On the evening of the 19th, Beijing time, US stocks opened lower on Monday, and the stock index continued the downward trend last week. Before the Fed's monetary policy meeting, the market generally expected the agency to raise interest rates sharply and feared that its aggressive tightening policies would trigger a recession. U.S. Treasury yields soared, with 10-year U.S. Treasury yields breaking through 3.5% to a 11-year high.
Dow Jones fell 244.76 points, or 0.79%, to 30,577.66 points; the Nasdaq fell 106.25 points, or 0.93%, to 11,342.15 points; the S&P 500 fell 33.63 points, or 0.87%, to 3,839.70 points.
U.S. Treasury yields continue to rise across the board. On Monday morning, the yield on the 10-year U.S. Treasury bond exceeded 3.5%, hitting a 11-year high.
The Federal Reserve will hold its latest monetary policy meeting from Tuesday to announce its interest rate decision on Wednesday. The market generally expects that the institution will raise the benchmark interest rate by at least 75 basis points, or even 100 basis points.
Ed Yardeni, president and chief investment strategist at Wall Street, investment consulting firm Yardeni Research, said the Fed may ignore market expectations at its next policy meeting and raise the benchmark interest rate by 100 basis points.
The market also expects that the US benchmark interest rate could reach 4.5% as the Federal Reserve is forced to push the economy into a recession to curb inflation.
JPMorgan pointed out that what is more important than discussing whether a 75 basis point hike or 100 basis points is where the final value of the Fed's interest rate will be. If the Federal Reserve raises interest rates by 100 basis points this month, it may mean that the federal funds rate will eventually rise above 5% by the end of the year.
This summer, the market was optimistic that the Fed might soon complete its aggressive tightening policy cycle, driving a brief rebound in U.S. stocks. But then, as investors feared that the Fed might go too far and put the economy into recession, they began to sell stocks vigorously.
RBC Capital Markets analyst Lori Calvasina said: "Looking forward to the end of 2022, we still expect US stock markets to fluctuate. We believe that the US stock market will be subject to extreme bearish sentiment and long-term impact on the Fed's further tightening policy.
The next financial report season will start in October, and the market will closely monitor the corporate earnings guidance released before this.
Last week's financial report and pessimistic expectations of US logistics giant FedEx shocked the stock market, and the company's official financial report this week will be particularly concerned by investors.
In addition, North American retail giant Costco is also scheduled to announce results this week. Hypermarkets at the end of the commodity supply chain may have a more personal experience of whether inflation is rising or falling.
was affected by a pessimistic warning of higher-than-expected inflation reports and FedEx's pessimistic warning about the global economy "serious deterioration". The stock market fell sharply last week, with the Dow falling 4.13%, the S&P 500 falling 4.77%, and the Nasdaq down 5.48%. All three major stock indexes recorded the fourth week of the past five weeks.
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According to a statement released by the Shanghai Enterprises and Institutions Environmental Information Disclosure Platform, Tesla completed the capacity expansion project of its Shanghai factory on Monday. The statement also stated that Tesla will upgrade the production line between September 19 and November 30. Previous media reports said that Tesla has been increasing production to reach about 22,000 Models produced by the Shanghai factory every week. 3 and Model Y's target.
Another report said that Tesla hopes that Germany's sales can double to 80,000 units this year. According to local media reports, Tesla hopes that the company's electric vehicle sales in Germany can double to 80,000 units in 2022. In 2021, Tesla's sales in Germany were 39,700 units, and the company's sales target this year is still twice that of last year. From January to August this year, Tesla's sales in Germany were 24,700 units, and the company hopes to attract by opening more stores and improving service quality. More consumers.
Nvidia has issued "super urgent items" to TSMC. The total volume of this batch of "super urgent items" is about 5,000 tablets, and the delivery time will be significantly shortened, and delivery will begin as early as the end of October to early November.
Due to the decline in crude oil prices, oil stocks have generally fallen.
Teva pharmaceutical ingredients have implemented the settlement of the US drug addiction crisis by the end of the year, and the CEO will retire at the end of next year.
Roche vision loss drug Vabysmo has been approved for listing by the EU.
Valneva stops the commercial manufacturing agreement for IDT Biologika to produce its inactivated COVID-19 vaccine VLA2001 on the grounds that the European Commission order has been reduced.
Volkswagen announced that its Porsche will be listed on the Frankfurt Stock Exchange on September 29, with a valuation of 70-75 billion euros, making it the second largest IPO in German history.
Affirm Holdings, PayPal and other "buy first and pay later" service providers continue to decline. The U.S. Consumer Financial Protection Agency plans to start regulating buy-in and pay-in-pay service providers such as Affirm and PayPal.
GE's stock price fell, continuing the previous four consecutive declines. The company is under supply chain pressure.
Semiconductor equipment giant Lam Research has announced that its engineering center in Bangalore, India has officially opened.
Valneva terminates delivery of COVID-19 vaccine to IDT Biologika.
Take-Two Interactive's stock price fell. The company's GTA6 game has leaked a lot of scene videos, and hackers seek to negotiate a deal.
Sea company, known as the "Southeast Asia Little Tencent", will fire 3% of Shopee employees in Indonesia.
Phunware directors sold 20,000 shares of the company.
JD Express has recently connected to the Douyin e-commerce "Yinhuda" service, and will provide Douyin users with door-to-door delivery services.
