Financial World US Stock News Beijing time on September 4, Beijing time, investors weighed non-agricultural reports and other economic data, while waiting for a speech by Fed officials. US stocks opened up and down, and technology stocks continued to fall to drag down the Nasdaq down, and the Dow Jones Industrial Average rose nearly 200 points; banks and credit services sectors rose, and credit rose more than 9%, and 360 Digital Technology rose 4%; technology stocks fell, and Apple fell 1.47% on Thursday's market value evaporated by US$180 billion.
Dow Jones Industrial Average rose 175.05 points, or 0.62%, to 28467.78 points; the Nasdaq fell 32.13 points, or 0.28%, to 11425.97 points; the S&P 500 rose 8.09 points, or 0.23%, to 3463.15 points.
European stocks rose across the board, with the European Stoke 600 rising 0.5%, thanks to the rise of bank stocks. As of the close, the Shanghai Composite Index fell 0.87%, the Nikkei 225 index fell 1.11%, and the South Korean KOSPI index fell 1.15%.
Oil prices rose slightly, but are expected to decline weekly as markets worry about demand outlook. WTI crude oil futures rose 0.6% to $43.61 per barrel. Brent crude oil futures rose 0.4% to $44.25 per barrel. The
USD index weakened, gold prices rose, and the market is closely monitoring the non-farm employment report. U.S. COMEX gold futures rose 0.1% to $1,940.30 per ounce. The US dollar index rose 0.02% to 92.76.
Apple , Tesla and other large-scale technology stocks continue to sell
Large-scale technology stocks are falling one after another, Apple stock price fell 0.4%, Facebook fell 0.9%, Amazon fell 0.2%, Google fell 0.1%, and Tesla fell 2.1%. Since the official stock split on Monday, the shares of Apple and Tesla have fallen by 3.2% and 8.1% respectively.
On Thursday, the three major U.S. stock indexes plummeted across the board, with the Dow Jones Industrial Average plummeting 807.77 points, the S&P 500 fell 3.5%, and the Nasdaq fell 4.96%. The technology sector recorded its biggest single-day decline since March, reaching 5.83%. Among them, Apple fell by 8%, and Tesla fell by 9.02%. Since bottoming out on March 23, the S&P 500 technology sector has risen by about 70%. As for this year, the technology sector has risen by more than 30%.
The US technology sector large-cap stocks suffered a sell-off, which may only be eliminating some market bubbles, and does not indicate a larger pullback will be launched soon. Investors took profit after a wave of ups, which seemed to be an explanation that the market agreed upon. Demand for downward hedging is strong, good news may come from the US labor market, and long-term performance is expected to grow, both of which show that technology stocks will continue to receive support.
U.S. non-farm employment increased by 1.371 million in August; unemployment rate was 8.4%
U.S. Department of Labor data on Friday showed that non-farm employment increased by 1.37 million in August, including 238,000 temporary census takers. The unemployment rate fell more than expected, down nearly 2 percentage points to 8.4%. Economists surveyed by Bloomberg estimate the median increase of non-farm employment by 1.35 million, with an unemployment rate of 9.8%.
average hourly wages increased by 0.4% from the previous month, which is estimated to be flat, with an increase of 0.1% in the previous month, an increase of 4.7% in the previous month, an increase of 4.7% in the previous month, and an increase of 4.5%.
The number of non-farm employment in the private sector increased by 1.027 million, compared with an increase of 1.481 million in the previous month; an increase of 1.325 million was estimated, and the 30 economists surveyed predicted an increase of 350,000 to an increase of 2.49 million.
Non-farm employment in manufacturing increased by 29,000, compared with an increase of 41,000 in the previous month; an estimated increase of 65,000, and the forecast range of the 21 economists surveyed is 25,000 to 160,000.
The Federal Reserve is about to enter a silence period
From next week until the Fed rate resolution on September 17, Fed officials will enter a silence period and will not make any speeches. Previously, many analysts believed that the Federal Reserve would announce big moves in the interest rate decision in September this year. The Fed previously released its quarterly forecast in June, indicating that it is unlikely to start hikes by the end of 2022. After the Sept. 15-16 meeting, the Federal Reserve will release a set of forecasts extending to the end of 2023.
There are signs of a sharp drop in the US stock market? Executives sold their shares at the fastest pace in five years to cash out
US stock market pulled sharply from its historical high on September 3, with large technology stocks leading the decline. Some previous warnings about prosperity and decline in the market seemed to have become reality.It is worth noting that according to data compiled by data provider Smart Insider for the Financial Times, 1,042 CEOs, chief financial officers and corporate directors of U.S. companies sold $6.7 billion in their own company shares in August, with a sales volume exceeding any month since November 2015 and the largest number since August 2018.
Hong Hao: Leverage + retail investors + serious consensus, resulting in a plunge in US stocks
Hong Hao, managing director of Bank of Communications International, said that the Federal Reserve's monetary policy directly led to market participants' expectations for the ever-rising of US stocks, but it also finally triggered this perpetual motion of stock prices created through option trading. The more important significance of low interest rates is the reflection of the macro environment of low growth, zero growth or even negative growth. Moreover, the volatility correlation of the leading stocks in the market has plummeted, indicating that the market consensus has a high consensus on technology growth stocks, which is enough to trigger a market plunge.
He is optimistic about the performance of value stocks because in the US stock market plunge after March 2000, value stocks performed very well, did not fall, and significantly outperformed growth stocks.
Tianjing Biological once rose 30% before the market, and the two major positive factors pushed
Tianjing Biological once rose by more than 30% before the market. According to media reports, biopharmaceutical company AbbVie reached a $2.9 billion cancer therapy deal with China's Tianjing Bio. Tianjing Bio raised US$418 million through a non-public allotment led by Hillhouse Capital.
Trefis analyst: Alibaba's stock has grown by 70% since March, and there is still room for growth in the future
On September 3, a research team composed of engineers and Wall Street analysts from MIT and Trefis published an article in Forbes. They noticed the recent performance of Alibaba in the capital market and pointed out that since the low point in March this year, the share price of Alibaba has increased by nearly 70%. We believe that the stock price of Alibaba still has huge room for growth. Analysts believe that digital media and innovative businesses may be new highlights, and Alibaba is also in a more favorable position in exploring the new consumption potential of the Chinese market.
NIO said production capacity will increase to 5,000 vehicles in September, and Credit Suisse raised its target price to $25 to set a new high on Wall Street
Credit Suisse raised its target price of $NIO (NIO.US) to $25 from $17.5, setting a new high on Wall Street. Analysts pointed out that NIO said its production capacity will increase to 5,000 units in September, and the number of new orders in August will exceed 5,000 units to hit a record high. The analyst believes that the high volume of new orders is due to some strong initial demand before adjusting the lifelong free battery replacement policy. NIO fell by more than 4% before the market.
号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号 Tesla President responded: Fake news
According to media reports, Tesla Greater China President responded to the news that the Model 3 price cut again on Friday: Fake news.
According to certified electric vehicle bloggers, netizens said in a group chat that Tesla will be priced on Friday, with the long-range version being 270,000 yuan, and the four-wheel drive version and high-performance version being 340,000 yuan and 380,000 yuan respectively. In addition, the domestic Model 3 is replaced with a lithium iron phosphate battery version, and its starting price is as low as 230,000 yuan. It is reported that the current cheapest domestic Model 3, the price after subsidy is 291,800 yuan.
