Outlook for the USA market: Tesla soared, nasdaq index started 107 points higher.
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Tonight's analysis of NY stocks.![]()
Market Overview
The USA market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $7.60 to 42522.55. The Nasdaq Composite Index, with a high proportion of technology stocks, started up 107.50 points to 18384.15. The S&P 500 Index, consisting of 500 of the largest US stocks, was up 20.38 points to 5817.80.
The USA market started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $7.60 to 42522.55. The Nasdaq Composite Index, with a high proportion of technology stocks, started up 107.50 points to 18384.15. The S&P 500 Index, consisting of 500 of the largest US stocks, was up 20.38 points to 5817.80.
Top News
Tesla Soars
● $Tesla (TSLA.US)$ Announcing the highest quarterly profit in over a year and a bright outlook, Tesla surged 11% in pre-market trading.
Related articles:Tesla's 'Cybertruck' turns profitable for the first time in the summary of financial results! How is the progress of AI & FSD? It surged 13% in after-hours trading on the back of good financial results.
Tesla Soars
● $Tesla (TSLA.US)$ Announcing the highest quarterly profit in over a year and a bright outlook, Tesla surged 11% in pre-market trading.
Related articles:Tesla's 'Cybertruck' turns profitable for the first time in the summary of financial results! How is the progress of AI & FSD? It surged 13% in after-hours trading on the back of good financial results.
Mask is promoting the self-driving taxi plan, causing the stock prices of Uber and Lyft to fall.
● $Tesla (TSLA.US)$ Elon Musk, CEO of Tesla, revealed plans to launch a self-driving internet taxi service in Texas and California during the earnings call.
●This plan still requires regulatory approval, but this news has already affected competing companies.
● $Tesla (TSLA.US)$ Elon Musk, CEO of Tesla, revealed plans to launch a self-driving internet taxi service in Texas and California during the earnings call.
●This plan still requires regulatory approval, but this news has already affected competing companies.
The softness of the US bond market has seen yields surge to 4.25%.
●With a high likelihood of a Republican landslide in the general election, market concerns about potential impacts on the economy, especially fiscal spending and tax cuts, have risen.
The term premium of long-term bonds in the United States has surged, indicating increasing investor concerns about the risks in the bond market.
The U.S. bond market has experienced its worst performance this year, with the yield on 10-year government bonds approaching 4.25%. On the other hand, the strong performance of the U.S. economy has led investors to reassess the Federal Reserve's rate cut path.
●With a high likelihood of a Republican landslide in the general election, market concerns about potential impacts on the economy, especially fiscal spending and tax cuts, have risen.
The term premium of long-term bonds in the United States has surged, indicating increasing investor concerns about the risks in the bond market.
The U.S. bond market has experienced its worst performance this year, with the yield on 10-year government bonds approaching 4.25%. On the other hand, the strong performance of the U.S. economy has led investors to reassess the Federal Reserve's rate cut path.
Bottoming out of luxury stocks
Despite weakening demand in the luxury goods market centered around China, investors have started betting on the stock prices of major European luxury goods companies hitting bottom.
Even though they announced a decline in profits for this year to the lowest level since 2016 and the failure of Gucci's recovery plan, their stock price rose by 2.9%. $KERING UNSPON ADR EA REPR 0.1 ORD EUR0.00 (PPRUY.US)$
● $LVMH Moet Hennessy Louis Vuitton (LVMUY.US)$ and $Hermes International SA (HESAY.US)$ The stock price of Hermes has also been rising recently, and due to its relatively affluent customer base, the performance is relatively strong.
Despite weakening demand in the luxury goods market centered around China, investors have started betting on the stock prices of major European luxury goods companies hitting bottom.
Even though they announced a decline in profits for this year to the lowest level since 2016 and the failure of Gucci's recovery plan, their stock price rose by 2.9%. $KERING UNSPON ADR EA REPR 0.1 ORD EUR0.00 (PPRUY.US)$
● $LVMH Moet Hennessy Louis Vuitton (LVMUY.US)$ and $Hermes International SA (HESAY.US)$ The stock price of Hermes has also been rising recently, and due to its relatively affluent customer base, the performance is relatively strong.
● Refusing a contract to raise wages for factory workers by 35% over 4 years has worsened the crisis for the aircraft manufacturer.
moomoo News Zeber
Source: moomoo, Bloomberg, FedWatch
This article utilizes auto-translation in some parts.
Source: moomoo, Bloomberg, FedWatch
This article utilizes auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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