[Pre-market performance]
Tonghuashun (300033) US stock News As of press time, the Dow Jones Industrial Average futures , mainly blue chip stock , fell 1.27%; the S&P 500 index futures fell 1.41%; the Nasdaq 100 index futures, mainly technology stock , fell 1.54%.
Popular Chinese stocks listed in the United States fell before the market trading.
European stock markets fell sharply. As of press time, German DAX index fell 2.46%; French CAC40 index fell 2.16%; and FTSE 100 index fell 2.22%.
In terms of commodity foreign exchange, as of press time, Brent crude oil fell 3.11% to US$87.65 per barrel.
[Financial News]
Bank of the United States Bull and bear indicators return to the "maximum bear" level
Bank of the United States: Bull and bear indicators return to the "maximum bear" level, which is the worst level of investor sentiment since global financial crisis .
Biden will announce $1.5 billion to fight the U.S. opioid crisis
According to White House , US President Biden will announce on Friday that it will provide nearly $1.5 billion to fund the treatment of opioid overdose, sanction drug dealers, and increase law enforcement funds.
[Company News]
Ericsson : It has stopped exporting hardware to Russia. The service is only software support.
Ericsson said on Friday that since the Russian-Ukrainian conflict, it has only provided software and technical support to Russian customers and has not sold any telecommunications equipment to mobile operators there. Earlier, Swedish media reported that the company is still continuing to export products to Russia.
LG Energy Solutions signed lithium and cobalt procurement agreements with three Canadian miners including Snow Lake
South Korean battery manufacturer LG Energy Solutions said it has signed lithium and cobalt procurement agreements with three Canadian mining companies to strengthen its key battery materials supply chain in North America.
Eli Lilly oral lung cancer drug Retevmo has been authorized by FDA
Eli Lilly recently announced that the FDA has officially approved its oral lung cancer drug Retevmo to be launched.
Faraday Future says "false accusations" delay financing, flagship electric SUV production encountered cold again
Faraday Future said on Thursday that the "false accusations" affected the company's financing efforts, and the startup is preparing to start producing its FF 91 flagship luxury electric car .
US Securities and Exchange Commission: Boeing will pay $200 million in settlement due to misleading statements on 737 MAX
US Securities and Exchange Commission 22 announced on the 522nd that Boeing and its former CEO Dennis Millenberg will pay $200 million and $1 million in settlement respectively due to misleading investors after two air crashes on Boeing 737 MAX aircraft.
[Analyst Rating]
3M: Jeferies lowered its target price from $145 to $128, citing that supply chain and input cost issues have not shown signs of relief, and foreign exchange resistance may be greater.
Accenture : Cowen lowered its target price from $325 to $295 to reflect a decline in earnings per share and a lower market valuation.
FedEx : Credit Suisse cut its target price from $246 to $236, saying that poor execution and major macro headwinds remain the main risks the company faces.
