On the evening of the 21st, Beijing time, U. S. stocks opened lower on Friday, with major stock indexes close to record highs. Investors are evaluating a new round of results and more data on the pace of economic recovery.
The Dow fell 5.33 points, or 0.01%, to 35597.75; the Nasdaq fell 57.94 points, or 0.38%, to 15157.76; and the S & P 500 fell 7.45 points, or 0.16%, to 4542.33.
U. S. stocks closed mixed on Thursday, with the S & P 500 posting a seventh straight day of gains and record intraday and closing highs. Both the S & P 500 and the Dow are near all-time highs.
Snap IncShare prices tumbled, revenue fell short of expectations in the third quarter, and issued weak guidance for the quarter, Apple Inc.New rules on the company's iOS privacy policy have undermined the social media platform's advertising business.
IntelShare prices also fell as the company warned that profit margins would be under pressure over the next three years due to global shortages of raw materials.
Chipotle, a Mexican fast-food chain, reported better-than-expected quarterly same-store sales and said there was a widespread shortage of staff.
Claims for unemployment benefits fell more than expected last week to their lowest level since March 2020, as layoffs, layoffs and other involuntary departures fell further in the labour market, the Labor Department reported on Thursday.
Separate data showed that sales of existing homes in the US rose at their fastest pace since September 2020, suggesting that demand for homes remains strong despite tight housing inventories and rising prices.
According to quarterly results released so far, many companies have shown that they have managed to achieve profit growth even in the face of rising investment and labour costs, as well as supply chain challenges.
The financial reports of big US stock companies will continue to follow next week, Apple Inc and Amazon.Com IncAnd Facebook IncHighly weighted stocks will report quarterly results next week.
Of the companies that have reported third-quarter earnings so far, 84% of earnings per share are higher than expected, and overall profit for the quarter is expected to grow by 33.7%.
Focus stocks
The share price of Beyond Meat, the first share of artificial meat, fell sharply. The company expects net revenue of $106 million for Q3, compared with a previous guidance of $120 million to $140 million.
Snap Inc, the "burning after reading" communications app, released better-than-expected results on Thursday after trading. But Derek Anderson, the company's chief financial officer, said Apple Inc's new privacy rules have a great impact and will affect the broader advertising ecosystem. Social media stocks fell in pre-market trading.
Tony Fadell, the father of iPod and a former executive of Apple Inc, said in an interview that he thinks Apple Inc will enter another major new hardware category in the next decade, but it may not be two. Fadell helped Apple Inc develop iPod and iPhone.
Car maker Strandis and Samsung SDI, a battery maker owned by the Samsung Group, have announced that the two companies have reached a memorandum of understanding and plan to form a joint venture to produce electric vehicle batteries and modules in the United States. Mr Strandis said the plant was scheduled to start operating in the first half of 2025.
According to reports, on October 21 local time, the environment department of Brandenburg, Germany, said that due to concern that the previous process did not comply with the regulations, online public consultation would be held again to allow local citizens to fully express their views on Tesla, Inc..The opposition of the German factory.
The Brandenburg Department of Environment decided to restart the public inquiry process because some local environmental groups were divided in another case. Online public consultation was also used in the case, but not enough to inform citizens in advance to use the "online" approach. This has raised concerns that the same could happen to Tesla, Inc..
The share price of Phunware, another Trump concept stock, soared. Phunware's software has previously provided mobile apps for the Trump campaign.
There are media reports that Apple Inc will be PanasonicAs a potential supplier of electric vehicle batteries. Negotiations between Apple Inc and Ningde Times and BYD over the battery supply of their planned electric vehicles largely stalled after the two companies refused to set up a special team or factory for Apple Inc in the United States, according to three people familiar with the matter.
But another person familiar with the matter said Apple Inc did not give up hope of resuming negotiations with Ningde or BYD. Apple Inc, Panasonic and BYD declined to comment.
Pfizer IncThe results of phase 3 clinical trials of COVID-19 enhanced vaccination were jointly published with BioNTech, which enhanced the protective effect of vaccination by 95.6% compared with placebo. According to the press release, this is the first randomized, double-blind, placebo-controlled phase 3 clinical trial of enhanced vaccination. It provides more scientific basis for guiding enhanced vaccination.
