Financial Associated Press (Shanghai, editor Shi Zhengcheng) news, on Wednesday, local time, under the influence of news such as the approval of the vaccine to be listed, the progress of fiscal stimulus negotiations, and the rebound in oil prices, the three major US stock indexes collectively recovered the decline in the case of a 1% decline at the opening, and only the NASDAQ closed slightly down.
<h3>(Source: TradingView).</h3>
Tom Hainlin, an investment strategy analyst at Ascent Private Wealth Group, said the stock market is still in a state of pushing and pulling, and the market has fallen into this rhythm of "two steps and one step back" in the past few months.
A positive incentive for the market was the afternoon joint statement issued by Top Democrat Pelosi and Schumer in support of the Senate bipartisan panel proposal as a "basis for negotiations."
Market dynamics
By the close, the S&P 500 was up 0.18% to a slight all-time high at 3669.01; the NASDAQ was down 0.05% at 12349.37; and the Dow was up 0.20% at 29883.79.
From the perspective of industry concept, the oil and gas, coal, department stores, finance, tourism services, and aviation sectors that benefited from economic recovery rose high; the logistics and transportation and solar energy sectors collectively weakened.
Hot stock performance
Today's U.S. technology leaders are up and down. By the close Apple was up 0.29 percent, Tesla was down 2.73 percent, Amazon was down 0.51 percent, Google was up 1.66 percent, Facebook was up 0.34 percent, Microsoft was down 0.39 percent, Qualcomm was down 0.42 percent, AMD was up 1.20 percent, and Netflix was down 0.24 percent.
Most of the popular Chinese stocks fell on Wednesday. Among them, Alibaba fell 1.02%, JD.com fell 1.15%, Pinduoduo rose 5.51%, NetEase fell 2.06%, Weilai Automobile rose 5.78%, Baidu rose 2.45%, Xiaopeng Automobile rose 6.95%, Ideal Automobile fell 0.32%, Lu Jinsuo fell 10.12%, Eggshell Apartment fell 0.59%, Huanju Times fell 2.99%, Canaan Technology fell 20.21%, and Youdao rose 0.49%.
Company news
【UK approved use of Pfizer/BioNTech COVID-19 vaccine available in the UK from next week】
According to the british government official website on the 2nd, the spokesman of the British Ministry of Health and Social Health said that the government has accepted the recommendation of the Drug and Medical Products Regulatory Authority to approve the use of the new crown vaccine of Pfizer and the German biotech company (BioNTech). The vaccine will be available across the UK starting next week. Affected by the news, Pfizer rose 3.53% and BioNTech rose 6.21% on Wednesday.
【Spotify pushes "Annual Song List" stock price hit a record high】
On Wednesday, local time, music streaming platform Spotify officially pushed a personalized annual song list collection to users, showing users' listening preferences in the past year, and related tags also rushed to the first place in the North American Twitter trend. At the same time, Spotify also announced the platform's annual broadcast record, bad Bunny, Drake, J. Barrvin, Jose Wald, The Weeknd became the platform's most played works of the year artists. Affected by market sentiment, Spotify's stock price rose as high as 16.25% during the day and closed up 12.60% to a record high.
【American Airlines Holds Boeing 737 MAX Media Test Ride】
On Wednesday, local time, American Airlines invited more than 100 company executives, employees and media to test the Dallas-Tulsa route, which is also the first time since March 2019 that the aircraft has carried social people, aiming to rebuild social confidence in the aircraft. Under the current arrangement, American Airlines will complete the first flight of the 737MAX back to commercial routes on Dec. 29.
Palantir downgraded by investment banks, plunging 12%
On Wednesday, local time, Morgan Stanley downgraded the rating of big data analytics company Palantir from "hold" to "sell", saying that Palantir's valuation rose sharply by 155% after listing without any change in fundamentals, which is obviously bad for the stock price from the perspective of the risk/return paradigm. Affected by this, Palantir fell 12.31% on Wednesday, and the stock has fallen 32.8% since hitting an all-time high on Friday.
【Discovery Channel Partners Verizon Launches Streaming Service】
Discovery on Wednesday announced the launch of discovery+ streaming service with telecom giant Verisign, which will go live in the U.S. from Jan. 4 next year. Existing Verisign users can get a free subscription for up to 12 months under the package, and the subscription price for new users is $4.99 (with ads) and $6.99 (de-advertised).
【The demand for online shopping in the United States is bursting, and the courier company refuses to accept some retailers' packages】
According to media reports, on the past "Cyber Monday", ups in the United States notified drivers nationwide to stop receiving packages from six retailers, including Nike, GAP, Macy's and other retailers, and similar temporary restrictions had never appeared in the previous holiday season. According to the American Retail Federation' expectations, the number of online shopping in the last five days, including Black Friday and "Cyber Monday," surged 44% year-on-year.