No Data
No Data
No Data
Morning trading: the Dow fell slightly and the Nasdaq rose to an all-time high
On the evening of the 1st Beijing time, US stocks were mixed in early trading on Wednesday, with the Dow falling slightly and the Nasdaq rising to an all-time high. Investors are assessing the outlook for Fed policy and waiting for important economic data this week. The 374000 increase in ADP employment in the United States in August was less than expected, indicating a significant slowdown in the labor market recovery. The Dow fell 63.50 points, or 0.18%, to 35297.23; the Nasdaq rose 84.96 points, or 0.56%, to 15344.19; and the S & P 500 rose 5.08 points, or 0.11%, to 4527.76. On Wednesday morning, the Nasdaq rose as high as 1.
The passage of a $550 billion infrastructure bill by the U.S. Senate won a major victory for Biden.
The Speaker of the House of Representatives will link the vote on the bill to a $3.5 trillion economic plan. $550 billion will be used to upgrade and expand roads, railways, power grids, and broadband. The US Senate passed a $550 billion infrastructure bill, marking the largest public utility spending in decades and winning President Joe Biden a major victory on the economic agenda. Members of both parties in the Senate passed the infrastructure bill by a 69-30 vote on Tuesday, making a breakthrough on an issue that has plagued Congress and the president for years. But the spirit of bipartisanship will soon fade away, Senate Majority Leader Chuck
Ford: redesigning parts to deal with chip shortage consideration and direct deal with contract factory
Ford CEO Jim Farley, the second-largest US carmaker, said on Thursday that it was redesigning car parts to use more readily available chips in response to a global shortage of semiconductors. Jim Farley also said at Ford's online annual shareholders' meeting that the company was considering other future strategies, including establishing chip buffers and signing direct supply agreements with contract manufacturers that make semiconductor wafers. In general, carmakers usually acquire chips through their largest suppliers, rather than dealing directly with chipmakers and wafer foundry factories that make semiconductors. Chip shortage has been guided.
The SNB holds game stations and the value of positions in US stocks reached an all-time high last year.
The SNB's US equity portfolio rose to a record $141 billion in December, reflecting a rally in the stock market. The SNB, which invests 20 per cent of its reserves in stocks, held shares in 2490 companies as of December 31, according to a filing with the US Securities and Exchange Commission on Friday. High-profile holdings include Apple Inc, Amazon.Com Inc and even GameStop Corp. The latter's share price fluctuated sharply in the standoff between retail investors and Wall Street professionals, prompting Treasury Secretary Janet Yellen to call for an investigation. The SNB relieves by intervening in the foreign exchange market
No Data
No Data