Outlook for the US market: Tesla rebounds, Nvidia as well. Last Friday, the bitcoin ETF recorded its largest ever outflow of funds.
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This is the forecast for tonight's New York stock market.![]()
Market Overview
The US market started with the Dow Jones Industrial Average, composed of high-quality stocks, rising by $209.70 to $40,555.11, and the Nasdaq Composite Index, with a high proportion of technology stocks, starting at 16835.67, up 144.84 points. The S&P 500 Index, which consists of 500 large-cap stocks in the US, rose by 33.65 points to 5442.07.
The US market started with the Dow Jones Industrial Average, composed of high-quality stocks, rising by $209.70 to $40,555.11, and the Nasdaq Composite Index, with a high proportion of technology stocks, starting at 16835.67, up 144.84 points. The S&P 500 Index, which consists of 500 large-cap stocks in the US, rose by 33.65 points to 5442.07.
Top News
The future of inflation
- As traders focus on the inflation figures scheduled for Wednesday, US stock futures are suggesting a partial recovery. After Friday's employment statistics slowed more than expected, stock prices had their worst week since March 2023.
- Economists expect a moderate rise in US consumer prices in August, which is expected to further support a minimum 25% bp rate cut by the Federal Reserve Board (FRB) at the end of this month.
- 'A very important question for stock investors is whether the FRB waited too long to cut rates. The risk of a recession has increased in just the past two months, and suddenly inflation is no longer a major concern,' said Eric Diton, President and Managing Director of Wealth Alliance.
Related articles:The number of non-farm payroll employees in the US in August increased by 0.142 million, which was lower than expected. New York Fed President Williams said the interest rate cut was 'appropriate'.
- As traders focus on the inflation figures scheduled for Wednesday, US stock futures are suggesting a partial recovery. After Friday's employment statistics slowed more than expected, stock prices had their worst week since March 2023.
- Economists expect a moderate rise in US consumer prices in August, which is expected to further support a minimum 25% bp rate cut by the Federal Reserve Board (FRB) at the end of this month.
- 'A very important question for stock investors is whether the FRB waited too long to cut rates. The risk of a recession has increased in just the past two months, and suddenly inflation is no longer a major concern,' said Eric Diton, President and Managing Director of Wealth Alliance.
Related articles:The number of non-farm payroll employees in the US in August increased by 0.142 million, which was lower than expected. New York Fed President Williams said the interest rate cut was 'appropriate'.
Outflow of Bitcoin
- Since its listing at the beginning of the year, US Bitcoin ETFs have recorded the largest daily net outflow. According to data compiled by Bloomberg, investors withdrew nearly $1.2 billion from 12 ETFs over an 8-day period until September 6th.
However, Bitcoin rose along with other risky assets on Monday. Caroline Mauron, co-founder of Orbit Markets, said that Bitcoin is expected to trade in the range of $53,000 to $57,000 until Wednesday's US inflation data.
- Since its listing at the beginning of the year, US Bitcoin ETFs have recorded the largest daily net outflow. According to data compiled by Bloomberg, investors withdrew nearly $1.2 billion from 12 ETFs over an 8-day period until September 6th.
However, Bitcoin rose along with other risky assets on Monday. Caroline Mauron, co-founder of Orbit Markets, said that Bitcoin is expected to trade in the range of $53,000 to $57,000 until Wednesday's US inflation data.
Apple event
● $Apple (AAPL.US)$ Investors are gearing up for the most important event of the year, which will take place on Monday with the announcement of the latest iPhone and the introduction of a new artificial intelligence platform.
The event will start at 10 a.m. local time from Apple headquarters in Cupertino, California. The most significant product announcement will be the iPhone 16 lineup, but the company is also preparing major updates for Apple Watch and AirPods headphones.
Additionally, there will be a significant focus on new AI tools called "Apple Intelligence", which includes updates to the digital assistant "Siri".
Related articles:
iPhone 16 is coming soon! Is it a good time to buy Apple stocks?
The ripple effect of the new Apple product! What is the fate of the supply chain, the hidden star?
● $Apple (AAPL.US)$ Investors are gearing up for the most important event of the year, which will take place on Monday with the announcement of the latest iPhone and the introduction of a new artificial intelligence platform.
The event will start at 10 a.m. local time from Apple headquarters in Cupertino, California. The most significant product announcement will be the iPhone 16 lineup, but the company is also preparing major updates for Apple Watch and AirPods headphones.
Additionally, there will be a significant focus on new AI tools called "Apple Intelligence", which includes updates to the digital assistant "Siri".
Related articles:
iPhone 16 is coming soon! Is it a good time to buy Apple stocks?
The ripple effect of the new Apple product! What is the fate of the supply chain, the hidden star?
The antitrust lawsuit by the US Department of Justice against Google's advertising business is scheduled to start on September 9, 2024.
-The antitrust lawsuit by the US Department of Justice against Google's advertising business is scheduled to start on Monday, September 9th, Eastern Standard Time. The Department of Justice (DOJ) has accused Google of monopolizing the digital advertising market and harming advertisers and content creators. This antitrust trial has the potential to impact the future of online advertising. $Alphabet-C (GOOG.US)$ -The Department of Justice alleges that Google has used its monopolistic position to unreasonably raise prices that customers pay to display ads, thus squeezing the revenue of website creators. On the other hand, Google argues that there are many choices for buyers and sellers of ads, and customers often use a combination of various advertising platforms. Google claims that the Department of Justice's assertions would hinder innovation, increase advertising costs, and make it difficult for thousands of small and medium-sized businesses and publishers to thrive.
-If the Department of Justice wins, it is likely that Google will be required to separate from at least the Google Ad Manager (GAM), and Google may also face damages lawsuits from advertisers. According to Mr. Damo, given Google's monopolistic position in the internet search and advertising sector, the Department of Justice is primarily concerned with three issues: competitiveness, the dominance of data scale, and resolution of anti-competitive pricing.
-The timing of the Federal Reserve's interest rate cut is extremely important for the bond market, and investors are discussing how far the Federal Reserve can go.
-The antitrust lawsuit by the US Department of Justice against Google's advertising business is scheduled to start on Monday, September 9th, Eastern Standard Time. The Department of Justice (DOJ) has accused Google of monopolizing the digital advertising market and harming advertisers and content creators. This antitrust trial has the potential to impact the future of online advertising. $Alphabet-C (GOOG.US)$ -The Department of Justice alleges that Google has used its monopolistic position to unreasonably raise prices that customers pay to display ads, thus squeezing the revenue of website creators. On the other hand, Google argues that there are many choices for buyers and sellers of ads, and customers often use a combination of various advertising platforms. Google claims that the Department of Justice's assertions would hinder innovation, increase advertising costs, and make it difficult for thousands of small and medium-sized businesses and publishers to thrive.
-If the Department of Justice wins, it is likely that Google will be required to separate from at least the Google Ad Manager (GAM), and Google may also face damages lawsuits from advertisers. According to Mr. Damo, given Google's monopolistic position in the internet search and advertising sector, the Department of Justice is primarily concerned with three issues: competitiveness, the dominance of data scale, and resolution of anti-competitive pricing.
-The timing of the Federal Reserve's interest rate cut is extremely important for the bond market, and investors are discussing how far the Federal Reserve can go.
Bond market discussion
-The timing of the Federal Reserve's interest rate cut is extremely important for the bond market, and investors are discussing how far the Federal Reserve can go.
Jamie Patton of TCW Group is convinced that even the swift easing currently priced in the financial markets is not enough.
On the other hand, Bob Michele of JP Morgan Asset Management believes that the bond market has already priced in the Federal Reserve too much, even as the economy remains strong. As a result, he prefers corporate bonds with higher dividends over government bonds.
-The timing of the Federal Reserve's interest rate cut is extremely important for the bond market, and investors are discussing how far the Federal Reserve can go.
Jamie Patton of TCW Group is convinced that even the swift easing currently priced in the financial markets is not enough.
On the other hand, Bob Michele of JP Morgan Asset Management believes that the bond market has already priced in the Federal Reserve too much, even as the economy remains strong. As a result, he prefers corporate bonds with higher dividends over government bonds.
Palantir is significantly higher after hours and is included in the S&P 500.
$S&P 500 Index (.SPX.US)$ announced last Friday that it will add to the S&P 500 Index. The changes are scheduled to take effect before the start of trading on September 23. $Palantir (PLTR.US)$ US stocks had a turbulent start in September. Will there be even more turbulence with a 0.5% rate cut? Check out the 9 stocks that hit new highs in what looks like a total collapse of the US stock market.
$S&P 500 Index (.SPX.US)$ announced last Friday that it will add to the S&P 500 Index. The changes are scheduled to take effect before the start of trading on September 23. $Palantir (PLTR.US)$ US stocks had a turbulent start in September. Will there be even more turbulence with a 0.5% rate cut? Check out the 9 stocks that hit new highs in what looks like a total collapse of the US stock market.
Even with the collapse of US stocks, 9 stocks shine with a high price update! Will there be even more attention if there is a further decline after the 0.5% rate cut?
The weather is good today. The weather is good today.
The weather is good today. The weather is good today.
- moomoo News, Zeber
Source: moomoo, Bloomberg
This article uses auto-translation partially.
Source: moomoo, Bloomberg
This article uses auto-translation partially.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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