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    The stock market returned to the long position of the US stocks, the US stock market closed up 2800 points

    2019-03-14 05:01:09

    Financial sector website 

    Financial sector US stocks news Beijing time on March 14 news, investors experienced a series of storms caused by Boeing crash and the British Brexit agreement was rejected by the House of Representatives after re-reviewing the market, US stocks closed up, the Dow rose nearly 150 points After the three-day rise, S&P regained the psychological barrier of 2800 points, hitting a new high in the year; the fight was more than 18% due to the loss of the financial report exceeding expectations.

    At the close, the S&P 500 index closed up 19.40 points, up 0.69% to 2810.92 points; the Dow Jones Industrial Average closed up 148.23 points, up 0.58% to 25702.89 points; the Nasdaq Composite Index closed up 52.37 points, up 0.69% 7643.40 points.

    Boeing, the Dow component, closed up 0.46%, out of the news that the US announced the suspension of the Boeing 737 MAX series. The stock rose 1.5% on Wednesday morning. After the US announced its grounding of its 737 MAX series, Boeing's share price fell about 3% in the short term. The S&P 500 index rose for the third consecutive trading day, closing above the important 2800 psychological barrier, the highest level since 2019.

    Among the major sectors of the S&P 500, the technology sector rose 0.7%, with NVIDA leading the gains of 3.75%. This week, the S&P technology sector performed well, and the sector has risen more than 3.5% as of Wednesday. The so-called FAANG stocks, namely Facebook (FB), Amazon (ANMZ), Netflix (NFLX), Google's parent company Alphabet (GOOG) and Apple Apple (AAPL) collectively closed higher.

    Market driving force

    US President Trump said that US regulators changed their practices on Wednesday and will stop flying the Boeing 737 Max series aircraft because of concerns about the safety issues related to their crash in Ethiopia on Sunday. Trump announced that the United States will issue an "emergency order" to ground all 737Max8 and 737Max9 aircraft.

    This move is a major blow to Boeing. This week, Boeing lost billions of dollars as countries around the world announced the suspension of the Boeing 737 Max. Just before the US Federal Aviation Administration took action, Canada decided to suspend the 737 Max series aircraft in its airspace earlier Wednesday.

    Boeing subsequently issued a statement saying that Boeing supported the suspension of 737 MAX operations after consulting with the Federal Aviation Administration (FAA), the National Transportation Safety Board (NTSB) and customers, and decided to recommend to the FAA to suspend 371 Boeing 737s worldwide. The operation of the MAX aircraft. But at the same time, Boeing said it continues to have confidence in the safety of the Boeing 737 MAX aircraft.

    US Trade Representative Wright Heze said on Tuesday that the United States is working on a plan to lift tariffs on steel and aluminum imposed on Mexico and Canada, but continues to allow domestic producers to retain the benefits they have earned so far.

    The progress of Brexit is still the focus of the market. On Tuesday, local lawmakers rejected the revised Brexit agreement proposed by British Prime Minister Theresa May with 242 votes in favor and 391 opposition. Teresa May's Brexit plan will accept a new vote on Wednesday night. On Wednesday night, the British Parliament will vote whether to rule out the possibility of hard Brexit (the so-called non-agreement of Brexit, disorderly Brexit).

    Some experts said that the so-called hard Brexit in the UK has aggravated the volatility of the pound and may disrupt the UK domestic market. Damien Loh, chief investment officer of brokerage Ensemble CapitalPte in Singapore, said: "I don't think the possibility of a UK trip without a deal is higher than the market expectation."

    The Dow component, aviation and defense giant Boeing (BA) continues to receive attention. One of the company's best-selling models, the Boeing 737 Max 8 jet, crashed twice in less than six months, making the safety of the aircraft questionable.

    Economic data

    The US Commerce Department reported on Wednesday that US non-defense durable goods orders rose 0.8% in January, the biggest increase in six months. Total durable goods orders data increased by 0.4%, while economists surveyed by Refinitiv were on average expected to fall by 0.5%.

    Fluctuations in the prices of transportation products were the main factors driving the overall growth of durable goods orders. Among them, orders for civil aircraft and parts increased by 15.9%, but orders for new cars and trucks decreased. After deducting this major growth driver, durable goods orders increased by -0.1% from the previous month, lower than expected, and the previous value was revised from 0.1% to 0.3%.

    US construction spending rose 1.3% in January, the largest increase in nine months. The surge in public project investment has driven the growth in construction spending. This data offsets the impact of the weak PPI index.

    In February, the producer price index (PPI) increased by 0.1% from the previous month, and is expected to increase by 0.2%. The previous value has shrunk by 0.1%. The US core PPI increased by 0.1% in February, and is expected to increase by 0.2%. The previous value increased by 0.3%.

    Market analysis

    Quincy Krosby, chief market strategist at Prudential, said: "The continuous rise in technology stocks may indicate some good news in international trade relations. This sector and the rise in Apple's stock price suggest that trade agreements may be reached in the next few weeks. Maybe not at the end of March or at some time in the near future."

    Brokerage Edward Jones downgraded Boeing's stock rating from buy to hold, saying that Egypt's aviation accident may have caused the company to suffer "order delays."

    Noah Poponak, an analyst at Goldman Sachs, said: "We believe that the risk pricing of investors in the continuous fermentation phase of the Boeing 737 crash is still very limited. After these accidents, various outcomes may occur, which involve greater risks."

    Analysts said that the US PPI recorded a slight increase in February, the smallest annual increase in a year and a half, which means that inflation has risen moderately, which can further support the Fed's determination to wait patiently on the issue of raising interest rates.

    Stock news

    The five sectors that led the gains were: IT software and services rose by 2.7%; real estate rose by 2.68%; digital entertainment rose by 2.5%; health care rose by 2.35%; and marketing services rose by 1.98%. Among them, the IT software and services sector led the gains of 7.14% of the microcontroller micro-system, 5.5% of Voxeljet Ag, up 3.67% of Arista Networks Inc, real estate sector led gains rose 6.4% of US real estate investment, up 4.91% Income Opportunity Realty Investors Inc, up 2.44% of Texas Pacific Land Trust. The five sectors leading the decline were: gaming revenue decreased by 1.47%; residential construction decreased by 1.1%; construction materials decreased by 1.03%; automobile decreased by 0.78%; and aviation services decreased by 0.73%.

    The new e-commerce platform has been released in the fourth quarter and full-year financial report of 2018. In 2018, the platform GMV reached 471.6 billion yuan, a year-on-year increase of 234%; the annual active buyers of the platform reached 418.5 million, a sharp increase over the same period in 2017. In the Q4 quarter, the average number of monthly users of the iPad was 272.6 million, and the new quarter was 42 million, a growth rate of 18.2%. In Q18, in 2018, the revenue of the company was 5.653 billion yuan (about 822.3 million US dollars), which was 379% higher than the 1.794 billion yuan in the same period of 2017, up 68% from the previous quarter; the annual revenue was 13.12 billion yuan. , an increase of 652% year on year.

    In the subsequent earnings conference call, more and more founder and CEO Huang Wei said: more will be set up a technical advisory committee, former Microsoft global executive vice president, now YC China founder, fight a lot of independent directors,Baidu(US stock BIDU) Vice Chairman of the Board of Directors Dr. Lu Qi will lead the relevant work of the Technical Committee. Huang Wei also revealed that the company will cooperate with many scientific research institutions around the world to promote the development of distributed AI technology.

    Zhongtong Express(US stock ZTO) fourth quarter revenue of 5.726 billion yuan (about 818.5 million US dollars), compared with the same period last year, the amount of 3.331 billion yuan increased by 29.9%; net profit of 1.28 billion yuan (about 186 million US dollars) ), compared with a net profit of RMB 1,221.9 million in the same period of the previous year, an increase of 4.7%; the basic and diluted earnings per ADS were RMB 1.62 (approximately US$ 0.24), compared to the same period last year. The basic and diluted earnings of American depositary shares were RMB 1.72 and RMB 1.71, respectively.

    Noah Wealth on Wednesday released its unaudited financial report for the fourth quarter and full year of December 31, 2018. The financial report shows that Noah's fourth quarter net revenue was RMB 822.1 million (US$119.6 million), up 13.8% year-on-year; the net profit attributable to shareholders of the company was RMB 155.6 million (US$22.6 million), Growth of 1.7%. Noah Wealth expects that the net profit of non-GAAP measures attributable to shareholders of the company for the full year of 2019 will be RMB 1.13 billion to RMB 1.18 billion, representing an increase of 11.9% to 16.8%.

    After the earnings report, Deutsche Bank lowered the rating of Noah Wealth from “buy” to “hold” and expressed concern about the growth prospects, and lowered its target price to the lowest point of Wall Street at $52. Deutsche Bank believes that Noah's wealth-based fixed-income trading may face disadvantages, saying regulators are drafting detailed rules for standardized credit assets that may encourage the issuance of non-standard credit assets.

    According to Tianyue data, BeijingAlibaba(US stock BABA) Cloud Computing Technology Co., Ltd. legal representative changed, changed from Hu Xiaoming to Ren Geng. Sky Eye Search revealed that its chairman, directors and managers have also changed. The chairman and manager were changed from Hu Xiaoming to Ren Geng, and Xu Wei withdrew from the board of directors.

    Jingdong(US stock JD) AI and Hong Kong Feng's Retail Group jointly created an intelligent intelligent settlement counter for Hong Kong, which was applied to the flagship store of Circle K in Causeway Bay and Causeway Bay. The two parties said that they will join forces to help Feng's retail group to achieve intelligent upgrade in the retail market through a series of innovative and mature products of AI+ retail, and create a new experience of unbounded retail. This is the first batch of top-level customer orders delivered by Jingdong Artificial Intelligence Business Unit following the strategic cooperation between Jingdong Group and Feng's two retail giants last year.

    Baidu released the maintenance industry netizens' rights protection upgrade plan. After logging in to Baidu account, the user clicked on the 3C maintenance advertisement to be subject to false fraud, and was able to pay a loss of three, while Baidu promised to pay first. Baidu and China Household Appliances Service Maintenance Association jointly released the "Internet 3C Maintenance User Behavior Report" pointed out that the demand for 3C maintenance through Internet search has increased year by year, and the trend of youthfulness is obvious. After 80, 90, it became the main force.

    Beijing Business Daily reporter was concerned that Beijing Baifubao Technology Co., Ltd. added a stock pledge information on March 8. In this regard, the person in charge of financial Xiaoman said that “the equity pledge is a normal financing behavior and is used for corporate development needs”.

    Tesla rose 1.98%, FAANG's five major technology stocks all closed up, Naifei, Amazon rose more than 1%; Facebook rose 0.8%, Apple rose 0.44%. Chip stocks were mixed, with the Philadelphia Semiconductor Index up 0.42%, Nvidia up 3.7%, Intel, Qualcomm and Texas Instruments up 1%; Microcore and Micron fell 1%.

    Boeing (BA) stocks have received much attention. In the aftermath of the crash, several countries around the world decided to ground their 737 Max 8 models.

    The drug retail chain Rite Aid (RAD) shares rose. The company's CEO Standley announced that he will leave.

    Other markets

    Asian markets closed down on Wednesday. The Shanghai Composite Index closed at 3026.95 points, a decrease of 1.09%; the Shenzhen Component Index closed at 9592.05 points, a decrease of 2.53%. The Hong Kong Hang Seng Index closed at 28,807.449 points, a drop of 0.39%. The Nikkei 225 index closed at 21,283.10 points, a decrease of 1.03%. In European stock markets, the European Pan-European 300 Index closed up 0.63%, the UK's FTSE 100 index closed flat, the German DAX index closed up 0.5%, the French CAC index closed up 0.7%, and the Spanish IBEX index closed up 0.3%.

    Gold futures for April delivery on the New York Mercantile Exchange rose $11.20, or 0.9%, to close at $1,309.30 an ounce, the highest closing price since February 28. May silver futures prices rose 4.3 cents, or 0.3%, to close at $15.456 an ounce.

    West Texas Intermediate (WTI) futures for April delivery on the New York Mercantile Exchange rose $1.39, or 2.4%, to close at $58.26 per barrel, the highest closing price since November 12. The intraday high rose to $58.38 per barrel.

    The US dollar index fell 0.53% to 96.4900. EUR/USD rose 0.4% to 1.1332. GBP/USD rose 1.56% to 1.3278. USD/JPY fell 0.19% to 111.1400.

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