Tencent Securities News on November 12, US stocks opened mixed on Thursday, the market is paying close attention to the latest developments in the new crown epidemic, vaccines, and the general election. The panic index VIX rose 2.6% to 24.05 points.
As of the opening, the Dow fell 172.68 points to 29224.95 points, a decrease of 0.59%; the Nasdaq rose 18.25 points to 11,804.68 points, an increase of 0.15%; the S&P 500 index fell 10.97 points to 3,561.69 points, a decrease of 0.31%. Z2z
China Electric Vehicle Stocks and E-commerce stocks rose sharply. Xiaopeng Motors rose 8.8%, and its third-quarter revenue increased by 342.5% year-on-year. At the same time, gross profit turned positive. Weilai rose by 2.8%, ideal by 9.4%, and Pinduoduo by 23.95%. In the third quarter, revenue increased by 89% year-on-year, making profits for the first time. Jingdong rose 5.3% and Ali rose 1.9%. Thunder rose 2.6%, with a net loss of US$1.462 million in the third quarter, a decrease of 94% year-on-year. Z2z
European stocks fell nearly 1%, and the recent rally has been suspended. As of the close, the Shanghai Composite Index fell 0.11%, the Nikkei 225 Index rose 0.68%; South Korea's KOSPI Index fell 0.41%.
Oil prices fell slightly, due to the intensification of the new crown epidemic in Europe and the United States, which inhibited the prospect of crude oil demand. WTI crude oil futures rose 0.4% to $41.63 per barrel. Brent crude oil futures rose 0.3% to $43.94 per barrel.
The US dollar weakened as investors’ optimistic expectations for the new crown vaccine declined. The US dollar index fell 0.15% to 92.90. US COMEX gold futures rose 0.8% to $1,876.85 per ounce.
The number of first-time applications for unemployment benefits in the United States hits the largest drop in five weeks, showing that the labor market has improved.
Last week, the number of applications for state unemployment benefits in the United States fell the most in five weeks, indicating that despite the record high number of new crown infections, the labor market continues to gradually improve. According to data released by the Department of Labor on Thursday, the number of people applying for regular state unemployment benefits for the week ended November 7 decreased by 48,000 from the previous month to a total of 709,000, which is expected to be 731,000. The unadjusted figure is down about 21,000.
As of the week of October 31, the number of continuous applications for unemployment benefits decreased by 436,000 to 6.79 million, which is expected to be 6.83 million. But as more and more Americans run out of regular state unemployment benefits, the number of people applying for federal assistance programs has increased.
Fauci expects positive data from the Modena new crown vaccine trial
Pharmaceutical company Modena (Moderna) said on Wednesday that it will release preliminary data from its experimental new crown virus vaccine later stage trial later this month, and may In early December, it applied for an emergency use authorization in the United States. Modena shares rose 3.4% pre-market. Z2z
Modena said that the safety data is expected to be released in the second half of this month. Modena used similar technology to Pfizer and completed a post-stage study of 30,000 volunteers last month.
Fauci, a well-known American infectious disease expert, said on Wednesday that he is optimistic about the latest developments in Modena’s upcoming vaccine, and said that if the vaccine does not achieve a “comparable efficacy” with the positive data released by Pfizer and BioNTech on Monday We will be very surprised".
The number of confirmed cases of new crowns in the United States exceeds 130,000, breaking new records.
Data released by the Centers for Disease Control and Prevention on the 11th showed that the United States reported 134,383 new confirmed cases of new crowns and 1859 new deaths on the 10th. The world has the highest number of newly confirmed cases in a single day in a country. At the same time, the average number of confirmed cases and the number of hospitalized cases in the United States has reached a record high in 7 days. According to data from
, as of the 10th, the average daily increase in the number of confirmed cases in the United States in the past 7 days reached 116,228, a record high since the outbreak in the country. The 7-day average number of deaths per day is also rising, and it is now close to 1,100.
Stanley Perlman, professor of microbiology and immunology at the University of Iowa in the United States, said in an interview with Xinhua News Agency that the worsening situation in the United States may continue for several weeks. Without the introduction of large-scale prevention and control measures, it is difficult for the epidemic to turn around in the short term.
After US stocksWhere will the city go?
A Goldman Sachs Group strategist headed by David Kostin said that for the economy and the market, vaccines are more important than the policies that Joe Biden is expected to implement during his presidency. development of. The Goldman Sachs team raised the year-end target for the S&P 500 from 3,600 to 3,700, which is not far from the 3,545.53 at the close of trading on Tuesday. In addition, Goldman Sachs also set the goal for the end of 2021 at 4,300 points, and is expected to reach 4,600 points by the end of 2022. Shawn Snyder, head of investment strategy at Citi Personal Wealth Management, said: “Before the spring, there may be intermittent rotations in the market. Technology companies’ Profit performance is still very strong, and in the winter months, the number of new crown virus infections is still likely to surge, and there may be new restrictions and lockdown measures."
Bernstein's Co-Head of Portfolio Strategy Team Inigo Fraser-Jenkins wrote in a report: "Sudden macro positive shocks like the one we saw this week may boost all value stocks for a while. . However, we believe that next year’s prospects will definitely be more subtle.” He pointed out that large technology companies “have a longer period of growth.”
