In the early hours of the 22nd Beijing time, U.S. stocks rose late Friday, with both the S & P 500 index and the NASDAQ index hitting record intraday highs. The market is weighing factors such as the US presidential election, the prospect of a new round of anti epidemic relief stimulus bill and labor market conditions. < / P > < p > the NASDAQ index rose to 11326.21, and the S & P 500 index rose to 3399.96, both reaching new intraday highs. The standard & Poor’s 500 index ended the bear market this week and reached a record high. With signs that the economic recovery may be delayed for a long time, and due to the lack of new fiscal stimulus support for the US domestic economy recently, investors who feel heavy pressure are chasing technology and home concept stocks again. < p > < p > at the beginning of this week, the S & P 500 index broke through its February high and reached a record high. The Nasdaq composite index also hit an all-time high on Thursday. By the end of the week on Thursday, the S & P 500 was up 0.4%, and the Nasdaq was up more than 2%. < / P > < p > US stocks rose this week mainly due to the rise of large technology stocks. Apple rose about 3% this week to become the first U.S. public company with a market capitalization of more than $2 trillion. Both Amazon and Google’s parent company alphabet rose more than 4%, while Microsoft rose 2.7%. “These are great companies that are likely to continue to achieve robust earnings growth, but one has to wonder if there is too much market mania in the current share prices,” said Brian price, head of investment management at Commonwealth financial network “If we start to see broader markets and other sectors showing strength, it will be constructive for the overall health of the US stock market,” he said. Compared with the recent low in March, we see some small rebounds in cyclical, value oriented sectors, but none of them are sustainable. ” Nancy Pelosi, speaker of the U.S. House of Representatives, said Friday that both parties in Congress need to reach a more comprehensive fiscal stimulus package, considering that the coronavirus epidemic has forced tens of millions of Americans to take leave and lose their jobs. The background of Pelosi’s remarks is that the last round of unemployment benefits provided by the U.S. government has expired and the new round of fiscal stimulus package with the Republican Party has reached an impasse. The United States has said it wants to continue with its original plan of $600 a week in additional unemployment benefits. Republicans also agreed to extend the extra unemployment benefits program, but advocated lower payments. The U.S. economy, which has been hit hard by the coronavirus epidemic, is trying to recover just as the two parties in the United States are deadlocked over the fiscal stimulus plan. The U.S. Labor Department reported on Thursday that more than one million people applied for unemployment benefits for the first time last week. The July meeting minutes released by the Federal Reserve on Wednesday said the coronavirus pandemic “will seriously affect economic activity, employment and inflation in the short term.” According to data released on Thursday, the IRS estimates that 229.4 million jobs can be classified as employees in 2021, which is about 37.2 million lower than the pre epidemic estimate of last year. The report predicts that the number of W-2 declarations will be lower than previously estimated until at least 2027. The number of declarations in 2027 is expected to be about 15.9 million less than originally estimated. The latest data released by the U.S. Department of labor on Thursday showed that the number of first-time jobless claims in the United States rose to more than 1 million after a brief improvement last week, highlighting that the recovery of the economy and labor market hit by the coronavirus epidemic still has a long way to go. “It’s just a temporary setback, the number of coronavirus infections is still high, but the situation is improving, and the process of reopening continues – but the pace of restart has slowed down, given the surge in infection cases in July,” said Robert Frick, corporate economic data for Navy Federal Credit Union “Although the return of jobless claims to 1 million is temporary, it highlights the fact that the U.S. economy is still suffering from a coronavirus,” Robert Frick said. Americans lose their jobs because of redundancies, bankruptcies and other factors that are too fast and confusing to accurately calculate the impact of weekly jobless claims. ” According to reports, former Vice President Joe Biden accepted the presidential nomination at the National Congress on the evening of the 20th. He will compete with current president trump for the White House. Analysts pointed out that this speech is a key opportunity for Biden to build up his campaign image and send signals to voters, which will have an impact on the next election campaign. Although Biden is currently ahead of his Republican rival, trump, who is seeking re-election in the polls, his road to the White House is still bumpy. Some analysts believe that some people in the US stock market have already made an election bet. Since the start of the summer, for example, UBS’s focus on asset management has been on the rise, with the rise in equity market sentiment, for example, from the start of the summer < p > < p > the European economic recovery has stalled due to the impact of European entry-exit restrictions on summer tourism demand. According to data released by IHS Markit on Friday, the euro zone’s manufacturing PMI in August was 51.7, with an expected 52.9; and the service sector’s PMI was 50.1, with an expectation of 54.5. On the other hand, the number of new cases in a single day in many European countries has reached the highest in several months. France reported 4771 new cases on Thursday, the biggest one-day increase since April 14. In addition, new cases in Germany, Spain and Italy have recently reached a new high in recent months. The significant decline of European economy due to the drag of service industry shows that it is difficult to get out of recession smoothly, which also depresses the hope of V-shaped recovery. Although the rate of coronavirus infection is approaching the level during the strict blockade earlier this year, European governments have so far been reluctant to reintroduce the strict ban. In response to the latest economic data from the euro area, Andrew Harker, deputy director of Markit, said the economic rebound in the euro area lost momentum in August, highlighting the weakness of internal demand caused by the epidemic. In addition to the euro zone economic data, there are signs of a rebound in the European epidemic: in the past 24 hours, there were 4771 new cases in France, the largest one-day increase since April 14. Germany added 1707 new cases in the 24 hours to Thursday, the highest single day confirmed case since April. Russ mold, investment director of AJ bell, said, “the market seems to be gradually realizing that the world will have to face a longer duration of coronavirus outbreaks as local outbreaks and widespread infections increase in countries that lift the blockade.” In the UK EU negotiations, frost, the UK’s chief representative for brexit talks, said: “we will continue to work to reach an agreement. The talks are meaningful, but little progress has been made, and the next round of talks will be held in London the week of 7 September. ” The agreement needs to be ready by the end of October at the latest in order to have time to approve it, EU chief negotiator paniyer said. Negotiations have been slow this week. Disappointed and surprised that the negotiations did not accelerate. An agreement with the UK seems unlikely at this stage. There is not much time left and it is still possible to reach an agreement. According to the latest statistics of Johns Hopkins University, 800000 people have died of the new coronavirus. Microsoft co-founder Bill Gates predicted that “the worst is still ahead” and that the death toll will eventually rise by millions. In a recent interview, he explained that emerging markets, where health care systems and economies are already in trouble, will be the regions most suffering from the new outbreak. Gates predicted that the new outbreak is expected to end by the end of 2021, when a large number of effective vaccines will be available. PFE and bntx released the latest critical clinical phase 2 / 3 test results of the new crown vaccine. The data showed that the safety of bnt162b2 vaccine in the second test was higher than that of bnt162b1. The vaccine will be subject to regulatory review as early as October. The two companies expect to supply 100 million doses of vaccine this year and 1.3 billion doses by 2021. Novel coronavirus pneumonia vaccine candidate is scheduled for the three largest clinical phase study in early September,
Johnson said. Up to 60000 people will be recruited for phase III trials, according to a Johnson & Johnson spokesman and the US clinical trials database. The J & J trial will be the largest trial of the new crown vaccine so far. < p > < p > Apple (AAPL) may hold a press conference on September 10: new products such as iPhone 12 will be unveiled. According to the news, apple quietly launched a live test page today with the words test, which lists the date and countdown of September 10, which means that Apple may hold a press conference on that day. < / P > < p > Wall Street has raised the target price of NVDA, and new products may continue the growth momentum of the company. Bank of America expects the new product (7Nm Ampere) cycle to continue to grow in the long term as cyclical automotive industry and professional visualization data gradually recover in 2021. < / P > < p > Needham raised NVIDIA’s target price from $400 to $600. Wedbush raised NVIDIA’s target price from $500 to $525. Mizuho raised its target price from $400 to $525. Both Citigroup and Cowen raised their target price to $540. < / P > < p > Tesla is getting attention. The stock broke through the $2000 mark for the first time yesterday, with a market value of more than $370 billion. Tesla has risen by more than 370% so far this year, 470% from the March low of $350.51 and 1030% from the low of $176.99 in June last year.