.54%, and Dingdong Maicai fell 0.05%.
[Other popular terms]The e-commerce sector generally fell. Alibaba fell 0.71%, Pinduoduo fell 0.6%, and JD.com fell 0.92%. Futu fell 0.68%, Moxian continued to fall nearly 10%, Zhihu fell 0.1%. The three new energy companies went up and down mixed, with Weilai up 1.13%, Xiaopeng closed down 2.35%, ideally down 4.1%. Daquan Energy fell 2.02%, and its subsidiary Xinjiang Daquan Energy has been listed on the Science and Technology Innovation Board. JinkoSolar fell 0.41%, and the e-cigarette concept stock Fogcore Technology closed up 0.87%.
Three, direct attack
[WSB]WSB concept stocks generally closed up, Newegg rose 22.4%, AMC rose 12.3%, American Airlines rose 7.51%, GME rose 4.52%, Wish rose 3.85%, and RBLX fell 1.32%.
ćTransaction stocksć
The blockchain sector opened low and moved high, Bit Digital (BTBT.US) closed up 21.04%
Meilian Education (METX.US) closed up 14.79% and will launch adult overseas higher education services this fall
MVIS.US (MVIS.US) closed up 12.6%, with better results in the second quarter
WSB popular concept stocks rose, AMC Cinemas (AMC.US) closed up 12.3%
The 3D printing sector rose intraday, Stratasys (SSYS.US) closed up more than 11%
Cruise stocks generally rose, Carnival Cruise Line (CCL.US) closed up more than 7%
Uber (UBER.US) adjusted its EBITDA loss of US$509 million, exceeding expectations. It fell more than 3% in early trading and closed up 3.01%.
Wanchun Pharmaceutical (BYSI.US) closed up 1.2%, and closed up nearly 200% yesterday
Some anti-epidemic concept stocks rose, Novavax Pharmaceuticals (NVAX.US) closed up 5.54%
Robinhood (HOOD.US) fell over 27.5% after being sold by major shareholders, and closed up over 50% yesterday
Roku (ROKU.US) closed down 4.01%, Q2 user viewing time dropped
Elite Education (ONE.US) closed down nearly 21% after receiving a warning letter from the NYSE
Fastly (FSLY.US) closed down more than 10%, Q3 and full-year results guidance was lower than expected
Fourth, market outlook
1. Macro
[The 10-year U.S. Treasury yield rebounded from a six-month low, and Bitcoin returned to above $40,000]
The 10-year U.S. Treasury yield once rose by 4 basis points to 1.225% at the end of the market. Bitcoin, the largest cryptocurrency by market capitalization, maintained a gain of more than 3% after the U.S. stock market, standing above the $40,000 mark, and the panic index VIX closed down. 3.84%. The US job market is still a key window to understand the economic outlook. The latest report shows that ADP employment data is significantly weaker than expected, but the US service industry has seen a record expansion. The number of initial jobless claims announced on Thursday shows that the job market continues to improve, and now investorsā focus has turned to Fridayās non-agricultural employment data. Although the July U.S. employment report released on Friday is regarded as highly uncertain, it is crucial for Fed policymakers to decide when to start reducing support for the economy.
[Fed Kashkari said 7 million to 9 million unemployed people show that the labor market is still in a deep hole]
Minneapolis Federal Reserve Chairman Neel Kashkari said that I am optimistic that there should be a strong labor market in the fall, but the problem now can be said to be the delta variant virus. The number of new cases in Delta has soared, frustrating all of us. He downplayed the recent surge in consumer prices, but said that as the economy reopens, the mismatch between supply and demand may take some time to resolve. Most of the high inflation we see occurs in several industries. My expectation is that as the economy returns to a more normal level, most of these temporary price spikes will stabilize. I have not seen evidence of these high inflation data. It is transforming into expectations of long-term high inflation.
[The number of people applying for unemployment benefits for the first time in the United States in the week of July 31st was 385,000, expected to be 383,000, and the previous value was 400,000.]
This is the second consecutive week of decline in the number of first applicants in the United States, indicating that the US labor market has improved. Economists predict that the data will continue to decline in the next few months, but the spread of the new crown variant virus poses risks to economic recovery. American policymakers have already begun to take measures to implement a new round of epidemic control.
[BoE members voted 7:1 to maintain interest rates and government bond purchase targets unchanged]
The Monetary Policy Committee of the Bank of England unanimously voted to keep the interest rate unchanged at 0.1% and maintain the bond purchase target unchanged with a 7-1 vote. Sanders opposes maintaining the bond purchase target unchanged, and advocates lowering the target to 8300. Billion pounds.
2. Industry
ćNew Energy Vehiclesć
The new energy vehicle sector went up and down mixed. Tesla closed up 0.52%, Weilai rose 1.13%, Xiaopeng closed down 2.35%, ideally down 4.1%.
3. Company
[Modena: Candidate booster can produce a āstrongā immune response to variants]
The multinational pharmaceutical and biotechnology company Modena announced in its financial report on Thursday (August 5) that the effectiveness of the new crown vaccine it developed and produced was still 93% six months after the second injection. The company also emphasized that in the second phase of human trials, its three candidate enhancements can produce ārobustā antibody responses against mutant strains such as Delta. After Modena announced its results, it shot up and fell back, down 0.67%.
[Qualcomm announced a bid for the autonomous driving company Veoneer for US$4.6 billion]
Qualcomm announced plans to acquire Veoneer, a self-driving technology company, for US$4.6 billion. The statement stated that the cash in hand will be used to complete the transaction, and the tender offer does not require shareholder approval. Qualcomm CEO Cristiano Amon said that with the continuous transformation of the automotive industry, it is becoming more and more important for automakers to jointly develop horizontal platforms with partners to promote innovation and promote competition. After the news came out, Veoneerās stock price rose nearly 30%.
[American automaker: Biden plans to account for 50% of total new car sales in 2030 with zero-emission vehicle sales]
The White House and General Motors, Ford Motor and Stellattis issued a joint statement stating that Biden will sign an executive order on Thursday, setting the goal of zero-emission vehicle sales to account for 50% of total new vehicle sales by 2030, and proposes new Vehicle emission regulations are required to reduce pollution by 2026. American automakers warned that this would require billions of dollars in government funding. Bidenās zero-emission vehicles in this goal include battery electric vehicles, fuel cell vehicles and plug-in hybrid vehicles with gasoline engines.
[Amazon, Google and other technology companies have agreed to join the US governmentās anti-ransomware campaign]
Several technology companies, including Amazon, Google, and Microsoft, have agreed to join the US governmentās efforts to combat ransomware because cyber attacks have become a common threat to US companies. According to media reports, Crowdstrike, Palo Alto Networks, FireEye, Amazon Web Services, Google, Microsoft, AT&T, Verizon and Lumen have all agreed to cooperate with the Cyber āāSecurity and Infrastructure Security Agency (CISA) and launch new programs.
[Ford offers voluntary resignation incentives and hopes to cut 1,000 U.S. jobs]
Ford Motor Company confirmed on Thursday that the company hopes to cut 1,000 U.S. jobs and provide incentives for white-collar workers in certain departments to voluntarily leave. Ford said, āThis move is to further match the focus of the business with the key skills required by the automotive business.ā
[Virgin Galactic: The next round of rocket launch to space is expected in September]
Virgin Galactic has a loss of US$0.39 per share in Q2 of 2021. The market expects a loss of US$0.31, compared with a loss of US$0.3 in the same period last year. The company is resuming the sale of āticketsā for space travel, starting at US$450,000 per seat; the next round of rocket launches to space is expected in September.
[Beyond Meatās second quarter loss per share of US$0.31 fell more than 7% after the market]
Beyond Meatās second-quarter net revenue was US$149.4 million, analysts expected US$140.6 million; a loss per share of US$0.31, the market expected a loss of US$0.18, and a loss of US$0.16 in the same period last year. Beyond Meatās US stocks fell more than 7% after the market.
[Amazon postpones the date of returning to the office until January next year and does not require employees to be vaccinated]
E-commerce giant Amazon confirmed on Thursday (August 5) that employees in offices in the United States and other regions will return to the office on January 3, 2022. Previously, the start of Amazonās plan to resume work was September 7 this year, which was postponed by nearly 4 months. However, unlike other companies, Amazon still does not force its employees to be vaccinated.
[Teslaās current chairmanās term is approaching Musk or will take over the banner again]
According to media reports, Teslaās current chairman Robyn Denholmās term is approaching, and Musk may re-take the post of Tesla chairman. According to Teslaās latest filing with the U.S. Securities and Exchange Commission (SEC), Robyn Denholm sold 31,250 Tesla shares for more than $22 million. The media speculated that Denholm may no longer serve as chairman of the board, which may be one of the reasons why Denholm sold shares.
[BYD may supply āblade batteriesā to Tesla]
The reporter learned from a number of people familiar with the matter that BYD is about to supply Tesla with āblade batteriesā in the second quarter of next year. The Tesla models currently equipped with āblade batteriesā have entered the C-sample test phase. In this regard, BYD said it ādoes not comment.ā
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