US Market Summary: The Dow Average rebounded to a rise of 371.98 dollars, and the Fed's emergency loan amount surged to about 300 billion dollars

Good morning to all Moomoo users!Here are today's key points in the US stock market:
● The Dow Jones Industrial Average ended at $32246.55, a rise of $371.98
● 11 major US banks deposit $30 billion in First Republic
● The amount of emergency loans from the Federal Reserve surged to about 300 billion dollars in the week until the 15th
● Goldman raises recession forecast to 35%
● Bank of America First Republic support measures, JPMorgan, etc. discussed
●US Treasury Secretary Yellen “The Banking System Is Sound”
● Forecast of a reduction in US interest rates by the end of the year, a retreat in the interest rate futures market
● ECB raises interest rate by 0.5 points to 3%
● Notable stocks: $Alphabet-A(GOOGL.US)$、 $Pfizer(PFE.US)$、 $Microsoft(MSFT.US)$、 $FedEx(FDX.US)$
●Foreign exchange
-Moomoo News US Stocks

Market Overview
The Dow Jones Industrial Average ended trading on the 16th at 32246.55 dollars, which was 371.98 dollars higher. The Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, ended 283.23 points higher at 11717.28. The S&P 500 average, which consists of stocks of 500 companies that are large American stocks, ended 68.35 points higher at 3960.28.

Top news
11 major US banks suspended deposit dividends of 30 billion dollars in First Republic, and stock prices fell again
Eleven major US banks have deposited a total of 30 billion dollars (about 4 trillion yen) into the midsize bank First Republic Bank. The aim is to suppress the panic that spread in response to the bankruptcy of Silicon Valley Bank (SVB) and Signature Bank.

The amount of emergency loans from the Federal Reserve surged to about 300 billion dollars in the week until the 15th
The amount of emergency loans from the US Federal Reserve (Fed) has surged to about 300 billion dollars (about 40.1 trillion yen) in the past week. It was in response to the financial market turmoil triggered by the bankruptcy of US Silicon Valley Bank (SVB) and signature banks, and the Fed announced a policy to provide additional funds to financial institutions.

Goldman raises recession forecast to 35%
A fellow economist led by Goldman Sachs Group chief economist Jean Hachias raised the probability that the United States would fall into recession (recession) over the next 12 months from 25% of the previous forecast to 35%.

Bank of America First Republic support measures, JPMorgan and others discuss
Major financial companies such as JPMorgan Chase and Morgan Stanley are discussing support measures for the Bank of America First Republic Bank. Large-scale capital injections are also seen as an option. Multiple stakeholders have made it clear.

US Treasury Secretary Yellen “The banking system is healthy”
US Treasury Secretary Janet Yellen testified on the 16th at the Finance Committee of the Senate of Congress that the country's banking system “continues to be healthy.” It also showed recognition that the authorities' deposit protection measures stopped the impact of the bankruptcy of the two mid-tier banks.

Expected to lower US interest rates by the end of the year, retreat in the interest rate futures market
In response to reports that major US banks are discussing support for Bank First Republic Bank, predictions that interest rates will be cut by 1 point by the end of the year have receded in the federal funds (FF) interest rate futures market.

ECB raises interest rate by 0.5 points to 3%
The European Central Bank (ECB) raised the main policy interest rate by 0.5 points on the 16th. Although there are concerns that the burden on the financial system will increase due to interest rate hikes, it showed an attitude of continuing to exterminate inflation.

Notable stocks
YouTube TV raises monthly fee to $72.99
$Alphabet-C(GOOG.US)$ & $Alphabet-A(GOOGL.US)$: US YouTube announced on the 16th that it will raise the subscription fee for the TV program distribution service “YouTube TV” for the first time in 3 years. The reason was the increase in content costs. The monthly fee will be raised from $64.99 (about 8,680 yen) to $72.99. When the service first started in 2017, it was $35. The new fee will be applied immediately to new members, and the new fee will be applied to existing members from 4/18. Meanwhile, the additional fee for using the additional service “4K Plus” will be reduced from $19.99 to $9.99 per month.

Sales of the eyeglass device “Google Glass” are discontinued again
$Alphabet-C(GOOG.US)$ & $Alphabet-A(GOOGL.US)$: Google, which is under the umbrella of the US Alphabet, has discontinued sales of the latest version of the eyeglass type terminal “Google Glass.” The product raised concerns about privacy and was not supported by consumers.

Pfizer recalls migraine drugs that don't meet pediatric safety packaging standards
$Pfizer(PFE.US)$: Pfizer, a major US pharmaceutical company, will collect approximately 4.2 million prescription migraine drugs “Nurtec ODT” assuming that “child resistance packaging” that is difficult for children to open has not been made.

Microsoft to introduce “chat GPT” technology to business software
$Microsoft(MSFT.US)$: Microsoft in the United States will integrate chatbot (automatic response system) “chat GPT” technology into the business cloud service “Microsoft 365” suite.

First Republic Bank executives were selling large amounts of stock
$ファースト・リパブリック・バンク(FRC.US)$: The management team of US First Republic Bank sold a large amount of shares held in the two months before the bank's shares plummeted due to concerns surrounding the financial status of regional banks.

FedEx rises 11% outside of settlement hours = individual US stocks
$FedEx(FDX.US)$: The home delivery company FedEx ＜FDX＞ announced financial results (third quarter) for the fiscal year ending December to February after closing, and although sales fell below expectations, profit per share greatly exceeded expectations. Guidance has also been announced, and the outlook for earnings per share for the full year has been revised upward. Although the company pointed out continued weak demand and the impact of global inflation, the market welcomed the fact that cost cuts had taken hold. The company's CEO Subramaniam stated in a statement that “cost reductions to improve efficiency have been established, and prospects have improved.” Stock prices have risen 11% outside of hours.

Forex