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US Market Outlook: Expectations for the Fed to aggressively cut interest rates cannot be justified, and the Dow Jones Industrial Average starts at $32 lower

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moomooニュース米国株 wrote a column · Dec 8, 2023 08:36
US Market Outlook: Expectations for the Fed to aggressively cut interest rates cannot be justified, and the Dow Jones Industrial Average starts at $32 lower
Good evening to all Moomoo users!This is tonight's reading of NY stocks.

Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, fell 32.56 dollars to 36084.82 dollars, and the NASDAQ Comprehensive Stock Price Index, which has a high high-tech stock ratio, fell 60.53 points to 14279.46. The S&P 500 average, which consists of stocks of 500 companies that are large American stocks, fell 9.39 points to 4576.20.
US Market Outlook: Expectations for the Fed to aggressively cut interest rates cannot be justified, and the Dow Jones Industrial Average starts at $32 lower
$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 Index(.SPX.US)$

Top news
The number of people employed in the non-farm sector in the US in November increased by 199,000, which is higher than expected, and the unemployment rate is lower than expected
According to US employment statistics for November, the unemployment rate declined unexpectedly from the previous month, and the growth in the number of people employed in the non-farm sector exceeded expectations. A slowdown in the labor market cannot be confirmed from today's figures, and the expectations that the market expects for the FRB to actively cut interest rates next year cannot be justified.

Strike in Scandinavia against US Tesla, Finnish labor unions will also participate
The Finnish Transport Workers Union (AKT) is on the 7th, and the Scandinavian labor union is a major US electric vehicle (EV) company $Tesla(TSLA.US)$It was made clear that they would join the strike being carried out against them. Finnish port workers who have joined AKT plan to stop unloading and unloading Tesla cars at all domestic ports starting on the 20th of this month.
Open AI partnership with Microsoft in the US, preliminary investigation by the British authorities
The Competition and Markets Authority (CMA), the British competition policy authority, said on the 8th in the US $Microsoft(MSFT.US)$It was clarified that they are investigating the possibility that the US Open AI partnership, which developed the interactive AI (artificial intelligence) “chat GPT,” will have an impact on competition in the market.

Multiple funds such as US Bain and KKR claim to acquire Tsuruha HD - Stakeholders
metres $Bain Capital Specialty Finance(BCSF.US)$ Ya $KKR & Co(KKR.US)$ $Blackstone(BX.US)$Multiple investment funds, etc. including major drugstore chains $Tsuruha Holdings(3391.JP)$It became known on the 8th that they are considering the acquisition of. Tsuruha HD is seeking de-listing through acceptance of acquisitions.

— MooMoo News Zeber
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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