Review of the market this week

The three major indexes of U. S. stocks showed an overall upward trend this week, with the Dow and the S & P 500 closing at record highs on Friday and the Nasdaq closing lower.On the other hand, the Hang Seng Index and the start-up index did not perform well this week, showing a downward trend. This week$S & P 500 (.SPX.US) $Up 2.64%$Dow (.DJI.US) $Up 4.07%, while the global technology weather vane$Nasdaq Composite Index (.IXIC.US) $Up 3.09%.

The number of U.S. jobless claims was the lowest since November, thanks to measures such as accelerated vaccination, according to data released by the Labor Department. First-time claims for regular state unemployment benefits fell 42000 to 712000 in the week ended March 6.

Review of market hotspots

For the first time since 2016! The Nasdaq has lost the Dow for four consecutive weeks.

The yield on the 10-year Treasury note rose to 1.64% on Friday.Reach the highest level since February 2020. At the start of 2021, the yield on 10-year Treasuries was just 0.92%.

Large U. S. technology stocks generally sold off on Friday, affected by the rapid rise in Treasury yields. As a weather vane of science and technology$Nasdaq Composite Index (.IXIC.US) $Friday closed down 78.81 points, or 0.59%, at 13319.86.The rapid rise in government bond yields could put high-growth technology stocks under extreme pressure as they could reduce the relative value of future earnings.

The rise in government bond yields and the possibility of the central bank tightening monetary policy have become the two biggest threats to risky assets. With the introduction of the fiscal stimulus package and the rapid progress in vaccination in the United States, many other risk factors have been put aside.

-Ralf Preusser, interest rate strategist at Bank of America

2. The trillion-dollar stimulus bill is formally enacted, and funding will begin as early as this weekend.

U.S. president Joe Biden signed a $1.9 trillion stimulus bill into law on Thursday, his first major achievement in legislation and tens of millions of people, businesses, state and local governments.

Biden said most Americans "strongly support" the bill. After the bill was signed, Vice President Harris said at an event with business owners: "the vast majority of Americans, no matter who they vote for in the election, support the US stimulus package." "

"this historic legislation is about rebuilding the foundation of the country.". Funding for the bill will begin as early as this weekend.

3. The volume of SPAC transactions surged to US $170 billion this year, surpassing that of last year.

Investors have pumped large amounts of money into SPAC at a record pace this year.

Data displaySPAC trading volume surged to a record $170 billion this year, surpassing the $157 billion for the whole of last year.About five new companies are set up every day. There are also nearly 400 SPAC companies on the market that are looking to go public.

Evan Ratner, SPAC portfolio manager at Easterly Alternatives, said: "the situation is going to be more intense. "unless bond yields continue to fall,"the volatility will continue."。

4. vaccines and stimulus packages have arrived, and the confidence of large employers in the United States has soared.

In the past three months,Confidence of large employers in the United States has risen sharplyThe accelerated vaccine and Biden's $1.9 trillion stimulus package have boosted companies' willingness to hire and invest.

A quarterly survey of corporate CEO conducted by the Business Roundtable, a major large business lobby group in Washington, shows thatIts economic outlook index has risen 21:00 since December to 107, well above the 50-point growth level and the historical average of 82.

Other reports show that confidence is rising across the US industry. The National Association of Manufacturers reported on Tuesday that optimism among its members jumped from 74% to 88% in the last quarter.Set the highest level in two years。

5. Popular science in US stocks |Read the secret of the trading time of new stocks in the United States.

This week, two star enterprises created online game platforms.$Roblox Corporation (RBLX.US) $And the so-called Amazon.Com Inc of South Korea.$Coupang Inc (CPNG.US) $Landing in US stocks one after another, it was very popular.

However, Roblox does not start trading until after 13:30 EDT. Earlier in Coupang, it began at 12:27. Many cattle friends who want to invest in these big new stocks are wondering: when on earth do new stocks start trading in the US stock market?

Unlike Hong Kong stocks, new shares of US stocks cannot be traded directly after they open at 9:30 EDT, and they usually have to wait for an hour or more, and the time to start trading may be at any time of the day, so they need to pay attention to them.

Review of hot spots in the company

1. Us technology stocks were sold off again, and FAANMG's six major technology stocks all fell.

Large-scale US technology stocks fell across the board, while US bank stocks and aviation stocks rose collectively.

Analysts believe that as the outlook for recovery has improved, Treasury yields have risen, inflation expectations have risen, and concerns about rising interest rates have accelerated the style rotation of the market, with investors selling highly valued technology and growth stocks and putting money into cyclical areas such as finance, energy and industry.

2. A US judge issued a preliminary injunction to prevent the US Department of Defense from taking effect on XIAOMI.

Bloomberg just reported that only a few days after the US ban on XIAOMI's stock trading came into effect, a US federal judge issued a preliminary injunction on the 12th local time on XIAOMI's lawsuit against the US Defense Department.It is forbidden for the US Defense Department to list XIAOMI as the entry into force or implementation of the so-called "Chinese military-related enterprises" policy.

Reported that the United States District of Columbia District Judge Rudolph Contreras that the U. S. Department of Defense this "arbitrary and capricious", deprived of the company's legitimate legal rights. He also said that as the lawsuit began, XIAOMI was likely to win a full reversal of the injunction and issue a preliminary injunction to prevent "irreparable damage" to the company.

MSCI said that XIAOMI class B shares will not be excluded from the MSCIACWI or MSCI China all-share index and related non-market capitalization weighted or customized indexes at this time. We will continue to pay attention to the follow-up development of XIAOMI.

3. Hu Xiaoming resigned as Ant Financial Services Group CEO and will be in charge of social welfare projects in the future.

On the evening of March 12, Ant Financial Services Group CEO Hu Xiaoming (nickname: sun Quan) posted an email saying that heAnt Financial Services Group will resign as CEO and will be in charge of ant eco-social welfare related projects in the future.

After Hu Xiaoming leaves office, Eric, chairman of Ant Financial Services Group, will also serve as Ant Financial Services Group CEO.

In response, Ant Financial Services Group replied: the situation is true, the board of directors agreed to this request on the basis of personal wishes, and thanked Hu Xiaoming for his efforts and contributions to the company.

4. The Korean version of Amazon.Com Inc Coupang IPO rose 40% on the first day! Softbank Corp. became the biggest winner

Korean e-commerce platform invested by Softbank Corp.$Coupang Inc (CPNG.US) $IPO performed strongly on its first day, closing with a market capitalization of more than $84 billionIt has become the largest overseas company to list in the United States since BABA went public in 2014.

Coupang has placed shares in IPO to fewer than 100 investor accounts, which is particularly small for IPO, which is the size of the company, according to people familiar with the matter. One of the people familiar with the matter said the company had decided to "keep the placement small".

Softbank Corp. Vision Fund is the largest shareholder in Coupang, and Softbank Corp. 's shares are worth $28 billion at the closing price.

5. The IPO market remains hot, with the "gaming industry Lego" Roblox rising 54% on its first day.

Wednesday, March 10, US Eastern time$Roblox Corporation (RBLX.US) $RBLX, which is listed for the ticker in New York Stock Exchange, opened at $64.50, up more than 43 per cent from the reference offering price, and then expanded rapidly, with the share price at one point approaching $75, up more than 66 per cent. In the end, Roblox closed up 54.4 per cent at $69.50.

Before Roblox went public, the media found dozens of posts discussing Roblox on social media platforms such as Reddit. Among them, there is a post called "Rblx" on the Reddit forum, which focuses on Roblox shares, and the number of members participating in the discussion has doubled since Tuesday, March 9, to more than 2000.

The company's latest market capitalization is about $38.4 billion, up from the $29.5 billion valuation obtained through private equity two months ago, indicating that the IPO market is still hot.

Hot spots next week

The following are the US stock companies and key IPO that will release their results next week (March 15-March 19):

• Next week$Futu Holdings Limited (FUTU.US) $、$CrowdStrike Holdings (CRWD.US) $、$Pinduoduo (PDD.US) $、$ZTO Express (ZTO.US) $、$Nike Inc (NKE.US) $、$American Dole (DG.US) $And other companies will release financial reports one after another.

The following is next week's trading day (March 15-March 19) important data and events:

• Next Thursday, the Federal Reserve FOMC will release interest rate decisions, policy statements and economic forecasts; Federal Reserve Chairman Powell will hold a press conference.