Financial circles on February 19 news, investors weighed the Fed officials' remarks and corporate earnings reports, while continuing to pay attention to the latest developments in the situation in Eastern Europe, the US stock market shock closed down, the S&P 500 index 11 sectors were almost completely destroyed, the information technology sector led the decline.
The Dow Jones Industrial Average closed down 232.85 points, or 0.68%, at 34,079.18 points; the S&P 500 closed down 31.39 points, or 0.72 percent, at 4,348.87 points; the NASDAQ closed down 168.65 points, or 1.23 percent, at 13,548.07 points; the Dow fell 1.90 percent this week, the NASDAQ fell 1.76 percent, and the S&P fell 1.58 percent for the second consecutive week.
The price of gold for April delivery fell $2.20, or 0.1%, to close at $1,899.80 an ounce, rising 1.6% on Thursday, the highest settlement price for the most active contract since June 2, 2021. This week, the price of gold rose 3.1%, the largest weekly gain since May 2021. West Texas Intermediate crude, delivered on the New York Mercantile Exchange for March, fell $1.01 to $90.75 a barrel by 1.1 percent, making the U.S. benchmark crude price likely to fall 2.6 percent this week. Ice European Futures Exchange monthly Brent crude oil prices fell 74 cents to $92.23 a barrel, or 0.8 percent, and are expected to fall 2.2 percent this week.
Popular Chinese stocks closed down on Friday, with Zhihu and Manbang leading the decline, and new energy vehicle stocks falling. Soundnet fell more than 14%, Zhihu fell more than 12%, Manbang fell more than 11%, Dingdong bought vegetables fell more than 9%, Douyu fell more than 8%, NetEase Youdao, Uxin fell more than 7%, Bilibili, iQiyi, Pinduoduo, Liandai Technology, Phoenix New Media fell more than 6%, Cheetah Mobile fell nearly 6%, Baidu, Qutoutiao, Weimei Hologram, Ninth City, China Net Carrier Line, Zhangmen Education, 51Talk, Tencent Music fell more than 5%, Xunlei fell nearly 5%, Alibaba, Ctrip, Wuxin Technology fell more than 4%, JD.com, New Oriental, Shell, Autohome and Huya fell more than 3%, Vipshop and Tencent ADR fell more than 2%, Huanju Group fell nearly 2%, and NetEase, Good Future, Tuniu and Renren fell more than 1%. Among the new energy vehicle stocks, Weilai Automobile fell more than 6%, and Xiaopeng Automobile and Ideal Automobile fell by more than 3%. Ruisi soared by more than 39%, Fun Live and Lixiang Education rose by more than 5%, Future Worry-free rose by nearly 2%, and Lu Jin rose by more than 1%.
And Brad contradicted the Fed's "three hands": the first rate hike does not need to be too aggressive
New York Fed President Williams, the Fed's "three-in-command", said that the Fed does not need to start the rate hike cycle with a sharp rate hike, but should steadily raise interest rates and adjust the pace of interest rate hikes if necessary.
Williams' remarks refuted the aggressive views of St. Louis Fed President Bullard, who this week reiterated previous claims that the Fed should raise rates by 50 basis points at its March rate conference, raise rates by 100 basis points by July, and begin cutting its balance sheet by nearly $9 trillion in the second quarter to cope with its highest level of inflation in 40 years.
Williams, who took part in a virtual event at the University of New Jersey City on Friday, said he didn't think there was any convincing reason to take a big step in the first place. The Fed can steadily raise interest rates and assess the progress of the process.
Biden signed the Interim Appropriations Act to avoid a U.S. federal government shutdown
US President Biden officially signed the temporary appropriations bill passed by the US Senate on the evening of the 17th to ensure that the federal government has enough funds to continue to operate until March 11, temporarily avoiding the dilemma of the federal government shutdown.
The U.S. Senate voted on the interim appropriations bill on Feb. 17, and the House of Representatives has previously voted to pass it. Because the Democratic and Republican parties are temporarily unable to agree on the FY2022 Federal Budget, the U.S. Congress can only temporarily pass the Temporary Appropriations Act to keep the federal government running.
The Fed announced sweeping trading restrictions to prevent another moral scandal
The Fed formally imposes harsh and sweeping restrictions on the investment and trading practices of central bankers to prevent a recurrence of the moral scandals that disgraced the Fed last year. The changes set out in the form of regulations to limit unsolicited trading guidelines announced last October, prohibiting the buying and selling of individual stocks and raising disclosure requirements for policymakers and senior staff. Previously, three senior officials exposed unusual trading activity in 2020, when the Fed was actively intervening to protect the economy from Covid-19. All three officials subsequently announced their resignations.
The Fed said in a statement Friday that the new rules "are designed to uphold public confidence in the fairness and integrity of the committee's work by preventing any conflict of interest." ”
The governor of the Chicago Fed called for a "drastic adjustment" in policy bluntly saying that the current position of cargo administration is wrong
Chicago Federal Reserve Bank President Charles Evans said monetary policy should be sharply adjusted to cope with soaring inflation. New York Fed President John Williams supported launching a rate hike next month. Evans said Friday at a New York conference hosted by the University of Chicago's Booth School of Business that "the current monetary policy stance is wrong and requires substantial adjustments."
Williams said at an event in New Jersey that raising the target rate range at the March meeting was appropriate in the context of a strong U.S. economy, and that the Fed needed to deal with inflation well above the 2 percent target.
Iranian Foreign Minister: I hope that the Iranian nuclear negotiations will reach a good agreement in the near future
Iranian Foreign Minister Abdullahyan said on February 18 that he hoped that the negotiations between the parties to the JCPOA on the Iranian nuclear issue would reach a good agreement in the near future.
According to Iran News Television, Abdullahyan, who arrived in Germany on the 18th for the 58th Munich Security Conference, told the media that Iran put forward "positive initiatives" at the negotiating table and that the parties were "very close to reaching a good agreement". But the Western countries involved in the negotiations must show real initiative and flexibility if the negotiations are to bear fruit in the coming days or weeks.
Nasdaq falls out of the "dead fork" technical signal Why are analysts shouting "don't panic" at this time?
The Nasdaq Composite saw a rapid downward movement, falling as much as 1%. Although this decline is not ugly in this year's market environment, for many "chart trading" investors, there is a special technical signal today: the 50-day line crosses the 200-day line downwards, which is commonly known as the "Death Cross".
The signal is also the first since April 2020, and counting the decline since the opening of the market on Friday, the NASDAQ has fallen by 16% from its all-time high in November last year. Even more alarming is the same signal in june 2000 and January 2008 when the two stock market crashes broke out. However, standing at the current juncture, some analysts are shouting "don't panic" in the market storm.
February 21 is the "Washington Birth Anniversary" U.S. stock market closed for one day
February 21 (next Monday) is the "Washington Birth Anniversary" in the United States, the US stock market is closed for one day, and normal trading resumes on February 22 (next Tuesday). A shares, Hong Kong stocks, Hong Kong stock connect and Shanghai and Shenzhen stock connect are not affected and are traded normally.
WARREN BUFFETT: Buying Activision Blizzard stock is not inside information and it doesn't make any money
In the recently released 13F report, Buffett's Berkshire Hathaway Company, the "god of stocks", bought 14.65 million shares of Activision Blizzard stock in the fourth quarter of last year, which attracted market attention. Given that Buffett has always been "cold" to technology stocks, this operation is somewhat surprising. Coincidentally, in January this year, after Microsoft's official acquisition of Activision Blizzard, Activision's stock price experienced a wave of sharp rise.
On Thursday, Buffett's office released a letter to the media. Buffett said in the letter that when Berkshire made an investment in Activision Blizzard late last year, he was unaware of Microsoft's upcoming acquisition of Activision Blizzard, and that the investment was "no bonanza" for Berkshire.
Given that Buffett and Microsoft co-founder Bill Gates have been friends for decades, Gates also served on Berkshire's board of directors. Buffett's "coincidental" timing of the stock purchase raises suspicions that he obtained existential insider information in advance.
SpaceX's 1:10 split was the company's first stock split
Tesla CEO Elon Musk's space exploration company SpaceX is splitting its common stock at a 1:10 ratio, and the company's valuation has soared to more than $100 billion.
The stock split means that for every share of SpaceX shares held as of Thursday, the shareholder now owns 10 shares after the conversion. According to a company-wide email obtained by the media, SpaceX was valued at $560 per share in its most recent sale, and the split reduced its common stock to $56 per share.
Xiaopeng Motors was included in the Hang Seng Technology Index
Xiaopeng Motors today announced that the company has been included in the Hang Seng Technology Index constituent stocks. According to hang seng Indexes Limited's announcement today, the inclusion will come into effect on 7 March 2022.
He Xiaopeng, Chairman and CEO of Xiaopeng Motors, said: "I am very pleased that Xiaopeng Motors is among the constituent stocks of the Hang Seng Technology Index. The Hang Seng Index Series has long been regarded as the most important indicator of the performance of the Hong Kong stock market. The companies that can be selected for the Hang Seng Technology Index represent the 30 largest technology companies listed in Hong Kong. Xiaopeng Automobile became one of the first companies to be included after the new theme of "intelligence" added to the Hang Seng Technology Index, which shows the market's full recognition of Xiaopeng Intelligent Technology's leading position, and also shows investors' confidence in our performance, investment value and future prospects.
New Oriental invested in the establishment of a layout of future technology companies, the scope of business includes integrated circuit manufacturing
Taiyuan Layout Future Technology Co., Ltd. was established, the legal representative is Zhang Bei, the registered capital is 1 million yuan, the business scope includes: 5G communication technology services; integrated circuit design; integrated circuit sales; integrated circuit manufacturing (only branch operations) and so on. Equity penetration shows that the company is 100% controlled by Beijing Layout Future Education Technology Co., Ltd., which is a wholly-owned subsidiary of New Oriental Education Technology Group Co., Ltd.
Multiple Z+ generation trademarks of Station B were rejected
According to the Tianyancha App, recently, the trademark process of "Z+", "BILIBILI Z+ Generation", "GENERATION Z+" and "GEN Z+" applied for by Shanghai Xiandian Information Technology Co., Ltd., an affiliate of Station B, has been changed to "Notice of Rejection" and "Rejection Review", and the international classification includes education and entertainment, advertising sales, food, etc. Previously, several of the company's Z+ related trademarks have been successfully registered.
This article originated from the financial world