Outlook for the USA market: Ahead of the employment statistics, the cooling of US labor market data has strengthened the observation of a 50 basis point rate cut in September. The dow inc starts 81 dollars higher.
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This is the forecast for tonight's New York stock market.![]()
Market Overview
The US market opened with the Dow Jones Industrial Average, which is composed of excellent stocks, rising $81.36 to 41,056.33, and the Nasdaq Composite Index, which has a high proportion of high-tech stocks, falling 21.06 points to 17,063.24. The S&P 500, which consists of 500 large-cap stocks in the US, rose 5,520.08 points to 5,520.08.
The US market opened with the Dow Jones Industrial Average, which is composed of excellent stocks, rising $81.36 to 41,056.33, and the Nasdaq Composite Index, which has a high proportion of high-tech stocks, falling 21.06 points to 17,063.24. The S&P 500, which consists of 500 large-cap stocks in the US, rose 5,520.08 points to 5,520.08.
Top News
Attention to Nvidia.
- $NVIDIA (NVDA.US)$ has announced that it has not been summoned by the Department of Justice as part of an antitrust investigation.
Due to this decline, traders are searching for charts to see when the pain will end.
Taiwan's major chip maker $Taiwan Semiconductor (TSM.US)$ denied concerns about the strength of AI demand influenced by the massive decline of Nvidia. This scenario will be tested again in the earnings reports announced after the market close.Ahead of the employment statistics $Broadcom (AVGO.US)$ earnings reportswill be tested again.
Related articles:【Financial Preview】Can Broadcom, the No.2 AI stock, become the next Nvidia?
- $NVIDIA (NVDA.US)$ has announced that it has not been summoned by the Department of Justice as part of an antitrust investigation.
Due to this decline, traders are searching for charts to see when the pain will end.
Taiwan's major chip maker $Taiwan Semiconductor (TSM.US)$ denied concerns about the strength of AI demand influenced by the massive decline of Nvidia. This scenario will be tested again in the earnings reports announced after the market close.Ahead of the employment statistics $Broadcom (AVGO.US)$ earnings reportswill be tested again.
Related articles:【Financial Preview】Can Broadcom, the No.2 AI stock, become the next Nvidia?
On the eve of the employment statistics
ADP and initial jobless claims are announced as a precursor, followed by the ISM Services sector announcement.
The Beige Book of the Federal Reserve Board (FRB) has shown that economic activity has been flat or declining in most regions over the past few weeks.
Traders are preparing to buy bets focused on the sharp rise of the Japanese yen over the next year, in anticipation of employment statistics and the speech by FRB officials scheduled for Friday.
Related articles:
[Indicator Flash Report] The number of non-farm payroll employees in the US ADP in August increased by 0.099 million, significantly lower than expected.
Breaking news: Last week's new unemployment insurance claims in the US were lower than financial estimates at 0.227 million.
ADP and initial jobless claims are announced as a precursor, followed by the ISM Services sector announcement.
The Beige Book of the Federal Reserve Board (FRB) has shown that economic activity has been flat or declining in most regions over the past few weeks.
Traders are preparing to buy bets focused on the sharp rise of the Japanese yen over the next year, in anticipation of employment statistics and the speech by FRB officials scheduled for Friday.
Related articles:
[Indicator Flash Report] The number of non-farm payroll employees in the US ADP in August increased by 0.099 million, significantly lower than expected.
Breaking news: Last week's new unemployment insurance claims in the US were lower than financial estimates at 0.227 million.
August's US employment statistics
Goldman Sachs pointed out that if the eagerly awaited employment statistics announced on Friday turn out weak, the stock market may head towards a correction.
Scott Rabnour, a colleague, stated that the last two weeks of September were historically the worst time for the S&P500, and the boost effect from share buybacks would also diminish.
John Outhsers stated that this week's employment statistics are a "unhealthy large event," and that there is a risk of excessively negative market positioning.
Related articles:[Preview] The US employment statistics for August are scheduled to be announced tomorrow night. Will it impact the pace of interest rate cuts?
Goldman Sachs pointed out that if the eagerly awaited employment statistics announced on Friday turn out weak, the stock market may head towards a correction.
Scott Rabnour, a colleague, stated that the last two weeks of September were historically the worst time for the S&P500, and the boost effect from share buybacks would also diminish.
John Outhsers stated that this week's employment statistics are a "unhealthy large event," and that there is a risk of excessively negative market positioning.
Related articles:[Preview] The US employment statistics for August are scheduled to be announced tomorrow night. Will it impact the pace of interest rate cuts?
Is Tesla finally experiencing good news? Can the stock price skyrocket again?
$Tesla (TSLA.US)$ Following the earnings report on July 23, the stock price of Dow Inc. fell by over 10%, but achieved an increase of over 25% in the past 3 months. Wall Street investors are waiting for new developments for tesla. The Q3 customer deliveries and earnings reports, as well as the "Robo-taxi" event, are scheduled to be announced in October. In addition, Tesla's humanoid robot, Optimus, will be showcased at the Shanghai INCLUSION conference held from September 5th to 7th.
$Tesla (TSLA.US)$ Following the earnings report on July 23, the stock price of Dow Inc. fell by over 10%, but achieved an increase of over 25% in the past 3 months. Wall Street investors are waiting for new developments for tesla. The Q3 customer deliveries and earnings reports, as well as the "Robo-taxi" event, are scheduled to be announced in October. In addition, Tesla's humanoid robot, Optimus, will be showcased at the Shanghai INCLUSION conference held from September 5th to 7th.
- moomoo News, Zeber
Source: moomoo, Bloomberg, Fisco
This article uses auto-translation partially.
Source: moomoo, Bloomberg, Fisco
This article uses auto-translation partially.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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