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US Market Outlook: “The postponement of interest rate hikes in September does not mean a stop,” says Dallas Fed President, the Dow average starts at a depreciation of 13.32 dollars

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moomooニュース米国株 wrote a column · Sep 8, 2023 08:33
US Market Outlook: “The postponement of interest rate hikes in September does not mean a stop,” says Dallas Fed President, the Dow average starts at a depreciat...
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 is composed of excellent stocks, fell by 13.32 dollars to 34487.41 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 13754.71, 5.88 points higher. The S&P 500 average, which consists of stocks of 500 large US stocks, is 4451.30, which is 0.16 points higher.
US Market Outlook: “The postponement of interest rate hikes in September does not mean a stop,” says Dallas Fed President, the Dow average starts at a depreciat...
$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 Index(.SPX.US)$

Top news
Twice the peak during the financial crisis - the level of the “fear index” that some traders bet on
Chicago Options Exchange (CBOE) $CBOE Volatility S&P 500 Index(.VIX.US)$ It hasn't surpassed 35 in the past year, but there are traders who are betting that it will reach 180 in the next few months.

“Higher and Longer” Monetary Policy Hits Stocks - BoFa Hartnett
Bank of America (BoFA) strategists predicted that there is a high possibility that soft landing (soft landing) observations of the US economy will recede since there is a growing fear that higher interest rates will be prolonged, leading to stock depreciation in the next two months.

September interest rate hike is postponed, “stop” does not mean = Dallas Fed President
President Laurie Logan of the US Dallas District Federal Reserve said on the 7th that even if the US Federal Reserve (Fed) forgoes interest rate hikes at the Federal Open Market Committee (FOMC) 2 weeks later, that does not mean that interest rate hikes will be stopped permanently.

Has Wall Street overreacted to the crisis in Apple's business in China?
In the US stock market on the 7th $Apple(AAPL.US)$ Shares depreciated drastically day by day as concerns about the company's business in China swirled. It is said that it started when it was reported that the Chinese government would extend the ban on the use of the main product “iPhone” to employees of government agencies and state-owned enterprises. Also, it is said that one of the market concerns is that competition for new mobile phones sold by China's Huawei Technology (Huawei) is intensifying within the same country.

TSMC doubles production for AI semiconductors and aims for next growth market
Of the world's leading semiconductors $Taiwan Semiconductor(TSM.US)$ is moving at a rapid pace to increase production of semiconductors for artificial intelligence (AI). Production capacity for important processes, such as putting a new plant into operation, will be increased to double the current level in 2024. As the global semiconductor market is sluggish, demand for generative AI, which will be responsible for the next growth, will be captured.
Moomoo News - Zeber
Distribution source: Bloomberg, Dow Jones, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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