美股收盘:股指集体收跌 英伟达再创新高 法拉第未来重挫62%

US stocks closed: stock indexes collectively closed down, Nvidia hit a new high, Faraday fell 62% in the future ·  May 30 05:41

① The US Treasury issued 44 billion US dollars of 7-year treasury bonds on the same day, which were treated coldly by the market; ② popular Chinese securities generally fell, and the Nasdaq China Golden Dragon Index fell 0.86%; ③ MSD bought ophthalmology company EyeBio for 3 billion US dollars; ④ Apple plans to develop customized chips for confidential computing.

Financial Services Association, May 30 (Editor: Niu Zhanlin) On Wednesday EST, the three major US stock indices collectively closed down, as US bond yields rose further, reducing the attractiveness of risky assets, and expectations of the Federal Reserve's interest rate cut were once again suppressed.

The benchmark 10-year US Treasury yield hit a four-week high of 4.6%, continuing Tuesday's gains, after which demand for US bonds continued to weaken.

The US Treasury Department issued 44 billion US dollars of 7-year treasury bonds on the same day, which was treated coldly by the market. This was the third and last coupon bond issue this week, with a yield of 4.650%. The allocation rate for Tier 1 traders was 17%, which is higher than the previous tender. After the tender ended, the decline in US bonds widened, and the 10-year yield exceeded 4.63%.

The fund manager of Centre American Select said, “You will continue to see an increase in US bond yields, which puts pressure on the US stock market... This is a continuation of an unstable and uneven recovery.”

Cantor Fitzgerald analyst Eric Johnston claims: “Higher US bond yields are probably mainly due to bond supply and continuing huge deficits, rather than concerns about inflation or a strong economy.”

The next move by the Federal Reserve is also worrying the market. According to the CME Interest Rate Watch Tool, investors currently believe that the probability that the Federal Reserve will keep interest rates unchanged for the next three meetings is 54%, up from 42% a week ago.

Currently, the focus of the market is the April Personal Consumer Expense Price (PCE) Index announced on Friday. If the slowing trend continues, it will push US stocks to continue to rise.

In the five-day period up to last Friday, Bank of America customers became net sellers in the US stock market for the fourth week in a row, selling shares worth 2 billion US dollars. Capital outflows mainly come from hedge funds and retail investors, while institutions are net buyers.

Market News

At the close, the Dow fell 411.32 points, or 1.06%, to 38441.54 points; the NASDAQ fell 99.30 points, or 0.58%, to 16920.58 points; and the S&P 500 index fell 39.09 points, or 0.74%, to 5266.95 points.

Eleven sectors of the S&P 500 index failed across the board. The energy sector closed down 1.76%, the industrial, raw materials, and utilities sector fell at least 1.3%, the optional consumer and telecommunications services sector fell 0.56%, and the IT/technology sector fell 0.36%.

ETFs in the US stock industry closed down across the board, and regional bank ETFs fell 2.41%. Global aviation ETFs fell by 2.31%, while banking ETFs fell 2.03%. Energy ETFs fell 1.77%, semiconductor ETFs fell 1.67%, utility ETFs fell 1.29%, and biotech index ETFs fell 1.17%.

The performance of popular stocks

Most popular tech stocks fell. Among them, Microsoft fell 0.27%, Amazon fell 0.07%, META fell 1.16%, Google-A fell 0.28%, Tesla fell 0.32%, Nvidia rose 0.81%, and Apple rose 0.16%.

Marathon Oil surged 8.43%. ConocoPhillips announced on its official website that it had reached a final acquisition agreement with Marathon Petroleum. According to the agreement, ConocoPhillips will acquire Marathon Petroleum through a full stock transaction. For every Marathon Petroleum shareholder holding a common share of Marathon Petroleum, they will receive 0.2,550 shares of ConocoPhillips common stock.

American Airlines plummeted 13.54% after the company lowered its second-quarter profit forecast and the company's chief commercial officer, Vasu Raja, announced that he would step down.

Faraday's future plummeted 62%, after the company claimed that due to various reasons, the company may never be able to achieve or maintain profits.

Popular Chinese securities generally fell, and the Nasdaq China Golden Dragon Index fell 0.86%. Weibo fell nearly 3%, Xiaopeng Motors, iQiyi, and Bilibili fell more than 2%, and JD, Alibaba, NetEase, Baidu, and Ideal Auto dropped more than 1%.

Company news

[Arm provides new designs and software for artificial intelligence and launches new CPU designs]

Arm Holdings unveiled new chip blueprints and software tools to help smartphones handle artificial intelligence (AI) tasks, while also changing the way these blueprints are delivered to accelerate their adoption. Arm has unveiled a new central processing unit (CPU) design, which it says is more suitable for artificial intelligence work and a new graphics processing unit (GPU). It will also provide software tools to make it easier for developers to run chatbots and other artificial intelligence code on Arm chips.

[BHP Billiton abandons $49 billion bid plan without reaching an agreement with Anglo-American Resources]

BHP Billiton Group said it will not make a clear takeover offer for Anglo-American Resources until today's deadline, and has temporarily abandoned the biggest mining deal in more than 10 years. Less than an hour before the deadline, BHP Billiton confirmed that it was unable to reach an agreement to obtain support from the Anglo-American Resources Group board of directors, so the acquisition will not continue, and BHP Billiton must withdraw for at least six months. Anglo-American Resources Group issued a statement on May 29 saying that there is no reason to further extend the deadline for the tender offer. BHP Billiton Group said earlier in the day that it needed more time to engage with Anglo-American Resources. The Anglo-American Resources Group had previously rejected BHP Billiton's £38.6 billion (about 49 billion US dollars) takeover offer.

[MSD buys ophthalmology company EyeBio for $3 billion]

On Wednesday EST, US pharmaceutical giant MSD announced that it will acquire eye biotech startup EyeBio at a price of 3 billion US dollars to expand its ophthalmic pharmaceutical product line. The acquisition has received unanimous approval from the EyeBio board of directors. According to reports, MSD will first pay 1.3 billion US dollars in cash, and then another 1.7 billion US dollars based on how EyeBio achieves certain goals. As part of the deal, MSD will acquire ownership of EyeBio's retinal disease drug RestoreT.

[Apple plans to develop custom chips for confidential computing to protect user privacy]

According to The Information, when Apple executives attend the annual developer conference in mid-June, they are expected to announce details on how Apple will integrate artificial intelligence, the Siri virtual assistant, and other products. The big question is how it will do this while still fulfilling its promise to protect users' personal data. According to four former Apple employees involved in the project, Apple plans to process data from artificial intelligence applications in a virtual black box, making this data inaccessible to its employees. For the past three years, Apple has been working on a secret project, internally called the Apple Data Center Chip (ACDC), which will allow this kind of black box processing. Its approach is conceptually similar to confidential computing, an industry term meaning that data is confidential even during processing.

[Apple announced that it will develop TV+ apps for Android phones]

Apple is looking for a senior engineer to help develop a TV and sports app for Android, marking the company's finally bringing its TV+ service to rival smartphone platforms. This move shows that Apple is seeking market share in the video streaming sector and shelving competition with Android to attract more users. Apple rarely develops software for Google's Android system, and the Android system competes with Apple's iOS platform.

[HP's net revenue for the second fiscal quarter was slightly better than expected]

Hewlett-Packard's net revenue for the second fiscal quarter was $12.6 billion; adjusted earnings per share for the second fiscal quarter was $0.82, and analysts expected $0.81; personal systems revenue for the second fiscal quarter was $8.43 billion, analysts expected $8.28 billion; adjusted operating profit margin for the second fiscal quarter was 8.8%, analysts expected 8.75%; free cash flow (FCF) for the second fiscal quarter was $500 million, and analysts expected $0.85 million; The annual adjusted earnings per share are expected to be $3.30-$3.60, and the company originally expected $3.25-3.65; keep the FCF forecast unchanged at US$3.1 billion to US$3.6 billion for the full year, and analysts' expectations of US$3.13 billion.

[Salesforce's second-quarter revenue outlook falls short of expectations]

Salesforce's revenue for the first fiscal quarter was $9.13 billion, and analysts expected $9.15 billion; adjusted earnings per share for the first fiscal quarter were $2.44 billion, and analysts expected $2.38 billion; the subscription and support division revenue for the first fiscal quarter was $8.59 billion, and analysts expected $8.57 billion; the adjusted operating margin for the first fiscal quarter was 32.1%, in line with analysts' expectations; it is estimated that revenue for the second fiscal quarter was $9.2 billion to $9.25 billion, and analysts expected $9.35 billion; it still predicts full-year revenue of US$37.7 billion to US$38 billion.

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