Outlook for the US market: Dollar index falls below 100. "It's time for rate cuts," said Fed Chairman Powell. Dow Jones Industrial Average starts with a $25 increase.
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Market Summary
US market opens, Dow Jones Industrial Average, consisting of high-quality stocks, starts at 41,200.84, up $25.76. The tech-heavy Nasdaq Composite Index starts at 17,867.85, down 9.94 points. The S&P 500 Index, which consists of stocks from 500 large US companies, starts at 5,639.66, up 5.05 points.
US market opens, Dow Jones Industrial Average, consisting of high-quality stocks, starts at 41,200.84, up $25.76. The tech-heavy Nasdaq Composite Index starts at 17,867.85, down 9.94 points. The S&P 500 Index, which consists of stocks from 500 large US companies, starts at 5,639.66, up 5.05 points.
Top News
Rate cut signal
Last week, Fed Chairman Powell's explicit mention of a rate cut next month further boosted bond prices (yield decline).
On Friday, Chairman Powell spoke at the annual symposium of the Federal Reserve Bank (FRB) in Jackson Hole, Wyoming, stating that 'the time has come' for the FRB to lower the benchmark interest rates from their 20-year high levels.
Traders expect a 25bp rate cut at the central bank's next policy decision in September, while also preparing for the possibility of a 50bp cut.
Last week, Fed Chairman Powell's explicit mention of a rate cut next month further boosted bond prices (yield decline).
On Friday, Chairman Powell spoke at the annual symposium of the Federal Reserve Bank (FRB) in Jackson Hole, Wyoming, stating that 'the time has come' for the FRB to lower the benchmark interest rates from their 20-year high levels.
Traders expect a 25bp rate cut at the central bank's next policy decision in September, while also preparing for the possibility of a 50bp cut.
Datacenter stocks are superior to major high-tech companies.
Giant tech companies are both welcome and unwelcome to datacenter owners. The tech giants are eager to expand datacenter space but have a strong demand for significant price discounts. This dynamic has long suppressed the rental growth of datacenter operators like Equinix, but the situation is changing.
Giant tech companies are both welcome and unwelcome to datacenter owners. The tech giants are eager to expand datacenter space but have a strong demand for significant price discounts. This dynamic has long suppressed the rental growth of datacenter operators like Equinix, but the situation is changing.
Meta stocks rise 50% year-to-date! Will they become the next Nvidia with 'MAG 7'? What's next?
The AI competition of the Magnificent Seven is continuing in 2024. However, judging from the performance of stock prices, it seems that the gap between these major tech giants is widening.
The AI competition of the Magnificent Seven is continuing in 2024. However, judging from the performance of stock prices, it seems that the gap between these major tech giants is widening.
Crude oil is rising.
● After the strike, crude oil rose, with the global benchmark Brent heading towards $80 per barrel and West Texas Intermediate exceeding $75.
● After the strike, crude oil rose, with the global benchmark Brent heading towards $80 per barrel and West Texas Intermediate exceeding $75.
● USA stock futures, $S&P 500 Index (.SPX.US)$ recorded a rise after two consecutive weeks of gains on Friday.
● Major government bond yields declined, and the US dollar remained resilient after recording its largest drop of the year.
● Major government bond yields declined, and the US dollar remained resilient after recording its largest drop of the year.
【Breaking News】US durable goods orders for July exceeded financial estimates
US durable goods orders for July: +9.9% (Estimate: +3.9%, June: -6.7%)
US durable goods orders for July: +9.9% (Estimate: +3.9%, June: -6.7%)
Alert to the Middle East.
- On Monday, the day after the Israeli military carried out a surprise attack on southern Lebanon, claiming it was a preemptive strike and destroyed thousands of Hezbollah missile launchers, the market traded cautiously.
- According to government sources, Israel's attack was based on information that Hezbollah was planning to launch thousands of missiles towards northern Israel.
- According to Israel, Hezbollah retaliated by launching more than 200 missiles, but the damage was minimal.
- On Monday, the day after the Israeli military carried out a surprise attack on southern Lebanon, claiming it was a preemptive strike and destroyed thousands of Hezbollah missile launchers, the market traded cautiously.
- According to government sources, Israel's attack was based on information that Hezbollah was planning to launch thousands of missiles towards northern Israel.
- According to Israel, Hezbollah retaliated by launching more than 200 missiles, but the damage was minimal.
- Moomoo News Zeber
Source: moomoo, Bloomberg, Dow Jones, Fisco
This article uses automatic translation in some parts.
Source: moomoo, Bloomberg, Dow Jones, Fisco
This article uses automatic translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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