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US Market Outlook: Awaiting Fed Chairman Powell's speech, the Dow average starts at $33.15 lower

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moomooニュース米国株 wrote a column · Aug 24, 2023 21:33
US Market Outlook: Awaiting Fed Chairman Powell's speech, the Dow average starts at $33.15 lower
Good evening to all Moomoo users!This is tonight's reading of NY stocks.
Market Overview
The US market started, the Dow Jones Industrial Average, which is composed of excellent stocks, fell by 33.15 dollars to 34439.83 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 13834.31 with a high tech stock ratio rising 113.28 points. The S&P 500 average, which consists of stocks of 500 large US stocks, is 4455.16, which is 19.15 points higher.
US Market Outlook: Awaiting Fed Chairman Powell's speech, the Dow average starts at $33.15 lower
Top news
[Jackson Hole Meeting] Pay attention to Fed Chairman Powell's remarks on whether interest rate hikes will continue even after September
US Federal Reserve (Fed) Chairman Powell and other central bank leaders will discuss economic soundness and monetary policy in Jackson Hole, Wyoming from 8/24 to 26. Chairman Powell's speech is scheduled to begin at 10:05 a.m. EST on the 25th.
[Financial Summary] Will NVIDIA's sales and net profit record highs be the catalyst for a new AI boom
Major US semiconductor company $NVIDIA (NVDA.US)$The 24Q2 financial results were announced after closing on the 23rd. Sales exceeded double the same period last year and reached a record high. 8% increase in pre-market transactions on the 24th.
US Commercial Real Estate, Potential Problem Claims 174 Trillion Yen - Offices Are Most Anxious
There is a potential problem with US commercial real estate (CRE) claims worth about 1.2 trillion dollars (about 174 trillion yen) due to the fact that they are heavily dependent on borrowing and real estate prices are falling. Newmark Group, which provides CRE services, analyzed it.
US durable goods orders fell 5.2% in July, aircraft sluggish
The amount of durable goods orders received in July (seasonally adjusted) announced by the U.S. Department of Commerce on the 24th decreased 5.2% from the previous month. However, on a basis excluding transportation equipment (vehicles and aircraft), it increased by 0.5%, for the third month in a row. Major aircraft companies $Boeing (BA.US)$There is a tendency for orders to fluctuate greatly during the summer.
The number of new US unemployment insurance claims decreased 10,000 from the previous week to 230,000 - expected 240,000
The number of new US unemployment insurance claims last week decreased by 10,000 from the previous week to 230,000. The median economist forecast compiled by Bloomberg was 240,000. There were 240,000 cases the previous week. The preliminary report value is 239,000.
4 banks including Goldman agree to pay 500 million dollars, lawsuit over stock loan market control
$Goldman Sachs (GS.US)$with $Morgan Stanley (MS.US)$ $JPMorgan (JPM.US)$ $UBS Group (UBS.US)$The 4 banks agreed to pay about 500 million dollars (about 72.5 billion yen) in order to settle the antitrust law (antitrust law) class action lawsuit filed by the US Pension Fund in 2017 for controlling the stock loan market used for hedging and short sales.
Moomoo News - Vicky
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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