In the early morning of the 8th, Beijing time, U.S. stocks closed mixed on Wednesday, with the S&P 500 index recording a fifth consecutive day of declines. Investors are worried that the Federal Reserve may take longer to raise interest rates than expected and lead to an economic recession. Many major Wall Street banks issued early warnings about the recession of the US economy.
The Dow closed slightly up 1.58 points, at 33597.92 points; the Nasdaq fell 56.34 points, or 0.51%, to 10958.55 points; the S&P 500 index fell 7.34 points, or 0.19%, to 3933.92 points.
U.S. Treasury bond yields were generally lower on Wednesday, with the 30-year Treasury bond yield falling below 3.5% for the first time since the end of September.
U.S. stock investors are now becoming less and less hopeful about the possibility that the Federal Reserve can successfully achieve a soft landing. On the contrary, they are extremely worried about the economic conditions of the United States and the possibility of an economic recession in 2023.
As the Federal Reserve enters a period of silence before its December interest rate meeting, Wall Street observers have warned that the outlook for the U.S. economy and stock market next year will be quite grim.
U.S. stocks turnover champion Tesla closed down 3.21% on Wednesday, with a turnover of US$14.57 billion. brokerage Bernstein gave Tesla an "underperform" rating on Wednesday, with a target price of $150.
Tesla officially launched two models, Model 3 and Model Y, in Thailand on December 7. They can be pre-ordered from that day and are scheduled to be delivered in the first quarter of next year. The starting price is 1.759 million baht (approximately RMB 360,700). Tesla's Supercharger piles in Thailand will open in February next year and will be expanded to 10 in 2023.
Musk announced the departure of Twitter's deputy general counsel Jim Baker in a tweet on Tuesday. Baker has served at Twitter since 2020. Since completing the $44 billion acquisition, Musk has fired several company executives, including Baker's immediate superior.
No. 2 Apple's closed down 1.38%, with a turnover of 9.81 billion US dollars. Morgan Stanley analyst Erik Woodring once again lowered his forecast for Apple's iPhone shipments in the fourth quarter, this time by 3 million units to 75.5 million units.
For the same reason, Woodring lowered its revenue forecast for the December quarter by about 3% to $120 billion. However, his target for Apple's stock price remains at $175, and he continues to maintain the " overweight " rating.
This is the second time that Morgan Stanley has lowered its iPhone shipment forecast. However, the agency still maintains its forecast of iPhone shipments of 56.5 million units in the first quarter ending in March next year unchanged, which means that the incremental shortage may not be made up in the next quarter. Woodring noted that he expects Apple to earn $1.88 per share in the fourth quarter, which is 6% lower than analysts’ consensus estimates. But he said he may have adopted an overly conservative forecast model.
No. 3 Nvidia closed up 0.83%, with a transaction volume of US$9.81 billion. The new factory TSMC plans to build in Arizona, USA, will first produce OEM products for Apple and NVIDIA, and may also produce the latest products for AMD. A spokesman for Nvidia said that the company expects to use all TSMC's wafer factories.
No. 6 AMD closed down 0.18%, with a turnover of US$4.15 billion.
No. 7 Meta Platforms closed down 0.17%, with a turnover of US$3.26 billion. According to media reports, the EU privacy watchdog ruled that EU privacy laws do not allow platforms such as Instagram and Facebook owned by Meta Platforms to use their terms of service as a reason to allow personalized advertising. Meta will only serve ads based on personal data with the user's consent.
The ruling, which has not yet been publicly disclosed, does not directly order Meta to change its practices. Instead, it requires the Irish Data Protection Commission to issue a public order reflecting its decision and impose a hefty fine. Meta, whose European headquarters is in Ireland, will be able to appeal the decision.
No. 8 Google A shares (GOOGL) closed down 2.1%, with a turnover of US$2.95 billion. India has asked Google not to show agency ads for overseas bookmakers.The Indian government recently sent a letter to Google India, a subsidiary of Alphabet Inc, requiring the company to immediately stop all advertising on search results and YouTube on all overseas gambling platforms, whether direct advertising or agency advertising.
No. 10 Netflix closed up 0.94%, with a transaction volume of US$2.38 billion. The video streaming giant will rebound next year for growth after a difficult 2022, co-CEO Ted Sarandos said on Tuesday.
Sarandos said that Netflix, like most companies, is happy that 2022 has passed. Under very difficult conditions this year, Netflix launched the five most-watched dramas and three of the most popular movies in the company's history.
Sarandos acknowledged competition from media giants Disney, Apple, Amazon and Comcast , among others. Fierce competition has driven Netflix's stock price down 49% this year. But the stock rebounded 55% in the second half of 2022.
The 11th ranked database software company MongoDB closed up 23.23%, with a transaction volume of US$2.18 billion. The company announced after the closing bell yesterday that third-quarter adjusted earnings per share were 23 cents, far exceeding the expected loss of 17 cents. The company expects fourth-quarter revenue of 334-337 million US dollars, adjusted earnings per share of 6-8 cents, expected to be 315 million US dollars and a loss per share of 13 cents; it is expected that adjusted earnings per share for the 2023 fiscal year will be 29-31 cents. The previous guidance was a loss of 16-19 cents on the US stock market, and the market expected a loss per share of 31 cents.
No. 13 PayPal closed up 3.03%, with a transaction volume of US$1.82 billion. PayPal Inc. has reportedly expanded its services for buying, selling, and holding cryptocurrency.
No. 14 Alibaba closed down 3.41%, with a turnover of US$1.72 billion.
No. 15 FTSE closed down 2.09%, with its stock price hitting its lowest level since April 2020, with a transaction volume of US$1.68 billion. Recently, a number of top executives at Salesforce have resigned, causing continued turmoil at the top. On Monday, the company announced that Slack CEO Stewart Butterfield would be leaving the company. And last Wednesday, co-CEO Bret Taylor, who orchestrated the Slack acquisition, said he was leaving the company.
In addition to the above-mentioned senior executives who have resigned, there are also a number of top executives from Salesforce who have announced their resignation. Last month, Salesforce said president and strategy chief Gavin Patterson would step down in January next year. It is reported that Slack’s head of product and senior vice president of marketing, brand and communications will leave.
Guggenheim analysts said Keith Block resigned as co-chief executive officer of Salesforce three years ago, 18 months after taking office. The company appears to have been struggling ever since. They have a "hold" rating on the stock.
The following are the 20 most actively traded stocks in the US stock market on the same day (based on transaction volume):
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