Outlook for the U.S. market: Direxion's China-related ETF YINN surged over 24% in after-hours trading. The Dow Jones Industrial Average started 31 points lower.
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Tonight's analysis of NY stocks.![]()
Market Overview
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, opening 31.83 points lower at 42,125.14, while the Nasdaq Composite Index, with a high tech stock composition, started 43.24 points lower at 17,867.12. The S&P 500, composed of 500 large-cap U.S. stocks, started 10.61 points lower at 5,698.14.
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, opening 31.83 points lower at 42,125.14, while the Nasdaq Composite Index, with a high tech stock composition, started 43.24 points lower at 17,867.12. The S&P 500, composed of 500 large-cap U.S. stocks, started 10.61 points lower at 5,698.14.
Top News
Wait and see.
- Due to concerns over the Middle East situation, the market adopted a wait-and-see attitude, resulting in little movement in stock prices. Gold remained near its all-time high. The STOXX 600 index in Europe was led by energy-related companies and defense-related stocks, leading to an increase.
Wait and see.
- Due to concerns over the Middle East situation, the market adopted a wait-and-see attitude, resulting in little movement in stock prices. Gold remained near its all-time high. The STOXX 600 index in Europe was led by energy-related companies and defense-related stocks, leading to an increase.
● $S&P 500 Index (.SPX.US)$Futures indicated a calm open on Wednesday after the flight to safety on Tuesday. U.S. bond yields rose, and the dollar remained stable.
Surge in China
- Following Beijing's relaxation of housing purchase restrictions, Chinese stocks listed in Hong Kong surged to their highest level in about 2 years. Real estate developers led the increase, with the sector's stock index recording the highest percentage increase of 47%, and the securities company stock index reaching a record high of 35% in intraday trading.
- Recent stimulus measures announced by China have put an end to the three-year decline of Chinese stocks, which persisted due to the sluggish economy and the prolonged real estate crisis. There is a growing belief that these measures have halted the decline.
- Following Beijing's relaxation of housing purchase restrictions, Chinese stocks listed in Hong Kong surged to their highest level in about 2 years. Real estate developers led the increase, with the sector's stock index recording the highest percentage increase of 47%, and the securities company stock index reaching a record high of 35% in intraday trading.
- Recent stimulus measures announced by China have put an end to the three-year decline of Chinese stocks, which persisted due to the sluggish economy and the prolonged real estate crisis. There is a growing belief that these measures have halted the decline.
US ADP non-farm payroll employment figures increased by 0.143 million in September, exceeding expectations.
The corporate payroll calculation service provided by Automatic Data Processing (Automatic Data Processing (ADP)) has announced theSeptember's US employment reportAccording toNon-farm payroll employmentare An increase of 0.143 million people、Exceeding the market expectations of an increase of 0.124 million peopleThe growth expanded beyond expectations since August, becoming the largest since June. It contradicted other indicators showing a cooling labor market. The previous period increased from 0.099 million to 0.103 million people.upward revision。
The corporate payroll calculation service provided by Automatic Data Processing (Automatic Data Processing (ADP)) has announced theSeptember's US employment reportAccording toNon-farm payroll employmentare An increase of 0.143 million people、Exceeding the market expectations of an increase of 0.124 million peopleThe growth expanded beyond expectations since August, becoming the largest since June. It contradicted other indicators showing a cooling labor market. The previous period increased from 0.099 million to 0.103 million people.upward revision。
Tesla's customer deliveries in Q3 2024 were 460,289 vehicles, declining after hours.
rice $Tesla (TSLA.US)$In the third quarter of 2024, production volume was 0.46 million9796 units, with customer deliveries reaching 0.46 million2890 units (market expectations of 0.46 million3897 units).
rice $Tesla (TSLA.US)$In the third quarter of 2024, production volume was 0.46 million9796 units, with customer deliveries reaching 0.46 million2890 units (market expectations of 0.46 million3897 units).
Surge in crude oil prices.
- Iran launched about 200 ballistic missiles towards Israel, prompting Prime Minister Netanyahu to declare retaliation, causing oil to rise for the second day.
- Brent, a global benchmark, climbed towards $75 per barrel. The rise in crude oil, reflecting the risk premium on the world's most important commodity, as the Middle East accounts for about one-third of the world's supply, investors are factoring in the increasing risk premium once again.
- Iran launched about 200 ballistic missiles towards Israel, prompting Prime Minister Netanyahu to declare retaliation, causing oil to rise for the second day.
- Brent, a global benchmark, climbed towards $75 per barrel. The rise in crude oil, reflecting the risk premium on the world's most important commodity, as the Middle East accounts for about one-third of the world's supply, investors are factoring in the increasing risk premium once again.
Nike's reset.
● $Nike (NKE.US)$Stocks withdrew their full-year guidance citing the CEO change at the end of this month and fell in pre-market trading as revenue missed expectations.
● Nike also postponed the investor briefing scheduled for November, allowing the incoming CEO, Mr. Elliott Hill, more time to devise a turnaround strategy.
● $Nike (NKE.US)$Stocks withdrew their full-year guidance citing the CEO change at the end of this month and fell in pre-market trading as revenue missed expectations.
● Nike also postponed the investor briefing scheduled for November, allowing the incoming CEO, Mr. Elliott Hill, more time to devise a turnaround strategy.
moomoo News Zeber
Source: moomoo, Bloomberg
This article utilizes auto-translation in some parts.
Source: moomoo, Bloomberg
This article utilizes auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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