The three major U.S. stock indexes all rose more than 1% intraday! Tesla fell more than 4 percent

As of press time, the Dow rose 376.17 points at 34,544.26 points, or 1.1 percent; the Nasdaq rose 140.24 points at 13,682.36 points, or 1.04 percent; and the S&P 500 rose 52.59 points at 4402.52, or 1.21 percent.

In terms of technology stocks, Apple rose 1.88%; Facebook rose 0.76%; Amazon rose 0.91%; Microsoft rose 2.52%; Google rose 1.97%; Netflix rose 6.18%; Tesla fell 4.79%.

Among the 30 constituent stocks of the Dow, Dow Chemical, Microsoft, Nike, Saifushi and others rose more than 2%.

In terms of Chinese stocks, Alibaba fell 1.9%; Baidu fell 2.21%; JD.com fell 3.6%; NetEase fell 1.55%; Sina Weibo fell 0.37%; Pinduoduo fell 6.03%; Qutoutiao rose 4.33%; Weilai fell 3.68%; iQiyi fell 2.81%; Xunlei fell 2.27%; Momo fell 2.49%; Huanju Times fell 0.24%; Huya fell 0.64%; Bilibili fell 4.92%; and Autohome fell 2.57%.

Bridgewater: Those who want to bottom out, etc. The US stock market will fall by up to 20% before the Fed bottoms out.

According to Zhitong Finance, Greg Jensen, co-chief investment officer of Bridgewater, said that the S&P 500 index is expected to fall by up to 20% before the Fed acts.

If Bridgewater's predictions come true, the S&P 500 will fall below 3,500 points, or near the levels before the outbreak two years ago. Jensen explained that the reality is that policymakers have little reason to come to the rescue, and the sell-off has hit the most speculative stocks hard and spurred stock market volatility to 12-month highs. Instead, the U.S. is facing inflation at its highest level in 40 years, labor shortages, and businesses hoarding inventory due to a supply chain crisis.

Goldman Sachs bullish on U.S. stocks this year: It's time to bottom out

Since the beginning of the year, fears of a possible Rate Hike by the Federal Reserve as soon as March and the reduction of quantitative easing have kept the three major U.S. stock indexes falling. However, Goldman Sachs analysts are very optimistic about the rebound of US stocks this year, believing that now is the time to buy on dips.

In Goldman Sachs' view, although the Fed will raise interest rates this year has gradually become the consensus of the market, the magnitude of the rate hike may not be very large. Goldman Sachs analyst Peter Oppenheimer said in the report that any further large decline in the U.S. stock index should be seen as a buying opportunity, and U.S. stocks are expected to rise moderately throughout the year.

The number of unemployed in the United States fell for the first time in four weeks

After rising to its highest level since last October, the number of U.S. first-time jobless claims last week saw its first decline this year.

Data released thursday by the Labor Department showed 260,000 first-time jobless claims in the week of Jan. 22, slightly below the 265,000 expected by economists and 30,000 fewer than the previous revised value of 90,000. It is also the first time since the beginning of the year that the number of people applying for unemployment benefits has improved.

U.S. Real GDP in the fourth quarter was 6.9% Q/A above expectations

On January 27, the U.S. Department of Commerce's Bureau of Economic Analysis released data showing that the U.S. real GDP in the fourth quarter was 6.9% quarter-on-quarter, higher than the previous value of 2.3%, and also higher than the median estimate of 5.5% for economists surveyed by Bloomberg, restoring economic growth to the level of early 2021.

Due to the low base in 2020, the US GDP growth rate in 2021 is 5.7%, the largest increase since 1984.

The Fed tightens monetary policy

On Wednesday, January 26, EST, the Federal Reserve Open Market Committee FOMC announced its January interest rate decision, keeping near-zero interest rates and reducing the size of bond purchases unchanged, while releasing strong signals that the next meeting in March this year may decide to start raising interest rates, and is expected to complete Taper as scheduled in March.

At a subsequent press conference, Powell said that [Fed monetary] policy has been adapting to changing circumstances. He was pleased with the resilience of the U.S. economy, while also reminding the Opichron variant that it would be detrimental to U.S. economic growth in the first quarter of 2022.

At the same time, Powell stressed that the two functions of achieving full employment and maintaining price stability require the Fed to withdraw its easing policy; it is too early to judge whether the Fed's policy is excessively accommodative.

As for the issue of rate hikes that are generally concerned by the market, although the (overall) magnitude of the rate hike has not yet been decided, Powell said that the possibility of raising rates at every FOMC meeting is not ruled out.

Company news

Tesla released a strong earnings report but warned that supply chain problems will continue into 2022

After market hours on Wednesday, Tesla released a stronger-than-expected fourth-quarter earnings report. Tesla's adjusted earnings per share in the fourth quarter were $2.52, better than Analysts' expectations of $2.36, according to the earnings report; Tesla's fourth-quarter revenue was $17.72 billion, up 65% year-on-year, better than analysts' expectations of $16.57 billion. Tesla's fourth-quarter net profit was $2.32 billion, up about 760% year-over-year. Tesla said the company's gross margin was 27.4 percent, up from 26.6 percent in the previous quarter. Tesla's automotive business revenue was $15.97 billion, up 71% year-over-year. But Tesla warned in a statement that supply chain problems could persist into 2022.

Apple plans to introduce a new service: the iPhone can directly accept credit card payments without additional hardware

According to media sources quoted by people familiar with the matter, Apple is planning to launch a new service that allows small businesses to accept credit card payments directly on the iPhone without any additional hardware. Currently, the iPhone can accept credit card payments through external hardware such as Square Reader, but Apple's new technology will eliminate the need for third-party products. It's unclear whether the payment service will be bundled into Apple Pay, although the team working on developing the feature has been working in Apple's payments division since Mobeewave was acquired, and it's unclear whether Apple intends to work with existing payment networks to launch the feature, or separately, the people said. Apple is likely to roll out this feature in the coming months with a software update. Apple expects to release the first beta version of iOS 15.4 soon, with an official version likely to be available to consumers as early as this spring.

Intel's earnings report "fly in the ointment": Q4 net profit fell sharply by 27%

After market hours on Wednesday, Intel announced its fiscal fourth quarter ended December 26, 2021. Although Q4 revenue and adjusted earnings per share both exceeded expectations, net profit for the current period fell by nearly 30%, bringing a slight shadow to investors. Intel's fourth-quarter adjusted earnings per share were $1.09, better than market expectations of $0.91; revenue of $19.5 billion, up 4 percent from $18.9 billion in the year-ago quarter and better than market expectations of $18.31 billion; and net income of $4.5 billion, down 27 percent from $6.1 billion in the year-ago quarter, according to earnings.

Facebook-owned cryptocurrency company Diem will wind up and sell its assets

The Diem Association will wind up and sell its technology to a small California bank serving bitcoin and blockchain companies for about $200 million, a person familiar with the matter said. Diem was founded by Facebook in 2019 to create a network of future payments. The bank, called Silvergate Capital Corp., has previously struck a deal with Diem to issue stablecoins, which is at the heart of Facebook's plan. Stablecoins are backed by hard currencies and are designed to make volatility lower than Bitcoin and other digital currencies.

The Xilinx acquisition was approved by China

China's State Administration for Market Regulation conditionally approved AMD's acquisition of Xilinx, clearing the way for one of the largest deals in the global semiconductor industry. The State Administration for Market Regulation said in a statement that the State Administration for Market Regulation had approved the transaction under certain conditions. At present, the acquisition has won approval from regulators in other countries such as the United States, Europe and the United Kingdom.

Deutsche Bank's full-year net profit of 2.51 billion euros hit a 10-year high

Deutsche Bank's fourth-quarter and full-year results for 2021 showed revenue of €5.9 billion, an increase of 8% year-on-year, net profit of €315 million, an increase of 67% year-on-year, and diluted earnings per share of €0.12, an increase of 79% year-on-year. Revenue for the full year 2021 was €25.41 billion, up 6% year-on-year; Net profit of €2.51 billion, compared to €624 million in the year-ago quarter, the highest since 2011; Earnings per diluted share were €0.93, compared to €0.07 in the same period last year.