U.S. stocks rose sharply in early trading on Tuesday, after opening slightly lower. Nine of the 11 sectors of the S & P 500 index rose and two fell. Among them, the technology sector led the rise and the real estate sector led the decline.
As of press time, the Dow rose 317.21 points to 26214.92 points, or 1.22%; The NASDAQ rose 107.75 points to 7971.16 points, or 1.37%; The S & P 500 index rose 35.72 points, or 1.24%, to 2918.81.
Phoenix rose 11.2%; Betta fell 0.3% after rising more than 10%; Alibaba rose 2.6%; Baidu rose 0.59%; Jingdong rose 8.5%; Netease rose 3.09%; Microblog rose 1.91%; Pinduoduo rose 2.73%; Interesting headlines rose 3.14%; Tiger teeth rose by 2.75%; Baishi fell 2.6% and Puxin education fell 1.7%.
Boeing rose 0.6%; Apple Rose 4.9%; Facebook rose 1.8%; Amazon rose 1.3%; Microsoft rose 1.4%; Google rose 1.7%; Naifei fell 0.2%; Tesla rose 1.2%.
Tencent securities, August 13 - U.S. stocks rose across the board on Tuesday morning, after opening slightly lower, because the yields of two-year and 10-year U.S. bonds are close to upside down, and the upside down yield curve means that the U.S. economy will enter recession.
As of press time, the Dow rose 317.21 points to 26214.92 points, or 1.22%; The NASDAQ rose 107.75 points to 7971.16 points, or 1.37%; The S & P 500 index rose 35.72 points, or 1.24%, to 2918.81.
Nine of the 11 sectors of the S & P 500 index rose and two fell. Among them, the technology sector led the rise and the real estate sector led the decline.
The yields of 2-year and 10-year US bonds are close to upside down:
Investors bought heavily into US Treasuries on Monday, continued to put pressure on their yields and flattened the yield curve, highlighting market concerns about the economic outlook. Interest rate pressure is particularly unfavorable to bank stocks, and their lending profit margin will be impacted.
On Tuesday, as funds continued to flow into the safe haven, the 10-year Treasury bond fell 0.5 basis points to 1.635%, while the two-year Treasury bond yield rose 2.4 basis points to 1.606%. At the same time, other traditional safe haven assets such as gold and the yen also showed upward momentum.
Economic data:
According to the data released by the U.S. Department of labor on Tuesday, the U.S. CPI (consumer price index) in July was 0.3% month on month, expected to be 0.3% from the previous value of 0.1%; Year on year 1.8%, expected 1.7%, previous value 1.6%. The core CPI of the United States in July was 0.3% month on month, expected to be 0.2%, and the previous value was 0.3%; Year on year 2.2%, expected 2.1%, previous value 2.1%.
Us July NFIB small business confidence index: the previous value is 103.30, the expected value is 104, and the actual value is 104.70.
Zhonggai shares:
Phoenix rose 11.2%; Betta fell 0.3% after rising more than 10%; Alibaba rose 2.6%; Baidu rose 0.59%; Jingdong rose 8.5%; Netease rose 3.09%; Sina fell 0.37%; Sina Weibo rose 1.91%; Pinduoduo rose 2.73%; Interesting headlines rose 3.14%; Weilai rose 0.66%; Iqiyi rose 1.41%; Ctrip rose 0.12%; Thunder rose 0.49%; Momo rose 0.8%; In the era of happy gathering, it rose by 1%; Tiger teeth rose by 2.75%; Bili Bili rose by 0.07%; Auto Home rose 0.31%; Baishi fell 2.6% and Puxin education fell 1.7%.
JD (NASDAQ: JD) had a revenue of 150.3 billion yuan in the second quarter, an increase of 22.9% year-on-year, hitting a new high in a single quarter, exceeding Wall Street's expectations; The net profit under non US GAAP was 3.6 billion yuan, a year-on-year increase of 644%, another record high, and achieved profits for 14 consecutive quarters. As of June 30, 2019, the number of active users of JD in the past 12 months had increased to 321.3 million, an increase of 10.8 million compared with the previous quarter.
Liu qiangdong, CEO of Jingdong group, said that there are two reasons for the company's good profitability. One is that the businesses laid out by Jingdong in the past few years have started to make profits and even balance. The second is that Jingdong Logistics has entered the third to sixth tier cities on a large scale four years ago. Therefore, at the beginning, the logistics cost ratio is high because the competition is relatively small. In addition, JD will upgrade the primary entrance on wechat around the 11th.
In the second quarter of 2019, the total revenue of Tencent music (NYSE: TME) increased by 31% year-on-year to RMB 5.9 billion, the net profit was RMB 927 million, and the net profit attributable to shareholders of the company under non IFRS was RMB 1.13 billion (US $164 million). Online music subscribers reached a record 31 million, a year-on-year increase of 33.0%.
Latepost exclusively learned that Ali (NYSE: Baba) is negotiating to acquire Netease (NASDAQ: ntES) koala. At present, the negotiation results are basically determined and the specific details are being discussed. The purchase price is several billion dollars. After the transaction is completed, Netease koala will conduct specific business integration and cooperation with tmall global.
In the second quarter, the revenue of fighting fish (NASDAQ: Doyu) increased by 133.2% to 1.873 billion yuan; The net profit was 23.2 million yuan, with a loss of 228.7 million yuan in the same period last year; The average Mau reached a new high of 162.8 million, a year-on-year increase of 32.6%.; The quarterly average number of paying users reached 6.7 million, a year-on-year increase of 123.3%.
The revenue of best logistics (NYSE: best) in the second quarter was 8.788.1 billion yuan, a year-on-year increase of 30.5%; The net loss was 22.4 million yuan, a year-on-year decrease of 76.1%. Not in accordance with U.S. GAAP, the net profit was 6.5 million yuan, while the net loss in the same period of last year was 55.5 million yuan.
The revenue of Phoenix New Media (NYSE: Feng) in the second quarter was 395.1 million yuan, a year-on-year increase of 8.6%; The net loss was 70.1 million yuan, and the net profit for the same period last year was 49.2 million yuan.
NYSE: new's revenue in the second quarter was 632.9 million yuan, a year-on-year increase of 19.1%, mainly due to the increase in enrollment; The net loss was 60.7 million yuan, a year-on-year decrease of 14.4%; Enrollment increased by 39.5% from 519962 in the second quarter of 2018 to 725118.
Key US stocks:
Boeing rose 0.6%; Apple Rose 4.9%; Facebook rose 1.8%; Amazon rose 1.3%; Microsoft rose 1.4%; Google rose 1.7%; Naifei fell 0.2%; Tesla rose 1.2%.
The Irish Data Protection Commission said that it had launched 11 investigations into technology giant Facebook (NASDAQ: FB) according to the EU general data protection regulations, some of which were nearing the end, and planned to start drafting decisions in the next few weeks.
According to surging news reports, on August 12, Steve middot, the new director of the Federal Aviation Administration (FAA); Steve Dickson was sworn in. Dixon said there was no timetable for resuming Boeing (NYSE: BA) 737 Max service, and reiterated that safety was the first priority.
The 13F quarterly document submitted by hedge fund third point to the U.S. Securities and Exchange Commission (SEC) in the second quarter shows that the fund's shareholding in video streaming giant Naifei (NASDAQ: NFlx) has increased by 25% and currently holds 500000 Naifei shares. In addition, the fund also emptied its stake in American Express (NYSE: AXP).
European and Asia Pacific Markets:
European stocks fell across the board, and the European Stoxx 600 index fell 0.6%. As of the close, the Shanghai index fell 0.63%, the Shenzhen composite index fell 0.85% and the gem index fell 1.01%. The Nikkei 225 index closed down 1.11%.
Oil market:
Oil prices fluctuate. WTI crude oil futures fell 0.03% to US $54.913/barrel; Brent crude oil futures rose 0.21% to US $58.692/barrel.
Other markets:
The dollar index rose 0.05% to 97.4700. The euro / dollar fell 0.07% to 1.1204. GBP / USD fell 0.01% to 1.2073. USD / JPY rose 0.17% to 105.4600.
U.S. Comex gold futures rose 0.34% to $1522.330 an ounce