Most large technology stocks rose, Amazon rose nearly 6%, and Apple, Google and Tesla all rose more than 3%. Popular Chinese stocks were mixed, iQiyi rose more than 6%, and the market value of Tencent Holdings advanced to the top of the world 10.
The US Department of Labor will release consumer price index (CPI) data in February 2022, which will be an important basis for the Federal Reserve to formulate monetary policy in February. The market expects the inflation level to drop, and both the US dollar index and the yield of US Treasury bonds fall.
The three major US stock indexes closed higher, and the Nasdaq index rose for four consecutive days.
On Wednesday, local time, the three major indexes of US stocks opened higher and went higher, and collectively rose in the late session. The Dow rose 0.8% to close at 33973.05438+0. The Nasdaq rose 1.76% to close at 1093 1.67, which was the first four consecutive gains since last September. The S&P 500 index rose 1.28% to close at 3969.6438+0.
On the disk, the S&P 500 index 1 1 all rose. Most large technology stocks rose. Amazon rose 5.8 1%, Tesla, Google -A and Microsoft rose more than 3%, Apple rose 2. 1 1%, TSMC and NVIDIA rose about 0.6%. The market value of the seven technology giants has risen by more than 200 billion US dollars, of which the market value of Amazon has soared by 53.26 billion US dollars (about 360 billion yuan). Meta, the parent company of Facebook, fell by 0.08%.
3B Home furnishing rose by 68.6%, exceeding 20% in the first two days, and the cumulative increase in the last three days reached 166%. Market news shows that 3B Home, a home retail giant facing bankruptcy, will make more layoffs to cut costs, and the company may become a potential acquisition target.
International oil prices rose sharply, and most energy sectors strengthened. ExxonMobil rose 1. 16%, Shell rose 0.96%, ConocoPhillips rose 0. 14%, Chevron and Western Petroleum fell slightly. The futures price of light crude oil for February delivery in the New York Mercantile Exchange rose by $2.29 to close at $77.4 1 barrel, an increase of 3.05%. London Brent crude oil futures for March delivery rose 2.57 US dollars to close at 82.67 US dollars per barrel, or 3.2 1%.
Popular China stocks were mixed, with the NASDAQ China Jinlong Index rising 0.23%. Iqiyi rose by 6.47%, Baidu and Weilai rose by over 2%, Alibaba rose by 0. 12%, Pinduoduo and JD.COM fell by about 1%, and Ctrip fell by 3%.
It is worth mentioning that, according to the data of the global listed company CompaniesMarketCap, the market value of Tencent Holdings reached US$ 463.53 billion, re-entering the top ten in the market value of global listed companies, ranking eighth, second only to Visa. However, Tencent's market value is still about 50% lower than the historical high.
Investors wait for US inflation data.
On Thursday, the US Department of Labor will release the consumer price index (CPI) data of 65,438+February in 2022, which will be an important basis for the Federal Reserve to formulate its monetary policy in February. The market expects the inflation level to fall back. Economists surveyed by Dow Jones expect CPI data to decrease by 0. 1% month-on-month, and the year-on-year increase still reaches 6.5%, with the previous value of 1 1%. Investors' concerns about the Fed's sharp interest rate hike have eased. By late afternoon in new york, the US dollar index, which measures the US dollar against six major currencies, had fallen by 0.05% to 103. 1880. The yield of US 10-year treasury bonds also fell to 3.5%.
Boston Fed President Colin said that she tends to support the FOMC meeting to raise interest rates slightly. "I think it is reasonable to raise interest rates by 25 or 50 basis points. I am inclined to raise interest rates by 25 basis points at this stage, but it is very dependent on data. Before we make a decision every time, slow adjustment can provide more time to evaluate future data, because we are close to the interest rate level to be maintained. Changing the narrower band gives us flexibility. " Collins said.
This week, companies covered by the Standard & Poor's 500 Index will also start the earnings season, and the overall performance is expected to decline year-on-year. According to market analysis, due to the expected intensification of economic recession, the profits of large banks such as JPMorgan Chase, Bank of America and Wells Fargo, which disclosed their performance earlier, may decrease in the fourth quarter.
According to the report released by American Mortgage Bankers Association (MBA), after seasonal adjustment, the index of American mortgage application activity increased by 1.2% compared with the previous week to 10.3%. The index reflects the changes in the number of mortgage applications. Without adjustment, the market composite index rose by 48% month-on-month.
According to the MBA report, the mortgage interest rate dropped last week, and the data showed that the economy was weak and the salary growth was slow. All the loan types surveyed showed a decline in interest rates, and the 30-year fixed interest rate dropped to 6.42%. The number of applications for house purchase declined slightly, falling to the low level since 20 14, which was affected by the general weakness of the property market.
The FAA system failure has caused more than 8,000 flights to be delayed.
The failure of the Federal Aviation Administration (FAA) system has aroused continuous concern.
According to the statement issued by the FAA, the "air mission notification system" was once interrupted, which caused a large number of domestic flights in the United States to be affected. The FAA has asked all airlines to suspend domestic flights in the United States until 9 o'clock to verify the integrity of flight and safety information. After the cancellation of the order, normal air traffic services across the United States gradually resumed.
According to FAA regulations, the air mission notification system provides critical safety operation information notification to personnel involved in flight operations. The cause of the system failure is still under investigation.
According to the data of FlightAware, a flight information tracking website, as of 3 pm that day, there were 8,609 flights delayed in the United States due to FAA system problems in the morning, and 125 1 flights were cancelled. A large number of passengers were affected and had to wait for hours at the airport.
U.S. Secretary of Transportation Butigig said that a key issue that needs to be studied is whether the system outage indicates that the FAA system is outdated, and he called on Congress to pay attention to this issue.