Netflix and other technology stocks rallied, U.S. stocks rebounded across the board

Tuesday (5th) Wall Street rushed to buy technology stocks on dips, coupled with the US September non-manufacturing activity index unexpectedly better than expected, Ten-year U.S. Treasury yields rose, U.S. stocks rebounded from Monday’s plunge. Fang stocks such as Netflix performed strongly. Energy stocks continued to rise with oil prices. S&P rose more than 1%, rebounding above the 100-day moving average. .

Political and economic news, the US debt default deadline on October 18 is approaching, and the US Senate will usher in an important vote to suspend the debt ceiling on Wednesday.

Senate Majority Leader Schumer warned the Republican Party: “If they really want to be the defaulting party, that is their choice.” US Treasury Secretary Ye Lun (Janet Yellen) warned that the United States must raise the ceiling before debt breaks, or the United States will fall into a recession.

U.S. President Biden, who clamored to “see the good again”, said on Tuesday that infrastructure investment is urgent, because the infrastructure investment of China and other opponents accounts for it. The proportion of the economy is about three times that of the United States. Without a large amount of infrastructure spending, the United States may lose its competitive advantage.

US Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Tuesday that the United States has no intention of following China’s total ban on cryptocurrencies. The focus of governance is to ensure that the industry complies with investment and consumption. Protection rules, anti-money laundering laws and tax laws.

In addition, US-China relations are also showing signs of easing. The White House announced on Tuesday that US National Security Advisor Jake Sullivan will meet with China’s top diplomat Yang Jie this week. Chi met in Switzerland, and the two countries are trying to rebuild communication channels and implement the consensus of the two heads of state.

The new crown pneumonia (COVID-19) epidemic continues to spread around the world. Before the deadline, according to real-time statistics from Johns Hopkins University in the United States, confirmed globally The number has surpassed 235 million cases, and the number of deaths has exceeded 4.81 million. The cumulative number of confirmed cases in the United States exceeds 43.9 million, and the cumulative number of deaths exceeds 704,000. A total of 33.85 million cases have been confirmed in India, and 21.47 million cases have been confirmed in Brazil.

Tuesday (5th) the performance of the four major US stock indexes:

• The US stock Dow Jones index rose 311.75 points, or 0.92%, to close at 34,314.67 points.
• The Nasdaq Index rose 178.35 points, or 1.25%, to close at 14,433.83 points.
• The S&P 500 Index rose 45.26 points, or 1.05%, to close at 4,345.72 points.
• The Philadelphia Semiconductor Index rose 47.2 points, or 1.48%, to close at 3,227.3 points.

Focus stocks

The five kings of science and technology collectively recovered. Apple(AAPL-US ) Rose 1.42%; Facebook (FB-US) rose 2.06%; Alphabet (GOOGL-US) rose 1.77%; Amazon ( AMZN -US) rose 0.98%; Microsoft ( MSFT-US) rose 2.00%.

Dow Jones constituent stocks closed higher. Goldman Sachs ( GS-US) rose 3.12%; United Health (UNH-US) rose 1.66%; Nike (NKE-US) rose 1.58%; Dow Chemical (DOW-US) Up 1.48%; Merck (MRK-US) fell 1.81%.

Fei’s semi-component stocks are like a rainbow, only Micron is weak. Intel( INTC-US) rose 0.90%; AMD (AMD-US) rose 1.47%; applied materials ( AMAT-US) rose 2.29 %; Micron (MU-US) fell 0.17%; Qualcomm (QCOM-US) rose 0.67%; NVIDIA (NVDA-US) rose 3.64%.

Taiwan stocks’ ADR is mostly higher. TSMC ADR ( TSM-US) rose 0.22%; ASE ADR ( ASX-US) rose 0.41%; UMC ADR ( UMC-US) rose 1.87%; Chunghwa Telecom ADR ( CHT-US) is flat.

Corporate News

Facebook(FB-US) One week it fell nearly 5%. On Tuesday, it recovered some losses and received a dividend of 2.06% to US$332.96 per share. Facebook whistleblower Frances Haugen stated in a congressional hearing on Tuesday that the stickiness of Facebook is like smoking that hurts children and teenagers and deepens the political division in the United States, but the Facebook executive refused to change.

Bitcoin soared above US$51,000, blockchain concept stocks strengthened, Marathon Patent Group (MARA-US) skyrocketed 10.59%, Riot blockchain (RIOT-US) rose 4.32%, cryptocurrency exchange Coinbase (COIN-US) rose 4.70%.

Jiaosheng (JNJ-US) rose 0.23% to 159.58 per share Dollar. Johnson & Johnson announced on Tuesday that it has applied to the US FDA for EUA authorization for additional agents.

Pepsi ( PEP-US) rose 0.59% to 151.09 per share Dollar. Despite rising supply chain costs, Pepsi-Cola’s third-quarter financial report was better than expected, with net profit per share of US$1.79 and revenue of US$20.19 billion.

Economic data

• US August trade account-73.25 billion U.S. dollars, expected-70 billion U.S. dollars, previous value-70.1 billion U.S. dollars
• US September Markit service industry PMI final value 54.9, expected 54.4, previous value 54.4
• US September ISM non-manufacturing PMI reported 61.9, expected 60.2, previous value 61.7

Wall Street Analysis

The US September ISM non-manufacturing PMI was better than expected. Investment bank Jefferies said: “We had expected this value to continue to decline, but the service industry showed impressive strength and strength. Resilience.”

Mark Haefele, Investment Director of UBS Global Wealth Management, previously stated: “Monday’s sell-off was driven to a certain extent by the rise in 10-year U.S. Treasuries. , Energy shortages and the fiscal deadlock in the United States also affect market buying, but this concern has been exaggerated and is likely to fade soon, and the stock market rebound is expected to return to the right track.”

Marko Kolanovic, chief global market strategist at JPMorgan Chase, said: “The recent round of risk-removing actions will not cause the stock market to continue to fall, and we will still maintain a bargain-hunting position.”

John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said: “This week the market pays attention to economic data and looks for clues about the strength of the U.S. economy from Friday’s non-agricultural employment report.”

The figures are updated before the deadline, please refer to the actual quotation