Financial Associated Press (Shanghai, editor Zhao Hao) news, on Thursday (January 27), the three major U.S. stock indexes experienced another turbulent day, the Federal Reserve, GDP and corporate earnings reports made investors waver.
Yesterday's "hawkish" speech by Fed Chairman Jerome Powell has unnerved the market, confirming that interest rates will be raised in March this year and that there is "considerable room" for future rate hikes. Tom Essaye, founder of Sevens Report, said, "Powell reinforced the concept that rate hikes are serious, which will continue to dominate market volatility until March. ”
Data released by the U.S. Department of Commerce before hours showed that the U.S. real GDP in the fourth quarter was 6.9% quarter-on-quarter, up from 2.3% above the previous value. In addition, the data also shows that the US GDP growth rate for the whole year of 2021 is 5.7%. Mike Reynolds, vice president of investment strategy at Glenmede, commented, "This GDP report is a nice surprise in a series of recent disappointing economic data. ”
In addition, the fourth-quarter earnings season is seen as a major test of whether the stock market valuation is reasonable. Intel and Tesla both reported strong quarterly results, but their shares fell 7.04 percent and 11.55 percent, respectively.
Market dynamics
As of the close, the Dow jones was down 0.02 percent at 34,160.78; the S&P 500 was down 0.54 percent at 4,326.50; and the NASDAQ was down 1.40 percent at 13,352.80.
Most of the U.S. stock industry ETFs closed lower, with semiconductor ETFs falling more than 4.2%, optional consumer ETFs falling more than 2.4%, banking ETFs and regional bank ETFs falling more than 2.1%, and energy ETFs rising about 1.1%.
Hot stock performance
Big tech stocks were mixed, with Apple down 0.29 percent, Microsoft up 1.05 percent, Google A down 0.09 percent, Amazon up 0.55 percent, and Meta flat. Netflix rose 7.51 percent after billionaire investor William Ackman showed his hedge fund bought 3.1 million shares of Netflix stock.
New energy vehicle stocks collectively fell, Tesla fell 11.55%, the lowest closing price since October 14, 2021, the company warned that supply chain restrictions will run through the year, and said that no new models will be launched this year. Rivian fell 10.50 percent and Lucid fell 14.10 percent.
Chinese stocks fell, with the Nasdaq Golden Dragon falling 4.5 percent to close at 7,527.62.
Popular Chinese stocks generally fell, jd.com fell 6.23%, Pinduoduo fell 6.01%, Bilibili fell 5.79%, Didi fell 4.18%, iQiyi fell 4.07%, Weibo fell 3.58%, Baidu fell 3.08%, NetEase fell 2.29%, Alibaba fell 1.39%.
The new car-making forces fell together, Xiaopeng Automobile fell 12.57%, Weilai Automobile fell 6.84%, and Ideal Automobile fell 6.54%.
Among the Chinese education stocks, Good Future fell 13.04%, Gaotu fell 8.29%, and New Oriental fell 8.03%.
Company news
[Apple hit the highest single-quarter revenue in history, net profit increased by 20.43% year-on-year to $34.63 billion]
Apple's first-quarter revenue was $123.95 billion, up 11% year-on-year, the highest single-quarter revenue ever, with market estimates of $119.05 billion, compared to $111.439 billion in the same period last year; net profit of $34.63 billion, up 20.43% year-on-year, with market expectations of $30.954 billion compared to $28.755 billion in the same period last year; earnings per share of $2.1, market estimates of $1.9, compared to $1.68 in the same period last year. First-quarter iPhone revenue of $71.63 billion, market expectations of $67.74 billion, up 9.2% year-on-year; Mac revenue of $10.85 billion, analysts expected $9.53 billion; product revenue of $104.43 billion, analysts expected $99.30 billion; Pad revenue of $7.25 billion, analysts expected $8.11 billion; wearables, home, Peripheral revenue was $14.70 billion, analysts expected $14.16 billion, services revenue was $19.52 billion, analysts expected $18.64 billion. Greater China sales were $25.78 billion in the first quarter, compared to $21.31 billion last year.
[Apple CFO: Supply restrictions lead to iPad shortages]
Apple said consumer reaction to recent new products has been very strong, with a record base of installed devices. The Company continues to believe that it will still achieve net cash neutrality over time.
Apple's CFO said "very severe supply constraints" led to a shortage of iPads, with supply chain problems mainly stemming from chip shortages for older models; supply chain issues eased this quarter due to continued cooperation with suppliers; and supply chain issues resulted in losses of more than $6 billion in the quarter, in line with guidelines. It also said it expects this quarter to set a record for march quarterly revenue.
[Another big move after Facebook changed its name Oculus changed its name to Meta Quest]
At present, Meta's virtual reality division Oculus official tweet has been renamed "Meta Quest" and said that "what has changed is the name, and what has not changed is the mission". This name change means that all of the company's future VR/AR products will be launched under new brands. For example, Oculus Quest 2 will later become Meta Quest 2.
【Google Cloud Division Builds New Team to Build Business Around Blockchain】
According to CNBC, Google's cloud division has set up a new team to build business around blockchain applications. Analysts say the move, if successful, will help Google further diversify beyond its advertising business and further consolidate its position in the growing market for compute and storage services. Google's cloud marketplace already offers tools that developers can use to build blockchain networks. Google also has a number of blockchain customers, including Dapper Labs, Hedera, Theta Labs, and some digital exchanges. In addition, Google also provides datasets that people can browse using the BigQuery service to view the transaction history of Bitcoin and other currencies.
[GM CEO sighs after riding a self-driving car: This is incredible]
GM CEO Mary Barra rode with executives from GM subsidiary Cruise in a modified Chevrolet Bolt EV equipped with Cruise's self-driving system. Afterwards, Barra said: "It's incredible, self-driving technology can change the way people move in this way." ”
【Pfizer's COVID-19 oral drug approved by the EU Drug Regulatory Agency】
The European Medicines Agency (EMA) approved Pfizer's COVID-19 oral drug "Paxlovid", making it the first oral antiviral drug in Europe to be used to treat COVID-19. Studies have shown that Paxlovid can reduce hospitalization and mortality rates in severely ill COVID-19 patients, and may also be effective for Omi kerong.
【VISA's first quarter net revenue of $7.1 billion market estimate of $6.8 billion】
VISA's first-quarter net revenue was $7.1 billion, compared to an estimated $6.8 billion, adjusted earnings per share were $1.81, compared to a market estimate of $1.70, and earnings per share were $1.83, compared to $1.42 for the year-ago quarter. Payments transaction volume in the first quarter was $2.97 trillion, with the market estimated at $2.86 trillion.
【Rumors that Tencent will privatize Douyu】
Sources said Tencent hopes to work with at least one private equity firm to take Douyu private. Douyu closed up 14.03%.