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US market outlook: Tesla stock temporarily surged 6% or more outside of hours, and the Dow Jones Industrial Average started $18.83 higher

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moomooニュース米国株 wrote a column · Jun 9, 2023 08:32
US market outlook: Tesla stock temporarily surged 6% or more outside of hours, and the Dow Jones Industrial Average started $18.83 higher                       ...
Good evening to all Moomoo users!This is the starting point for tonight's NY stock reading.

Market Overview
The US market started, and the Dow Jones Industrial Average composed of excellent stocks rose 18.83 dollars to 33852.44 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began 73.87 points higher at 13312.39. The S&P 500 average, which consists of 500 stocks that are large US stocks, rose 10.95 points to 4304.88.
US market outlook: Tesla stock temporarily surged 6% or more outside of hours, and the Dow Jones Industrial Average started $18.83 higher                       ...
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$

Top news
The Federal Reserve stopped raising interest rates in June and left them unchanged until December - economist forecasts
The majority of economists surveyed by Bloomberg anticipate that the US financial authorities, which began the current interest rate hike campaign in March last year, will stop raising for the first time in 1 year and 3 months at the Federal Open Market Committee (FOMC) meeting next week.

A market bracing itself for shock when it comes to issuing 1 trillion dollars of US bonds
In response to the settlement of the debt ceiling issue in the United States, it is expected that government bonds over 1 trillion dollars (about 140 trillion yen) will be issued, and investors are bracing themselves for the possibility that they will bring new volatility (volatility) to financial markets.

US stocks fall 20%, but if the bond market surrounding inflation is correct - JP Morgan
Based on the current state where the divergence (divergence) between stocks and bonds is widening, it is suggested that if the price setting in the bond market relating to inflationary volatility is correct, there is room for stocks to fall by 20%. The JPMorgan Chase model showed it.

US Meta emphasizes introducing AI into its products and the metaverse - explaining policies to employees
Facebook's parent company, US $Meta Platforms (META.US)$ Chief Executive Officer Mark Zuckerberg (CEO) explained the company's strategy centered on policies that emphasized artificial intelligence (AI), and attempted to give employees a sense of security. It was just two weeks after the company completed its latest personnel cuts.

Coffee, a generative AI company for enterprises, raised 37.5 billion yen from NVIDIA, etc.
The Canadian startup company Coffea, which handles artificial intelligence (AI) development, announced on the 8th that it has raised 270 million dollars (about 37.5 billion yen). The company provides generative AI that automatically creates and summarizes sentences, specialized for enterprises. US NVIDIA and US Oracle invested with the aim of leading to the company's business expansion.

Distribution source: Bloomberg, Dow Jones, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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