In the early morning of the 22nd Beijing time, US stocks closed mixed on Thursday. The S & P 500 rose for a seventh day in a row and hit an all-time intraday and closing high. Investors continue to assess the performance of the new round of results. Initial claims for unemployment benefits in the United States fell to 290000 last week, the lowest level since the outbreak.

The Dow fell 6.26 points, or 0.02%, to 35603.08; the Nasdaq rose 94.02 points, or 0.62%, to 15215.70; and the S & P 500 rose 13.59 points, or 0.30%, to 4549.78.

Late Thursday, the S & P rose as high as 4551.44, an all-time high.

IBMShares fell more than 8 per cent after the company announced that third-quarter revenue fell short of expectations. The results of the company's two major business units, Global Services and Cognitive Software, were lower than expected.

Shares of American Airlines rose 1.6%. Thanks to federal aid, the company made a profit in the third quarter.

So far, while inflation has proved persistent, US companies have performed steadily in the third quarter. Of the 101 S & P 500 companies that have reported results as of Wednesday, 84 per cent of earnings beat analysts' expectations, according to Refinitiv.

Jim Paulsen, an analyst at Leuthold Group, points out that there has been a positive correlation between inflation and corporate profit margins over the past 20 years.

"investors are understandably concerned about reports that inflationary pressures are eroding profit margins and their implications for the stock market," he said in a report released on Thursday. Rising inflation seems to have generally boosted the earnings of companies in the S & P 500. "

Jim Reid, head of thematic research at Deutsche Bank, said: "there is no sign that corporate profit margins have generally been eroded. Probably because the liquidity is very sufficient, enterprises are generally able to pass on the price pressure at present. "

U. S. stocks closed mixed on Wednesday, with the Dow closing 150 points higher and hitting a new intraday high. The S & P 500 rose for a sixth day in a row, nearing an all-time high. The Nasdaq fell.

Chris Zaccarelli, chief investment officer of Independent Advisor Alliance, said: "the Dow hit a new intraday high, once again demonstrating the resilience of bargain-hunting buyers and the importance of cyclical stocks in the stock market rally."

On Wednesday, the US Food and Drug Administration (FDA) approved Johnson & Johnson.And the enhanced injection of COVID-19 vaccine from Moderna Inc Company, which is a key step in getting tens of millions of people to accept the enhanced injection. FAD also approved a "mixed" vaccine.

On the economic side, the Labor Department reported on Thursday that initial claims for unemployment benefits fell by 6000 in the week ended Oct. 16, to 290000, the lowest level since the outbreak. Economists expect the figure to be 300000. The report shows that the cancellation of additional unemployment benefits has led to a reduction in the number of unemployed.

Focus stocks

TeslaAfter Wednesday's close, it announced third-quarter revenue of $13.757 billion, beating market expectations of $13.63 billion. Net profit under GAAP rules was $1.618 billion, breaking the 1 billion mark for the second consecutive quarter. At this point, Tesla, Inc. made a profit for the ninth consecutive quarter, and the main data continued to hit a new high.

Global FMCG giant Unilever(Unilever) announced on Thursday that third-quarter revenue was 13.5 billion euros, up 4% from a year earlier, of which underlying sales rose 2.5%, but sales fell 1.5% from a year earlier, driven by a 4.1% year-on-year increase in prices. The company's CFO Graeme Pitkethly also mentioned on the earnings call that it expects inflation to be higher next year than this year.

Pfizer IncA trial of 10,000 people over the age of 16 showed that people who received their vaccine booster were 95.6 per cent more effective in avoiding symptomatic infections than those who were not, according to an announcement issued by BioNTech on Thursday. The two companies particularly stressed that the experiment was carried out during the period when the Delta virus became mainstream.

Us telecom giant AT&T Inc announced on Thursday that it had revenue of $39.9 billion in the third quarter, slightly better than the market forecast of $39.1 billion. On the business side, the net addition of customers to the communications business reached 928000, nearly double the market expectations, and the number of subscribers to HBO and HBO Max continued to grow by 1.4 million to 69.4 million, driven by popular works.

According to media reports citing foundry sources, wafer foundry quotations are expected to continue to rise. Among them, Taiwan Semiconductor Manufacturing Co LtdIt may increase by 20% after December, while United Microelectronics CorpCustomers have been informed that product prices will rise by less than 10 per cent again from January next year. Although the upward trend continues, it is expected to slow in 2022.

After Wednesday's close, IBM reported third-quarter revenue of $17.618 billion, below market expectations of $17.77 billion, and net profit of $1.13 billion, down 33.5% from $1.698 billion a year earlier.

Quest Diagnostics, a virus testing company, reported revenue fell slightly to $2.77 billion, or $3.96 a share, better than analysts' expectations of $2.45 billion and $2.88, respectively. The company also announced that it would increase its full-year profit guidance to 13.5-13.9% from 11.65-12.35 US dollars.

Rio Tinto PLC、 BHP Group LtdAnd Vale SAWait for mining stocks to go down.

Sources say former US President Donald Trump's new social media company will merge with blank check company Digital World Acquisition to go public.

The share prices of Moderna Inc and Johnson & Johnson rose. The previous two COVID-19 vaccine enhancements were authorized by the US Food and Drug Administration (FDA).

In other markets, gold futures for December delivery on the New York Mercantile Exchange fell 3 cents, or 0.2%, to close at $1781.90 an ounce. December silver futures fell 27 cents, or 1.1%, to close at $24.17 an ounce.

West Texas Intermediate (WTI) for December delivery fell 92 cents, or 1.1%, to $82.50 a barrel on the New York Mercantile Exchange. This is the first full trading day of December WTI crude oil futures.