Outlook for the US market: Intel's positive news continues, bitcoin rebounds to the 0.059 million dollar level, and the Dow starts 101 points higher.
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Here is the forecast for the NY stock market tonight.![]()
Market Overview
The US market started, with the Dow Jones Industrial Average, consisting of high-quality stocks, opening at 41,723.78, up $101.70. The Nasdaq Composite Index, which has a high proportion of technology stocks, started at 17,707.02, up 114.89 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, was up 22.42 points at 5,655.51.
The US market started, with the Dow Jones Industrial Average, consisting of high-quality stocks, opening at 41,723.78, up $101.70. The Nasdaq Composite Index, which has a high proportion of technology stocks, started at 17,707.02, up 114.89 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, was up 22.42 points at 5,655.51.
Top News
USA's August retail sales
● USA's August retail sales,increased by 0.10% from the previous month, expectations are for a 0.20% decrease, compared to a 1.00% increase in the previous period.
● Excluding automobile, gasoline, building materials, and food services, retail sales increased by 0.3% from the previous month,July's increase was revised upward to 0.4%.● Analysts point out that this data has little impact on the FOMC.
● USA's August retail sales,increased by 0.10% from the previous month, expectations are for a 0.20% decrease, compared to a 1.00% increase in the previous period.
● Excluding automobile, gasoline, building materials, and food services, retail sales increased by 0.3% from the previous month,July's increase was revised upward to 0.4%.● Analysts point out that this data has little impact on the FOMC.
Memo from the Federal Reserve Board
- Jim Reid of Deutsche Bank pointed out that the Federal Reserve Board will use the media to communicate its interest rate cuts during the blackout period to make its message clear.
- Nick Timiraos, a Fed watcher, once again commented on whether the interest rate cut will start with a large or small magnitude on the 17th.
- Timiraos also mentioned the strange question of why the Federal Reserve Board did not make a 1.00 point interest rate cut initially if they were expecting it this year.
- According to CME's FedWatch, the Federal Reserve Board's interest rate futures market on the 17thThis view accounts for 67% of the market, significantly exceeding the 33% chance of a 25bp rate cut.Normally, the FRB lowers interest rates by 25bp. However, if the authorities determine that there is a risk of a sharp economic slowdown, it is believed that they may implement a preventive 50bp rate cut, which would be significantly higher than the 33% chance.
- Jim Reid of Deutsche Bank pointed out that the Federal Reserve Board will use the media to communicate its interest rate cuts during the blackout period to make its message clear.
- Nick Timiraos, a Fed watcher, once again commented on whether the interest rate cut will start with a large or small magnitude on the 17th.
- Timiraos also mentioned the strange question of why the Federal Reserve Board did not make a 1.00 point interest rate cut initially if they were expecting it this year.
- According to CME's FedWatch, the Federal Reserve Board's interest rate futures market on the 17thThis view accounts for 67% of the market, significantly exceeding the 33% chance of a 25bp rate cut.Normally, the FRB lowers interest rates by 25bp. However, if the authorities determine that there is a risk of a sharp economic slowdown, it is believed that they may implement a preventive 50bp rate cut, which would be significantly higher than the 33% chance.
Intel's winning streak
● $Intel (INTC.US)$The foundry division has contracted with Amazon's AWS to manufacture custom AI chips.
Pat Gelsinger CEO revealed in a memo to employees about cost reduction plans and the separation of the foundry business.
Received up to $3.5 billion in funding from the federal government to manufacture advanced chips for military and intelligence purposes.
● $Intel (INTC.US)$The foundry division has contracted with Amazon's AWS to manufacture custom AI chips.
Pat Gelsinger CEO revealed in a memo to employees about cost reduction plans and the separation of the foundry business.
Received up to $3.5 billion in funding from the federal government to manufacture advanced chips for military and intelligence purposes.
Gift from Microsoft
● $Microsoft (MSFT.US)$Announced the approval of a new share buyback program with a maximum scale of 60 billion dollars, matching the largest buyback program in history.
Also announced an increase in quarterly dividends.
● $Microsoft (MSFT.US)$Announced the approval of a new share buyback program with a maximum scale of 60 billion dollars, matching the largest buyback program in history.
Also announced an increase in quarterly dividends.
Bearish on petroleum.
The hedge fund's current crude oil position has decreased from a long position of 0.524 billion 24 million barrels on July 2nd to a short position of 34 million barrels.
The hedge fund's current crude oil position has decreased from a long position of 0.524 billion 24 million barrels on July 2nd to a short position of 34 million barrels.
Goldman Sachs predicts that the overly pessimistic market outlook for oil demand will improve, and Brent crude oil will recover to $77 per barrel in the fourth quarter of this year.
Over time, the market's pessimistic view on the supply-demand balance is gradually strengthening, and it is also pointed out that there will be further pressure on crude oil prices next year.
Over time, the market's pessimistic view on the supply-demand balance is gradually strengthening, and it is also pointed out that there will be further pressure on crude oil prices next year.
Selling stocks again
$NVIDIA (NVDA.US)$Director HUANG JEN HSUN sold an average of 0.24 million common shares at $118.9663 per share on September 12th and 13th, with a total amount of approximately $28.5519 million.
$NVIDIA (NVDA.US)$Director HUANG JEN HSUN sold an average of 0.24 million common shares at $118.9663 per share on September 12th and 13th, with a total amount of approximately $28.5519 million.
-moomoo News Citron
This article is partially translated using auto-translation.
This article is partially translated using auto-translation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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