Disturbed by the news about the conflict between Russia and Ukraine, the three major stock indexes of the United States spent another trading day of collective decline. From the weekly chart, the Dow has fallen for the fifth consecutive week.
(minute chart of three major stock indexes and Jinlong index, source: tradingview)
Optimism earlier on Friday was swept away with the announcement of a new round of sanctions against Russia by the United States, the United Kingdom, the European Union and G7 countries. In the face of rising uncertainty, savita Subramanian, stock and quantitative strategy analyst at Bank of America Securities, said that the "bottom of conflict" was approaching.
Subramanian said that the fall of the S & P 500 index from a high point of 12% means that most of the bubbles have been squeezed out. The macro price of Russia / Ukraine is usually close to the geopolitical impact of 8-7%, while the macro price of Russia / Ukraine has been close to that of the U.S. standard stock index since the withdrawal of the U.S. standard stock index.
For Chinese investors, the United States will enter daylight saving time from this weekend, which also means that the specific transaction time will be one hour earlier than at present.
market dynamics
As of the close, the S & P 500 index fell 1.30% to 420431; The NASDAQ index fell 2.18% to 1284381; The Dow Jones index fell 0.69% to 3294419.
From the perspective of industry concept, agricultural machinery, infrastructure, leasing services, shipping and anti-cancer medicine sectors rose higher under the favorable conditions of the new US budget, and China concept stocks continued to decline significantly.
hot stock performance
US technology stocks continued to weaken, with apple down 2.39%, Tesla down 5.12%, Amazon down 0.88%, Google a down 1.93%, Netflix down 4.61% and Microsoft down 1.93%; There was also a correction in the concept of economic restart, with American Airlines down 1.27%, United Airlines down 0.94%, Royal Caribbean cruise down 1.57%, Norwegian Cruise down 1.74% and Boeing down 1.21%.
In terms of Chinese stocks, the NASDAQ China Jinlong index continued to fall by 10.18% on Friday, slightly lower than the largest one-day decline after refreshing the subprime mortgage crisis on Thursday.
Due to the announcement of the measures for the administration of e-cigarettes issued by the state tobacco monopoly administration and the requirements of the draft of relevant national standards that e-cigarettes can only have the influence of tobacco taste, zhonggai shares fogcore technology closed down 36.32% on Friday, reaching a new low after listing.
Other zhonggai stocks also fell to varying degrees. The leading Alibaba and Tencent ADR fell 6.68% and 5.19% respectively, Netease fell 3.23%, pinduoduo fell 10.15%, JD fell 8.63%, bilibilibili fell 12.27%, Xiaopeng automobile, ideal automobile and Yum China also fell more than 10% and didi fell 44.08%.
company information
[Russian general procuratorate requests the court to identify "meta" company as an extremist organization]
According to multiple media reports, "meta" company has made temporary changes to its hate speech policy, which will allow social media users in some countries to "call for violent resistance to Russians and Russian soldiers" on their social software Facebook and instagram, and even hate speech against Russian President Vladimir Putin.
In response to this situation, the Russian General Prosecutor's office announced on the 11th that it asked the court to recognize the American "meta" company as an extremist organization and prohibit it from carrying out business activities in Russia.
[exploration channel shareholder approves acquisition of Warner media]
On Friday local time, discovery shareholders voted to approve the merger between the company and Warner media, marking another step closer to the completion of this historic merger in the global media and entertainment industry. According to the previous expectations of both parties, the combined "Warner Bros. discovery" is expected to achieve more than $50 billion in revenue by 2023, with the potential of "three streaming media world" with Disney and Naifei.
[rivian cut production by half and the stock price continued to brush the new low after listing]
Rivian, a US electric vehicle manufacturer, announced its results for the fourth quarter of last year after hours on Thursday. In addition to a lower than expected revenue of $54 million and a higher than expected net loss of $2.5 billion, the company also announced that due to the impact of supply chain and internal production obstacles, it would cut its production capacity guidance by half to 25000 vehicles this year. Affected by a series of bad news, the company's share price fell 7.56% on Friday, continuing to brush a new low after listing.
[BlackRock's exposure to Russia has plummeted by US $17 billion in recent months]
According to BlackRock data, the exposure of corporate customers to Russian assets has plummeted from $18 billion to less than $1 billion in the past month. BlackRock said last week that Russian assets accounted for less than 0.01% of its $10 trillion management scale, and most of its remaining exposure was mainly held through index strategy.
[Wework expects revenue to rise by at least 30% in 2022]
Wework, a shared office enterprise, said on Friday that as more and more enterprises turn to mixed office mode, the company expects the annual revenue of 2022 to be between $3.35 billion and $3.5 billion, an increase of 30% - 36% over 2021. At the same time, the company expects the revenue in the third and fourth quarters of this year to reach US $900-1 billion, which is also the range in which the adjusted EBITDA profit is expected to be realized.
