[Morning Report] Dow Jones Industrial Average and S&P500 reach record highs, driven by expectations of a soft landing for the US economy. Semiconductor stocks such as Nvidia and AMD are sharply rising.

Top News
The Dow Jones Industrial Average hits a record high, with movements re-evaluating the significant previous rate cut and expectations of a soft landing = US stock market overview.
On the 19th, both the Dow and the Nasdaq soared in the New York stock market, with the Dow hitting a record high. The market is seeing a reassessment of the significant rate cut by the Federal Reserve Board (FRB) the previous day. Following Federal Reserve Chair Powell's emphasis on not rushing the rate cut, the US stock market had been held back, but now there is optimistic expectation that a substantial rate cut will protect the US economy from a recession, leading to a soft landing.
Related articles
•Investors are growing more confident in the "soft landing" of the US economy, according to a BofA survey

How much did semiconductor-related stocks such as Nvidia surge, and what is the average increase rate after past rate cuts?
Investors are trying to factor in the Federal Reserve's move to cut interest rates by 50 basis points and its potential impact on technology stocks.
● On the 19th, $NVIDIA (NVDA.US)$ (up 3.97%) and $Advanced Micro Devices (AMD.US)$（5.70％）、 $Taiwan Semiconductor (TSM.US)$ （5.34％）、 $Marvell Technology (MRVL.US)$(4.65%) and others rose significantly.
● Historically, NVIDIA's stock has shown strong performance after a rate cut announcement. According to Dow Jones Market Data, the average stock price increase for the company after a rate cut is 6.9% in 1 month, 16.6% in 3 months, 16.7% in 6 months, and 20.7% in 12 months. However, as seen with the FRB announcement in September 2007, it's also possible for a significant drop to occur 1 year after the initial rate cut, with a 68.9% decrease.
● $PHLX Semiconductor Index (.SOX.US)$は、金利引き下げ後の数か月で全体的に平均して上昇している。ダウ・ジョーンズ・マーケット・データにによると、同指数は1か月後に平均1.6%、3か月後に平均5.6%、6か月後に平均4.2%、12か月後に平均11.2%上昇している。

アップル、アイフォーンのＯＳ開放でＥＵから制裁の警告を受ける見通し
$Apple (AAPL.US)$は厳重に保護されているアイフォーンのオペレーティングシステム（ＯＳ）を他社にも開放しなければ、ＥＵから多額の罰金が科される可能性があると警告を受ける見通しだと伝わった。ブルームバーグが関係者の話として伝えた。

BTC大幅反発、200DMA試す、FRBの大幅利下げで買い安心感
暗号通貨の $Bitcoin (BTC.CC)$（BTC）は反発し、63509ドルまで上昇し、重要な節目200日移動平均水準63914ドルも視野に入った。連邦準備制度理事会（FRB）が17日から18日に開催した連邦公開市場委員会（FOMC）で50ベーシスポイント（BPS）の利下げに踏み切ったことで金利先安観に買いが加速した。

ナイキが時間外で急伸、新CEOにベテラン元幹部呼び戻す
米スポーツ用品大手 $Nike (NKE.US)$Donahue, the Chief Executive Officer (CEO) of the company, will leave the company next January. Elliott Hill, who has served as a Nike executive for many years, will take over as CEO on October 14. This announcement was well received, and the company's stock surged in after-hours trading on the 19th of the U.S. stock market.

FedEx, a major delivery and air freight company, reported a decline in revenue and profit for the June-August quarter and revised down its full-year outlook.
The U.S. delivery and air cargo giant $FedEx (FDX.US)$The financial results for the June-August period (first quarter) announced on the 19th showed a decrease in revenue and profit, leading to a downward revision of the full-year outlook. Demand for express services declined, while there was an increase in demand for services with flexible transportation days. The stagnation of yield (revenue per unit of cargo) also had an impact.

The CEO of U.S. Steel, David Burritt, expressed confidence in obtaining approval for the acquisition by Japan's Nippon Steel. Political leaders have publicly stated their intention to block the acquisition.
David Burritt, the CEO of the major U.S. steel manufacturer U.S. Steel, expressed confidence in obtaining regulatory approval for the planned acquisition by Nippon Steel for $14.1 billion (about 2 trillion yen). Political leaders have stated their intention to prevent the acquisition.

Will the 'nightmare' come again? Second bottom in BOJ meeting? If the hawkish sentiment strengthens for interest rate hike within this year, it will have a significant impact on the market. [BOJ meeting preview]
The Bank of Japan's monetary policy decision meeting, which will be the first meeting since the July meeting that triggered the "Black Monday of Reiwa," will be held on the 19th and 20th. The decision contents will be announced around noon on the 20th, and a press conference by Governor Haruhiko Kuroda will be held in the afternoon.