On Tuesday Eastern Time, the three major US stock indexes closed with mixed gains and losses, with the Nasdaq down 1.63%, marking the largest daily decline since the end of October last year; The S&P 500 index fell 0.57%, while the Dow rose 0.07%, reaching a new historical high.
Popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling 3.50%. Ideal Automobile and NIO fell more than 7%, JD.com, Manbang, and Futu Holdings fell more than 5%, Bilibili fell more than 4%, Xiaopeng Automobile, Weibo, Alibaba, Tencent Music, and Baidu fell more than 3%, Vipshop fell more than 2%, iQiyi fell more than 1%, NetEase and Pinduoduo fell slightly.
Global News
The United States demands that the Netherlands stop exporting a certain model of lithography machine to China. The Ministry of Foreign Affairs responds
Wang Wenbin stated that we urge the Dutch side to uphold an objective and fair position and market principles, respect the spirit of the contract, take practical actions to safeguard the common interests of China and the Netherlands and their respective enterprises, and maintain the stability of the international industrial and supply chains, as well as a free, open, just, and non discriminatory international trade environment. China will closely monitor relevant trends and resolutely safeguard its legitimate rights and interests.
New Year or old problem? The US government is expected to close its doors as soon as January 20th
The dispute over the 2024 government budget bill in the US Congress is continuing, and according to the November Provisional Appropriations Act, the US government will partially close as early as January 20th; According to a senator, it is highly likely that Congress will introduce a temporary budget that lasts for a year, but this will be the third time Congress has adopted a stopgap approach.
After 12 months of ups and downs, will the 10-year US Treasury yield start again from last year's "starting point"?
What makes many bond market traders feel quite dramatic is that at the beginning of 2024, after 12 months of intense volatility and frequent fakes, the yield of the US 10-year treasury bond bond will start from the "origin" of last year.
Company News
Tesla: Vehicle delivery for the whole year of 2023 increased by 38% year-on-year, reaching 1.81 million vehicles
Tesla's delivery volume for the fourth quarter of 2023 was 484507 vehicles, with a market estimate of 483173 vehicles. In 2023, vehicle delivery increased by 38% year-on-year to 1.81 million vehicles, while production increased by 35% year-on-year to 1.85 million vehicles.
Barclays downgrades Apple stock rating warning that iPhone demand will slow down
Due to expectations of weak demand for the latest iPhone, Barclays analysts have rarely downgraded Apple's stock rating. Before Tuesday's US stock market, Apple's stock price fell by over 2%. Barclays analysts led by Tim Long have downgraded Apple's stock rating to underpriced, with a target price lowered from $161 to $160, which means the company's stock price will fall by 17% over the next year.
New battery regulations in the United States are in effect! Tesla, General Motors, and more electric vehicles lose their tax credit eligibility
The US Treasury Department has recently announced that many electric vehicles have lost their tax credit eligibility of up to $7500 after the new battery procurement regulations take effect.