Outlook for the US market: The world awaits NVIDIA's financial results, will there be another huge surge or is it the prelude to the end of the bullish market?
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This is the analysis of tonight's NY stock market.![]()
Market Overview
The US market started, the Dow Jones Industrial Average, which consists of high-quality stocks, opened at $41,250.17, down $0.33. The Nasdaq Composite Index, which has a high proportion of technology stocks, started at 17,738.80, down 16.02 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, was down 1.29 points at 5,624.51.
The US market started, the Dow Jones Industrial Average, which consists of high-quality stocks, opened at $41,250.17, down $0.33. The Nasdaq Composite Index, which has a high proportion of technology stocks, started at 17,738.80, down 16.02 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, was down 1.29 points at 5,624.51.
Top News
Waiting for NVIDIA.
Perhaps one of the most influential stocks in the world. $NVIDIA (NVDA.US)$ の3社が下落している。
Perhaps one of the most influential stocks in the world. $NVIDIA (NVDA.US)$ の3社が下落している。
Not only the financial performance, but also the production plan for NVIDIA's next-generation AI chip, 'Blackwell', is being watched closely.
Considering the weight of NVIDIA in the US stock market index, it is certain that disappointment will shake the market.
As the time to announce approaches, Wednesday was relatively quiet. European stocks rose, but US stock index futures remained largely unchanged, as did bonds.
On the other hand, the earnings hurdle for the $3.2 trillion chip maker seems quite high.
According to analysts' average forecasts, Nvidia's revenue for the current quarter is expected to grow by over 70%. Investors are prepared for significant fluctuations in the company's stock, with the options market suggesting a movement of nearly 10% in either direction on the day after earnings are released.
The stock price has risen approximately 160% year-to-date and over 1,000% from the low point of the bearish market in October 2022.
Considering the weight of NVIDIA in the US stock market index, it is certain that disappointment will shake the market.
As the time to announce approaches, Wednesday was relatively quiet. European stocks rose, but US stock index futures remained largely unchanged, as did bonds.
On the other hand, the earnings hurdle for the $3.2 trillion chip maker seems quite high.
According to analysts' average forecasts, Nvidia's revenue for the current quarter is expected to grow by over 70%. Investors are prepared for significant fluctuations in the company's stock, with the options market suggesting a movement of nearly 10% in either direction on the day after earnings are released.
The stock price has risen approximately 160% year-to-date and over 1,000% from the low point of the bearish market in October 2022.
Buffett's movements
Warren Buffett sold an additional $0.982 billion Bank of America shares.
Berkshire Hathaway reduced its Bank of America shares by nearly 13% in a series of sales since mid-July, realizing a profit of $5.4 billion.
Berkshire disclosed its latest sales in regulatory filings submitted late on Tuesday.
Buffett remains silent about the reason for the sales, and the company is still the largest shareholder of the bank.
Related articles:The best birthday present for Warren Buffett, the 'God of investment'!? Berkshire stock reaches a new high, with a market capitalization approaching 1 trillion dollars!
Warren Buffett sold an additional $0.982 billion Bank of America shares.
Berkshire Hathaway reduced its Bank of America shares by nearly 13% in a series of sales since mid-July, realizing a profit of $5.4 billion.
Berkshire disclosed its latest sales in regulatory filings submitted late on Tuesday.
Buffett remains silent about the reason for the sales, and the company is still the largest shareholder of the bank.
Related articles:The best birthday present for Warren Buffett, the 'God of investment'!? Berkshire stock reaches a new high, with a market capitalization approaching 1 trillion dollars!
Commodities fall.
Apart from stocks, global commodities suffered a blow on Wednesday.
● $Gold Futures(DEC4) (GCmain.US)$The rise stopped for the third day, while crude oil fell for the second day. Aluminum, copper, and zinc all declined as inventories in China increased, suggesting pressure on demand.
● $ANGLO AMERICAN PLATINUM LTD SPON ADR EACH REP 0.16667 ORD SHS (ANGPY.US)$ 、 $Rio Tinto (RIO.US)$ 、 $GLENCORE PLC (GLNCY.US)$ Three companies are declining.
Apart from stocks, global commodities suffered a blow on Wednesday.
● $Gold Futures(DEC4) (GCmain.US)$The rise stopped for the third day, while crude oil fell for the second day. Aluminum, copper, and zinc all declined as inventories in China increased, suggesting pressure on demand.
● $ANGLO AMERICAN PLATINUM LTD SPON ADR EACH REP 0.16667 ORD SHS (ANGPY.US)$ 、 $Rio Tinto (RIO.US)$ 、 $GLENCORE PLC (GLNCY.US)$ Three companies are declining.
moomoo News - Zeber
Source: moomoo, Bloomberg
This article uses automatic translation in part.
Source: moomoo, Bloomberg
This article uses automatic translation in part.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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