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Outlook for the US market: Basic agreement to raise the US debt ceiling, with the Dow Jones opening 10.31 points higher.

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moomooニュース米国株 wrote a column · May 30, 2023 08:34
Outlook for the US market: Basic agreement to raise the US debt ceiling, with the Dow Jones opening 10.31 points higher.
Good evening, Moomoo users!Here is the forecast for the NY stock market tonight.

Market Overview
Starting with the US market, the Dow Jones Industrial Average, consisting of high-quality stocks, opened 10.31 points higher at 33,103.65. The technology-heavy NASDAQ Composite Index started 133.41 points higher at 13,109.10. The S&P 500, which consists of 500 large-cap stocks, opened 21.26 points higher at 4,226.71.
Outlook for the US market: Basic agreement to raise the US debt ceiling, with the Dow Jones opening 10.31 points higher.
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$SPX Technologies (SPXC.US)$

Top News
US debt ceiling agreement faces hurdles in Congress - aiming to avoid default
An agreement on the federal debt ceiling reached by US President Biden and House Speaker McCarthy (Republican) enters a very important final stage as the deadline for avoiding default on the country's debt approaches on June 5, aiming for congressional approval as a specific bill.

Nvidia stock, seen as too expensive for Ms. Wood, also in the bubble territory
Cathy Wood, who manages the ARK Innovation ETF, often criticizes overvaluation of the leading stocks in the innovation economy. $ARK Innovation ETF (ARKK.US)$ It is not uncommon for Cathy Wood, who manages the ARK Innovation ETF, to criticize the overvaluation of the leading stocks in the innovation economy.

Central banks around the world are considering increasing their gold reserves, according to a survey.
A survey by the World Gold Council revealed that nearly one-fourth of the world's central banks are considering increasing their gold reserves this year, due to geopolitical concerns, concerns about interest rates, and increased inflation pressures.

NVIDIA and TSMC are planning to introduce dedicated semiconductors for AI applications by the end of this year.
The leading semiconductor design company in the United States, $NVIDIA (NVDA.US)$ the leading semiconductor contract manufacturer, $Taiwan Semiconductor (TSM.US)$ plans to introduce dedicated semiconductors for AI applications by the end of this year. Compared to the previous generation, these semiconductors can increase the speed of the AI decision-making process by up to 12 times.

Mr. Musk visited China and had a meeting with Foreign Minister Qin, expressing opposition to decoupling.
On the 30th, the Chinese Ministry of Foreign Affairs announced that State Councilor and Foreign Minister Qin Gang had a meeting with Elon Musk, CEO of the U.S. electric vehicle (EV) giant, $Tesla (TSLA.US)$ Announced that they met with Elon Musk, CEO of Tesla. According to the Chinese Ministry of Foreign Affairs, Mr. Musk stated that the interests of the United States and China are intertwined and inseparable. Tesla opposes decoupling and plans to expand its business in China.


Source: Bloomberg, Dow Jones, The Nikkei
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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