US Market Outlook: NVIDIA Rises Today, Dow Average Starts $18 Higher
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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 18.07 dollars to 38825.40 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 16.97 points to 17204.87. The S&P 500 average, which consists of stocks of 500 major US companies, is 3.77 points higher to 5357.80.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 18.07 dollars to 38825.40 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 16.97 points to 17204.87. The S&P 500 average, which consists of stocks of 500 major US companies, is 3.77 points higher to 5357.80.
Top news
There is a possibility that the “mania” in the US stock market will continue
● According to the Goldman Sachs trading desk, it seems that the stock price feast is still going on.
● Funds from passive stock allocations will flow into the stock market in early July, and the rise is expected to continue until early summer.
● Furthermore, stock prices will benefit from strong seasonal trends and increased investment motivation from individual investors.
● According to the Goldman Sachs trading desk, it seems that the stock price feast is still going on.
● Funds from passive stock allocations will flow into the stock market in early July, and the rise is expected to continue until early summer.
● Furthermore, stock prices will benefit from strong seasonal trends and increased investment motivation from individual investors.
The US job market may not be as strong as expected by the Federal Reserve
● According to data released by the US Department of Labor on the 2nd, the US increased the number of people employed in the non-farm sector by about 250,000 people per month last year, but according to another quarterly employment wage census (QCEW) data covering 95% or more of US employment, there is a possibility that the average monthly increase in US employment last year fell below the number of people employed in the non-farm sector by about 60,000 people.
● Regarding this point, Barry Knapp, founder of Ironside Macroeconomics, argued that monthly corporate employment surveys are likely to overestimate labor market conditions, and that the job market is actually weaker than the Fed's forecast.
● According to data released by the US Department of Labor on the 2nd, the US increased the number of people employed in the non-farm sector by about 250,000 people per month last year, but according to another quarterly employment wage census (QCEW) data covering 95% or more of US employment, there is a possibility that the average monthly increase in US employment last year fell below the number of people employed in the non-farm sector by about 60,000 people.
● Regarding this point, Barry Knapp, founder of Ironside Macroeconomics, argued that monthly corporate employment surveys are likely to overestimate labor market conditions, and that the job market is actually weaker than the Fed's forecast.
NVIDIA surpasses Apple in 2nd place in the world! Did the stock price exceed 1500 dollars before the split?!
● Wednesday (5th), US Eastern Time, “The King of AI” $NVIDIA(NVDA.US$ rose 5.16% and hit a record high again at $1224.40.
● If NVIDIA's total market value breaks through 1 trillion dollars for the first time as a semiconductor company in 2023/5,It went from $2 trillion to $3 trillion in just about 3 monthsI did it. NVIDIA also has a total market valueThe third company in history to break through the 3 trillion dollar barrierIt became.
● Wednesday (5th), US Eastern Time, “The King of AI” $NVIDIA(NVDA.US$ rose 5.16% and hit a record high again at $1224.40.
● If NVIDIA's total market value breaks through 1 trillion dollars for the first time as a semiconductor company in 2023/5,It went from $2 trillion to $3 trillion in just about 3 monthsI did it. NVIDIA also has a total market valueThe third company in history to break through the 3 trillion dollar barrierIt became.
Copper terminal consumption remains solid, and long-term upward trend is maintained = city
● Citi anticipates that copper prices will rise 20% from current levels over the next 12 to 18 months and recover to 12,000 US dollars per ton as the Fed's interest rate cut cycle begins and the impact of China's support policy is fully demonstrated.
● Citi sees copper prices below $9,500 per ton as a more attractive level for medium term purchases.
● Citi anticipates that copper prices will rise 20% from current levels over the next 12 to 18 months and recover to 12,000 US dollars per ton as the Fed's interest rate cut cycle begins and the impact of China's support policy is fully demonstrated.
● Citi sees copper prices below $9,500 per ton as a more attractive level for medium term purchases.
[Market Voice] Gold prices will rise if US employment statistics are unexpectedly weak
Deviya Gagrani, senior research analyst at Axis Securities, expressed the view that if the number of workers in the US non-farm sector to be announced on the 7th is unexpectedly weak, the hawkish tone of the US Federal Reserve (Fed) will change, and there is a possibility that gold prices will rise.
Deviya Gagrani, senior research analyst at Axis Securities, expressed the view that if the number of workers in the US non-farm sector to be announced on the 7th is unexpectedly weak, the hawkish tone of the US Federal Reserve (Fed) will change, and there is a possibility that gold prices will rise.
[Breaking News] The number of new unemployment insurance claims in the US last week exceeded expectations by 229,000
Number of new unemployment insurance claims in the US last week: 229,000 (forecast: 220,000, previous: 219,000)
Number of new unemployment insurance claims in the US last week: 229,000 (forecast: 220,000, previous: 219,000)
The ECB is determined to cut interest rates
● The European Central Bank (ECB) is convinced that inflation has been sufficiently controlled and the burden on the economy has been reduced, and is preparing to begin cutting interest rates from record highs.
● Meanwhile, it is uncertain how the ECB will move in the future, and cautious views are intensifying in response to data showing economic growth, inflation, and wage increases that exceed expectations.
● The European Central Bank (ECB) is convinced that inflation has been sufficiently controlled and the burden on the economy has been reduced, and is preparing to begin cutting interest rates from record highs.
● Meanwhile, it is uncertain how the ECB will move in the future, and cautious views are intensifying in response to data showing economic growth, inflation, and wage increases that exceed expectations.
— MooMoo News Zeber
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: Dow Jones, 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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