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Outlook for the US market: Nvidia is down, Bitcoin is up, Dow Inc started with a $254 increase.

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moomooニュース米国株 wrote a column · Aug 29 08:34
Outlook for the US market: Nvidia is down, Bitcoin is up, Dow Inc started with a $254 increase.
Good evening, Moomoo users!Here are tonight's market rumors on NY stocks.
Market overview
The U.S. market has started, with the Dow Jones Industrial Average, which consists of high-quality stocks, opening at $41,345.50, up $254.08. The Nasdaq Composite Index, which has a high proportion of technology stocks, opened at 17,610.57, up 54.54 points. The S&P 500 Index, which consists of the stocks of the top 500 large-cap companies in the U.S., opened at 5,607.30, up 15.12 points.
Outlook for the US market: Nvidia is down, Bitcoin is up, Dow Inc started with a $254 increase.
Top news
Market trends
- $NVIDIA (NVDA.US)$ In response to disappointing performance expectations, the market is focusing on macro factors.
Nvidia shares fell in pre-market trading in the U.S. after announcing insufficient guidance that suggests waning enthusiasm for artificial intelligence. $NASDAQ 100 Index (.NDX.US)$ And $S&P 500 Index (.SPX.US)$ Futures を上回るには6点必要です。
- $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ Gan Ltd へ下がりましたが、 $USD (USDindex.FX)$ Silver は月間で最大の下落に向かいました。
Nvidia financial results
●One of the most anticipated quarterly reports in the high-tech industry, Nvida's earnings report, exceeded analysts' expectations in almost all indicators.
●However, investors in "moomoo" have become accustomed to achieving great success in the quarter, and this time the numbers did not meet that criteria. $NVIDIA (NVDA.US)$ However, investors in Gan Ltd have become accustomed to achieving great success in the quarter, and this time the numbers did not meet that criteria.
●What investors are concerned about is that it has been revealed that NVIDIA's next big earner, the Blackwell Processor's new lineup, is more difficult to manufacture than expected. This product is the next-generation product of the artificial intelligence processor that dominates the company.
Related articles:
[Financial Results] Nvidia (NVDA) FY25Q2 Results: EPS $0.68 (estimated $0.65), revenue of $30.04 billion (estimated $28.857 billion).
Why is nvidia selling in advance? Is there a possibility of a turnaround? Blackwell, an AI semiconductor, is expected to perform well! [Summary of Financial Results]
Is nvidia still the favorite? The return on investment in the GPU rental market is extremely high = Morgan Stanley.
Returning to the macro.
●However, with the official end of the earnings season, the focus is returning to the macro environment. In the money market, there is a growing view that an interest rate cut equivalent to 100bp will be implemented by the end of the year. However, it remains unclear whether the Federal Reserve (FRB) will implement a 25bp interest rate cut next month, or whether it will implement a significant 50bp interest rate cut.
●While Atlanta Fed President Bostic has suggested, "It may be time for an interest rate cut," he is seeking additional data to support a rate cut next month. The key to this lies in the inflation indicator recommended by the FRB (Core PCE) to be announced on Friday.
Data as of 2024.08.29
Data as of 2024.08.29
US economic indicator [Initial Unemployment Claims]
-Initial Unemployment Claims (08/18 - 08/24) 21:30
Result: 0.231 million claims
Forecast: 0.229 million claims, Previous: 0.233 million claims (revised from 0.232 million claims) (Initial Unemployment Claims)
-Initial Unemployment Claims (08/11 - 08/17)
Result: 1.868 million cases
Forecast: 1.869 million cases, prior result: 1.855 million cases (revised from 1.863 million cases) (number of continuing recipients)
- moomoo News Zeber
Source: moomoo, Bloomberg, Minkabu
This article utilizes automatic translation in certain parts.
Outlook for the US market: Nvidia is down, Bitcoin is up, Dow Inc started with a $254 increase.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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