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Outlook for the US market: Basic agreement to raise the US debt ceiling, Dow Jones started at a $10.31 increase.

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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, Dow Jones started at a $10.31 increase.
Hello, Moomoo users!Tonight's read on NY stocks.

Market Overview
US market started, Dow Jones Industrial Average composed of high-quality stocks started at $10.31 higher at $33103.65, while the Nasdaq Composite Index with a high proportion of high-tech stocks started at 133.41 points higher at 13109.10. The S&P 500 Index, consisting of 500 large-cap US stocks, started at an increase of 21.26 points at 4226.71.
Outlook for the US market: Basic agreement to raise the US debt ceiling, Dow Jones started at a $10.31 increase.
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$SPX Technologies (SPXC.US)$

Top news of individual stocks
US debt ceiling agreement, facing the difficult hurdle of congressional approval - to avoid default
The agreement between US President Biden and House Speaker McCarthy (Republican) regarding the federal debt ceiling enters a crucial final stage as the deadline to avoid default approaches on June 5th, aiming for congressional approval as a specific bill.

The view that Nvidia's stock is too expensive for Ms. Wood, and may be in 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, $Tesla (TSLA.US)$ according to the Chinese Ministry of Foreign Affairs, Mr. Musk emphasized that the interests of the United States and China are intertwined and cannot be separated. Tesla is opposed to decoupling and intends 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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