Last night and this morning: U.S. stocks dive late in the day! Chinese stocks bucked the trend and soared-For sharing via /r/wallstreetbets #stocks #wallstreetbets #investing


Last night and this morning: U.S. stocks dive late in the day! Chinese stocks bucked the trend and soared—-For sharing

Overseas Markets

  1. U.S. stocks late dive! Dow down 0.25% to halt six-game winning streak

The three major U.S. stock indices opened lower, the S&P and Nasdaq turned lower in the last few minutes of Thursday’s trading session, and the Dow Jones also ended its six-game winning streak. By the close of trading, the Dow Jones fell 0.25%, the S&P 500 fell 0.30%, and the Nasdaq fell 0.16%.

The performance of large U.S. technology stocks was not satisfactory. Sorted by market cap, Apple fell 0.66%, Microsoft fell 0.77%, Google A fell 0.34%, Amazon fell 0.33%, Tesla fell 1.46%, Nvidia fell 1.38%, and only Meta rose 0.41%.

Usually, U.S. stocks will rise in the last five trading days of the year and the first two trading days of the New Year, a phenomenon known as the “Christmas market. The lower-than-average trading volume, combined with the fact that many investors are closed for the holidays, can lead to increased trading volatility. Some companies are also adjusting their portfolios at the end of the year.

  1. The popular Chinese stocks closed Thursday’s big rise highway up more than 21%

Popular Chinese stocks closed up sharply on Thursday, with Gao Tou, Ai Qi Yi and Beili Beili leading the way; the Nasdaq Golden Dragon China Index closed up 9.40%, the biggest one-day gain since 2008.

Highway rose more than 21%, Akiyip and AutoChina rose more than 13%, Beili Beili, Vipshop and Shell rose more than 12%, Alibaba and Funhead rose more than 9%, and NetEase rose nearly 9%.

New energy car stocks, Azera car rose more than 14%, Xiaopeng car rose nearly 10%, ideal car rose more than 8%.

  1. The main index of European shares rose

Britain’s FTSE 100 index fell 0.19%, France’s CAC 40 index rose 0.16%, the European Stoxx 50 index rose 0.50%.

  1. Thursday U.S. oil closed 0.6% higher, approaching $ 77 per barrel

U.S. crude oil futures prices closed higher on Thursday. Oil prices were supported by easing market concerns that the mutated strain of Omicron is hampering economic recovery and signs that crude oil inventories are falling.

On Thursday, West Texas Intermediate crude oil futures for February delivery rose 43 cents, or 0.6 percent, to close at $76.99 a barrel on the New York Mercantile Exchange.

Brent crude oil futures for February delivery on the Intercontinental Exchange in London rose 9 cents, or 0.1 percent, to close at $79.32 a barrel. Brent crude oil futures have risen for four consecutive trading days so far.

  1. Thursday gold futures closed 0.5% higher

Gold futures prices closed higher on Thursday despite a stabilizing dollar and higher U.S. stocks.

Investors believe the Omicron mutant strain is less of a threat to economic growth, pushing the dollar to stabilize on Thursday and U.S. stocks to climb, pushing the Dow and S&P 500 to new intraday highs.

  1. Year-end U.S. unemployment benefits data released Gold rises U.S. bonds fell

U.S. first-time jobless claims fell unexpectedly last week, indicating that despite the outbreak of a new round of epidemics, but labor demand is still strong.

Data from the U.S. Department of Labor on Thursday showed that in the week ended Dec. 25, the number of first-time jobless claims totaled 198,000, down 8,000 from the revised level in the previous cycle. The median estimate of economists surveyed was 206,000.

International Macro

  1. The founder of Bridgewater Dalio: the Fed may raise interest rates 4-5 times next year, which will be a sensitive issue

Rui Dalio, founder of the world’s largest hedge fund Bridgewater, said in an exclusive interview that the Federal Reserve is expected to raise interest rates 4-5 times next year until it negatively affects the stock market.

Regarding the current inflationary pressure, Dalio pointed out that the U.S. now has two types of inflation: a cyclical inflation that occurs when demand for goods and services exceeds production capacity, and a monetary inflation caused by the over-issuance of money and credit.

For the second type of inflation, he warned that if cash and bond holders were to sell these assets in a big way, the central bank would have to raise interest rates at a faster pace or keep them low by printing money and buying financial assets, and this would exacerbate inflation. This adds difficulty to the Fed’s policy making.

  1. The United States CDC: regardless of vaccination or not, people should avoid cruise travel

The U.S. Centers for Disease Control and Prevention (CDC) on Thursday advised people not to travel on cruise ships, regardless of their vaccination status, as the Omicron variant swept the world with a recent sharp increase in new positive crown cases.

The CDC raised its travel advisory for cruise ships to the highest level. The agency is currently investigating or observing dozens of cruise ships with New Crown outbreaks.

The CDC warns that the New Crown virus is easily spread from person to person in close proximity on board ships and that the chances of contracting the virus on a cruise ship are very high, even with New Crown vaccinations and booster shots.

  1. U.S. Cancellations Exceed 1,000 Again as Chaotic Holiday Travel Season Continues

The number of flight cancellations by U.S. airlines is still growing, with another 1,170 flights cancelled Thursday as a surge in coronavirus cases leads to severe understaffing. And the forecasted snowstorm could further disrupt travel during the New Year’s holiday.

According to FlightAware.com, JetBlue canceled 175 flights, or 17 percent of its scheduled flights, as of 2:27 p.m. New York time Thursday. Allegiant canceled 93 flights, or 18 percent of its scheduled flights. United Airlines canceled 197, or 9 percent of its schedule. By noon, the number of flights canceled for the day had surpassed the 1,084 canceled for the entire day on Wednesday.

This comes on the heels of thousands of U.S. flight cancellations over the Christmas weekend and into the early part of the week due to winter storms coupled with staffing shortages.

  1. U.S. first-time jobless claims unexpectedly fell last week, highlighting that labor demand is still strong

The number of first-time jobless claims fell unexpectedly last week, indicating that labor demand is still strong despite the new outbreak of the epidemic.

The number of first-time jobless claims totaled 198,000 in the week ended Dec. 25, down 8,000 from a revised level in the previous cycle, Labor Department data showed Thursday. The median estimate of economists surveyed by Bloomberg was 206,000.

The number of continuing claims for unemployment benefits fell to 1.72 million in the week ended Dec. 18, the lowest since March last year.

  1. The United States civil servants treatment “peak”? U.S. media revealed that Fauci’s annual pension can be $ 350,000

The report said that the U.S. government has served 55 years of Fauci for two consecutive years to become “the highest-paid civil servants in the United States”: 2019 income of $417,000, 2020 rose to $434,000. His salary is higher than that of the president of the United States, admirals and some 4.3 million U.S. government employees.

According to Federal Personnel Administration standards, Fauci’s pension is calculated as the average of his 3-year maximum earnings, multiplied by 80 percent. If he receives the same salary in 2021 and 2022 as he did in 2020, his pension could reach $347,000.

In addition, his “long service” can bring additional government annuity benefits, the amount is at least $ 8,344 per year.

  1. Israel officially approved the opening of the fourth dose of the new crown vaccination limited to people with low immunity

In the evening of Dec. 30, local time, Nachman Ash, director general of Israel’s Ministry of Health, officially approved the opening of the fourth dose of the new crown vaccination to the country’s immunocompromised population, but still has not approved the opening to people over 60 years old and medical workers.

  1. The European Central Bank management committee Nott: the end of bond purchases may be raised in early 2023

ECB Governing Council member Nott said the ECB is close to achieving its medium-term inflation target of 2%, and the likelihood of inflation staying above 2% in 2022 is high, although it will not be far above 2%. If prices continue to rise unexpectedly, the central bank could unwind stimulus measures sooner than it plans to now. Policy rates could rise after bond purchases end in early 2023.

  1. ECB Governing Council member Vesco: 3% average inflation expected in 2022

ECB Governing Council member Vesco said inflation is expected to average 3% in 2022 and then gradually fall back to a level slightly below 2%; inflation in 2023-24 is expected to be below 2%, facing downside and upside risks.

Company News

  1. Tesla recalls about 475,000 vehicles in the U.S., close to its total global deliveries last year

Tesla is recalling about 475,000 vehicles in the U.S., almost as many as its total global deliveries last year, due to a technical defect that could increase the risk of accidents.

Tesla plans to recall all Model 3 models built between 2017 and 2020, totaling as many as 356,309 units. The company told the National Highway Traffic Safety Administration (NHTSA) that the wiring harness of the rearview camera can be damaged by opening and closing the trunk, hindering the image display.

Tesla is also recalling as many as 119,009 Model S vehicles assembled since 2014 because of a problem with the front longitudinal beam that could cause the hood to open unexpectedly, according to a separate NHTSA statement posted on its official website Thursday. The company said it will fix both problems for free.

  1. The only big winner in the lack of core crisis: Tesla

The global automotive industry is affected by the “lack of core”, but Tesla’s production this year is expected to be about 80% more than last year. Because of its strong self-research chip capability and vertical integration ability, Tesla is not afraid of the “chip shortage” and has become the biggest winner in the industry.

  1. 2021 global M&A transactions for the first time exceeded the $5 trillion mark Goldman Sachs for the fifth consecutive year to take the lead

Goldman Sachs Group is sitting at the top of the table as global M&A deals set a record in 2021.

For the fifth consecutive year, Goldman Sachs topped the list of M&A advisors based on the total dollar value of deals handled, according to data compiled by Bloomberg.

Goldman Sachs’ top spot comes as global mergers and acquisitions and related transactions surpassed $5 trillion for the first time. The bank advised on more than $1 trillion worth of transactions, with a market share of more than 24 percent, according to the data.

  1. The U.S. airline industry faces the test of the epidemic JetBlue Airways announced that it will cancel about 1,280 flights

JetBlue Airways said it is reducing its flight schedule by about 1,280 flights through Jan. 13 due to a significant increase in cases of Omicron strain infection among its crews.

A JetBlue spokesman said the number of new coronavirus cases in the northeast, where most of the company’s crews are located, is expected to continue to spike over the next one to two weeks, meaning the likelihood of continued flight cancellations until the number of new cases drops.

  1. Samsung denies acquisition does not matter Canaccord Genuity expects limited downside for Baiken

Canaccord Genuity analyst Sumant Kulkarni maintained a “buy” rating on Biogen (BIIB.US) with a price target of $390.

Earlier, South Korean media reported that Samsung Group was in talks to buy Biogen, saying it was valued at about $42 billion. Subsequently, Samsung Bio, a subsidiary of Samsung, said these were untrue information.

In fairness, this does look like a categorical denial,” Kulkarni said in a report. However, we lack the relevant language background to figure out the nuances of what was specifically identified as untrue in the Korean-language document.”

  1. Employees complained that Amazon is too cold: no compensation after work injury, and not allowed to take leave

Some Amazon employees reportedly complained recently that it was difficult for them to get compensation and leave after being injured on the job.

In June this year, an analysis said that the rate of serious injuries on the job of Amazon warehouse employees is almost twice that of other companies in the industry. The data showed that in 2020, Amazon warehouse employees had an average of 5.9 “serious” injuries per 200,000 hours worked.

This compares to an average of 3.3 “serious” injuries per 200,000 hours across the warehouse industry. As one of Amazon’s largest competitors in the retail industry, Walmart has 2.5 “serious” injuries per 200,000 hours, less than half of Amazon’s serious injury rate.

Is there a project in here that you are concerned about? Is everything going well?

Daily update

Submitted December 31, 2021 at 08:44AM by lilyxu185
via reddit https://ift.tt/32AUmyA