Financial Associated Press (Shanghai, editor Niu Zhanlin) - Before the market hours on Friday (January 21), all three major futures indexes of US stocks fell, and concerns about the Tightening of the Federal Reserve and weaker-than-expected economic and corporate earnings data lingered.
Stocks are off to an uncertain start to 2022, with fears that the Fed will take aggressive steps to rein in inflation, which has pushed US Treasury yields up rapidly, hitting tech and growth stocks in particular. The benchmark S&P 500 is down nearly 6 percent so far this year. Investors are anxiously awaiting the Fed's policy meeting next week for details of how it intends to respond to inflation.
Peter Tuz, president of Chase Investment Counsel, said: "I just think we're going to have a tough time in January. Valuations are high, interest rates are rising, the outlook is uncertain, and there is more to worry about now than a few months ago. ”
Mohit Kumar, managing director of Jefferies, said: "The outlook for risk assets in 2022 could be more challenging as the Fed tightens policy. We will wait for the Fed to make its statement clear before changing its cautious stance on the stock market. ”
Market dynamics
As of press time, Dow futures are down 0.36 percent, S&P 500 futures are down 0.66 percent, and technology-based Nasdaq 100 futures are down 1.04 percent.
In the previous session, the Dow closed down 0.89% at 34,715.39, the S&P 500 closed down 1.10% at 4,482.73, and the NASDAQ closed down 1.3% at 14,154.02. The NASDAQ is now down nearly 12 percent from a record high, closing thursday at its lowest level since June.
The trading European market fell across the board, with germany's DAX falling more than 2 percent, Europe's Stoxx 50 down 1.79 percent and France's CAC40 down 1.82 percent.
(Source: Ying Wei Cai)
Company news
Intel pledges $20 billion to build at least two semiconductor manufacturing plants.
Intel has pledged $20 billion to build a large manufacturing base in the Columbus suburb of New Albany, Ohio. Intel will build at least two semiconductor manufacturing plants here, will employ at least 3,000 people here, and plant construction will begin this year and is expected to be operational in 2025. Globally, chipmakers from automotive to consumer electronics are scrambling to ramp up production after chip shortages. Intel is trying to reinvigorate itself and reclaim its position as the "most advanced chipmaker" from the leader TSMC.
【Weilai's 800th substation was officially launched at Hangzhou IKEA】
According to WEILAI news, on January 21, weilai's 800th substation was officially launched at Hangzhou IKEA. It is reported that Weilai has added 100 new power stations in the past 33 days, and an average of 3 power stations have been put on the line every day. As of the 21st, WEI HAS laid out 800 substations, 637 supercharge stations, 645 destination charging stations, and accessed 460,000+ third-party charging piles nationwide. In 2022, NIO will continue to lay out and complete the construction target of 1300+ substations.
[Netflix plunged 21% before the market, Q1 new users guidance is far lower than expected]
Netflix plunged 21 percent in premarket on Friday at $401.5. On the news side, the guidance of the number of new users in Netflix Q1 is much lower than the market expectations, and the target price has been lowered by many large banks after the performance. In fact, analysts have generally agreed that Netflix's growth in its largest markets, the United States and Canada, has been sluggish and there is an urgent need to explore emerging markets and seek overseas growth. And this disappointing financial report reflects Netflix's current lack of growth in emerging markets from the side.
[Peloton CEO refutes media reports about its layoffs and productions]
Peloton CEO John Foley refuted media reports of Peloton's shutdown and layoffs. Peloton shares plunged 23.9 percent during regular trading hours on Thursday, below the IPO price for the first time in nearly two years, after CNBC reported that Peloton sports and fitness equipment would be discontinued due to falling demand. But after Peloton's preliminary earnings report and a letter from Foley, the company's stock jumped nearly 10 percent in after-hours trading. In a publicly released letter to the Peloton team, Foley said: "This week we have encountered a confidential leak that has led to a lot of speculative articles in the media. "The information obtained by the media is incomplete, taken out of context, and does not reflect Peloton's strategy."
[Twitter launches NFT avatar function to enter the digital goods business]
Twitter will begin allowing some users to use non-homogeneous tokens (NFTs) as avatars, thus entering a digital goods business that has grown rapidly over the past year. The feature, which launched thursday, is available to users of Twitter's Blue subscription service. This marks the company's best effort to date in the field of NFTs, a token that acts as a token for the authenticity of virtual goods such as digital art that can be tracked and traded through blockchain technology, a digital ledger.
[Sony expects Microsoft to keep Activision Blizzard games on multiple platforms]
Sony Group said on Thursday EST that if Microsoft completes its proposed acquisition of Activision Blizzard, Microsoft is expected to ensure that Activision Blizzard's games can be listed on non-Microsoft game platforms. A Sony spokesperson said Thursday: "We expect Microsoft to comply with the contractual agreement and continue to ensure the multi-platform nature of Activision games." ”
Events worth paying attention to in the US stock market time period (Beijing time)
January 21
21:30 Canada Retail Sales moM ( Nov
23:30 US December Consultative Conference Leading Indicator MoM
January 22
02:00 Total Oil Rigs (Ports) for the Week Ending January 21
![U.S. stocks close down: Chinese new energy vehicle stocks are lower across the board Weilai fell more than 6%[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)