The trading day on Wall Street opened in a negative trend and is now moving upwards, with the Nasdaq up 0.1%, the Dow up 0.4% and the S&P up 0.4%.
Last night, the declines intensified towards the close, with the Nasdaq losing about 2%. The main reason for the declines is the expectation of high inflation this year, and investors’ lack of confidence in the ability of the Federal Reserve. Although the chairman of the Fed reiterated that the Fed will not raise interest rates even if inflation exceeds the 2% level, the market believes that the Fed will have no choice.
Key metrics:
S&P 500
+ 0.44%
closure:3,889.14
opening:3,879.34
High:3,906.64
low:3,853.5
cycle:–
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Dow Jones
+ 0.42%
closure:32,420.06
opening:32,346.81
High:32,558.52
low:32,071.41
cycle:–
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NASDAQ
+ 0.16%
closure:12,961.89
opening:12,844.58
High:12,984.08
low:12,786.81
cycle:–
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10,504,874
128.21
-
304,236
2,273.68
-
1,285,074
273.41
-
3,643,276
39.25
-
2,701,603
346.83
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The size of the security cube is determined by the value of the paper
+ 5%
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25/03/2021
Macro:
Fed Chairman Jerome Powell told the Congressional Financial Services Committee last night that he expects a temporary rise in inflation in the coming months, compared to the same period last year, but the near-rise will be short-lived as many Americans are left jobless with the economy recovering from the plague. Is the fact that the Fed has abolished the easing of banks’ liquidity ratios.
Oil prices have dropped significantly in the wake of continued restrictions in Europe, but they have risen again after the overturning of one of the world’s largest ships in the Suez Canal. The rollover of the ship created a traffic jam of at least 100 container ships in the canal. The contract price for WTI (May) oil is down 3.1% to $ 59.27 a barrel, while the price of Brent (May) oil contract is down 2.7% to $ 62.66 a barrel (for the full article). Oil is now losing 5% in trade.
Shares in the center:
Earlier this month, the US Securities and Exchange Commission (SEC) issued an unusual statement calling on investors not to invest in public skeletons known as SPAC, or open check companies, just because a celebrity is investing in them. Even then, SEC executives announced they were looking into the industry The reverse merger, which allows private companies to enter the New York Stock Exchange through the back door, instead of going through the long, exhausting and expensive process of a classic initial public offering (for the full article)
To this day, Volkswagen (NYSE: VWAGY) has enjoyed the title of the second carmaker in the world (by number of vehicles), but its dramatic statement leads it to a head-on collision with the US electric car darling (EV) – Tesla
TESLA INC
+ 1.29%
closure:0
opening:613
High:644.47
low:609.5
cycle:–
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(NYSE: TSLA). Is this a buying opportunity? Not sure (for the full article). Volkswagen shares are now down 1.9%, while Tesla is up 1.1%.
The US Securities and Exchange Commission (SEC) announced in an official statement that it had adopted the law that companies that do not meet US reporting standards would be deleted from trading. The law, which stands for HFCAA, was passed last December and threatens all Chinese companies traded on Wall Street. Because they are not allowed to export reports and accounting reports from China, due to Chinese law prohibiting this. Shares of Chinese companies crashed during trading last night, leading to declines. (To the full article
Retail share of the video games GameStop (NYSE: GME) reported adjusted net income in the fourth quarter of approximately $ 91 million or $ 1.34 per share, compared to approximately $ 84 million ($ 1.27 per share) in the same period last year, an increase of 8%. The figure is lower than the analysts’ forecast (for the full article). The stock is soaring 51%.
Company
INTEL CORPORATION
+ 0.27%
closure:0
opening:61.66
High:62.44
low:60.98
cycle:–
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(NYSE: INTC) has announced its intention to spend $ 20 billion on the construction of two new plants at existing facilities in Arizona, with the goal of capturing additional market share and filling gaps created by a shortage in the global chip market. Intel plans to start production in the new plants by 2024. The stock is up 0.4%.
Israeliness in the center:
VBL Therapeutics reports fourth quarter 2020 results and provides business updates. Progress continues in the pivotal phase 3 OVAL trial of VB-111 in ovarian cancer, with a very high response rate of more than 50% among all participants in the trial. The Independent Safety Committee recently reviewed the full data of the trial and recommended continuing the trial as planned. The company’s cash flow at the end of 2020 was about $ 30.8 million. The company expects that the cash balance will be sufficient to finance the company’s activities into the fourth quarter of 2022. Following the reports, the company’s stock is up 5%.
Company
Brainsway (US)
+ 5.26%
closure:0
opening:8.43
High:9.02
low:8.43
cycle:–
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(NYSE: BWAY) publishes financial results for the fourth quarter and 2020. Revenues of $ 7.1 million in the fourth quarter of 2020, a 17% increase over the third quarter last year and a 12% increase over the fourth quarter of 2019. The operating loss was $ 0.4 million, compared to To an operating loss of $ 2 million in the same period in 2019. Following the reports, the stock jumps by 5%.