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Cailianshe News, August 15 (Editor: Shi Zhengcheng)As the latest US CPI data reinforced the main line of "inflation is gradually weakening", the US stock market closed up collectively in the overnight volatility. In summary, after the high rise on Tuesday, Wednesday was in a relaxed state of "no big news, just good news".

As of the close, the S&P 500 rose 0.38% to 5455.21 points; the Nasdaq rose 0.03% to 17192.6 points; and the Dow Jones Industrial Average rose 0.61% to 40008.39 points.The S&P 500 and Nasdaq rose for the fifth consecutive day, which is also the longest consecutive rise in the past month. On Wednesday, technology stocks performed mediocre overall, while blue chips in the financial and energy sectors were more active.

(Nasdaq index minute chart, source: TradingView)

After two consecutive days of inflation data,Morgan StanleyChris Larkin, Head of Trading & Investment at E·Trade, said:The main question now becomes whether the Fed will cut rates by 25 basis points or 50 basis points next month. If most of the data in the next five weeks point to a slowdown in the economy, the Fed may be more aggressive in cutting rates.

Of course, the data that CPI grew by 2.9% year-on-year in July and core CEP grew by 3.2% year-on-year have relatively limited effect in pushing the Federal Reserve to cut interest rates more aggressively.

UBSBrian Ross, senior investment strategist at Global Wealth Management, said:The inflation data was enough for the Fed to start cutting rates in September, but it didn’t give them a reason to cut rates much. That question may depend on the next non-farm payrolls data.Ross also said,Thursday's retail sales data will be another key point, as the main risk to a "soft landing" for the U.S. economy comes from a pullback in consumer spending.。

There was another new development on Wednesday.The World Health Organization has announced that the rapidly spreading outbreak of monkeypox variants in Africa constitutes a "public health emergency of international concern."Unlike the global monkeypox outbreak two years ago, which was caused by the milder IIb variant, this outbreak was mainly caused by the Ib variant, with the mortality rate rising more than ten times. Therefore, with Tedros's order, concept stocks in the vaccine, drug, and testing sectors all showed a rising momentum.

The biggest reaction was from the Danish monkeypox vaccine manufacturer Bavarian Nordic, whose two securities BVNKF and BVNRY traded over the U.S. stock market rose 40.7% and 32.52% respectively. In addition, monkeypox/smallpox vaccine developers Emergent BioSolutions rose 11.65% and Chimerix rose 9.47%.

In addition, GeoVax Labs, a developer of monkeypox treatment drugs, rose 30%, SIGA rose 26.94%; monkeypox virus detection product manufacturersRoche、AbbottAlso rising, Applied DNA Sciences Inc. gained 25.82%.

Hot stocks rise and fall

Unlike Tuesday, tech giants were much quieter last night.appleUp 0.2%,MicrosoftUp 0.69%,AmazonDown 0.08%, META fell 0.34%, Google-A fell 2.31%, Tesla fell 3.1%, Nvidia rose 1.67%, and Intel fell 2.69%.

Chinese concept stocks were relatively sluggish. After the release of the financial report, Tencent ADR fell 3.35%, and the Nasdaq China Golden Dragon Index closed down 1.63%. Alibaba fell 2.01%, Baidu fell 2.56%, Pinduoduo fell 1.42%, JD.com fell 0.88%, NetEase fell 1.98%, NIO fell 4.37%, Li Auto fell 3.04%, and Xpeng Motors fell 4.16%.

Other News

[Apple will open NFC chips to third-party applications]

Apple announced on Wednesday that it will open the iPhone's NFC chip based on the company's secure element to allow third-party contactless payments, car keys, access cards, various certificates and membership cards. It is worth noting that Apple stated in a statement that in order to call the NFC chip of Apple phones, developers need to sign a commercial agreement with Apple and pay related fees. These APIs will be available in the iOS 18.1 update, and will first be launched in the United States, the United Kingdom, Canada, Japan and other countries, and will be expanded to more countries and regions in the future.

[Gilead's new liver disease drug receives fast-track approval from FDA]

Gilead Sciences announced on Wednesday that the U.S. Food and Drug Administration (FDA) has accelerated approval for its liver disease treatment drug Livdelzi. This is a PPARδ (selective peroxisome proliferator-activated receptor δ) agonist drug used as a second-line treatment for adult primary biliary cholangitis (PBC) patients. Due to the nature of the accelerated approval, Gilead needs to demonstrate the clinical benefit of Livdelzi through confirmatory trials to ensure that the drug can continue to be approved.

Gilead acquired the Livdelzi therapy in March of this year when it spent $4.3 billion to acquire CymaBay Pharmaceuticals.

【Change CEO concept stocks +1 Victoria's SecretClosed up 16%】

Victoria's Secret announced on Wednesday that well-known retail manager Hillary Super will serve as the company's new CEO, effective September 9. She has nearly 30 years of experience in the retail industry and most recently served as the CEO of artist Rihanna's lingerie brand. At the same time, the company pre-disclosed its second-quarter results, which were basically in line with previous guidance or higher than expected. Influenced by this news, Victoria's Secret closed up 16.41% on Wednesday.

【Apple "Desktoprobot"There are new rumors]

Well-known Apple whistleblower Mark Gurman revealed on Wednesday that Apple has a team of hundreds of people working on the development of a desktop home robot that combines an iPad-like display with robotic limbs. The product, codenamed J595, was approved by Apple management as early as 2022, but was not officially launched until recent months. The company plans to advance the product as early as 2026 or 2027 and strive to reduce the price to around $1,000.

Apple's marketing team is reportedly concerned about whether consumers will pay for such a product, while software engineering executives are also concerned about the manpower required to build the software needed for the new product, but CEO Cook and hardware engineering director John Ternus are seen as supporters of the project. Kevin Lynch, an executive who was previously in charge of Apple's car project, is reportedly leading the project team.

[Mars announces $35.9 billion deal to acquire the parent company of Pringles]

Mars, the parent company of snack candy brands such as "Dove" and "Snickers", announced on Wednesday that it would pay for the acquisition of the parent company of well-known snack brands such as "Pringles" in an all-cash transaction.Kellogg's, offering $83.5 per share. The total value of the transaction will reach $35.9 billion. As a result, Kellogg's closed up 7.76% on Wednesday at $80.28.

(Shi Zhengcheng, Cailianshe)