Outlook for the USA market: nvidia CEO completes company stock selling plan, dow inc starts 27 dollars higher.
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Here are tonight's insights into NY stocks.![]()
Market Overview
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $27.87 to $42,236.09, and the Nasdaq Composite Index, with a high proportion of tech stocks, started at 18050.36, down 24.16 points. The S&P 500 Index, consisting of 500 of the largest U.S. stocks, closed up 0.72 points at 5733.65.
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $27.87 to $42,236.09, and the Nasdaq Composite Index, with a high proportion of tech stocks, started at 18050.36, down 24.16 points. The S&P 500 Index, consisting of 500 of the largest U.S. stocks, closed up 0.72 points at 5733.65.
Top News
Stock prices fell.
● $S&P 500 Index (.SPX.US)$ After trading at the 41st record high this year the previous day, American stock futures widened their decline on Wednesday.
Futures trading suggests a 0.3% decline in today's benchmark index, with the STOXX 600 stock price index in Europe showing a slight decline. Bonds and the dollar were strong.
Stock prices fell.
● $S&P 500 Index (.SPX.US)$ After trading at the 41st record high this year the previous day, American stock futures widened their decline on Wednesday.
Futures trading suggests a 0.3% decline in today's benchmark index, with the STOXX 600 stock price index in Europe showing a slight decline. Bonds and the dollar were strong.
Gold sets a new record
On Wednesday, the gold market hit a record high amid speculation of rate cuts. Gold bars rose to a record high of $2,670.57 per ounce at the start of Wednesday and then narrowed its gains.
Gold and silver have risen by 29% and 34% respectively this year. The decrease in interest rates tends to benefit both gold and silver, which do not provide interest, and a weaker dollar makes metals cheaper for many buyers.
On Wednesday, the gold market hit a record high amid speculation of rate cuts. Gold bars rose to a record high of $2,670.57 per ounce at the start of Wednesday and then narrowed its gains.
Gold and silver have risen by 29% and 34% respectively this year. The decrease in interest rates tends to benefit both gold and silver, which do not provide interest, and a weaker dollar makes metals cheaper for many buyers.
NVIDIA CEO Completes Company Stock Sale Plan
● $NVIDIA (NVDA.US)$ Jensen Huang, Chief Executive Officer (CEO) of NVIDIA, completed the planned sale of 6 million shares of the company's own stock announced at the beginning of the year.
NVIDIA declined to comment.
● $NVIDIA (NVDA.US)$ Jensen Huang, Chief Executive Officer (CEO) of NVIDIA, completed the planned sale of 6 million shares of the company's own stock announced at the beginning of the year.
NVIDIA declined to comment.
China's economic stimulus measures
In asia, stock prices rose due to China's economic stimulus measures.
The People's Bank of China lowered the one-year policy loan interest rate to a record high on Wednesday, bolstering Tuesday's wide-ranging economic stimulus measures like an adrenaline shot.
The renminbi surpassed 7 yuan against the dollar for the first time in 16 months, leading the onshore CSI300 index to sweep away the losses of 2024.
In asia, stock prices rose due to China's economic stimulus measures.
The People's Bank of China lowered the one-year policy loan interest rate to a record high on Wednesday, bolstering Tuesday's wide-ranging economic stimulus measures like an adrenaline shot.
The renminbi surpassed 7 yuan against the dollar for the first time in 16 months, leading the onshore CSI300 index to sweep away the losses of 2024.
OECD optimism
In its latest edition, the OECD presents a positive outlook on the global economy, stating that the stresses of strong inflation are easing, and as central banks are able to continue with cautious policy easing, the world is gradually settling into a new stability.
The OECD expects that by the end of 2025, inflation rates in the majority of the 20 countries and regions of the Group of 20 will reach the target. Meanwhile, major central banks are warned to depend on data and to take a 'cautious' approach to interest rate cuts.
In its latest edition, the OECD presents a positive outlook on the global economy, stating that the stresses of strong inflation are easing, and as central banks are able to continue with cautious policy easing, the world is gradually settling into a new stability.
The OECD expects that by the end of 2025, inflation rates in the majority of the 20 countries and regions of the Group of 20 will reach the target. Meanwhile, major central banks are warned to depend on data and to take a 'cautious' approach to interest rate cuts.
moomoo News of Zeber
Source: moomoo, Bloomberg
This article uses auto-translation in some sections
Source: moomoo, Bloomberg
This article uses auto-translation in some sections
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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184177670 : Was it planned?
HONDA N-ONE 184177670 : Various discussions are flying around, but the mass sell-off is just following the submitted plan and executing it.