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Yingwei Financial Investing.com —US stocks closed lower on Tuesday, and investors are waiting for the first debate between Trump and Biden. The three major stock indexes will record their first monthly decline since March.Dow JonesThe Industrial Average closed down 131.40 points, or 0.48%, to 27452.66 points; the S&P 500 closed down 16.13 points, or 0.48%, to 3335.47 points; NasdaqComposite IndexIt closed down 32.28 points, or 0.29%, to 11085.25 points; as of 09:07 Beijing time, the US stock market on Yingwei Financial Investing.com showed that US S&P 500 futures rose 0.05% to 3334.88 points; Dow Jones 30 futures rose 0.04% to 27418.0 points; and Nasdaq 100 futures fell 0.05% to 11333.12 points. FTSE China A50 Index futures fell 0.06%.[Important Information Affecting US Stocks]
The first televised presidential debate between Trump and Biden will be held on Wednesday from 09:00-10:30 Beijing time. The topics of the debate will include how to deal with the pandemic and the US economic recovery plan. Among all countries, the US has the highest cumulative number of confirmed cases, at 7.1 million, and the highest number of deaths, with 205,085 cases.
Additionally, on September 29, in the face of ongoing losses caused by the COVID-19 pandemic, House Democrats issued a $2.2 trillion proposal to expand support for the US economy. A spokesperson for Pelosi said that after the Democratic Party's plan was announced, House Speaker Pelosi and Treasury Secretary Mnuchin had a conversation on Monday night and are planning to talk again on Tuesday.
The US Chamber of Commerce consumer confidence index rebounded sharply from 86.3 to 101.8 in September, the biggest increase in 17 years.[Latest individual stock ratings]
Wei LoeAutomobiles (NYSE:NIO):Deutsche BankReiterating NIO's “buy” rating, it said the company is expected to develop autonomous vehicles over the next few years. NIO Auto closed up 10.85% to $20.85.
Inovio Pharmaceuticals Inc(NASDAQ: INO): Citron says the stock still has 83% downside, that is, the target price is $2, after Inovio announced the suspension of mid-to late-stage clinical trials of its COVID-19 vaccine candidate. Inovio closed down 6.84% to $11.31.
Square Inc(NYSE:SQ): Wolfe raised Square's target price from $160 to $195, and raised its rating from “on par with the market” to “outperforming the market.” Square closed up 2.52% to $164.81.[Overnight individual stock highlights, please click here]
Beyond MeatIncreased by more than 9%, will be withWalmartExpanding the scale of cooperation
Beyond Meat Inc (NASDAQ: BYND) closed up 9.49% to $165.66. Beyond Meat announced that it will expand the scale of cooperation with Walmart. Starting next week, its artificial meat burgers will be listed on Walmart, and the scale of cooperation will expand from 800 stores to 2,400 stores to meet the growing demand for its products during the pandemic.
SorrentoIt is said that the preclinical research results of the two COVID-19 neutralizing antibody preparations are good
Sorrento Therapeutics Inc (NASDAQ: SRNE) closed up 14.29% to $11.60. Sorrento Therapeutics said that the two neutralizing antibody preparations being studied by the company to fight the coronavirus have shown good results in preclinical studies and have a 100% neutralizing effect in vitro.
FitbitUp nearly 6%, the EU will approveGoogleWith 21The acquisition of Fitbit for a billion dollars
Fitbit Inc (NYSE:FIT) closed up 5.78% to $6.96. According to reports, people familiar with the matter said that Google has made concessions and will restrict Fitbit's data, while the EU antitrust agency will approve its acquisition of Fitbit for 2.1 billion US dollars.
The stock prices of the three major exchanges fell, and the US Department of Justice investigated the pricing of Wall Street data
Intercontinental exchange (NYSE:ICE) closed down 2.04% to $99.17; USChicago Mercantile ExchangeThe Group (NASDAQ: CME) closed down 1.66% to $166.12;Nasdaq OMXThe Group (NASDAQ: NDAQ) closed down 3.18% to $121.38. According to reports, Makan Delrahim, who heads the US Department of Justice's antitrust department, said in an interview that he is closely monitoring data on stock exchange sales to banks and investment companies. Market participants have long complained that the data they use to trade is too expensive.
SogouIt closed up more than 11%, withTencentA final agreement was reached on the privatization of Sogou
Sohu (NASDAQ: SOHU) closed up 11.42% to $20.10; Sogou (NYSE: SOGO) closed up 2.31% to $8.87. According to reports, Sohu agreed to sell all of its Class A common shares and Class B common shares held by Sogou to Tencent (HK:0700). Sohu will receive a total of about 1.18 billion US dollars in cash, while Sogou will become a wholly-owned subsidiary of Tencent and be delisted from the NYSE. The transaction will close in the fourth quarter of 2020.[After-market news]
ModernaUp nearly 5%, its COVID-19 vaccine showed signs of effectiveness in trials for the elderly
Moderna Inc (NASDAQ: MRNA) rose 4.93% after the session. Early safety studies of the Moderna COVID-19 vaccine candidate in the elderly showed that the level of virus-neutralizing antibodies produced by the vaccine was similar to that of young people, and the side effects were roughly comparable to those of the high-dose influenza vaccine.
DisneyAbout 2.8 employees will be laid off at US theme parksTen thousand people
Disney (NYSE: DIS) fell 1.32% after the market. The Disney Company said it will lay off about 28,000 employees at theme parks in the US on the grounds that restrictions due to the COVID-19 pandemic continue. In particular, Disneyland in southern California is unable to reopen. The company said the laid-off workers have been on unpaid leave since April and have always received medical benefits, but have not been paid. The company said that about two-thirds of them are part-time employees, and also said that the company will soon discuss the next steps of its members with the union.
Micron TechnologyA drop of nearly 4%, Q1Performance guidelines fall short of expectations
Micron Technology (NASDAQ: MU) fell 3.88% after the session. Micron Technology reports that its fourth-quarter net profit was US$988 million, or 87 cents per share, compared to US$561 million, or 51 cents per share in the same period last year. The adjusted earnings were $1.08 per share compared to 56 cents per share for the same period last year, with analysts expecting an earnings of 98 cents per share. Revenue increased from 4.87 billion US dollars in the same period last year to 6.06 billion US dollars, better than the forecast of 5.89 billion US dollars.
Micron Technology expects adjusted earnings per share for the first fiscal quarter to be 40 cents to 54 cents, and revenue of 5 billion US dollars to 5.4 billion US dollars, while analysts had previously estimated earnings of 66 cents per share and revenue of 5.27 billion US dollars.
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