Outlook for the USA market: Caution for high prices after rate cut, Dow Jones starts 66 points lower.
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Market Overview
The U.S. market started with the Dow Jones Industrial Average, consisting of excellent stocks, falling by $65.76 to 41,959.43. The Nasdaq Composite Index, with a high proportion of technology stocks, started down 14.63 points at 17,999.35. The S&P 500 Index, consisting of 500 large-cap stocks in the U.S., fell by 4.00 points to 5,709.64.
The U.S. market started with the Dow Jones Industrial Average, consisting of excellent stocks, falling by $65.76 to 41,959.43. The Nasdaq Composite Index, with a high proportion of technology stocks, started down 14.63 points at 17,999.35. The S&P 500 Index, consisting of 500 large-cap stocks in the U.S., fell by 4.00 points to 5,709.64.
Top News
After the interest rate cut
●Performance in the 3 months after the initial rate cut showed 5 increases (with varying rates) and 2 decreases. In 2001 and 2007, when a 0.5% rate cut was implemented, the U.S. economy entered a recession in the following quarter after the rate cut.
●Tom Lee of Fundstrat Global Advisors stated, "The Fed's rate cut cycle will lay the foundation for a bullish market in the next 1-3 months," and added, "With the upcoming U.S. presidential election in November, there is still not enough confidence that the stock market will continue to rise."The U.S. presidential election in Novemberis looming and there is still not enough confidence that the stock market will continue to rise.
●Lee also recommends investing in industrial, financial, and small-cap stocks.
Matthew Miskin points out that 'valuation-driven gains are limited, with earnings and economic growth driving factors'.
●Labor market, inflationstill feels uncertain.
●Performance in the 3 months after the initial rate cut showed 5 increases (with varying rates) and 2 decreases. In 2001 and 2007, when a 0.5% rate cut was implemented, the U.S. economy entered a recession in the following quarter after the rate cut.
●Tom Lee of Fundstrat Global Advisors stated, "The Fed's rate cut cycle will lay the foundation for a bullish market in the next 1-3 months," and added, "With the upcoming U.S. presidential election in November, there is still not enough confidence that the stock market will continue to rise."The U.S. presidential election in Novemberis looming and there is still not enough confidence that the stock market will continue to rise.
●Lee also recommends investing in industrial, financial, and small-cap stocks.
Matthew Miskin points out that 'valuation-driven gains are limited, with earnings and economic growth driving factors'.
●Labor market, inflationstill feels uncertain.
Positive and negative factors
●Nike, new CEO calls back veteran former executives.
●Fedex, earnings fall below financial estimates, but price increases are expected to support profits.
● Mr. Buffett, $Bank of America (BAC.US)$Sells additional shares, almost recovers investment costs.
● JP Morgan, $Arm Holdings (ARM.US)$Upgrades rating and sets target stock price at $140.
● $Constellation Energy (CEG.US)$Toward the restart of the Three Mile Island nuclear power plant, $Microsoft (MSFT.US)$and signed a 20-year electricity purchase contract.
●Nike, new CEO calls back veteran former executives.
●Fedex, earnings fall below financial estimates, but price increases are expected to support profits.
● Mr. Buffett, $Bank of America (BAC.US)$Sells additional shares, almost recovers investment costs.
● JP Morgan, $Arm Holdings (ARM.US)$Upgrades rating and sets target stock price at $140.
● $Constellation Energy (CEG.US)$Toward the restart of the Three Mile Island nuclear power plant, $Microsoft (MSFT.US)$and signed a 20-year electricity purchase contract.
AI
● Morgan Stanley, $Taiwan Semiconductor (TSM.US)$expressed a bullish view on AI chip related companies such as.
● Our company, the logic chip and memory cycles are gradually diverging.
● AI technology is a driving factor for the growth of logic chips.
● Stifel, $Micron Technology (MU.US)$Lowered performance outlook.
● Morgan Stanley, $Taiwan Semiconductor (TSM.US)$expressed a bullish view on AI chip related companies such as.
● Our company, the logic chip and memory cycles are gradually diverging.
● AI technology is a driving factor for the growth of logic chips.
● Stifel, $Micron Technology (MU.US)$Lowered performance outlook.
Ming-Chi Kuo expects the 2026 iPhone 18 series to use TSMC's 2nm processor.
Decline in luxury brands.
●Goldman's Louise Singlehurst pointed out, 'Expecting a downturn in luxury brands for the next six months, with continued downside risk.'
Jefferies' James Grzinic downgraded Burberry and Swatch ratings, and lowered LVMH's target stock price to 600 euros.
●Goldman's Louise Singlehurst pointed out, 'Expecting a downturn in luxury brands for the next six months, with continued downside risk.'
Jefferies' James Grzinic downgraded Burberry and Swatch ratings, and lowered LVMH's target stock price to 600 euros.
-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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