Outlook for the USA market: The dollar index is set to fall below 100, with Federal Reserve Chairman Powell stating, "It's time for a rate cut," while the Dow is up 25 points at the start.
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Here is the NY stock market outlook for tonight.![]()
Market Overview
The U.S. market started with the Dow Jones Industrial Average, composed of high-quality stocks, up 25.76 points to 41,200.84, while the Nasdaq Composite Index, with a high proportion of tech stocks, started down 9.94 points at 17,867.85. The S&P500 index, which consists of 500 of the largest U.S. stocks, rose 5.05 points to 5,639.66.
The U.S. market started with the Dow Jones Industrial Average, composed of high-quality stocks, up 25.76 points to 41,200.84, while the Nasdaq Composite Index, with a high proportion of tech stocks, started down 9.94 points at 17,867.85. The S&P500 index, which consists of 500 of the largest U.S. stocks, rose 5.05 points to 5,639.66.
Top news
Rate cut signal.
Last week, Federal Reserve Board (FRB) Chairman Powell's explicit mention of a rate cut next month further boosted bond prices (yields fell).
Chairman Powell spoke on Friday at the annual FRB symposium in Jackson Hole, Wyoming, expressing that it was time for the FRB to lower the benchmark interest rate from the highest levels in 20 years.
Traders anticipate a 25 basis point cut at the central bank's next policy meeting in September, and are prepared for the possibility of a 50 basis point cut.
Last week, Federal Reserve Board (FRB) Chairman Powell's explicit mention of a rate cut next month further boosted bond prices (yields fell).
Chairman Powell spoke on Friday at the annual FRB symposium in Jackson Hole, Wyoming, expressing that it was time for the FRB to lower the benchmark interest rate from the highest levels in 20 years.
Traders anticipate a 25 basis point cut at the central bank's next policy meeting in September, and are prepared for the possibility of a 50 basis point cut.
Datacenter stocks have an advantage over major tech companies.
Giant tech companies can be both a blessing and a curse for data center owners. While tech giants are eager to expand data center space, they demand aggressive price cuts, creating tough negotiations. This dynamic has suppressed the rental growth of stocks like datacenter operator Equinix for a long time, but the situation is changing.
Giant tech companies can be both a blessing and a curse for data center owners. While tech giants are eager to expand data center space, they demand aggressive price cuts, creating tough negotiations. This dynamic has suppressed the rental growth of stocks like datacenter operator Equinix for a long time, but the situation is changing.
Meta stocks have risen 50% year-to-date! Becoming the next in line after Nvidia in the Magnificent 7. What will happen next?
The AI competition of the Magnificent Seven continues into 2024. However, judging from stock performance, the gap between these tech giants seems to be widening.
The AI competition of the Magnificent Seven continues into 2024. However, judging from stock performance, the gap between these tech giants seems to be widening.
Crude oil is rising.
After the strike, crude oil is on the rise, with the global benchmark Brent heading towards $80 per barrel, and West Texas Intermediate surpassing $75.
After the strike, crude oil is on the rise, with the global benchmark Brent heading towards $80 per barrel, and West Texas Intermediate surpassing $75.
USA single stock futures. $S&P 500 Index (.SPX.US)$ After marking a second consecutive week of gains on Friday, US single stock futures turned upward.
The yields on government bonds have declined in major countries, and the US dollar, after recording its largest drop of the year, stabilized at the bottom.
The yields on government bonds have declined in major countries, and the US dollar, after recording its largest drop of the year, stabilized at the bottom.
【Flash News】 US July durable goods orders preliminary value exceeded expectations.
US July durable goods orders preliminary value: +9.9% month-on-month (forecast: +3.9%, June: -6.7%).
US July durable goods orders preliminary value: +9.9% month-on-month (forecast: +3.9%, June: -6.7%).
Caution towards the Middle East.
Israeli military's 100 aircraft swiftly raided southern Lebanon, destroying thousands of Hezbollah missile launchers under the pretext of a preemptive strike on the following Monday, leading to cautious trading in the market.
According to government officials, Israel's attack was based on information that Hezbollah was preparing to launch thousands of missiles towards northern Israel.
According to Israel, Hezbollah retaliated by firing more than 200 missiles, but the damage was minimal.
Israeli military's 100 aircraft swiftly raided southern Lebanon, destroying thousands of Hezbollah missile launchers under the pretext of a preemptive strike on the following Monday, leading to cautious trading in the market.
According to government officials, Israel's attack was based on information that Hezbollah was preparing to launch thousands of missiles towards northern Israel.
According to Israel, Hezbollah retaliated by firing more than 200 missiles, but the damage was minimal.
- moomoo News Zeber
Source: moomoo, Bloomberg, Dow Jones, Fisco
This article uses auto-translation in some parts.
Source: moomoo, Bloomberg, Dow Jones, Fisco
This article uses auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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