In the early morning of the 14th Beijing time, US stocks closed slightly higher on Wednesday. Investors are evaluating the latest financial reports, inflation data, and the Federal Reserve's policy developments. US CPI increased 0.4% month-on-month and 5.4% year-on-year in September, all higher than expected. According to the minutes of the Federal Reserve meeting, the scale of bond purchases may be reduced as early as mid-November.
The Dow fell 0.53 points to 34377.81 points; the NASDAQ rose 105.71 points, or 0.73%, to 14571.64 points; and the S&P 500 rose 13.15 points, or 0.30%, to 4363.80 points.
The minutes of the Federal Reserve's September monetary policy meeting released on Wednesday showed that actions to reduce the scale of asset purchases may begin as early as mid-November.
The US financial report for the third quarter has already begun.J.P. Morgan,BlackRockFinancial results were released on Wednesday with Delta Air Lines and others.
The latest economic data shows that the imbalance between supply and demand in the US turned into continued inflationary pressure in the early fall of this year.
The Department of Labor released the US Consumer Price Index (CPI) report for September, proving that another rise in the cost of living in the US in September kept the US inflation rate at a 30-year peak. Including today's CPI report, there is growing evidence that the high price situation in the US is likely to continue until next year.
The data showed that the US consumer price index rose 0.4% month-on-month in September. The increase was mainly due to increases in food, gasoline and rent. The market expects this figure to increase 0.3% month-on-month. CPI rose 5.4% year on year in September, far above the 2% inflation target set by the Federal Reserve. This data shows that the US CPI index rose at the fastest rate in 30 years this year.
The highest US stock turnover on WednesdayTeslaIt closed 0.7% higher and sold US$11.28 billion. Mining company Prony Resources announced on Wednesday that it has reached a multi-year nickel supply agreement with Tesla. The latter will purchase more than 42,000 tons of nickel. Prony did not disclose the length of the contract signed with Tesla.
Furthermore, the US National Highway Traffic Safety Administration (NHTSA) requested more information from Tesla, adding that Tesla may have adopted practices that may hinder access to the system.
NHTSA asked why Tesla did not issue a recall notice when updating the AutoPilot software and stated that a recall was necessary if the remote update improved the security flaws. The NHTSA is also asking Tesla for information about its “fully autonomous driving” software.
2nd place in terms of turnoverapplesIt closed down 0.4% and sold $10.88 billion. Yesterday, it was reported that due to chip shortages, Apple has notified suppliers to cut orders for the iPhone 13 for the rest of the year, reaching 10 million units. On Wednesday, Apple's supplier denied reports claiming that production of the iPhone 13 was cut due to a shortage of chips.
5th placeAMDIt closed 3.9% higher and sold $6.01 billion. The US semiconductor sector was generally higher on Wednesday.
Moderna in 7th place closed 3.3% higher and traded 4.08 billion US dollars. Moderna executives say vaccine plants may be built in South Africa, Rwanda, or Senegal in the future. The company also stated last week that it expects the African vaccine factory to invest 500 million US dollars, with an annual production capacity of 500 million doses.
J.P. Morgan Chase, 10th, closed down 2.6%, the biggest daily decline since September 20, with transactions of 3.61 billion US dollars. J.P. Morgan took the lead in publishing financial results for the third fiscal quarter. Financial reports showed its mergers and acquisitions department had its best quarterly performance in history, but consumer and commercial loan growth continued to face challenges.
13th Prager Energy closed 12.8% higher and traded US$2.78 billion.Morgan StanleyAnalyst Stephen Byrd raised Prager Energy's stock rating from flat to overallocated, and raised the target price from $35 to $40. The analyst said that Prager Energy has the ability to become a leading enterprise in the hydrogen energy economy.
Analysts believe that as the application range of hydrogen energy continues to expand, Prager Energy is expected to break through the general trend of energy transformation.
The seventeenth Singaporean internet company, Sea Ltd., closed 7.5% higher and traded US$1.99 billion.
20th Cloud Service ProviderSaifushiIt closed 1.9% higher and sold $1.81 billion.
The following are the 20 most actively traded US stocks on the same day (by turnover):
(Screenshot from the Sina Finance App Market - US Stocks - Market section, swipe left for more data) Download the Sina Finance App
