US market outlook: This week, pay attention to retail sales etc. in the US for May, etc. The Dow average starts at a drop of 23.98 dollars
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This is the reading for tonight's NY stock.![]()
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38565.18 dollars with a depreciation of 23.98 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 8.42 points at 17697.30. The S&P 500 average, which consists of stocks of 500 large US stocks, depreciated 0.49 points to 5431.11.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38565.18 dollars with a depreciation of 23.98 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 8.42 points at 17697.30. The S&P 500 average, which consists of stocks of 500 large US stocks, depreciated 0.49 points to 5431.11.
Top news
Concerns rekindled
● US stock futures are sluggish as the European stock index as a whole hits a year-to-date high. France's CAC40 index had been rising after recording its worst weekly decline in over 2 years, but that too has cooled down. Japanese stocks have plummeted.
● This week, there are plenty of central bank movements, such as decisions to cut interest rates in the UK, Australia, and Brazil, etc., and investors are each looking for hints on when to enter the interest rate cut cycle.
● US stock futures are sluggish as the European stock index as a whole hits a year-to-date high. France's CAC40 index had been rising after recording its worst weekly decline in over 2 years, but that too has cooled down. Japanese stocks have plummeted.
● This week, there are plenty of central bank movements, such as decisions to cut interest rates in the UK, Australia, and Brazil, etc., and investors are each looking for hints on when to enter the interest rate cut cycle.
data dependency
● The US bond market is emitting a strong message that data is more important than statements made by the Federal Reserve (Fed).
● Last week, dovish inflation data drowned out hawkish statements from policy makers.
● The Fed's Neel Kashkari said over the weekend that the Fed is in a situation where it is OK to take time before cutting interest rates.
● The US bond market is emitting a strong message that data is more important than statements made by the Federal Reserve (Fed).
● Last week, dovish inflation data drowned out hawkish statements from policy makers.
● The Fed's Neel Kashkari said over the weekend that the Fed is in a situation where it is OK to take time before cutting interest rates.
US June NY Federal Reserve Manufacturing Business Index exceeds expectations and dollar purchases
●The US June NY Federal Reserve Manufacturing Sentiment Index was -6.0. Negative for 7 consecutive months. However, it has exceeded expectations and has been on an improvement trend for 3 consecutive months.
● The US bond rate continues to decline. The 10-year bond yield rose from 4.25% to 4.27%. Dollar buying also became dominant, and the dollar and yen rose from 157 yen 80 yen to 157 yen 94 yen. The euro dollar fell from $1.0715 to $1.0710.
●The US June NY Federal Reserve Manufacturing Sentiment Index was -6.0. Negative for 7 consecutive months. However, it has exceeded expectations and has been on an improvement trend for 3 consecutive months.
● The US bond rate continues to decline. The 10-year bond yield rose from 4.25% to 4.27%. Dollar buying also became dominant, and the dollar and yen rose from 157 yen 80 yen to 157 yen 94 yen. The euro dollar fell from $1.0715 to $1.0710.
Has the largest ETF been rebalanced and NVIDIA bought for 10 billion dollars?
● It is the largest ETF linked to high-tech stocks $The Technology Select Sector SPDR® Fund(XLK.US$ This week, we plan to rebalance every quarter and adjust stock weights. Currently, $Apple(AAPL.US$ with $Microsoft(MSFT.US$ Each accounts for approximately 22% of the fund's weight, $NVIDIA(NVDA.US$ is less than 6%.
● According to the latest UBS report, it is predicted that if NVIDIA rises to 2nd place and Apple falls to 3rd place, NVIDIA's weight in the fund will rapidly increase to 21%, and Apple's weight will drop to only 4.5%. This means that funds need to buy NVIDIA shares in large quantities, and it is said that there is a possibility that the amount will reach 10 billion dollars.
● It is the largest ETF linked to high-tech stocks $The Technology Select Sector SPDR® Fund(XLK.US$ This week, we plan to rebalance every quarter and adjust stock weights. Currently, $Apple(AAPL.US$ with $Microsoft(MSFT.US$ Each accounts for approximately 22% of the fund's weight, $NVIDIA(NVDA.US$ is less than 6%.
● According to the latest UBS report, it is predicted that if NVIDIA rises to 2nd place and Apple falls to 3rd place, NVIDIA's weight in the fund will rapidly increase to 21%, and Apple's weight will drop to only 4.5%. This means that funds need to buy NVIDIA shares in large quantities, and it is said that there is a possibility that the amount will reach 10 billion dollars.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Fisco
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Fisco
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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