Outlook for the US market: Microsoft falls due to global system outage, Dow Jones starts 72 points lower.
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Tonight's analysis of NY stocks.![]()
Market Overview
US market opens, Dow Jones Industrial Average composed of high-quality stocks starts at 40,592.35, down 72.67 points, while the Nasdaq Composite Index with a high proportion of technology stocks starts at 17,835.59, down 35.63 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, starts at 5,543.37, down 1.22 points.
US market opens, Dow Jones Industrial Average composed of high-quality stocks starts at 40,592.35, down 72.67 points, while the Nasdaq Composite Index with a high proportion of technology stocks starts at 17,835.59, down 35.63 points. The S&P 500 Index, composed of 500 large-cap stocks in the US, starts at 5,543.37, down 1.22 points.
Top News
Stock price fell.
Amid widespread technical disruption, there is a fear of a further decline in large-cap technology stocks, causing global stocks to fall and USA futures to become mixed.
● $Microsoft (MSFT.US)$ Moomoo announced that it has resolved the cloud service outage that caused disruptions to airlines and banks, but the stock price still fell.
Amid widespread technical disruption, there is a fear of a further decline in large-cap technology stocks, causing global stocks to fall and USA futures to become mixed.
● $Microsoft (MSFT.US)$ Moomoo announced that it has resolved the cloud service outage that caused disruptions to airlines and banks, but the stock price still fell.
● $United Airlines (UAL.US)$ and $Delta Air Lines (DAL.US)$ Stock prices of major airlines, including Moomoo, also fell.
Expectations for an interest rate cut
- There is growing speculation that the Federal Reserve Board (FRB) will cut interest rates in September.
- The Federal Reserve Board (FRB) has been preparing for an interest rate cut in recent weeks, and there is a high possibility that Chairman Powell will indicate a clearer intention to cut rates after the July 30-31 policy meeting.
- Chairman Powell and others have a strong determination not to waste the opportunity for a soft landing of the US economy, although it is not yet a decision.
- There is growing speculation that the Federal Reserve Board (FRB) will cut interest rates in September.
- The Federal Reserve Board (FRB) has been preparing for an interest rate cut in recent weeks, and there is a high possibility that Chairman Powell will indicate a clearer intention to cut rates after the July 30-31 policy meeting.
- Chairman Powell and others have a strong determination not to waste the opportunity for a soft landing of the US economy, although it is not yet a decision.
Global system failure
- On Friday, computer systems worldwide experienced a failure, causing services such as airlines, banks, and the London Stock Exchange to stop. This was due to a crash of widely used cybersecurity programs. $Microsoft (MSFT.US)$ and some companies have reported problems with cloud services.
- Cybersecurity company CrowdStrike warned its customers that their threat monitoring product, Falcon Sensor, was causing crashes in Microsoft's Windows operating system. The trigger for this issue, which occurred simultaneously with the disruptions to Microsoft's cloud service Azure and its Office software 365, is unknown.
- On Friday, computer systems worldwide experienced a failure, causing services such as airlines, banks, and the London Stock Exchange to stop. This was due to a crash of widely used cybersecurity programs. $Microsoft (MSFT.US)$ and some companies have reported problems with cloud services.
- Cybersecurity company CrowdStrike warned its customers that their threat monitoring product, Falcon Sensor, was causing crashes in Microsoft's Windows operating system. The trigger for this issue, which occurred simultaneously with the disruptions to Microsoft's cloud service Azure and its Office software 365, is unknown.
Trump overestimated the effect of repatriation tax cuts.
- Donald Trump, the former US President, gave an acceptance speech at the Republican National Convention on the 18th, in which he stated that repatriation, the process of bringing profits earned by companies overseas back to the home country, had become much easier due to the 2017 tax reform.
- He mentioned that they had brought back billions, even hundreds of billions, of dollars in profits, and pointed out that under the previous tax system, companies were encouraged to accumulate profits overseas.
- Donald Trump, the former US President, gave an acceptance speech at the Republican National Convention on the 18th, in which he stated that repatriation, the process of bringing profits earned by companies overseas back to the home country, had become much easier due to the 2017 tax reform.
- He mentioned that they had brought back billions, even hundreds of billions, of dollars in profits, and pointed out that under the previous tax system, companies were encouraged to accumulate profits overseas.
Blackstone anticipates an acceleration in AI-related investments.
US investment firm Blackstone expects the composition of investment opportunities to further accelerate over the next few months to years by placing artificial intelligence (AI) at the center of its investment strategy.
US investment firm Blackstone expects the composition of investment opportunities to further accelerate over the next few months to years by placing artificial intelligence (AI) at the center of its investment strategy.
AI semiconductor crash! Handpicked 6 stocks for bargain hunting and dip buying! Will the 'AI boom' remain unaffected by 'export regulations to China'?
AI semiconductor stocks are experiencing a crash.Currently facing a downturn.Reports of strict US government regulations on semiconductors related to ChinaYaTrump's remarks about Taiwan led to selling.On July 17, two pieces of news coincided, causing Nvidia stock to drop by 6.6% and the Dow Inc to drop by 8.0%. $Taiwan Semiconductor (TSM.US)$ It was also revealed on the day of the earnings report that the surge in orders in the AI boom led to a 12.7% drop. $ASML Holding (ASML.US)$ This was because the company was mentioned in the context of the strengthened export restrictions to China.
AI semiconductor stocks are experiencing a crash.Currently facing a downturn.Reports of strict US government regulations on semiconductors related to ChinaYaTrump's remarks about Taiwan led to selling.On July 17, two pieces of news coincided, causing Nvidia stock to drop by 6.6% and the Dow Inc to drop by 8.0%. $Taiwan Semiconductor (TSM.US)$ It was also revealed on the day of the earnings report that the surge in orders in the AI boom led to a 12.7% drop. $ASML Holding (ASML.US)$ This was because the company was mentioned in the context of the strengthened export restrictions to China.
moomoo News Zeber
Source: moomoo, Bloomberg, Dow Jones
This article utilizes automatic translation in some parts.
Source: moomoo, Bloomberg, Dow Jones
This article utilizes automatic translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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