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Outlook for the USA market: tesla temporarily dropped nearly 10%, dow inc started 53 points higher.

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moomooニュース米国株 wrote a column · Oct 11 08:35
Outlook for the USA market: tesla temporarily dropped nearly 10%, dow inc started 53 points higher.
Hello to all Moomoo users, good evening!This is the financial market trend for tonight's New York Stock Exchange.
Market Overview
米国市場スタート、優良株で構成するダウ工業株30種平均は53.41ドル高の42507.53ドル、ハイテク株比率が高いナスダック総合株価指数が64.32ポイント安の18217.73で始まった。米国大型株である500社の銘柄で構成するS&P500種平均は4.96ポイント安の5775.09。
Outlook for the USA market: tesla temporarily dropped nearly 10%, dow inc started 53 points higher.
Top news
米9月PPI、前月比0%上昇と予想下回る
The Producer Price Index (PPI) for wholesale prices announced by the US Department of Labor on the 11th rose 0% month-on-month in September, falling below the market expectation of a 0.1% increase. The previous period saw a 0.2% increase.
Energy prices fell by 2.7% month-on-month, while food prices rose by 1%.
The core PPI, excluding food and energy prices, rose by the expected 0.2%, compared to a 0.3% increase in the previous month.
US major bank earnings
The earnings season for major banks $JPMorgan (JPM.US)$ And $Wells Fargo & Co (WFC.US)$ kicks off today with the release of numbers.
Investors will analyze the impact of what has not been addressed in recent years (Federal Reserve interest rate cuts) and will be focusing on how bank earnings and interest margins will turn out.
Before that, US single stock futures and bonds fell, while the dollar remained largely unchanged.
Related articles:
List of major Japanese silver Q3 financial estimates! Amidst rate cuts and changes in regulatory policies, is it a mix of joy and sorrow?
【Earnings Report】JPMorgan, up over 2% after hours with a 7% increase in revenue to 42.6 billion dollars and a 2% decrease in net profit to 12.8 billion dollars.
Path of the Federal Reserve Board (FRB)
The US Consumer Price Index (CPI) released yesterday exceeded expectations, with three senior officials of the Federal Reserve Board (FRB) showing no concern, hinting at the possibility of the FRB continuing rate cuts.
However, in an unusual move, Raphael Bostic stated that if the data supports it, there is no issue at all in "skipping a meeting" and pausing easing.
Today, the FRB's Austan Goolsbee, Lorie Logan, and Michelle Bowman are scheduled to speak.
Related article: GrCharles Evans, President of the Chicago Federal Reserve, said that inflation is cooling down, and the labor market remains strong.
Data as of 2024.10.11
Data as of 2024.10.11
Robot Taxis Debut
$Tesla (TSLA.US)$ has unveiled the long-awaited prototype of a robot taxi. The taxi, named CyberCab, is expected to start production in 2026 with a vehicle price of around $30,000.
Elon Musk, CEO of Tesla, also unveiled a futuristic-looking Robovan Concept capable of carrying up to 20 people at an event in Burbank, California. He also showcased the latest version of the humanoid robot 'Optimus'.
Related articles:
Tesla's 'RoboTaxi', market disappointment, 7% lower in pre-market trading.
Tesla announces the production start of self-driving 'Robo-Taxi' by 2026.
Expectations for economic stimulus measures
Attention will be focused on expectations that China will implement a new fiscal stimulus package of 283 billion dollars over the weekend to boost the economy.
The announcement by the finance minister is scheduled, providing clues on where China will provide support after years of economic expansion due to debt, especially in real estate and infrastructure.
Mr. Degraff of Renaissance Macro sees potential for Chinese stocks to rise another 50%.
moomoo News Zeber
Source: moomoo, Bloomberg, CME Fedwatch
This article uses auto-translation in part.
Outlook for the USA market: tesla temporarily dropped nearly 10%, dow inc started 53 points higher.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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