Financial Associated Press (Shanghai, editor Ah Le) news, on Wednesday (August 4) the three major U.S. stock indexes rose and fell. As the "small non-farm" released in the morning session fell sharply less than expected, the three major stock indexes maintained their downward trend intraday, and only the NASDAQ regained lost ground before the close.
The ADP survey showed that private sector employment in the United States increased by 330,000 jobs in July, well below the expected 653,000. On Friday, the U.S. Bureau of Labor Statistics will release its July employment situation report, and ADP employment as a forward indicator indicates that non-farm payrolls may perform disappointingly in July.
However, the Services Purchasing Managers' Index (PMI) for services released by the American Institute for Supply Management (ISM) hit a record high in July. In addition, Fed Vice Chairman Clarida stressed that there is an upside risk to inflation and expects the Fed to raise interest rates starting in 2023.
The Dow Jones closed down 323.73 points or 0.92 percent at 34,792.67 points; the S&P 500 fell 21.55 points, or 0.49 percent, at 4,401.60 points; and the Nasdaq composite closed up 19.2 points, or 0.13 percent, at 14,780.50 points.
<h3>(Dow Jones Index Daily Chart, Source: Uk Wei Cai)</h3>
Scott Wren, a strategist at the Wells Fargo Investment Institute, said in the report, "We need consumers to go out and spend money, not worry about the virus sitting at home." However, based on the fact that major stock indexes are close to record highs, it is reasonable to conclude that investors are not so worried about the Delta variant at present. ”
Hot stock performance
Big tech stocks were mixed, with Facebook up 2.20%, Netflix up 1.28%, Microsoft down 0.23%, Apple down 0.28%, Amazon down 0.33%, and Google A down 0.36%.
Following yesterday's 24% surge, online brokerage Robin Hood rose again 50.36 percent to close at $70.37, reaching $85, or 81 percent, at one point during the session.
Novavax signed a big deal with the European Union, NovaVac surged 18.68% during the day, driving Modena up 8.41%, but Pfizer fell 1.07%.
New energy vehicle stocks rose, Tesla rose 0.17%, Xiaopeng Motors rose 2.39%, Weilai rose 1.17%, Ideal Cars rose 0.46%, Faraday Future rose 1.64%.
Chinese education stocks rose and fell differently, elite education soared 73.01%, Gaotu fell 10.78%, New Oriental fell 5.41%, good future fell 4.84%.
Chinese game stocks stabilized and narrowed, with Tencent ADR up 4.06%, NetEase down 0.04%, and Bilibili down 1.03%.
Due to the Xinhua News Agency's vigilance against the flow of electronic cigarettes to minors, Wuxin Technology swooped down from $5.20 to $4.53 after the opening, closing at $4.61, down 4.95%.
Alibaba rose 1.68%, JD.com rose 1.65%, iQiyi rose 0.18%, Pinduoduo rose 0.42%, Baidu fell 0.16%, Didi fell 3.57%, and Manbang rose 7.46%.
Company news
[EU and Novávacs initially reached a 200 million doses of COVID-19 vaccine supply agreement]
Reuters reported on August 4 that the European Commission reached a preliminary agreement with Novaks on Wednesday to buy 200 million doses of novavax new crown vaccine. The European Commission said that under the agreement, once the European Medicines Agency approves the Novavax vaccine, EU countries will be able to purchase up to 100 million doses of the vaccine, with the option of buying an additional 100 million doses.
[CVS Health says the peak of vaccination in the United States has passed]
CVS Health's chief executive said Wednesday that the peak of COVID-19 vaccination in the United States has passed. CVS Health has injected 30 million doses of the vaccine, but vaccination rates have slowed significantly since April.
【Media: Three automakers will commit to electric vehicle sales targets】
Multiple sources told the media that General Motors, Ford Motor and Stellantis Group will pledge at an event at the White House on Thursday that electric vehicle sales will account for 40 to 50 percent by 2030. They will also call on the U.S. government to provide billions of dollars in aid to achieve the goal.
[Toyota's fiscal first quarter results exceed expectations, but chip shortage makes future prospects cautious]
Toyota Motor motor reported its first fiscal quarter results, due to the rebound in sales, the company's operating profit in the quarter was 997.49 billion yen, an increase of 11.4 times year-on-year, far exceeding analysts' expectations. However, the company did not raise its full-year performance forecast due to the increasing number of new crown cases and the global chip shortage. In the first fiscal quarter of this year, net profit attributable to Toyota was 897.83 billion yen ($8.228 billion), an increase of 7.39 times year-on-year.
【GM Q2 year-on-year turnaround】
GM announces financial results for the second quarter of 2021. According to the financial report, the company's revenue was $34.167 billion, compared with $16.778 billion in the same period last year; net profit was $2.779 billion, compared with a net loss of $780 million in the same period last year. Net income attributable to shareholders was $2,836 million, compared to a net loss of $758 million for the year-ago quarter, compared to a diluted gain of $1.90 per share compared to a loss of $0.56 for the year-ago quarter.
【2021 New York International Auto Show Cancelled】
Amid concerns about the spread of the Delta variant, organizers of the 2021 New York International Auto Show canceled the event for the second consecutive year. President Mark Schieenberg said in a statement on Wednesday that "all the signs are positive, the auto show is stronger than ever, but the situation is different now." The statement mentioned that state and local government officials recently announced stricter measures to protect the public from the coronavirus. The organizers expressed confidence that regular spring events will resume in April 2022.
[Media breaking news: Apple joined hands with a number of mainland manufacturers to produce new iPhones Such as Luxshare and Lens]
According to Japan's "Nikkei Shimbun" report, Apple is cooperating with a number of Chinese suppliers to produce the latest iPhone, and Luxshare Precision, Lens Technology, Sunny Optics, BOE and other companies appeared on the list. In addition, several other Chinese suppliers and assemblers are said to be ready, waiting for Apple to agree to include it in the fruit chain.
[Google fired more than 80 employees in the past 3 years]
Google's internal documents show that more than 80 employees have been fired in the past three years, largely because of the misuse of the company's internal tools to access user data. Google laid off 36 employees last year, most of them because they mishandled confidential information. Google fired 18 people in 2018 and 26 people in 2019.
【Uber Q2 adjusted EBITDA loss exceeds $500 million after hours, down more than 3% after hours】
Uber's second-quarter adjusted EBITDA lost $509 million and an expected loss of $324.5 million. Uber U.S. stocks fell more than 3% after hours.
Other earnings data showed second-quarter revenue of $3.93 billion, higher than analysts' expectations of $3.75 billion. Overall orders amounted to $21.9 billion, also higher than analysts' expectations of $20.93 billion.
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