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$Apple (AAPL.US)$ US Stock Market Morning Report | Risk of U...

$Apple (AAPL.US)$ US Stock Market Morning Report | Risk of US government shutdown re-emerges, three major indexes slightly lower; most of the growth tech and China concept stocks weakened, ke holdings plunged more than 3%
Global market report- 2 minutes ago
Tesla (TSLA.US)
245.420
-0.64%
KE Holdings (BEKE.US)
14.984
-3.52%
Nasdaq Composite Index (.IXIC.US)
13,114.880
-1.18%
S&P 500 Index (.SPX.US)
4290.790
-1.08%
Microsoft (MSFT.US)
312.255
-1.66%
On the evening of the 26th, the U.S. stock market opened lower. The 10-year Treasury yield maintained its highest level since 2007. Selling pressure on risk assets continued to sweep through the European and American stock markets, with the market continuing to focus on the major strike by auto workers and the risk of a U.S. government shutdown.
As of the writing of this report, the three major indices edged lower, with the S&P 500 index down 0.61%, the Nasdaq down 0.6%, and the Dow down 0.46%.

Analysts believe that the continued sluggishness of the U.S. stock market is mainly due to Federal Reserve officials warning of a smaller rate cut next year, which is also one of the reasons for the recent rise in bond yields.
Yesterday, Minneapolis Fed President Kashkari pointed out, "If the economy turns out to be much stronger fundamentally than we realized, that will tell me that interest rates may have to be raised a bit more and then kept at a higher level for a longer period to cool down the economy."
JPMorgan Chase CEO Jamie Dimon said that the worst-case scenario for the Fed's benchmark interest rate would be to rise to 7% and experience stagflation. Dimon believes that a 200 basis point increase from 5% to 7% would be more painful than from 3% to 5%, and he is unsure if the world is ready for 7%.
However, compared to the Fed's monetary tightening policy, the financial market faces an even more urgent risk - the approaching U.S. government shutdown crisis. With less than a week remaining until the start of the new fiscal year on October 1, the two parties in Congress have not reached an agreement on a new round of fiscal budget.
Moody's rating agency has warned that if the U.S. government shuts down, the country's top credit rating may not be guaranteed. Moody's is currently the only major credit rating agency to give the United States the highest credit rating.
Focus Stocks
Leading technology stocks weakened, with Meta, Amazon, AMD, and Google falling over 1%, while Tesla and Apple fell nearly 1%.

Most popular China concept stocks declined, with KE Holdings falling over 3%, PDD Holdings and JD.com falling nearly 2%, Taiwan Semiconductor falling over 1%, and NIO and XPeng falling about 1%.

$KE Holdings (BEKE.US)$Down more than 3%, in terms of news, Lianjia has adjusted the charging method and standards for second-hand housing transaction service fees in Beijing and has been progressing in an orderly manner recently.

$Tesla (TSLA.US)$Down nearly 1%, it is reported that the EU anti-subsidy investigation may include Tesla.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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