U.S. stocks rose at midday on Thursday, with tech stocks leading the rise of the NASDAQ. The market is weighing economic data against the Fed minutes. Last week, the U.S. unemployment relief data broke through one million again. Minutes of yesterday’s fed meeting warned that the outbreak had a “significant” impact on the US economic outlook. Technology stocks generally rose, while Dow component Intel rose 2%. Apple rose 1.4% and its market value exceeded $2 trillion. Cisco rose 1.1%, while Microsoft rose 1.1%. Jim McDonald, chief investment strategy analyst at Northern Trust, said there was still a lot of uncertainty about the coronavirus outbreak and its impact on the economy in the post influenza season. However, the stock market’s valuation has reached the present high level, which means that the market valuation has taken into account a large part of the economic recovery expectations, which means that it will be more difficult for US stocks to obtain greater returns in the future. The latest news on Thursday showed that major central banks around the world reduced the frequency of dollar liquidity operations: major central banks such as the European Central Bank, the Bank of England, the Bank of Japan and the Swiss central bank said they would reduce the frequency of seven day US dollar operations from three times a week to once a week, taking into account the improvement of US dollar financing and weak demand. < p > < p > on August 20 local time, the latest data released by the U.S. Department of labor showed that in the week ending August 15, the number of people applying for unemployment benefits for the first time in a single week fell below 1 million in the previous week, and then exceeded 1 million again, reaching 1.106 million. The number of unemployed people in the previous week was also revised from 963000 to 971000. The average number of people applying for unemployment benefits for the past four weeks was 1175700. In addition, according to the data recently released by the U.S. Department of labor, the U.S. labor market increased by 1.8 million jobs in July. However, according to the analysis of several financial media before, since the multi state economy was restarted, the employment market has recovered, but the unemployment again will be permanent unemployment, which has a more profound impact on the recovery of the US economy. < / P > < p > another data showed that the Philadelphia Fed Manufacturing index fell to 17.2 from 24.1 in August, while the market had expected a slight decline to 20.8. < / P > < p > market participants are still weighing the minutes of the Fed’s meeting released yesterday. The minutes of the July FOMC meeting were carefully worded, and Fed officials were clearly reluctant to send a clear signal on the direction of interest rate movements at the next meeting. On the U.S. economy, Federal Reserve officials agreed that “a sustained public health crisis will seriously affect economic activity, employment and inflation in the short term, and pose considerable risks to the economic outlook in the medium term.” “Fed officials are clearly worried that the resurgence of the epidemic may put pressure on the economy, but most agree to wait for more information,” Paul Ashworth, chief US economist at capital economics, said in a report “As the coronavirus infection rate drops again, the urgency of increasing monetary policy stimulus may decrease,” he said. But there is another difference in the minutes: Fed officials still believe that “strong fiscal policy support” is “necessary to stimulate rapid improvement in labor market conditions.”. Given the failure of Congress to expand fiscal stimulus, more of the burden will fall on monetary policy. ” < / P > < p > NVIDIA has hinted that data center business growth will slow down. NVIDIA announced its latest quarterly results. After the acquisition of mellanox, revenue of data center business rose 167% to $1.75 billion, surpassing the game business for the first time. During the reporting period, the company’s overall revenue was $3.87 billion, up 50% year-on-year; net profit was $622 million, up 13% year-on-year, but decreased by 32% month on month. Although the financial data is bright, but the company hinted that data center sales will slow down. < p > < p > Intel announced a $10 billion buyback plan. After trading on Wednesday, Intel announced a $10 billion accelerated share buyback plan. The company’s CEO said in a statement that despite macroeconomic instability, Intel’s share price is now far below its intrinsic valuation. It is reported that after completing the buyback, the company will complete 17.6 billion US dollars of the 20 billion US dollars repurchase plan announced last October, and the remaining 2.4 billion dollars will be carried out at the right time. < p > < p > China capital stock leader Baba disclosed the first fiscal quarter report of fiscal year 2021. The company’s revenue in the first quarter was 153.75 billion yuan, compared with 114.924 billion yuan in the same period of last year; the net profit of non-public accounting standards in the first fiscal quarter was 39.47 billion yuan, and the market was expected to be 19.88 billion yuan; the adjusted earnings per share was 14.82 yuan, and the market was expected to be 13.79 yuan. < / P > < p > Facebook has been awarded $650 million to settle the illegal collection of user data. According to media reports, US federal court judges recently approved a lawsuit against Facebook for illegally collecting user biological data. It is understood that a federal judge rejected the initial $550 million settlement in January, forcing Facebook to raise the compensation to $650 million. According to the agreement, users who upload photos to the site after 2011 can file a claim and share the fine equally. Curvac, a new vaccine stock, has been initially targeted to provide 225 million doses of vaccine to the European Union. On Thursday, local time, curevac, a new vaccine IPO just completed last week, announced that it had made preliminary contact with the European Union and agreed to provide 225 million doses of new coronal vaccine on the premise of verifying its safety and effectiveness, and the European Union has 180 million additional doses of option. < / P > < p > Tesla executives said the company would begin to roll “made in China” model y models off the production line of Shanghai’s super factory in early 2021. The Asia Pacific stock market fell sharply on Thursday, with the Nikkei 225 index down 1%, China’s Shanghai composite index down 1.3%, Hong Kong’s Hang Seng index down 1.5%, and South Korea’s Kospi index closed down more than 3.6%.