Professional agent / agent of daily bills of various banks [QQ / V core: 1379855646] such as car loan, housing loan, employment, visa application, personal salary and enterprise
On Thursday, the three major stock indexes of the United States fluctuated narrowly, and investors paid attention to the Congressional stimulus policy negotiation and digested the latest economic data
As of the close, the Dow fell 80
12 points, or 0
29%, to 27896
72 points, the NASDAQ rose 0
27%, to 11042
50 points, and the S & P 500 index fell 0
20%, to 3373
43 points, setting an all-time high of 3386
15 points
Individual stock performance
Cisco plunged 11
2%
The company's revenue in the second quarter was $12
2 billion, a year-on-year decrease of 9%, and its net profit was $2
636 billion, compared with $2
206 billion in the same period last year
It is expected that the revenue in the third quarter will decline by 9% to 11% year-on-year
Kelly Kramer, Cisco's chief financial officer, announced his resignation
Applied materials released its results after hours
The company's revenue in the second quarter was US $4
4 billion, expected to be US $4
18 billion, and earnings per share were EPS 1
5 $06, expected to be $0
95
The revenue outlook for the third quarter is $4
4-4
8 billion, expected to be $4
38 billion
The company's share price rose by more than 2% after hours
Airline stocks struggled, with American Airlines down 1
8%, United Airlines down 1
6%, Southwest Airlines down 1
5% and Delta Airlines down 1
3%
Tesla closed up 4
2% and returned to the $1600 mark
The company's electric vehicle factory in Texas has officially started construction
The overall performance of technology stocks was good
Among the five giants of faang, apple rose 1
8%, Nai soared 1
2%, Google rose 0
8%, Facebook rose 0
5%, and Amazon fell slightly less than 0
1%
On the news side, Apple will launch a product called & ldquo; as soon as October; Apple One ” When users subscribe to multiple Apple digital services, they can get price concessions
In terms of China concept stocks, iqiyi announced its financial results after hours
Its revenue in the second quarter was RMB 7
4 billion, a year-on-year increase of 4%, and the number of subscription members reached 105 million
The company said that it had been required by the securities and Exchange Commission (SEC) to provide financial records since January 2018
Iqiyi said it had hired consultants to investigate the allegations of Wolfpack, a market research institution, and could not predict the duration and results of the SEC investigation
After hours, the company's share price plunged 19%
Shell landed on the New York Stock Exchange to find a house
The IPO closed up 87
2% on the first day, with a share price of $37
44 and a market value of $42
2 billion
BiliBili rose 2%, Weilai automobile was flat, Alibaba and JD fell 0
6%, baidu fell 1
2%, pinduoduo fell 1
4%, ideal automobile fell 3
2%, and Tencent music fell 3
4%
Stimulus bill negotiations are deadlocked
The number of initial jobless claims last week recorded 963000, falling below 1 million for the first time since March, better than market expectations, according to the labor department
The number of people who continue to apply for unemployment benefits recorded 15
486 million, the second consecutive week of decline and the lowest since April 4, indicating that the recovery of the labor market is recovering
Ryan sweet, head of Moody's monetary policy research, said that the pace of layoffs began to slow down, but the number of people applying for unemployment benefits was still very large
The external concern about the job market and the overall economy was that the government lacked a sense of urgency for a new round of fiscal stimulus
Although the epidemic prevention and control situation is still grim, the outside world seems to be more concerned about the slowdown in the number of new infections
According to the New York Times, there were an average of 53723 new cases a day in the United States in the past week, down 17% from two weeks ago
Fauci, director of the National Institute of allergy and infectious diseases, said that health is the primary consideration for school restart and reiterated the hope that the vaccine can be put into use by the end of this year or early next year, which will reduce the infection rate
The prospect of a new round of stimulus bill remains bleak
House Speaker Pelosi said Thursday that there is no timetable for when the bill will be passed
She rejected Treasury Secretary manuchin's proposal to restart a new round of stimulus negotiations on Wednesday because the White House demanded a reduction in the size of the stimulus and refused to give in on the issue
Trump responded on Thursday that the Democratic Party's demand for campaign funds in the negotiation of the epidemic assistance bill was an obstacle to the negotiation
White House national economic adviser kudelo later said that so far, the rescue negotiations have stalled, and the government will not make major commitments in the stimulus plan, hoping to finally get a more targeted relief bill
At present, the US Congress has entered a holiday until September 8
Many institutions are worried that if the virus infection cases begin to rise again, or the future stimulus plan is disappointing, the capital market will suffer another impact
Chris Harvey, head of equity strategy at Wells Fargo, said there were many signs reminiscent of the crash of the late 1990s
Although this will not happen in the short term, uncertainty will limit the upward space of US stocks in the coming months
Mark haefele, chief investment officer of UBS global wealth management, said that the baseline assumption is that there will be no new national * measures in the United States, and moderate activity restrictions should be enough to control the epidemic
It is expected that from the second quarter of 2021, the vaccine will be officially put into the market
Coupled with expansionary monetary policy and fiscal stimulus, U
S
economic activity is expected to rebound to the level before the pandemic by 2022
Heifer expects the S & P 500 index to reach 3500 points by the end of June 2021
Other market performance
International oil prices fell slightly from a five-month high, and investors are still weighing the prospects of the epidemic and the relationship between supply and demand
As of the closing, the contract of WTI * in recent months was reported at US $42
24/barrel, down 1
01%, and the contract of Brent * in recent months was reported at US $45
00/barrel, down 0
95%
It has increased significantly since the beginning, and it is expected that each company may increase by about 20%
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