US market outlook: NVIDIA and Bitcoin rebounded, Tesla continued to grow, and the Dow average started at a high of 205 dollars
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This is the reading for tonight's NY stock.![]()
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 205.79 dollars to 40140.86 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 150.23 points to 17331.95. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 34.45 points to 5433.67.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 205.79 dollars to 40140.86 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 150.23 points to 17331.95. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 34.45 points to 5433.67.
Top news
The US PCE core price index, which is attracting attention from the Federal Reserve, surpassed expectations with a 2.6% increase compared to the previous year in June
● Of the Federal Reserve's attention excluding energy and food announced by the U.S. Department of CommerceUS PCE Core Price Index、June was up 2.6% compared to the previous year, and market expectations rose 2.5%.
● While waiting for a signal on whether the Fed will cut interest rates, the market is watching closely. Nearly three-quarters of economists surveyed by Bloomberg have stated that the Fed will cut interest rates by a quarter point in September at next week's meeting.
● Of the Federal Reserve's attention excluding energy and food announced by the U.S. Department of CommerceUS PCE Core Price Index、June was up 2.6% compared to the previous year, and market expectations rose 2.5%.
● While waiting for a signal on whether the Fed will cut interest rates, the market is watching closely. Nearly three-quarters of economists surveyed by Bloomberg have stated that the Fed will cut interest rates by a quarter point in September at next week's meeting.
Decreased rotation
● Amid questions about whether AI can achieve everything promised, stock investors are looking at overlooked stocks and defensive stocks that have the potential to benefit from artificial intelligence.
● This rotation overlaps with the fact that AI is expanding into fields other than chips and software, and it looks at the huge amount of electricity and land required by this technology, and industries that may eventually benefit from its introduction.
● Amid questions about whether AI can achieve everything promised, stock investors are looking at overlooked stocks and defensive stocks that have the potential to benefit from artificial intelligence.
● This rotation overlaps with the fact that AI is expanding into fields other than chips and software, and it looks at the huge amount of electricity and land required by this technology, and industries that may eventually benefit from its introduction.
JPMorgan's AI
● $JPMorgan(JPM.US$ has announced a generative artificial intelligence tool called LLM Suite, which is a unique version of OpenAI's ChatGPT.
● According to an internal memo viewed by Bloomberg, they give access rights to “many” employees in the asset/wealthy management department and tell them to think like research analysts who can provide information, solutions, and advice.
● $JPMorgan(JPM.US$ has announced a generative artificial intelligence tool called LLM Suite, which is a unique version of OpenAI's ChatGPT.
● According to an internal memo viewed by Bloomberg, they give access rights to “many” employees in the asset/wealthy management department and tell them to think like research analysts who can provide information, solutions, and advice.
Apple iPhone sales fall from top 5 in China
● As the rise of Chinese brands accelerates, $Apple(AAPL.US$ It dropped out of the top 5 smartphone sales volume in China in the 2nd quarter for the first time in 4 years.
● Apple's iPhone sales in China continued to be sluggish due to intensifying competition, offsetting double-digit growth in service businesses such as the App Store, Apple Pay, and Apple TV+.
● As the rise of Chinese brands accelerates, $Apple(AAPL.US$ It dropped out of the top 5 smartphone sales volume in China in the 2nd quarter for the first time in 4 years.
● Apple's iPhone sales in China continued to be sluggish due to intensifying competition, offsetting double-digit growth in service businesses such as the App Store, Apple Pay, and Apple TV+.
[Earnings Preview] Maintaining Strong Data Center Business? GS is also bullish, and AMD is scheduled to announce 24Q2 financial results after closing on 31st (Wednesday) Japan time
● $Advanced Micro Devices(AMD.US$ Is24Q2 financial results announced after closing on 7/31 (Wed) Japan timeI plan to do it.
●The market is the company'sSales increased 6.76% year over year to $5.721 billion、EPS was $0.18, up 823.5% from the same period last yearExpected.
● The growth of the company's data center business is steady. Since the launch of the MI300 in the 4th quarter of '23, cumulative sales have exceeded 1 billion dollars.
● AMD plans to announce the MI325 equipped with 288 gigabytes of HBM3E memory later this year.
● $Advanced Micro Devices(AMD.US$ Is24Q2 financial results announced after closing on 7/31 (Wed) Japan timeI plan to do it.
●The market is the company'sSales increased 6.76% year over year to $5.721 billion、EPS was $0.18, up 823.5% from the same period last yearExpected.
● The growth of the company's data center business is steady. Since the launch of the MI300 in the 4th quarter of '23, cumulative sales have exceeded 1 billion dollars.
● AMD plans to announce the MI325 equipped with 288 gigabytes of HBM3E memory later this year.
[Earnings Preview] Microsoft is paying attention to growth momentum! Can we win in the AI monetization competition?
● $Microsoft(MSFT.US$ Is7/30 (local) after closingFinancial results for Q4 (April-6) will be announced on
● Investors are paying attention to the continued growth of Microsoft's Azure cloud business.
● Microsoft may provide investors with the latest information on artificial intelligence initiatives.
● Cloud growth and investment in AI will be strictly examined within a high level of variation.
● $Microsoft(MSFT.US$ Is7/30 (local) after closingFinancial results for Q4 (April-6) will be announced on
● Investors are paying attention to the continued growth of Microsoft's Azure cloud business.
● Microsoft may provide investors with the latest information on artificial intelligence initiatives.
● Cloud growth and investment in AI will be strictly examined within a high level of variation.
— MooMoo News Zeber
Source: moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: moomoo, Bloomberg
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Chibou : I wonder if President Biden, the master of the Democratic Party, said hello
to the Fed. The Japanese election is near, so thank you 
Chibou : If American interest rates are cut, the yen will appreciate