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US Market Outlook: Financial results are in full swing this week, and the Dow Jones Average starts at a depreciation of $9.29

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moomooニュース米国株 wrote a column · Jul 17, 2023 21:32
US Market Outlook: Financial results are in full swing this week, and the Dow Jones Average starts at a depreciation of $9.29
Good evening to all Moomoo users!This is the starting point for tonight's NY stock reading.

Market Overview
At the start of the US market, the Dow Jones Industrial Average, which consists of blue-chip stocks, depreciated by 9.29 dollars to 34499.74 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 14149.92, which rose 36.22 points. The S&P 500 average, which consists of 500 stocks that are large US stocks, is 4508.86, up 3.44 points.
US Market Outlook: Financial results are in full swing this week, and the Dow Jones Average starts at a depreciation of $9.29
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$

Top news
Mr. Clarida, the observation of a reduction in US interest rates in March next year is reasonable - if it's a certain scenario
Richard Clarida, former Vice Chairman of the US Federal Reserve (FRB), expressed the view that considering the scenario where a “soft landing” has been realized and the FRB has confidence in suppressing inflation, it is understandable that the market would bet on a reduction in US interest rates in March next year.

NY Fed manufacturing business climate index falls to plus 1.1 in July - forecast minus 3.5
The New York Fed manufacturing business climate index fell to plus 1.1 in July. The median economists' forecast compiled by Bloomberg was minus 3.5. The previous month was plus 6.6.

The market seems convinced that the Fed can make a soft landing
Wall Street is becoming convinced that inflation is subsiding.

Crude oil bulls are “completely wrong,” City's Morse warns
Ed Morse, global head of product research at Citigroup in the US, pointed out that the crude oil market bulls have made a big mistake.

After years of delays, Tesla completed its first cybertruck
After years of production delays, $Tesla (TSLA.US)$ The first cybertruck was completed Saturday at a manufacturing plant in Austin, Texas.
Distribution source: Bloomberg, Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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