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Outlook for the US market: NVIDIA continues to rise, Dow starts 30 points lower

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moomooニュース米国株 wrote a column · Jun 20 08:32
Outlook for the US market: NVIDIA continues to rise, Dow starts 30 points lower
Hello, moomoo users!Here is the market sentiment for NY stocks tonight.
Market Overview
The US market started with the Dow Jones Industrial Average, consisting of high-quality stocks, starting 30.13 points lower at 38,804.73. The Nasdaq Composite Index, with a high proportion of technology stocks, started 51.71 points higher at 17,913.94. The S&P 500 index, which consists of 500 large-cap stocks in the US, started 12.96 points higher at 5,499.99.
Outlook for the US market: NVIDIA continues to rise, Dow starts 30 points lower
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Nvidia, not only the king of AI, but also the emperor of world stocks.
Leading the list of stocks pushing stock price indexes to new highs this week is Nvidia, the chipmaker chosen as the most valuable company in the world, surpassing other members of the 3 trillion dollar club earlier this week. $Microsoft (MSFT.US)$ And $Apple (AAPL.US)$ in worldwide。 $NVIDIA (NVDA.US)$ is.
The company's stock price has further increased by 4% in pre-market trading, adding another $130 billion in market value. However, Parmy Olson of Bloomberg Opinion mentioned that Nvidia's rise is overshadowing the necessity for companies indulging in the AI frenzy to manage expectations carefully.
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Nvidia becomes the world's number one for the first time! What should we focus on next? Increase in purchases by the world's largest ETF and adoption by the Dow average?!
With the continuous rise in stock prices, Wall Street's bear investors are becoming endangered species.
Goldman and UBS strategists have raised their S&P outlook three times. The economy is growing, approaching lower interest rates, and the prospect of artificial intelligence technology creating a utopia of corporate efficiency, which cannot stop the soaring stock market.
- It is rare for expectations to diverge from consensus amidst the sharp rise in stock prices. While the S&P 500 index continues to set new records, stock strategists cannot turn bullish and the bearish camp has become a rare breed. For the few skeptics, this halcyon groupthink is an important reason to be cautious towards the enveloping happiness in the stock market.
Balance of US bond accounts.
- Today, despite the decline in US bonds, the world's largest bond market has come close to achieving a balance after a tumultuous year.
- According to Bloomberg's bond market return index, while US bonds experienced a 3.4% drop in April, the year-to-date return is currently only slightly negative.
- The cooling of US inflation is keeping yields low as investors bet that it will convince the Federal Reserve (FRB) to cut rates sooner than officials suggest.
A series of US economic indicators announcements did not show a clear direction, with the dollar/yen around 158.45 = NY exchange rate.
After a series of US economic indicators were released, US bond yields initially dropped, but quickly turned upward. In the foreign exchange market, there was a temporary reaction of selling the dollar, but it quickly rebounded and the direction remains uncertain.
- moomoo News Zeber
Source: moomoo, Bloomberg, Minkabu
This article uses auto-translation in part.
Outlook for the US market: NVIDIA continues to rise, Dow starts 30 points lower
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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