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收盘:科技股引领美股收高,纳指涨超2%,奈飞盘后大跌近26%

Closing: Technology stocks led US stocks to close higher, the NASDAQ rose more than 2%, and Netflix plummeted nearly 26% after trading

華爾街見聞 ·  Apr 20, 2022 07:09

The three major US stock indexes rose at least 1 per cent, the biggest gain in two months, the Nasdaq S & P came out of the four-week trough, Amazon.Com Inc rose more than 3 per cent, and his sector rose nearly 3 per cent. IBM rose more than 3 per cent after the earnings report, 26 per cent after the Frisbee, NIO Inc. and XPeng Inc. rose more than 3 per cent, and BABA and JD.com fell more than 1 per cent. Russian stocks fell more than 5% in intraday trading; the pan-European stock index hit an one-week low and the real estate sector fell more than 2%. The yield on 10-year Treasuries rose above 2.9% for the first time in three years. The Japanese yen hit a 20-year low and the longest straight decline in history, the US dollar index hit a two-year high in three days, and the offshore RMB hit a half-year low. Crude oil fell more than 5%, the biggest drop in nearly two weeks and an one-week low, and natural gas in the United States ended five consecutive gains. Lun Zinc reached a new high in more than 15 years in three days. Gold fell more than 1% to an one-week low.

St. Louis Federal Reserve Chairman Bullard, who has the right to vote at this year's FOMC meeting, said that the possibility of a 75 basis point increase in interest rates should not be ruled out and that it was too early to talk of a recession. Some companies reported better-than-expected results, and investors reweighed the prospect of the Fed's quantitative tightening and the resilience of the economy during the earnings season.

Us stocks, which have fallen for days, rebounded strongly. S & P and Nasdaq got rid of the trough of more than a month, and all sectors except energy rose, with several sectors up more than 1%. Amazon.Com Inc, which leads blue-chip technology stocks, rose nearly 3%. Bank Citizens Financial (CFG) and toy giant HAS, which had better-than-expected results in the first quarter, rose about 7 per cent and more than 5 per cent respectively, while streaming media subscribers unexpectedly declined instead of increasing in the first quarter, and the first single-quarter decline in more than a decade plummeted after the Netflix disk, with revenue growth of 8 per cent in the first quarter and double-digit revenue growth in the cloud business. After the cancellation of the mandatory mask order in the United States, airlines rose generally, and American Airlines once rose by nearly 7%. With the start of the war between Urumqi and Eastern Europe, European stock indexes fell across the board on the first trading day after the Easter holiday. At one point, Russia's benchmark stock index fell more than 5% in intraday trading to its lowest level since the Russian-Ukrainian crisis escalated in late February.

Bond market expectations of the Fed's sharp monetary tightening rose further as the sell-off in European and American government bonds continued and yields continued to rise collectively. The benchmark 10-year US Treasury yield broke through 2.90 per cent in intraday trading, approaching 3 per cent, continuing to hit its highest level since late 2018, while UK and German bond yields reached their highest level since 2015, with intraday increases of more than 10 basis points.

At a time when the Fed is trying to "close water" vigorously, the loose monetary stance of the Bank of Japan has further hit the yen, with the yen falling to its lowest level against the dollar since 2002 and the longest losing streak on record. The dollar index continued to refresh its two-year high, breaking 101.00 for the first time in two years, and the offshore RMB fell 6.42 against the dollar for the first time in six months.

Among commodities, although two domestic ports suspended oil shipments after the closure of Libya's largest oil field, international crude oil, which has repeatedly refreshed its high level in at least two weeks, fell sharply under the influence of the rising exchange rate of the US dollar and the demand expectations of the Chinese epidemic. For the first time in nearly two weeks, it fell more than 5% a day, falling to an one-week low. Us natural gas, which has reached a 13-year high, fell more than 8% in one day, the biggest daily decline since early February. Hit by a stronger dollar, gold quickly fell to the one-month high set on Monday and fell to a week's low. It fell more than 1% in one day after the 1st of this month, while most base metals rose, and Lunzinc refreshed the 2006 closing highs set last Tuesday and Wednesday.

The three major US stock indexes posted their biggest gain in two months. After the S & P walked out of the four-week trough of the Nai Frisbee, the Russian stock index fell more than 5%.

The three major U. S. stock indexes collectively opened slightly lower, rose at the beginning of the day, and then continued to rise. In late trading, the s & p 500 and the Nasdaq composite index rose nearly 1.8% and 2.3%, respectively, while the Dow Jones industrial average rose nearly 540 points, or 1.6%.

In the end, the three major indexes, which closed down for two consecutive days, closed higher, all of which were the biggest closing gains since March 16. On Monday, the Nasdaq closed up 2.15%, the lowest since March 15, and more than 2% at 13619.66 on the second day of April after April 13. S & p, which closed at its lowest level since march 16 for two consecutive days on Monday, closed up 1.61% at 4462.21, the highest level since Friday, April 8. The Dow closed up 499.51 points, or 1.45%, at 34911.2 points for the first time since March 16, the highest level since April 4.

Russell 2000, a small-cap stock index dominated by value stocks, closed up 2%, saying goodbye to two consecutive declines. The technology-heavy Nasdaq 100 index closed up 2.15% for two days in a row.

With the exception of energy, which fell nearly 1 per cent, all other sectors of the S & P 500 closed higher on Tuesday, with Amazon.Com Inc leading the way in rising more than 2.9 per cent in discretionary consumer goods, real estate and communications services in the sector where Netflix Inc and Facebook Inc's parent company Meta were also up more than 2 per cent, essential consumer goods, finance, industry and IT all rose more than 1 per cent, while utilities, the smallest increase, rose more than 0.6 per cent.

Leading technology stocks collectively closed up, but all fell in after-hours trading. Tesla, Inc. closed up nearly 2.4%, up more than 2% for two consecutive days. Of the six major technology stocks in the former FAANMG and now GANMMA, Amazon.Com Inc closed up nearly 3.5%, Netflix Inc closed up nearly 3.2%, Meta, formerly known as Facebook Inc, closed up 3.1%, Alphabet Inc-CL C's parent company Alphabet closed up more than 1.8%, Microsoft Corp closed up 1.7%, and Apple Inc closed up 1.4%. Netflix Inc's share price plunged after the announcement of its results, and its after-hours decline continued to expand. It is now down about 26 per cent, while both Amazon.Com Inc and Meta have fallen more than 1 per cent after trading.

Among the other stocks that reported results, Johnson & Johnson (JNJ), which lowered its full-year sales guidance and stopped providing COVID-19 vaccine revenue guidance but whose first-quarter profit was higher than expected, closed up more than 3%. Citizens Financial (CFG) and toy giant HAS closed up nearly 6.9% and 5.2%, respectively; although first-quarter earnings and EPS profits were better than expected, Travelers (TRV) closed down nearly 4.9% IBM, which closed 2.4 per cent higher, rose more than 3 per cent at one point.

Among airlines, Bank of America Corporation closed up 5.7%, United Airlines rose more than 4%, Delta Airlines and Southwest Airlines rose more than 2%. In addition, Boeing Co, the Dow constituent stock, closed 3.4 per cent higher.

Among the volatile stocks, after the media said that private equity giant Apollo Global Management was considering funding for the acquisition of Twitter, TWTR closed down 4.7% Magi Apollo (APO) rose more than 3%. Blackstone Group Inc, who bought American Campus Communities, a student loan company, for nearly $13 billion, Blackstone Group Inc (BX) closed up 4.9%. ACC (ACC) closed up more than 12.5%, and WeWork (WE), which was overrated by Piper Sandler for the first time, closed up more than 8%. Lululemon (LULU), which was upgraded from hold to buy by Truist, closed up 4.4 per cent; Plug Power (PLUG), which partnered with Walmart Inc to provide green liquefied hydrogen, rose 9.8 per cent.

Hot Chinese stocks varied, with ETF KWEB closing up 0.5% and CQQQ down 0.6%. The Nasdaq Golden Dragon China index (HXC) closed up 1 per cent. Of the four constituent stocks on the Nasdaq, JD.com fell more than 1%, Pinduoduo fell more than 0.5%, Baidu, Inc. fell less than 0.1%, and NetEase, Inc rose nearly 0.2%. Among other stocks, Dingdong closed up more than 11%, iQIYI, Inc. up about 8%, NetEase, Inc youdao up more than 7%, Kingsoft Cloud Holdings and Qutoutiao up more than 5%, JOYY Inc era, China General E-cigarette first RLX Technology up more than 4% BStation, NIO Inc Automobile, XPeng, New Oriental Education & Technology up more than 3%, Tencent Music, HUYA Inc. up more than 1%, Tencent powder rose 0.4%, and LAIX Inc. fell more than 20%. The first high school education set fell nearly 6%. ZTO Express fell by more than 2%, BABA and Li Auto Inc. by more than 1%.

Russia's benchmark stock index, the MOEX index, fell for two days in a row, falling nearly 5.4% in intraday lows, closing down 1.07% at 2317.46 points, the lowest since Feb. 24. However, the energy giants rebounded against the market, with Gazprom and Rosneft, which fell more than 1 per cent on Monday, up more than 1.7 per cent and nearly 0.04 per cent, respectively.

The pan-European stock index, which closed higher for two consecutive days, fell back on the first trading day of the week. The European Stoxx 600 index closed at its lowest level since Thursday, April 7. Stock indexes of major European countries fell across the board. Only five European stocks closed higher on Tuesday, led by cars that rose more than 0.7%. Of the 14 sectors that closed down, defensive real estate fell by more than 2%, insurance and media fell by more than 1.7%, and food, health care, telecommunications, financial services and engineering all fell by more than 1%.

The yield on 10-year Treasuries rose above 2.9% for the first time in three years. German bond yields hit a new high in more than six years and rose more than 10 basis points at one point.

European government bond prices extended last week's decline. By late Tuesday in European trading, the yield on UK benchmark 10-year government bonds had risen 7.8 basis points to 1.967 per cent. The European market had risen to 1.999 per cent in early trading, the highest since December 2015, up about 11 basis points. Over the same period, German bond yields rose 6.8 basis points to 0.910 per cent, while US stocks rose to 0.956 per cent before trading, the highest since July 2015, with intraday increases of more than 11 basis points.

The yield on the benchmark US 10-year Treasury note broke 2.84% when it was at an intraday low in Asia, fell more than 1 basis point during the day, and continued to rise in European and American trading sessions. European stocks rose above 2.90% for the first time in two years, while US stocks approached 2.95% at midday. For three consecutive trading days, they broke their highs since December 2018, rising nearly 10 basis points in the day to close at 2.94% in US stocks and about 9 basis points in the day.

Yields on all maturities rose across the board, with yields on short-term bonds rising more than those on long-term bonds, and yields on two-year and five-year Treasuries rising more than 10 basis points in a day. The two-year yield broke through 2.60% before the u.s. market, the highest since January 2019.

The yen hit a 20-year low and the longest consecutive decline in history. The dollar index hit a two-year high in three days and the offshore RMB hit a half-year low.

The exchange rate of the yen continued to fall against the dollar throughout the day. After falling below 128.00 in intraday trading, US stocks approached 128.90, falling more than 1.5% on the day, and US stocks closed at close to 128.90. The yen has fallen for 13 consecutive trading days, the longest consecutive decline on record.

The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, rose for most of Tuesday. European stocks fell in early trading alone, while Asian markets rose above 101.00 for the first time in two years. Us stocks surged to 101.02 after returning to 101 in early trading, hitting an intraday high of more than 0.2 per cent for three consecutive trading days since April 2020. By Tuesday's close, the dollar index was close to 110, up more than 0.2% on the day, while the Bloomberg spot dollar index rose 0.4%, its highest level since June 2020 and had continued to refresh its highest level since July 2020.

The offshore renminbi (CNH), which rebounded on Monday, fell back to 6.4192 yuan against the dollar at 05:59 Beijing time, down 415 points from late Monday in New York. U. S. stocks fell to 6.4230 at midday, falling below 6.42 for the first time since October 19.

Crude oil fell more than 5%, the biggest drop in nearly two weeks and a week's low for natural gas in the United States ended five consecutive gains.

International crude oil futures fell after rising for four consecutive days. WTI May crude oil futures in the US, which closed at a new high since March 25 on Monday, closed down 5.2 per cent at $102.56 per barrel, while Brent June crude oil futures, which closed at a three-day high since March 30 on Monday, closed down 5.2 per cent at $107.25 per barrel, both closing at a new low on April 12 and the biggest closing decline since April 6, falling more than 5 per cent on the second day after April 6.

U. S. gasoline and natural gas futures fell. NYMEX May gasoline futures closed down 3.9% at $3.247 a gallon for two consecutive days, while NYMEX May natural gas futures closed down 8.2%, the biggest monthly contract closing decline since February 3, to $7.176 per million British thermal units, giving up more than 7 per cent gains on Monday, ending a five-day rally and falling off Monday's closing high since September 23, 2008.

European natural gas fell collectively for two consecutive sessions, but the decline was significantly moderated from the previous session on Thursday. ICE UK gas futures, which fell nearly 17 per cent on Thursday, closed down 2.21 per cent at 173.33 pence per kcal for three days, while TTF benchmark Dutch gas futures, which fell more than 9 per cent on Thursday, closed down 1.94 per cent at 93.768 euros per megawatt for two days.

Lun Zinc closed at a 15-year high in three days and gold fell by more than 1% for the first time in more than two weeks.

London base metal futures mostly rose on Tuesday. Lun Nickel and Len lead rose for four trading days in a row, Lunni reached the highest level since last Friday, and Lun lead hit the highest level since April 1 for the third consecutive trading day. Lenzin and Lunxi, which rose for four days and two days respectively, rebounded last Thursday, closing at nearly $4500, the third day of the last four trading days, the highest close since November 2006. And last Thursday's rebound of Ren Copper and Lunal fell back, Lunal close to last Wednesday set since mid-February trough.

New York gold futures, which rebounded on Monday, returned to decline, with COMEX June gold futures closing down 1.4% and closing down more than 1% at $1959.00 an ounce for the first time since April 1, the lowest close since Monday on April 11 and the highest since March 10 on Monday.

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