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US market outlook: the Dow average starts at $14, with no sense of caution against high prices or a downward atmosphere

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moomooニュース米国株 wrote a column · Feb 12 08:32
US market outlook: the Dow average starts at $14, with no sense of caution against high prices or a downward atmosphere
Good evening to all moomoo users!This is tonight's reading of NY stocks.

Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38656.76 dollars with a depreciation of 14.93 dollars, and the Nasdaq Comprehensive Stock Price Index, which has a high high-tech stock ratio, fell 10.04 points at 15980.62. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, is 0.22 points higher at 5026.83.
US market outlook: the Dow average starts at $14, with no sense of caution against high prices or a downward atmosphere
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$

Top news
Will we move towards a situation where it is easy for the FRB to accept interest rate cuts - January US CPI
In the US Consumer Price Index (CPI) for January to be announced on the 13th, it is expected that inflation will continue to slow down, and if that becomes a reality, observations will emerge that an environment where interest rate cuts will be even easier for the US financial authorities to accept interest rate cuts in the next few months.

The S&P 500, which broke through the big market, is also dangerous due to poor market spread
$S&P 500 Index (.SPX.US)$ As the high is updated every day, the number of stocks participating in the rise is decreasing, and concerns have emerged that there is a possibility that the rise will reverse if the market leader stumbles.

The tightening of the FRB is the economist's most critical view in the past 13 years
Economists are beginning to think that the US monetary authorities have tightened their policies slightly too much. According to a survey announced by the American Association of Business Economists (NABE) on the 12th, 21% of respondents think that the current policy stance of the US financial authorities is “too suppressive,” which is a high level since 2011.

Wall Street is also an unexpectedly good scenario - profit forecasts, upward revisions one after another
At the stage where two-thirds of the fiscal season is over, US corporate performance has steadily exceeded expectations, and Wall Street is revising profit forecasts upward on a weekly basis. On the US stock market on the 9th $S&P 500 Index (.SPX.US)$ It surpassed the 5,000 mark for the first time in closing price.

Bond traders succumb to FRB, interest rate cut expectations recede - situation completely reversed from the end of last year
US bond traders are finally listening to one of the market's oldest lessons. It means don't go against the US financial authorities.

Each country should build its own AI infrastructure = NVIDIA CEO
US semiconductor giant NVIDIA $NVIDIA (NVDA.US)$ Chief Executive Officer Jenson Huang (CEO) of artificial intelligence (AI) expressed the idea that in order to utilize economic potential while protecting culture, every country needs to have its own infrastructure on the 12th.

Five US tech companies increase net profit by 50% AI will influence future results
The performance of major US tech companies is expanding. When the financial results for the fiscal year ending 2023/10-12 of the five major companies, such as Microsoft and Apple, were added up 12% from the same period last year, sales were 477.9 billion dollars (about 70 trillion yen), and net profit increased 56% to 101.1 billion dollars. Cost control through personnel reductions contributed. The contribution of generative AI (artificial intelligence), which is attracting attention, to earnings is halfway.

— MooMoo News Zeber
Distributor: Bloomberg, MINKABU, Nihon Keizai Shimbun, Dow Jones, Reuters
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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