U.S. stocks polarized Dow hit an intraday high, with Nasdaq down more than 300 points and Baidu Pinduoduo down more than 1 1%.

Financial Network reported on March 9 that Biden's $65,438+$0.9 trillion bail-out bill passed the Senate vote on Saturday. The recovery of selling pressure on government bonds pushed the yield of 10-year government bonds to a new high in more than a year, but the decline of technology stocks and chip stocks led to the highest in Nasdaq and Dow in 28 years. US stocks closed mixed, with the Dow up more than 300 points and Nasdaq down more than 300 points. Aviation and WSB concept stocks rose, while technology stocks and popular Chinese stocks plummeted, with a decrease of 17%, Pinduoduo 12%, and Bidu 1 1%. Game stations have increased by 40%.

At the close, the Dow Jones index rose 305.8 1 point, or 0.97%, to 3 1802. 1 1 point; The S&P 500 index fell 19.34 points, or 0.50%, to 3,822.60 points. The Nasdaq Composite Index fell 3 10.99 points, or 2.45438+0%, to 1609438+06 points. The Dow rose to 32 148.04, hitting a new high in intraday trading.

Chinese concept stocks generally fell on Monday, with Alibaba dropping 3.04% to $226.77, JD.COM dropping 5.80% to $85.36, Baidu dropping1.10% to $232.68, and Pinduoduo dropping 12.26. Renren.com bucked the trend and rose 13.06% to close at $7.36, while Jianpu Technology rose 1 1. 16% to close at $2.39; Netease fell 1 1.92% to close at $27.74, Novartis fell 12.48% to close at 12.06, and car home fell 12.5 1%.

European stock markets generally closed higher. The pan-European Stoxx 600 index closed up 8.57 points, or 2. 10%, at 4 17.25. Among them, banking stocks led the gains, with an increase of 3.7%; Germany's DAX30 index closed up 460.22 points, or 3.3 1%, to 14380.95438+0, a record high. The Shanghai Composite Index fell 2.3%, the Nikkei 225 Index fell 0.4%, and the KOSPI Index of South Korea fell 1%.

The New York Mercantile Exchange gold futures for April delivery fell by $20.50, or 1.2%, to close at 1.678 per ounce. Silver futures for May delivery fell 2 cents, or nearly 0. 1%, to close at $25.269 per ounce.

West Texas Intermediate (WTI) futures for April delivery in the New York Mercantile Exchange fell by $65,438+$0.04, or $65,438 +0.6%, to $65.05 a barrel. Brent crude oil futures for May delivery on the London Intercontinental Exchange fell 1. 12 USD, or 1.6%, to close at 68.24 USD per barrel. On Sunday, the futures price broke through $70, reaching a peak of $765,438 +0.38. Since the beginning of this year, both WTI crude oil in the United States and Brent crude oil in London have increased by more than 30%. Last week, these two futures rose more than 7% because OPEC+decided to maintain the on-site measures until the end of April.

The US House of Representatives will vote on the economic stimulus bill passed by the Senate on Tuesday.

US President Joe Biden's $65,438+$0.9 trillion bailout bill was passed by 50 votes to 49 in the Senate on Saturday. At present, the American rescue plan bill has been sent back to the House of Representatives for a final vote. Hoie, the majority leader of the US House of Representatives, said that the House of Representatives will hold a vote on Tuesday. Although some radical members of the House of Representatives are dissatisfied with the changes made by the Senate to the bill, so far no one has threatened to vote against it. The Democratic Party plans to sign it into law next week.

Us treasury secretary yellen expects the labor market to get back on track next year.

Timothy janet yellen, US Treasury Secretary, said that Biden's administration is working hard to "get back on track" in the job market later this year or early next year. In a discussion with Kristalina Georgieva, managing director of the International Monetary Fund, Yellen said: "We are really worried that this crisis will cause permanent scars, and we will do our best to help the labor market return to normal track as soon as possible. By comprehensively promoting vaccination and reopening schools, I think we are expected to get the labor market back on track later this year or next year. "

In February, nearly 6,543,800 people in the United States lost their jobs, almost twice as much as before the outbreak of the epidemic, indicating that the labor market has a long road to recovery. Other economic sectors, including housing and manufacturing, recovered faster. Last month, the number of employed people in the United States increased by 379,000, exceeding economists' estimates, and the unemployment rate dropped to 6.2%.

House Democrats will push for legislation on electric vehicles.

The 17 Democrats in the US House of Representatives proposed a bill for the first time today, which will allocate $6 billion to the US Postal Service for the purchase of tens of thousands of additional electric delivery vehicles. According to Reuters, the bill will require at least 75% of the new postal fleet in the United States to be electric or zero-emission vehicles. Supporters of the bill include Peter de fazio, chairman of the Transportation and Infrastructure Committee, and Caroline maloney, chairman of the Supervision and Reform Committee, which oversees the US postal service.

The bill also requires that by 2029, the proportion of medium-sized and heavy-duty vehicles purchased in the United States will be no less than 50%, and all new cars of the US Postal Service will achieve zero emissions after 2040 1 month. Since Joe? After Biden was elected president of the United States and the control of the Senate fell into the Senate, it is widely expected that legislation related to electric vehicles will be introduced. Most analysts expect that the major green push will come after the stimulus measures for the COVID-19 epidemic are paid and the funds for increasing vaccination are put in place.

Goldman Sachs predicts that by the end of 20021,the unemployment rate in the United States will drop to 4. 1%.

According to Goldman Sachs' forecast, the unemployment rate this year may drop to near the level before the coronavirus pneumonia-19 epidemic, which indicates the recruitment boom in the future. The company expects the unemployment rate to reach 4. 1%, which may be lower, depending on the strength of the recovery, in order to return to work in more fiscal stimulus measures and the departments hardest hit by coronavirus.

In addition, this forecast holds that the economy will return to the pre-epidemic wage level long before the end of 2022, and US Treasury Secretary Yellen supported this view in an interview with MSNBC on Monday. Just before the outbreak of the epidemic in February 2020, the unemployment rate was 3.5%, the lowest level in more than 50 years. In April 2020, due to the closure of enterprises to curb the spread of coronavirus, this proportion soared to 14.8%, and it has dropped to 6.2% in February this year. Despite this, the total number of employed people is still about 8.5 million less than a year ago.

Hedge fund tycoon Tepper: Major market risks have been eliminated or the selling of US debt has ended.

David Tepper, a billionaire investor and founder of Appaloosa Management, said that it is difficult to see the stock market fall at present, and the selling of US Treasury bonds that pushed up interest rates is likely to have ended. Tepper said that the main risks in the market have been eliminated and interest rates should be more stable in the short term. "Basically, I think most of the short-term trend of interest rates has passed and should be more stable in the next few months, which makes it safer to enter the market now."

In the past few weeks, with rising inflation expectations, the yield of US bonds has risen sharply, putting pressure on risky assets. The yield of 10-year US Treasury bonds climbed from 1.09% at the end of October to more than 1.60% on Monday. The rapid rise in returns has hit technology stocks particularly hard. Tepper believes that Japan, which has been a net seller of US debt for many years, may start buying US debt again after its yield soars. Potential purchases may help stabilize the bond market, Tepper said.

Deutsche Bank survey: Young people want to spend nearly half of the stimulus plan on stock investment.

The upcoming $65,438 +0.9 trillion economic stimulus plan is expected to make the US stock market usher in a large-scale capital inflow again. Deutsche Bank recently launched a survey to find out how much money is likely to enter the stock market in the US economic stimulus plan.

According to the survey results, half of the people aged 25 to 34 plan to spend 50% of the stimulus funds on the stock market. At the same time,/kloc-respondents aged 0/8 to 24 plan to invest 40% of the economic stimulus funds in the stock market; Respondents aged 35 to 54 plan to invest 37% of their funds in the stock market; Respondents over the age of 55 indicated that they would invest 16% in the stock market. Therefore, Deutsche Bank said, "A large part of the upcoming stimulus funds in the United States may enter the stock market."

Deutsche Bank estimates that an online survey of 430 retail investors found that respondents plan to put a large part (37%) of the upcoming stimulus measures directly into the stock market, which may mean that $654.38+70 billion will flow into the stock market.

JPMorgan Chase believes that the sharp decline in emerging market currencies brings buying opportunities

The worst sell-off of emerging market currencies since the outbreak of the epidemic is attracting some of the world's largest investment funds to increase their bets on securities that have fallen sharply. Pierre-Yves Bareau, head of emerging market debt at JPMorgan Chase Asset Management in London, said that this situation is especially applicable to commodity-sensitive currencies, which are expected to rebound.

Many investors, including Bareau, believe that the recent asset turmoil in developing countries is only a short-term distortion under the optimistic background. On Monday, MSCI's emerging market currency index hit its biggest decline since March 23 last year. The index fell to a four-month low and also fell below the 100 daily moving average, indicating that it may fall further. Among the 24 major emerging market currencies tracked, they have depreciated by 2 1 this year, among which the Brazilian real, Mexican peso and Argentine peso have the largest declines.

Casewood's flagship fund suffered its longest continuous decline in a year.

The exchange traded fund (ETF) managed by Cathie Wood continued to fall on Monday, indicating that the sell-off that caused its main fund to shrink by 25% in the past three weeks will not end immediately. The data shows that Ark's innovative ETF has experienced the longest consecutive week of decline since the outbreak triggered the market crash last year. Other products of Wood's Ark Investment Management Company also fell.

The continuous decline of funds is the most serious challenge faced by the company founded by Wood 20 14. Encouraged by ARK's outstanding returns in 2020, investors have invested billions of dollars in her ETF in recent months.

The latest data shows that Wood's main fund recorded a small inflow of funds last Thursday, although it fell by 5.3%. Other funds such as Ark Next Generation Internet ETF(ARKW) and Ark Genome Revolution ETF (ARKG) also experienced hundreds of millions of dollars of capital outflows.

GameStop intends to abandon the physical store to transform into an e-commerce, and its share price has risen by 50%.

It is reported that GameStop shares rose by 50% in today's intraday trading. Earlier, the company announced that it had hired Ryan Cohen, co-founder of Chewy, an e-commerce platform for pet products, to lead its transformation to e-commerce. Cohen will be the chairman of a special committee set up by GameStop's board of directors to help GameStop transform. In addition, board members Alan Attal (former Chief Operating Officer of Chewy) and Kurt Wolf will also join the committee.

Cohen invested in GameStop last year to push the video game retailer to focus on online sales and stay away from physical stores. Earlier this year, Cohen's investment promoted the crazy rise of GameStop's share price. So far this year, GameStop's share price has soared by more than 700%, making the company's market value reach $654.38+006 billion.

Xpeng Motors' delivery and revenue in the fourth quarter exceeded the guidelines, and the gross profit for the whole year turned positive for the first time.

Xpeng Motors announced that the total revenue in the fourth quarter of 2020 was RMB 2,856,5438+0 million (US$ 437 million), up 345.5% year-on-year and 43.3% quarter-on-quarter. In fiscal year 2020, the total delivery volume reached 2704 1 set, an increase of 1 12728 sets compared with 20 19 years, of which the delivery volume of P7 reached 15062 sets. The total revenue in fiscal year 2020 was RMB 5.844 billion (US$ 896 million), up by 15 1.8% year-on-year.

Maverick Technology released its fourth quarter results in 2020, with revenue of 672 million yuan, a year-on-year increase of 25.3%.

Maverick Technology, a global provider of urban smart mobile solutions, today released the unaudited performance report for the fourth quarter and the whole year of 2020. The financial report shows that the operating income in the fourth quarter was 672 million yuan, a year-on-year increase of 25.3%; The net profit was 58.2 million yuan, compared with 60.7 million yuan in the same period of last year; The total sales volume of electric scooters increased by 465,438+0.6% year-on-year; The annual operating income was 2,444.3 billion yuan, a year-on-year increase of17.7%; The annual net profit was 65438+867 million yuan, and it was 1.90 1 billion yuan in 20 19 years.