US market summary: NY Dow, 4 days of continuous decline, 93.91 dollar depreciation, asserting the importance of a cautious stance in aggressive interest rate hikes = Vice Chairman Brainard

Good morning to all Mooers! Here are today's key points on US stocks:
● NY Dow, 4 days of continuous decline = difficult clues, poor sense of direction
●Insist on the importance of a cautious stance in aggressive interest rate hikes = Vice Chairman Brainard
●The US economy is expected to enter a recession in 6-9 months = JP Morgan CEO
● Notable stocks: $DexCom(DXCM.US)$、 $Aehr Test Systems(AEHR.US)$、 $Avenue Therapeutics(ATXI.US)$
●Foreign exchange
-Moomoo News US Stocks

Market Overview

The New York stock exchange rate on the 10th of the week continued to decline for 4 business days amid a lack of important clues. The Dow Jones Industrial Average ended at $29,202.88, a decrease of 93.91 dollars from the closing price of the previous weekend. The Nasdaq Composite Index fell 110.30 points to close at 10,542.10. Bonds were closed in the United States on this day due to the Columbus Day holiday. Due to light business, there were few important materials that greatly moved the market price, such as major rice economic indicators, and the Dow continued to develop lacking a sense of direction from early in the morning.

Top news

Insisting on the importance of a cautious stance in aggressive interest rate hikes = Vice Chairman Brainard
Vice Chairman Brainard of the US Federal Reserve (FRB) pointed out that it is important to take a cautious stance in continuing to actively raise interest rates to curb high inflation. He explained that at a time when there is a strong sense of uncertainty about the global economy and financial environment, interest rate hikes implemented so far are still in the process of having an effect on the economy.

US Economy Expected to Enter Recession in 6-9 Months = JP Morgan CEO
JP Morgan Chase CEO Jamie Dimon expressed the view that there is a high possibility that the US economy and the global economy will receive “serious” headwinds and fall into recession (recession) by the middle of next year. I mentioned it in an interview with CNBC.

Notable stocks

$DexCom(DXCM.US)$：Dexcom, which handles medical devices such as blood sugar level monitoring systems, <DXCM>has risen along with business. It is regarded as material that the Medicare Medicare Medicaid Service Center (CMS), which oversees public health insurance, published a regional application decision (LCD) plan to expand the scope of application of glucose monitoring devices yesterday.

$Aehr Test Systems(AEHR.US)$: Air Test Systems, which handles semiconductor inspection systems, <AEHR>is significantly higher. Financial results for the fiscal year ending June-August (first quarter) were announced after closing the day before, and both profit per share and sales exceeded expectations. It is said that due to the increase in demand for silicon carbide semiconductors for electric vehicles (EVs), there is a need to increase production capacity.

$Avenue Therapeutics(ATXI.US)$: Avenue Therapeutics <ATXI>has plummeted. The company plans to increase capital by issuing approximately 3.6 million shares of common stock and warrants units. The announcement that the public offering price was $3.30 is disgusting. The previous day's closing price was 6.29 dollars. The recruitment is scheduled to end on October 11th.

Forex