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[Morning Report] ARM has a bullish outlook and the stock price soared in after-hours trading. Concerns about layoffs have surfaced within Tesla, instructing management to confirm which positions are essential.

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moomooニュース米国株 wrote a column · Feb 8, 2024 07:09
[Morning Report] ARM has a bullish outlook and the stock price soared in after-hours trading. Concerns about layoffs have surfaced within Tesla, instructing man...
Good morning to all moomoo users!Here are the key points of the early morning news today.
Tokyo stock market expected range: ¥600,000- ¥640,000 (closing price on the 7th: ¥611,919.92)
Arm stock surges in after-hours trading, temporarily up 26% - bullish outlook is the catalyst.
Layoff concerns arise within Tesla, instructions given to management to determine which job positions are essential.
Dow Jones Industrial Average rises by 156 points to a record high, favoring improved company performance.
KKR Mortgage REIT declines, announces reduced dividends due to deterioration in commercial loans.
Shares of US regional bank NYCB fluctuate wildly, briefly down 14% as concerns about management stability persist.
- Japanese stocks ADR 7th, buying dominance continues for Toyota.
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Market Overview
On the 7th, the NY Dow Jones Industrial Average continued to rise, closing 156.00 cents higher than the previous trading day, at $0.03 million8677.36. The Nasdaq Composite Index was 147.646 points higher at 0.01 million5756.644. In the Tokyo stock market on the 8th, buying is expected to be dominant across a wide range, and there is a high possibility that the Nikkei Stock Average will rebound for the first time in three days.
Top news of individual stocks
ARM stock rose sharply in after-hours trading, temporarily up 26% - bullish outlook is the material.
$SoftBank Group (9984.JP)$ARM Holdings, a subsidiary of the British semiconductor design company $Arm Holdings (ARM.US)$stock surged 26% in after-hours trading on the 7th. It was considered significant because it indicated a bullish outlook.
Related articles:SoftBank Group, the market eager for Son's "move towards a turnaround"
Concerns arise about layoffs within Tesla, with instructions given to management to confirm which positions are essential.
U.S. electric vehicle (EV) manufacturer, $Tesla (TSLA.US)$management has been asked to confirm whether each employee's position is essential. Several sources familiar with the situation have revealed this. As a result, concerns about downsizing among employees are increasing.
NY Dow rises 156 points to record high, favorable sentiment towards corporate performance improvement
The Dow Industrial Average continued to rise in the U.S. stock market on the 7th. It reached a new record high for the first time in 3 business days, closing at 3677.36, up 156.00 points (0.40%) from the previous day. The market was dominated by buying sentiment favorable to the expectation of a soft landing for the U.S. economy and improvements in corporate performance.
Related articles:Uber achieves its first operating profit with a 40% increase in revenue from ride-sharing in the fiscal year ending in December 2023.The MSCI World Index hits record highs fueled by enthusiasm for large-cap US tech stocks.
KKR Mortgage REIT declines and announces a reduction in dividends due to the deterioration of commercial loans.
In the US stock market on the morning of the 7th, the stock price of KKR Real Estate Finance Trust, a real estate investment trust (REIT) that invests in commercial mortgages, fell by about 15%. The reduction in dividends to address the issues with loans has caused dissatisfaction among investors. $KKR REAL ESTATE FINANCE TRUST INC 6.50% CUM RED PER PREF STK SER A USD25.0 (KREF.PRA.US)$ Concerns over US commercial real estate spread to Europe, causing a sharp drop in bank bonds, including PBB in Germany.
Related articles:KKR Mortgage REIT declines and announces a reduction in dividends due to the deterioration of commercial loans.
The stock of the US regional bank NYCB fluctuated wildly, temporarily dropping by 14%, unable to dispel management concerns.
In the US stock market, the stock of the New York Community Bancorp (NYCB), a concern for management stability, experienced turbulent fluctuations. The company is appealing the soundness of its finances, but it is unable to dispel the market's anxiety amidst successive downgrades of credit ratings and stock price prospects.
Japanese stock ADR on the 7th was dominant in buying, with continued buying of Toyota.
In the US stock market on the 7th, the Japanese stock American depositary receipt (ADR) was dominated by buying. The buying of Toyota continued after announcing an upward revision of its performance forecast for the fiscal year ending in March 2024 on the 6th.Toyotacontinues to be bought.
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Main Market Events
[Morning Report] ARM has a bullish outlook and the stock price soared in after-hours trading. Concerns about layoffs have surfaced within Tesla, instructing man...
Sources: Dow Jones, MINKABU, Fisco, Bloomberg, Wealth Advisor, Nikkei
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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