Outlook for the USA market: Significant increase in US private employment, the Dow Jones Industrial Average starts 30 points lower.

moomooニュース米国株 wrote a column · Apr 3, 2024 08:34

Outlook for the USA market: Significant increase in US private employment, the Dow Jones Industrial Average starts 30 points lower.

Hello, Moomoo users!Tonight's read on NY stocks.

Market Overview
Starting in the US market, the Dow Jones Industrial Average, consisting of high-quality stocks, opened 30.65 points lower at 39139.59, while the Nasdaq Composite Stock Price Index, with a high-tech stock ratio, started 61.65 points lower at 16178.80. The S&P500 Average, consisting of 500 large-cap US stocks, started 11.44 points lower at 5194.37.

$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$

Top news of individual stocks
【Indicator Flash Report】US ADP non-farm payroll employment, a significant increase of 0.184 million people in March, far exceeding expectations.
The corporate payroll calculation service provided by Automatic Data Processing (ADP) has announced theMarch National Employment ReportAccording toNon-farm payroll employmentisIncreased by 0.184 million people.、Market expectations increased by 0.148 million people.Contrary to the expectations of slowing growth since February, it marked the largest increase since July last year. The previous periodUpside revision from 0.14 million people to 0.155 million people. Overall employment growth suggested strong labor demand. Average wages of workers who continued to work in the same workplace rose by 5.1% compared to the previous month. It showed the same growth as in February. Meanwhile, the average wages of job changers soared by 10%.Increased. Overall employment growth suggested strong labor demand. Average wages of workers who continued to work in the same workplace rose by 5.1% compared to the previous month. It showed the same growth as in February. Meanwhile, the average wages of job changers soared by 10%.

PIMCO's bond investment strategy expects the rate cut by the Fed to be smaller than other major central banks.
Andrew Balls, Chief Investment Officer for Global Bonds at Pacific Investment Management (PIMCO), believes that the rate cuts expected to be implemented by the Federal Reserve over the next 2 to 3 years will remain smaller than those of other major central banks, presenting a favorable opportunity for bond trading.

Federal Reserve delays global financial rules focusing on climate change, causing tensions with the European Central Bank.
US regulatory authorities, led by the Federal Reserve Board (FRB), are putting a hold on the movement to prioritize climate change risks in global financial regulations, as revealed by informed sources.

Oldest hedge fund strategy may be making a comeback with net fund inflows after 2 years due to performance improvement.
Funds flowed into long-short strategy hedge funds for the first time in 2 years, as the improved performance revived popularity. According to data provider Nasdaq eBest Investment, long-short strategy hedge funds saw a net inflow of $1.5 billion (about 230 billion yen) in March, marking a net inflow after 24 months.

What is the scenario for the recovery of Tesla's 1Q customer deliveries and financial estimates compared to NVIDIA?
$Tesla (TSLA.US)$ Following the announcement of the 1st quarter (1Q) customer deliveries on April 2nd by tesla, the stock price plummeted. However, Tesla's stock price performance recorded the third-largest decline on a quarterly basis in the first quarter of this year. The stock price has been factoring in slowing sales, which was shown to be inadequate.

Source: Nikkei, Bloomberg, Reuters, Dow Jones, Traders Web
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