On Friday, Tesla, Inc., the champion of US stock turnover, closed up 4.68%, with a turnover of US $23.36 billion; Apple Inc, No. 2, closed up 2.14% with a turnover of US $11.63 billion; and Microsoft Corp, No. 6, closed up 1.7% with a turnover of US $6.55 billion.
In the early morning of the 13th Beijing time, US stocks closed higher on Friday, with all three major stock indexes recording gains this week. Both the S & P 500 and the Nasdaq recorded a fourth straight week of gains. This week's CPI and PPI inflation data both suggest that US inflation may peak, prompting investors to wonder whether the Fed will reverse its aggressive interest rate hike.
The Dow rose 424.38 points, or 1.27%, to 33761.05; the Nasdaq rose 267.27, or 2.09%, to 13047.19; and the S & P 500 rose 72.88, or 1.73%, to 4280.15.
All three major indexes of u.s. stocks rose this week, with the Dow up 2.92%, the Nasdaq up 3.08% and the s & p 500 up 3.26%. Both the Nasdaq and the S & P 500 recorded a fourth straight week of gains.
Wednesday's consumer price index (CPI) and Thursday's producer price index (PPI) both confirmed speculation that the upward trend in US inflation is turning lower, which could eventually prompt the Fed to slow its aggressive rate hike.
BofA analysts say investors are returning to the stock and bond markets, with data from BofA showing that global equity funds attracted $7.1 billion in the seven days to Aug. 10. Over the same period, inflows into the US stock market reached $11 billion, an eight-week high.
On Friday, the US import price index fell 1.4% month-on-month in July, the lowest level since April 2020. The market is expected to shrink by 1.00%, compared with an increase of 0.20%.
Another data shows that the initial consumer confidence index of the University of Michigan in August was 55.1, slightly higher than the final value of 51.5 in July.
The champion of US stock turnover on Friday$Tesla, Inc. (TSLA.US) $It closed 4.68% higher, with a turnover of $23.36 billion.Daniel Ives, a bullish analyst at Tesla, Inc. and Wade Bush Securities, set Tesla, Inc. 's target price at $1150 on Friday.
It is also reported that the European Space Agency (ESA) is considering a partnership with Musk's Space Exploration Technology Company (SpaceX). Josef Aschbacher, head of ESA, revealed that in addition to SpaceX, Japan and India are also under consideration, and SpaceX is currently in the leading position. However, Aschbacher also said that the negotiations are still in the exploratory stage, any backup solution will be temporary.
Second place$Apple Inc (AAPL.US) $It closed 2.14% higher, with a turnover of $11.63 billion.Apple Inc will hold an autumn product launch in September, and the company is said to have begun recording the event. The event is expected to launch the iPhone14 series, as well as the AppleWatchSeries8 series, the updated AppleWatchSE and the more rugged AppleWatch designed for extreme sports.
In addition, Apple Inc expects iPhone sales to remain strong in 2022.
No. 6$Microsoft Corp (MSFT.US) $It closed 1.7% higher, with a deal of $6.55 billion.JPMorgan Chase & Co submitted its Q2 position report (13F) for the second quarter ended June 30, 2022, according to the Securities and Exchange Commission (SEC). According to statistics, the total market value of JPMorgan Chase & Co's position was US $717.859 billion in the second quarter and US $830.275 billion in the previous quarter, down 13.5% from the previous quarter.
Among JPMorgan Chase & Co's top five largest stocks, Microsoft Corp, who ranked third in the previous quarter, jumped to the first place in the second quarter, holding about 91.03 million shares, with a market capitalization of about $23.4 billion, accounting for 3.26 per cent of the portfolio, and the number of positions increased by 10 per cent compared with the previous quarter.
No. 7 Facebook Inc's parent company$Meta Platforms (META.US) $It closed 1.7% higher, with a deal of $3.83 billion.The company recently announced that it will test a new secure storage feature to back up users'"end-to-end" encrypted chat data on Messenger. The so-called "end-to-end" encryption, only the sender and the designated receiver can access the data, while other people, hackers, or any third party can not access the encrypted data on the server. Meta's new secure storage feature will allow users to back up "end-to-end" encrypted Messenger conversations so that users can recover historical chats on the new device.
No. 9$Johnson & Johnson (JNJ.US) $It closed down 1.1% on a turnover of $2.42 billion.
Johnson & Johnson will stop selling baby talcum powder worldwide in 2023, the company told the media on Friday. The suspension of Johnson & Johnson's baby talcum powder was a sign that Johnson & Johnson had faced about tens of thousands of lawsuits from consumers and their survivors. Consumers say their talc products cause cancer due to asbestos contamination, a known carcinogen. It is reported that talcum powder is made of talc, and studies have shown that there is a risk of cross-contamination with asbestos in the process of mining talc.
"as part of the global portfolio assessment, we made the business decision to transform into a whole corn starch baby talcum powder portfolio. As a result of this transformation, Johnson baby talcum powder based on talc will be discontinued worldwide in 2023. " Johnson & Johnson Group said.
At present, Johnson & Johnson's baby talcum powder, cool baby talcum powder, baby hot prickly heat powder and baby natural corn talcum powder are still on sale in the Chinese market. The first three products all contain talc powder, and the last one uses corn starch instead of talc powder.
No. 13 Chinese-listed stocks$BABA (BABA.US) $It closed down 0.11% on a turnover of US $1.67 billion.
14th electric car manufacturer$Rivian Automotive (RIVN.US) $It closed down 0.13% on a turnover of US $1.53 billion.After the company released its latest quarterly results, Wedbush Securities rated the stock as "outperform", raising its target price to $45 from $40, and said the electric carmaker had finally entered production after a shaky start.
Adam Jonas, an analyst at Morgan Stanley, told investors in a research note that Rivian should continue to invest heavily in cash, and its cash liquidity can cover most of the fiscal year 2023, or even the whole year. Rivian reiterated its fiscal year production target of 25000 vehicles on Thursday as its bookings increased from 90, 000 to 98000, the analysis said. He maintains an overrated rating on Rivian and a target price of $60.
15th place$Netflix Inc (NFLX.US) $It closed 2.72% higher, with a turnover of $1.5 billion.The total number of streaming subscribers newly announced by Netflix is 221 million, which has lagged behind Walt Disney Company's total number of streaming subscribers (221.1 million).
18th supplier of products, technologies and services for genetic variation and biological function analysis$Illumina Inc (ILMN.US) $It closed down 8.4% to close at $1.35 billion.Second-quarter revenue rose 3 per cent year-on-year to $1.16 billion, but fell 5 per cent from a month earlier. The net loss was $535 million, compared with a net profit of $185 million in the second quarter of 2021.
The following are the 20 most actively traded stocks of the day (by turnover):
Edit / somer