Investing.com-US stock index futures rose before the market on Monday, and Dow futures rose about 200 points after the curve of new infections in the United States slowed down. According to data from the US Centers for Disease Control and Prevention, the average number of new cases in the seven days as of last Friday (September 10) was about 136,000, down from 157,000 at the end of August. In addition, Pfizer and BioNtech’s vaccines may be authorized for use in children as soon as the end of next month, which also supports the market.
On the previous trading day,, fell 0.78%, fell 0.77%, and fell 0.87%.
As of 20:31 Beijing time (08:31 AM Eastern Time), the US stock market of Investing.com showed that it was up 25.75 points, or about 0.58%, to 4,484.00 points; up 512 points, or about 0.61%, to 34,819.00 points. ; Up 83 points, or about 0.54%, to 15524.50 points.
Apple (NASDAQ:) rose 1.15%. Last Friday, a US judge dismissed part of Epic Games’ allegations of Apple’s monopoly and did not force Apple to relist Epic Games’ popular game Fortnite. Instead, it ruled that Epic Games must pay Apple at least US$4 million. Compensation for it because it violated the contract. In response, Epic Games announced an appeal on Sunday. However, last week the judge also ruled that Apple should not restrict App developers from directing users to third-party payment systems, which caused Apple’s stock price to fall by 3.31% on Friday.
Pfizer Pharmaceuticals (NYSE:) rose 0.39% and BioNTech (NASDAQ:) rose 1.47%. According to reports, Pfizer and BioNTech are expected to obtain sufficient clinical trial data by the end of this month to apply to the U.S. Food and Drug Administration (FDA) for 5 to 11 Emergency Use Authorization (EUA) for New Coronavirus Vaccines for Children of Years Old.
Virgin Galactic (NYSE:) fell 3.06%. Virgin Galactic said on Friday that during preparations for the test flight, a third-party supplier warned that a component of the flight control system may have a manufacturing defect.
ViacomCBS (NASDAQ:) rose 0.78% after reports that ViacomCBS reorganized Paramount Pictures’ film and television division. The reorganization will allow Paramount Television to focus primarily on producing content for its sister cable and streaming media network.
Uber (NYSE:) rose 1.15%, even though the Dutch court ruled that Uber drivers are regular employees.
Kansas Southern Railway (NYSE:) accepts the new acquisition plan of Canadian Pacific Railway. Canadian Pacific’s offer for Kansas Southern Railway is $300 per share, which will be paid in the form of stock and cash. Shares of Kansas Southern Railway closed at $280 last Friday.
Netflix (NASDAQ:) rose 0.55%, Microsoft (NASDAQ:) rose 0.55%, Amazon (NASDAQ:) rose 0.37%, Google (NASDAQ:) rose 0.54%, Facebook (NASDAQ:) rose 1.02%, Twitter (NYSE) 🙂 fell 0.86%.
Tesla (NASDAQ:) rose 0.72%.
China Concept Stocks
China’s Ministry of Industry and Information Technology rectifies blocking URL links
The Ministry of Industry and Information Technology of China held an “Administrative Guidance Meeting on Blocking Web Site Links” last week, requiring major platforms to remove the blocking scope covered in the standard before September 17, or strictly initiate handling measures.
Aluminum Corporation of China (NYSE:) rose 7.12%, the highest level since July 2008.
Fogcore Technology (NYSE:) fell 12.20% to complete the review of the amendment to prohibit heating cigarettes and e-cigarettes. The regulation will resume its second reading in the Legislative Council next month. The Hong Kong government expects to pass the bill before the end of October.
Weilai Automobile (NYSE:) rose 0.63%, Ideal Motors (NASDAQ:) rose 0.83%, and Xiaopeng Motors (NYSE:) rose 0.86%. Mavericks Electric (NASDAQ:) rose 0.07%.
Bilibili (NASDAQ:) fell 1.45%, iQiyi (NASDAQ:) was flat, and Huya (NYSE:) fell 0.7%.
Futu Securities (NASDAQ:) fell 1.35% and Tiger Securities (NASDAQ:) fell 0.70%.
Alibaba (NYSE:) fell 1.76%, JD (NASDAQ:) fell 0.04%, and Pinduoduo (NASDAQ:) fell 0.24%.
Baidu (NASDAQ:) fell 0.40%. Didi (NYSE:) rose 0.23%.
Weibo (NASDAQ:) rose 0.02%. NetEase (NASDAQ:) fell 0.74%.
Although the non-agricultural weakness may make the Fed not rush to announce Taper this month, the Fed’s announcement of Taper within this year is still a high probability event. Cleveland Fed President Meester told the media on Friday, “The August employment report did not change my view. I am very relieved that it will start this year and will gradually shrink in the first half of next year.” Dallas Fed President Kaplan said, Although the US GDP growth rate in the third quarter slowed down due to the intrusion of the epidemic, it still supports the implementation of Taper in October.
As of 20:37 Beijing time (08:37 a.m. EST), the European stock market of Investing.com showed that the European stock market was up collectively. Up by 0.93%, up by 0.79%, up by 0.69%, up by 0.84%.
A measure of the dollar’s trend against a basket of six major currencies rose 0.22% to 92.782.
The Comex price on the New York Mercantile Exchange fell 3.9 US dollars, or about 0.22%, to 1788.20 US dollars per ounce.
London rose 72 cents, or about 0.99%, to $73.64 per barrel. Up 84 cents, or about 1.2%, to 70.56 US dollars per barrel.
After-hours: Oracle (NYSE:).
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Editor: Liu Chuan