US market outlook: Tesla plummeted by over 10% at one point, NVIDIA continued to fall, and the Nasdaq Composite Stock Price Index started 263 points lower
Good evening to all Moomoo users!![]()
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 at 40210.63 dollars with a depreciation of 147.46 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 263.44 points at 17733.91. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, depreciated by 49.90 points to 5505.84.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 40210.63 dollars with a depreciation of 147.46 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 263.44 points at 17733.91. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, depreciated by 49.90 points to 5505.84.
Top news
Tesla plummets
● $Tesla(TSLA.US$Following the disappointing financial results of, Europe's $LVMH Moet Hennessy Louis Vuitton(LVMUY.US$Deutsche Bank released a lackluster report, $NASDAQ 100 Index(.NDX.US$ Stock price futures were sluggish, mainly.
● Tesla stock recorded profits that fell below expectations, and since the announcement of the expected autonomous robot taxi was postponed, it temporarily fell by over 8% due to pre-market transactions.
●Related articles:[Financial Summary] Tesla's decline outside of time to receive financial results What are future highlights?、[Column] Mr. Musk and Mr. Trump, the downfall of EVs
● $Tesla(TSLA.US$Following the disappointing financial results of, Europe's $LVMH Moet Hennessy Louis Vuitton(LVMUY.US$Deutsche Bank released a lackluster report, $NASDAQ 100 Index(.NDX.US$ Stock price futures were sluggish, mainly.
● Tesla stock recorded profits that fell below expectations, and since the announcement of the expected autonomous robot taxi was postponed, it temporarily fell by over 8% due to pre-market transactions.
●Related articles:[Financial Summary] Tesla's decline outside of time to receive financial results What are future highlights?、[Column] Mr. Musk and Mr. Trump, the downfall of EVs
Alphabet AI
● Another company called “Magnificent Seven” is Google's parent company $Alphabet-C(GOOG.US$The company's second-quarter revenue surpassed analysts' expectations, thanks to strong demand for cloud computing services and search engine advertising.
● However, since some investors are spending billions of dollars on AI, there are also those seeking clear evidence of its return on investment. Stock prices fluctuated due to extended transactions after settlement, and fell in pre-market transactions.
●Related articles:[Financial Summary] Google is doing well in advertising, and the cloud business is growing 29%!
● Another company called “Magnificent Seven” is Google's parent company $Alphabet-C(GOOG.US$The company's second-quarter revenue surpassed analysts' expectations, thanks to strong demand for cloud computing services and search engine advertising.
● However, since some investors are spending billions of dollars on AI, there are also those seeking clear evidence of its return on investment. Stock prices fluctuated due to extended transactions after settlement, and fell in pre-market transactions.
●Related articles:[Financial Summary] Google is doing well in advertising, and the cloud business is growing 29%!
Recent trends support more aggressive interest rate cuts by the Fed, and there is a possibility that the dollar will weaken in the second half of the year = Mitsubishi UFJ
● Recent developments are more aggressive by the US Federal Reserve (Fed)Support interest rate cutsAs a result, Mitsubishi UFJ analysts pointed out that there is a possibility that the depreciation of the dollar will progress in the latter half of 2024.
● The bank's analyst stated in the report that the sharp drop in the June inflation rate announced in the US is the strongest evidence so far showing that inflation is slowing down, and should encourage the Fed to show confidence that it can reach its inflation target at the 7/31 meeting.
● Also, sluggish inflation data was announced in the US next month, indicating that there is a possibility that the Fed will cut interest rates in September.
● Recent developments are more aggressive by the US Federal Reserve (Fed)Support interest rate cutsAs a result, Mitsubishi UFJ analysts pointed out that there is a possibility that the depreciation of the dollar will progress in the latter half of 2024.
● The bank's analyst stated in the report that the sharp drop in the June inflation rate announced in the US is the strongest evidence so far showing that inflation is slowing down, and should encourage the Fed to show confidence that it can reach its inflation target at the 7/31 meeting.
● Also, sluggish inflation data was announced in the US next month, indicating that there is a possibility that the Fed will cut interest rates in September.
Bug updates
● Cybersecurity companies in the midst of large-scale IT failures around the world, $CrowdStrike(CRWD.US$It was announced that last week's meltdown was caused by a bug in the safety mechanism, and flawed data was leaked to customers due to a failed update.
● The company is trying to summarize a series of events that led to large-scale IT failures that the world has never experienced before, and said it will improve testing of updates.
● Cybersecurity companies in the midst of large-scale IT failures around the world, $CrowdStrike(CRWD.US$It was announced that last week's meltdown was caused by a bug in the safety mechanism, and flawed data was leaked to customers due to a failed update.
● The company is trying to summarize a series of events that led to large-scale IT failures that the world has never experienced before, and said it will improve testing of updates.
llama is expected to become a new standard for open source AI, and version 3.1 is an important turning point = Zuckerberg
● $Meta Platforms(META.US$Mark Zuckerberg, founder and CEO of, stated in an interview with tech media Rowan Cheung that open source benefits everyone and is an important force driving AI development in order to make development safer and more reliable, and said that the release of Llama 3.1 will drive this trend.
● It also revealed the latest progress of Llama 4 and expressed negative views on Apple's closed ecosystem.
● $Meta Platforms(META.US$Mark Zuckerberg, founder and CEO of, stated in an interview with tech media Rowan Cheung that open source benefits everyone and is an important force driving AI development in order to make development safer and more reliable, and said that the release of Llama 3.1 will drive this trend.
● It also revealed the latest progress of Llama 4 and expressed negative views on Apple's closed ecosystem.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
