US market outlook: the number of ADP non-farm payrolls in the US in May, the Dow average, which is lower than market expectations, started at a high of 63 dollars
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 63.53 dollars to 38774.82 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16974.48, which is 117.43 points higher. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 23.14 points to 5314.48.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 63.53 dollars to 38774.82 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16974.48, which is 117.43 points higher. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 23.14 points to 5314.48.
Top news
[Index Bulletin] The number of people employed in the US ADP non-farm sector fell short of expectations with an increase of 152,000 in May
● Automatic data processing for enterprise payroll services (ADP) announcedUS employment report for MayAccording toNumber of people employed in the non-farm sectorIsAn increase of 152,000 people、The market forecast increased by 173,000 people.
●Employment growth was sluggish in May due to a sharp decline in manufacturing. Employment in the leisure and hospitality industries was also sluggish.
● Automatic data processing for enterprise payroll services (ADP) announcedUS employment report for MayAccording toNumber of people employed in the non-farm sectorIsAn increase of 152,000 people、The market forecast increased by 173,000 people.
●Employment growth was sluggish in May due to a sharp decline in manufacturing. Employment in the leisure and hospitality industries was also sluggish.
The labor market is getting worse = Goldman Sachs traders
● According to current swap market data, traders are expecting an initial 25 basis point rate cut by the Federal Reserve from December to November.
● On Wednesday, Goldman Sachs trader Cosimo Codacci-Pisanelli pointed out in his latest report that the possibility that the Fed will cut interest rates in the near future is more likely to be brought about by the US labor market than sluggish inflation.
● According to current swap market data, traders are expecting an initial 25 basis point rate cut by the Federal Reserve from December to November.
● On Wednesday, Goldman Sachs trader Cosimo Codacci-Pisanelli pointed out in his latest report that the possibility that the Fed will cut interest rates in the near future is more likely to be brought about by the US labor market than sluggish inflation.
Dario's warning
● Ray Dalio, billionaire investor and founder of Bridgewater Associates, said the world is entering an era of greater risk against the backdrop of massive debt creation, unprecedented internal disputes in developed countries, and clashes between major powers.
● In particular, he pointed out the question of whether the US election results would be accepted by both parties. Furthermore, Mr. Dario stated that there is a possibility that the US policy against China will lead to “a major risk of economic sanctions that are really frightening for the world.”
● Ray Dalio, billionaire investor and founder of Bridgewater Associates, said the world is entering an era of greater risk against the backdrop of massive debt creation, unprecedented internal disputes in developed countries, and clashes between major powers.
● In particular, he pointed out the question of whether the US election results would be accepted by both parties. Furthermore, Mr. Dario stated that there is a possibility that the US policy against China will lead to “a major risk of economic sanctions that are really frightening for the world.”
Musk admits he turned AI semiconductors for Tesla to X
● American businessman Elon Musk acknowledged on the 4th that most of the AI (artificial intelligence) semiconductors of semiconductor giant NVIDIA, which were initially scheduled to be used in products of major electric vehicle (EV) Tesla, were being transferred to social media company X, and the reason in terms of component management was in the background.
● Mr. Musk stated in a post to X, “Tesla didn't have a place to use NVIDIA semiconductors, so it seemed like they would be left unattended in a warehouse.”
● American businessman Elon Musk acknowledged on the 4th that most of the AI (artificial intelligence) semiconductors of semiconductor giant NVIDIA, which were initially scheduled to be used in products of major electric vehicle (EV) Tesla, were being transferred to social media company X, and the reason in terms of component management was in the background.
● Mr. Musk stated in a post to X, “Tesla didn't have a place to use NVIDIA semiconductors, so it seemed like they would be left unattended in a warehouse.”
Is Apple TV expanding into China?
● According to market news, $Apple(AAPL.US$ Last year, negotiations were held with China Mobile regarding the launch of the Apple TV+ streaming service in China.
● According to the news, the current state of negotiations between the two parties is still unclear, but if the negotiations are successful, Apple TV+ will be the only company to launch an American streaming service in the Chinese market, and it is expected to acquire more than 200 million Chinese mobile broadband users.
● According to market news, $Apple(AAPL.US$ Last year, negotiations were held with China Mobile regarding the launch of the Apple TV+ streaming service in China.
● According to the news, the current state of negotiations between the two parties is still unclear, but if the negotiations are successful, Apple TV+ will be the only company to launch an American streaming service in the Chinese market, and it is expected to acquire more than 200 million Chinese mobile broadband users.
— MooMoo News Zeber
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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