US market outlook: AI-related stocks such as NVIDIA and ASML plummeted, and the Nasdaq Composite Stock Price Index started 321 points lower
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 40862.57 dollars with a depreciation of 91.91 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 321.15 points at 18188.19. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, fell 57.13 points to 5610.07.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 40862.57 dollars with a depreciation of 91.91 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 321.15 points at 18188.19. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, fell 57.13 points to 5610.07.
Top news
Technical slump
● NASDAQ futures have fallen by 1% or more due to concerns about America's tightening trade regulations with China, and high-tech stocks are falling globally. $NVIDIA (NVDA.US)$ 、 $Intel (INTC.US)$ 、 $Apple (AAPL.US)$ Both fell due to trading before the opening of the US Exchange, and Dutch chip machine manufacturers $ASML Holding (ASML.US)$ The stock price fell in Europe despite an increase in orders received in the previous quarter.
● Meanwhile, the dollar plummeted to a low level for the first time in about 2 months, and this movement was amplified by a sharp rise in the Japanese yen, and spread to the global currency market. Former President Donald Trump also pointed out the weakness of exchange rates in an interview.
● NASDAQ futures have fallen by 1% or more due to concerns about America's tightening trade regulations with China, and high-tech stocks are falling globally. $NVIDIA (NVDA.US)$ 、 $Intel (INTC.US)$ 、 $Apple (AAPL.US)$ Both fell due to trading before the opening of the US Exchange, and Dutch chip machine manufacturers $ASML Holding (ASML.US)$ The stock price fell in Europe despite an increase in orders received in the previous quarter.
● Meanwhile, the dollar plummeted to a low level for the first time in about 2 months, and this movement was amplified by a sharp rise in the Japanese yen, and spread to the global currency market. Former President Donald Trump also pointed out the weakness of exchange rates in an interview.
Trump mentions taxes
● At the Republican National Convention, Mr. Trump's former rivals lined up to praise him and say he is the right person to be the next president.
● Meanwhile, Bloomberg Business Week conducted an exclusive interview with Mr. Trump last month and talked about taxes when Mr. Trump wins the election, draft plans for the Federal Reserve, etc.
●Mr. TrumpReduce the corporate tax rate to 15%It was stated that the term of US Federal Reserve (Fed) Chairman Powell will be completed, and JPMorgan's Jamie Dimon will be examined as Secretary of the Treasury.
● At the Republican National Convention, Mr. Trump's former rivals lined up to praise him and say he is the right person to be the next president.
● Meanwhile, Bloomberg Business Week conducted an exclusive interview with Mr. Trump last month and talked about taxes when Mr. Trump wins the election, draft plans for the Federal Reserve, etc.
●Mr. TrumpReduce the corporate tax rate to 15%It was stated that the term of US Federal Reserve (Fed) Chairman Powell will be completed, and JPMorgan's Jamie Dimon will be examined as Secretary of the Treasury.
NY Fed President Williams is close to cutting interest rates, but preparations are not ready yet
● Further data will lead to confidence in inflation
●There is a broad decline in the inflation rate
●The current interest rate stance is appropriate for achieving the target
● The decision to cut interest rates is awaited
● The labor market is not weak
● Further data will lead to confidence in inflation
●There is a broad decline in the inflation rate
●The current interest rate stance is appropriate for achieving the target
● The decision to cut interest rates is awaited
● The labor market is not weak
Tough trade negotiations
The Biden administration, which is facing a backlash against China's chip crackdown, $Tokyo Electron (8035.JP)$ and $ASML Holding (ASML.US)$ He told allies that if such companies continue to give China contact with advanced semiconductor technology, they are considering using the strictest trade restrictions possible.
The Biden administration, which is facing a backlash against China's chip crackdown, $Tokyo Electron (8035.JP)$ and $ASML Holding (ASML.US)$ He told allies that if such companies continue to give China contact with advanced semiconductor technology, they are considering using the strictest trade restrictions possible.
[Focus] Why can the market absorb US bonds that continue to expand in issuance
The US fiscal outlook has deteriorated, but Wall Street doesn't seem to care.
The US fiscal outlook has deteriorated, but Wall Street doesn't seem to care.
The U.S. Congressional Budget Office (CBO) announced the forecast last month that the fiscal deficit for the 2024 fiscal year would reach 1 trillion900 billion dollars (about 300 trillion yen). This is a level that exceeds 1 trillion700 billion dollars last year, and it has been raised from the previous forecast of 1 trillion500 billion dollars. The US bond exchange rate rose on the day of the announcement. Despite a series of large-scale government bond tenders aimed at filling in the deficit, the government bond exchange rate has maintained an upward trend, and current government bond yields have declined drastically from last year's high level.
Trump is unstoppable = US Senator Scott
● US Senator Rick Scott (Republic, Florida) took the stage at the Republican National Convention on the 16th and stated that former President Donald Trump could not be stopped.
● Mr. Scott, who is aiming for re-election in the November Senate election, stated that “the Democratic Party, the media, liberal judges, and bullets fired by madmen were unable to stop him.”
● US Senator Rick Scott (Republic, Florida) took the stage at the Republican National Convention on the 16th and stated that former President Donald Trump could not be stopped.
● Mr. Scott, who is aiming for re-election in the November Senate election, stated that “the Democratic Party, the media, liberal judges, and bullets fired by madmen were unable to stop him.”
Apple, which is updating the highest price in history, and analysts raise ratings one after another due to expectations for AI smartphones
Analysts at Loop Capital and Morgan Stanley $Apple (AAPL.US)$ Since target stock prices were raised due to their strong position in AI, Apple stocks soared to record highs.
Analysts at Loop Capital and Morgan Stanley $Apple (AAPL.US)$ Since target stock prices were raised due to their strong position in AI, Apple stocks soared to record highs.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Minkabu, Dow Jones
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Minkabu, Dow Jones
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
徒然草子 : What's the cut today?
181298153 : I lowered it too much because of the condition![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
184154826 : Is it a hopeless decline?
183528410 : Why are you lowering it so much?
サルタリー :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
181626738 : Is it because there is a possibility that interest rate cuts by Trump will be postponed?
181593561 : it's going down so bad it's going down
半ライスギガ盛り : $Taiwan Semiconductor (TSM.US)$![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Minus 890000.
I do it when I do it
182718541 : The timing of Toshin Hayashi-sensei's commercial phrase is amazing.
よろぴこ : It may still go down, but the major semiconductor brands have arrived at an impressive opportunity!
View more comments...