Oriental Fortune 11 News, Wednesday Eastern Time, the three major U.S. stock index closed up slightly. The Dow index rose 0.03%, the NADI index rose 0.69%, and the S&P 500 index rose 0.35%. On the news side, the summary of the Federal Reserves March FOMC monetary policy meeting shows that most Fed policymakers expect interest rates to remain stable this year. It is noteworthy that Lyft, the online car company, fell by more than 10%, hitting a low of $60.60 in the market, down 15.8% from the IPO offering price of $72.
The latest price rise and fall (%) of the index (%) was 26 157.16 + 0.03% for the Dow Jones Industrial Average, 2888.21 + 0.35% for the S&P 500 and 7964.24 + 0.69% for the Nasdaq Composite Index. Most of the hot stocks fell, while Huya fell 4%, after Huya announced that it would price the subsequent public offering of American Depository Stocks (ADS) at $24/ADS. Futu Securities fell more than 3%, Baidu and Jingdong fell 1.94%, Netease, Dali and Pingduo all fell more than 1%.
It is worth noting that with the rise of Bitcoin, the concept stocks of the U.S. stock block chain have risen. Bitstamp platform data show that Bitcoin rose above $5,400, hitting a peak of $5,466, the highest since November 19 last year. Marathon Patent rose by more than 40% and this year by more than 900%.
On the news side, the newly released summary of the Federal Reserves March FOMC monetary policy meeting shows that most Federal Reserve policymakers expect interest rates to remain stable this year.
Most officials believe the Fed needs to be patient on interest rates, given the uncertainties surrounding global economic and financial development. Some policymakers believe that there may be reasons to raise interest rates moderately later this year, and that more room should be reserved for interest rate increases when the economy improves. The Fed may change its view on whether to raise or cut interest rates next.
In terms of market hotspots, according to media reports, U.S. lawmakers from both parties have proposed legislation that will continue to provide tax credits for an additional 400,000 electric vehicles for each manufacturer after they reach 200,000 sales, which will boost the performance of Tesla and other companies. Tesla rose 1.38% by the close.
In addition, Nomura Securities covered the stock for the first time and gave it a neutral rating with a target price of $300. Nomura analysts said Tesla was a real disruptor of the automotive industry, but also believed that the companys rapid pace of global expansion deserved to be cautious in the near future.
Data released by the U.S. Department of Labor show that the consumer confidence index (CPI) rose 0.4% year-on-year in March, reaching a 14-month high, in line with market expectations. The CPI of the United States increased by 1.9% in March and 1.5% in February. Three-fifths of Marchs CPI growth came from rising energy prices, mainly gasoline and electricity prices.
Excluding volatile food and energy prices, the so-called core CPI grew by only 0.1%. Core CPI, which has attracted much attention, grew by 2%, the lowest growth rate in a year.
Global Financial Concern
The European Central Bank is holding its ground: Core inflation will fall in the coming months
Draghi said that the global economy continued to face adverse winds and downward risks. Inflation is likely to decline in the coming months, and potential inflation will rise in the medium term. The Euro quickly fell nearly 30 points against the dollar in the short term.
The monthly CPI rate in the United States after the March quarterly adjustment reached its highest level in more than a year.
Data released Wednesday by the U.S. Department of Labor showed that the monthly CPI rate rose by 0.4% in March, the highest in more than a year. After the CPI data were released, the dollar index fell five points in the short term.
Jingdong responded to the destruction of about 2019 school enrollment: very few do financial compensation
On the 10th, Beijing Dongfa issued a statement responding that due to the adjustment of its individual business and organizational structure, a small number of recent school recruiting posts could not fulfill the contract. It expressed sincere apologies for this and actively promoted a better solution, and would also make corresponding economic compensation in accordance with the agreement for the situation that the two sides could not fulfill the contract normally.
Former Merrill Lynch strategist: There is no bull market in the stock market in the next ten years. Gold money has a bright future!
Bob Farrell, a former Merrill Lynch senior strategist with high reputation in the industry, attended a conference this week hosted by Grants Interest Rate Observer. During the meeting, he pointed out that changes in market structure had made chart analysis more difficult, but he also believed that market sentiment was still a useful predictive tool because human nature had never really changed.
Nomura: The U.S. stock market is going to enter the countdown. The muddy water is a little deep!
Recently, there have been more and more discussions and divergences on the trend of the US stock market. Institutional and retail investors are facing the biggest stock market rebound since 2009. Stock funds have suffered the biggest outflow since 2008... How should investors choose when stock repurchases, occasional short selling squeezes and gamma-ray imbalances continue to push up the S&P 500 index?
The latest company financial report
The companys first earnings report since its IPO showed a profit of $146.6 million, or 37 cents per share, compared with a loss of $19 million, or 5 cents per share, a year ago. Levis reiterated his previous forecast that annual revenue would increase by a medium-digit percentage. Chip Bergh, president and CEO of Levis, said that extensive growth in all three regions and all channels proves that our strategy is working and that our investment has been rewarded.
Delta Airlines reported revenue of $10.4 billion in the first quarter of 2019, compared with $9.968 billion in the same period last year.
American Stock Company News
It is reported that JetBlue Airlines, a low-cost airline, will announce transatlantic flights as early as today. JetBlue may increase its services in London, but may also plan to offer routes from New York and Boston to other European cities, the report said.
Boeing shareholders initiated a class action. Investors filed a class action lawsuit Tuesday in Chicago Federal Court demanding compensation from Boeing for suspected securities fraud, according to Observer. com. According to the indictment, Boeing is effectively putting profit and growth above aircraft safety and integrity and is eager to market 737MAX to compete with Airbus, while eliminating additional or optional functions designed to prevent similar air crashes in Egypt and Indonesia.
The valuation of Europas IPO, the largest U.S. online car company, has shrunk. It is reported that the valuation of UBSs IPO has shrunk from $120 billion to between $90 billion and $100 billion, mainly due to the poor performance of its competitor Lyft after the IPO at the end of last month. Ubuntu has decided to seek to sell about $10 billion worth of shares in its initial public offering and will publish its prospectus on Thursday, according to people familiar with the matter.
Wal-Mart stores are deploying robots on a large scale. The company says it will deploy robots on a large scale in stores across the United States. It expects to add 1,500 sweeping robots, 300 rack scanning robots, 1,200 automatic fast conveyor belts and 900 automatic pick-up machines.
According to media reports, the UK may set up a special regulatory agency for Internet giants such as Facebook and Google.
Tesla expedited the deployment of the third generation Autopilot autopilot computer.
In addition, large American banks will be concerned. Chief executives of major U.S. banks will travel to Washington to participate in an event with the House Committee of Financial Services entitled Making Big Banks Responsible: Looking Back to Key Systematic Banks 10 Years after the Financial Crisis. Among them, JPMorgan Chase and Wells Fargo will unofficially kick off the first quarter earnings season, which will be released on Friday.
Zhongguo Stock News
Jingdong responded by laying off 8%: totally untrue. In response to media reports that companies are planning large-scale layoffs, Jingdong responded that it is totally untrue for the media to exaggerate the normal flow of staff within enterprises as a large-scale layoffs. Before that, it reiterated that Jingdong will expand its recruitment of 15,000 posts this year, and more than 130 recent graduates will join Jingdong.
Source: Editor-in-Charge of Oriental Wealth Network: Yao Liwei_NT6056