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US Market Outlook: Focus on FOMC Minutes; Dow Average Starts Lower by $73.75

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moomooニュース米国株 wrote a column · Jul 5, 2023 08:33
US Market Outlook: Focus on FOMC Minutes; Dow Average Starts Lower by $73.75
Good evening to all Moomoo users!This is the reading for tonight's NY stock.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 34344.72 dollars with a depreciation of 73.75 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 44.67 points at 13772.10. The S&P 500 average, which consists of stocks of 500 companies that are large US stocks, fell 13.55 points to 4442.04.
US Market Outlook: Focus on FOMC Minutes; Dow Average Starts Lower by $73.75
Top news
deferred? interest rate hikes? FOMC minutes released tonight
The US financial authorities will announce the summary of the proceedings of the Federal Open Market Committee (FOMC) meeting held on 6/13 and 14 on the afternoon of the 5th (before dawn on the 6th Japan time). The US Federal Reserve (Fed) did not raise interest rates at the June policy meeting, but it caused confusion in the market. The discussion behind this will be clarified in the minutes to be published on the 5th.
Bullish positions built up in US stocks suggest risk of reversal - City
The bullish positions against US stock futures that investors built up over the end of June seem to have gone quite far, and the risk of a reversal is increasing. A US Citigroup strategist analyzed it.
OPEC Member State UAE No Voluntary Additional Production Cuts - Energy Minister
The United Arab Emirates (UAE), which is a major member country of the Organization of Petroleum Exporting Countries (OPEC), does not currently carry out additional voluntary production cuts. Energy Minister Mazlouy made it clear.
US investor sentiment “super greedy” continues to be strong in stock prices, be wary of optimism
Investors' risk appetite is increasing in the US financial market. The “Fear and Greed (Fear and Desire) Index” calculated by CNN in the US, which measures the strength or weakness of investor sentiment, is currently moving at the level of “super greed,” which has the highest risk tolerance out of 5 levels. This is because the number of bullies is increasing against the backdrop of strong stock prices, etc., but a sense of caution is also rising against the slant towards optimism.
Tesla cuts prices by 3-4% in Japan, 2 models including the “Model 3”
Rice, a major electric vehicle (EV) company $Tesla (TSLA.US)$It was announced that the price of 2 models has been reduced in Japan. The price reduction range for the main sedan “Model 3” and the multi-purpose sports vehicle (SUV) “Model Y” is 3 to 4%. The maximum reduction was 0.3 million2600 yen with the Model Y.
Distribution source: Bloomberg, Nihon Keizai Shimbun
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