Outlook for the USA market: Concerns about USA economic downturn diminishing, market sentiment turns positive! Nasdaq index starts 211 points higher.
Hello, Moomoo users!![]()
Here is the analysis of NY stock market tonight.![]()
Market Overview
USA market started, the Dow Industrial Average, composed of high-quality stocks, rose by 236.67 points to 42,248.26 dollars, while the Nasdaq Composite Index, with a high tech stock ratio, started at 18,130.42, up by 211.94 points. The S&P 500 index, composed of 500 large cap stocks in the USA, rose by 37.54 points to 5,737.48.
USA market started, the Dow Industrial Average, composed of high-quality stocks, rose by 236.67 points to 42,248.26 dollars, while the Nasdaq Composite Index, with a high tech stock ratio, started at 18,130.42, up by 211.94 points. The S&P 500 index, composed of 500 large cap stocks in the USA, rose by 37.54 points to 5,737.48.
Top News
The decline narrowed.
● European stocks and USA futures fluctuated as they awaited important US employment statistics that would influence the direction of interest rates.
● Crude oil prices expanded their gains due to escalating tensions in the Middle East, resulting in a significant increase not seen in about a year on the day.
Government bonds remained flat after being sold on Thursday, as the indicator of a stronger dollar saw a significant increase for the week, the first in about six months as traders scaled back their expectations for aggressive rate cuts by the US Federal Reserve.
The decline narrowed.
● European stocks and USA futures fluctuated as they awaited important US employment statistics that would influence the direction of interest rates.
● Crude oil prices expanded their gains due to escalating tensions in the Middle East, resulting in a significant increase not seen in about a year on the day.
Government bonds remained flat after being sold on Thursday, as the indicator of a stronger dollar saw a significant increase for the week, the first in about six months as traders scaled back their expectations for aggressive rate cuts by the US Federal Reserve.
In September, the number of non-farm payroll employees in the US saw a significantly higher-than-expected increase of 0.254 million, with the unemployment rate falling to 4.1%.
Released by the US Department of LaborNon-farm payroll employment in SeptemberIs.Increase of 0.254 million people、Significantly surpassing the market estimate of a 0.147 million increase and marking the largest growth since March 2024.In July, the number of non-agricultural sector employees increased from 0.089 million to 0.144 million, and in August from 0.142 million to 0.159 million.Upward revision.The total number of employees in July and August, after revision, increased by 0.072 million from the original.Labor dispute settlementDone.
Released by the US Department of LaborNon-farm payroll employment in SeptemberIs.Increase of 0.254 million people、Significantly surpassing the market estimate of a 0.147 million increase and marking the largest growth since March 2024.In July, the number of non-agricultural sector employees increased from 0.089 million to 0.144 million, and in August from 0.142 million to 0.159 million.Upward revision.The total number of employees in July and August, after revision, increased by 0.072 million from the original.Labor dispute settlementDone.
● Harbor workers in the United States agreed to end a three-day strike that paralyzed trade on the East Coast and Gulf of Mexico, which could have become a focal point in the presidential election.
● The International Longshoremen's Association and the US Maritime Association have extended their existing contract until January 15. Work resumed on Friday morning, and both parties plan to resume negotiations on a long-term contract, including about 62% wage increases.
● The number of striking port workers in the United States had agreements reached to end the three-day strike that threatened to paralyze trade on the East Coast and Gulf of Mexico, a potential focal point for the presidential race. ● The International Longshoremen's Association and the US Maritime Association have extended their existing contract until January 15. Work resumed on Friday morning, and both parties plan to resume negotiations on a long-term contract, including about 62% wage increases.
Concerns about a sustained state of emergency have been increasing week by week, with estimated impacts on the US economy of up to $5 billion per day.
● The International Longshoremen's Association and the US Maritime Association have extended their existing contract until January 15. Work resumed on Friday morning, and both parties plan to resume negotiations on a long-term contract, including about 62% wage increases.
● The number of striking port workers in the United States had agreements reached to end the three-day strike that threatened to paralyze trade on the East Coast and Gulf of Mexico, a potential focal point for the presidential race. ● The International Longshoremen's Association and the US Maritime Association have extended their existing contract until January 15. Work resumed on Friday morning, and both parties plan to resume negotiations on a long-term contract, including about 62% wage increases.
Concerns about a sustained state of emergency have been increasing week by week, with estimated impacts on the US economy of up to $5 billion per day.
Concerns about crude oil
Crude oil saw a significant increase for the first time in over a year due to concerns that Israel may retaliate against missile attacks on its territory by launching attacks on Iran's petroleum facilities.
After President Joe Biden stated that the US is discussing whether to support potential attacks on Iran's energy infrastructure, Brent surged 5% the previous day and extended gains on Friday.
US government officials later indicated that the administration is still in discussions with Israel and no decision has been made yet. Due to increased tensions, there is a higher risk of disruption in Middle Eastern oil supply, leading to nearly a 9% surge in crude oil this week.
Crude oil saw a significant increase for the first time in over a year due to concerns that Israel may retaliate against missile attacks on its territory by launching attacks on Iran's petroleum facilities.
After President Joe Biden stated that the US is discussing whether to support potential attacks on Iran's energy infrastructure, Brent surged 5% the previous day and extended gains on Friday.
US government officials later indicated that the administration is still in discussions with Israel and no decision has been made yet. Due to increased tensions, there is a higher risk of disruption in Middle Eastern oil supply, leading to nearly a 9% surge in crude oil this week.
Hedge fund losses
Former Goldman Sachs genius investor Ed Eisler's hedge fund is facing losses.
For hedge funds, the amount of cash they can raise from investors is a crucial litmus test. Eisler Capital's current assets under management are about $4 billion, below the AUM of 2021.
The challenges faced by this fund illustrate how difficult it is to sit at the top table of the hedge fund industry.
Former Goldman Sachs genius investor Ed Eisler's hedge fund is facing losses.
For hedge funds, the amount of cash they can raise from investors is a crucial litmus test. Eisler Capital's current assets under management are about $4 billion, below the AUM of 2021.
The challenges faced by this fund illustrate how difficult it is to sit at the top table of the hedge fund industry.
moomoo News Zeber
Source: moomoo, Bloomberg
This article utilizes automatic translation in some parts.
Source: moomoo, Bloomberg
This article utilizes automatic translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
古河美香 : Hey~
syunran : No US rate cut, no JP rate hike, towards a yen depreciation in November?
JP is unreadable due to political confusion. Once the US election is over and diplomacy starts moving, will the war end??
なおてぃ : Patience, isn't it.