US market outlook: NVIDIA rebounds and the Dow average starts at a fall of $12
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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, began with a 12.42 dollar depreciation of 39398.79 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 75.34 points to 17572.16. The S&P 500 average, which consists of the stocks of 500 large US companies, rose 12.86 points to 5460.73.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began with a 12.42 dollar depreciation of 39398.79 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 75.34 points to 17572.16. The S&P 500 average, which consists of the stocks of 500 large US companies, rose 12.86 points to 5460.73.
Top news
Federal Reserve Updates
● San Francisco Federal Reserve Bank President Mary Daly warned yesterday that the US labor market is nearing a turning point and that further deceleration would mean an increase in the unemployment rate.
● Both senior Federal Reserve officials Michelle Bowman and Lisa Cook are scheduled to speak today. Meanwhile, at a later date, the US Treasury will kick off this week's three-year treasury bond sale game with 2-year treasury bonds.
● San Francisco Federal Reserve Bank President Mary Daly warned yesterday that the US labor market is nearing a turning point and that further deceleration would mean an increase in the unemployment rate.
● Both senior Federal Reserve officials Michelle Bowman and Lisa Cook are scheduled to speak today. Meanwhile, at a later date, the US Treasury will kick off this week's three-year treasury bond sale game with 2-year treasury bonds.
FRB Director Bowman is still not at the right stage to cut interest rates
● In a lecture on monetary policy, Fed Director Bowman stated that interest rate cuts cannot be expected in 2024, and there is a possibility that interest rate cuts will be postponed until 2025.
● He believes it is unlikely that supply chain improvements, immigration acceptance brought about by a rapid increase in labor supply, and other “low inflation” factors will continue. Meanwhile, geopolitics, fiscal stimulus, and monetary climate mitigation are further potential risks to inflation.
● In a lecture on monetary policy, Fed Director Bowman stated that interest rate cuts cannot be expected in 2024, and there is a possibility that interest rate cuts will be postponed until 2025.
● He believes it is unlikely that supply chain improvements, immigration acceptance brought about by a rapid increase in labor supply, and other “low inflation” factors will continue. Meanwhile, geopolitics, fiscal stimulus, and monetary climate mitigation are further potential risks to inflation.
US-April FHFA Housing Price Index, April S&P Core Logic CS20 Urban Housing Price Index
The April housing price index of the US Federal Housing Finance Administration (FHFA), which was announced at 10:00 p.m. on the 25th Japan time, fell below expectations and was +0.2% compared to the previous month. The April S&P Core Logic CS20 urban housing price index exceeded expectations and was +7.20% compared to the previous year.
The April housing price index of the US Federal Housing Finance Administration (FHFA), which was announced at 10:00 p.m. on the 25th Japan time, fell below expectations and was +0.2% compared to the previous month. The April S&P Core Logic CS20 urban housing price index exceeded expectations and was +7.20% compared to the previous year.
Overheated transactions cool down
● $NVIDIA(NVDA.US$ with $Bitcoin(BTC.CC$ The move reminds investors that the hottest deals on the market are far from one-way bets.
● It is the largest digital asset $Bitcoin(BTC.CC$ On Monday, the crypto market recorded its steepest decline since the beginning of the recovery in early last year, and investors are desperate for $60,000 to avoid further pain as the token's technical floor.
● Chris Weston, head of research at Pepperstone Group, said, “People are now understanding that momentum works both ways.”
● $NVIDIA(NVDA.US$ with $Bitcoin(BTC.CC$ The move reminds investors that the hottest deals on the market are far from one-way bets.
● It is the largest digital asset $Bitcoin(BTC.CC$ On Monday, the crypto market recorded its steepest decline since the beginning of the recovery in early last year, and investors are desperate for $60,000 to avoid further pain as the token's technical floor.
● Chris Weston, head of research at Pepperstone Group, said, “People are now understanding that momentum works both ways.”
Is Taiwan TSMC's stock price driven by the possibility of price hikes
Morningstar analyst Felix Lee wrote in a memo to investors that it is the world's largest semiconductor contract manufacturer $Taiwan Semiconductor(TSM.US$ Regarding, in addition to the possibility of price increases, it was stated that there is a high possibility that an increase in demand for artificial intelligence (AI) personal computers and data centers will underpin the company's stock price.
Morningstar analyst Felix Lee wrote in a memo to investors that it is the world's largest semiconductor contract manufacturer $Taiwan Semiconductor(TSM.US$ Regarding, in addition to the possibility of price increases, it was stated that there is a high possibility that an increase in demand for artificial intelligence (AI) personal computers and data centers will underpin the company's stock price.
Is Mr. Musk really misunderstood
Elon Musk is just being misunderstood. This is the essence of the message Musk brought to Cannes, France last week. In November last year, he said “damn it” to some advertisers, and launched such a message as part of efforts aimed at repairing relationships with advertisers.
Elon Musk is just being misunderstood. This is the essence of the message Musk brought to Cannes, France last week. In November last year, he said “damn it” to some advertisers, and launched such a message as part of efforts aimed at repairing relationships with advertisers.
Is the Euro crisis coming back?
● The multi-asset chief investment officer of Allianz Global Investors has warned government officials that since France's first general election is approaching this week, there is a risk that bond spreads will expand again if overseas investors are not reassured that the country's finances are sound.
● According to opinion polls, the far-right political party “National Assembly” led by Marine Le Pen is expanding its lead, and Gregor Hilt pointed out that there is also a tendency to worry that the current political turmoil will trigger a European debt crisis comparable to 10 years or more ago.
● The multi-asset chief investment officer of Allianz Global Investors has warned government officials that since France's first general election is approaching this week, there is a risk that bond spreads will expand again if overseas investors are not reassured that the country's finances are sound.
● According to opinion polls, the far-right political party “National Assembly” led by Marine Le Pen is expanding its lead, and Gregor Hilt pointed out that there is also a tendency to worry that the current political turmoil will trigger a European debt crisis comparable to 10 years or more ago.
— MooMoo News Zeber
Sources: Moomoo, Bloomberg, Dow Jones, Minkabu, Fisco
This article uses automatic translation for some of its parts
Sources: Moomoo, Bloomberg, Dow Jones, Minkabu, Fisco
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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