The market is worried about the strengthening of preventive measures to curb the economic recovery, U.S. stocks fell across the board in the first trading day of 2021, but new energy vehicle stocks such as tesla bucked the market higher.
Overnight Highlights
The U.K. launched the first doses of AstraZeneca’s new crown vaccine on Monday. British Prime Minister Johnson will announce new epidemic restrictions on Monday night local time, and media said the British government plans to include all of England in the highest level 4 epidemic prevention zone, meaning the whole of England faces a third full blockade.
German media said the German government is expected to extend the deadline for stricter blockade measures from Jan. 10 to Jan. 31.
Monsef Slaoui, head of the White House’s new crown vaccine, said on Sunday that the U.S. government is considering offering half the dose of the Moderna vaccine to some people in order to speed up vaccinations. On Monday he acknowledged that vaccination efforts across the U.S. are lagging, saying that as of Monday morning, 4.2 million people in the U.S. had received their first dose of the new coronavirus vaccine and 13 million doses had been distributed. And the federal government had previously repeatedly promised that 20 million people would have received their first doses of the vaccine by the end of last year.
U.S. stocks open higher, lower
The three major U.S. stock indexes opened higher and lower on Monday and quickly turned lower early in the session, with the S&P 500 and the Dow Jones Industrial Average both hitting record intraday highs, and the Nasdaq Composite Index collectively falling more than 1% in early trading.
The Dow opened about 21 points higher, rising above 30,670 points at the beginning of the session to a record high, up nearly 70 points during the day, and fell below the 30,000-point mark at midday, down more than 600 points during the day, a percentage drop of more than 2%. Component stocks, Coca-Cola led the decline, down nearly 5%, Boeing fell more than 4%, disney fell more than 3%.
S&P 500 early in the day near a record high of 3770 points rose nearly 0.4% during the day, once down about 2% in midday trading. The Nasdaq had risen more than 0.5% at the beginning of the session, down more than 1.9% at midday.
Apple and other FAANMG leading technology stocks fell en masse during the day, significantly dragging down the S&P and the Nasdaq. Apple, Facebook, Microsoft and Amazon all fell more than 2% during the session, Nifty fell more than 3%, and Google parent company Alphabet fell more than 1%. The new energy vehicle stocks rose against the market, close to reaching the goal of 500,000 shipments in 2020 Tesla rose more than 5% during the day, once rose above $ 744 for the third consecutive day to hit a new intraday high, is expected to hit a new closing high for the second consecutive day. The three major Chinese car-making new power, ideal car rose 12%, Azure rose 9%, Peng car rose 7%.
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