US market outlook: Trump media surged about 16% at one point, Nike plummeted, and the Dow average started with a depreciation of 71 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, fell 71.67 dollars to 39092.39 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 17891.10 with a 32.42 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, is 5.61 points higher to 5488.48.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, fell 71.67 dollars to 39092.39 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 17891.10 with a 32.42 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, is 5.61 points higher to 5488.48.
Top news
The US PCE core price index, which is attracting attention from the Federal Reserve, rose 2.6% compared to the previous year in May, the first low level in more than 3 years
Of the Federal Reserve's attention excluding energy and food announced by the U.S. Department of CommerceUS PCE Core Price Index、May was a 2.6% increase compared to the previous year, in line with the 2.6% increase in market expectations、Low level since March 2021It became. The previous quarter was up 2.8%.
Of the Federal Reserve's attention excluding energy and food announced by the U.S. Department of CommerceUS PCE Core Price Index、May was a 2.6% increase compared to the previous year, in line with the 2.6% increase in market expectations、Low level since March 2021It became. The previous quarter was up 2.8%.
yen risk
● While the yen exchange rate is hitting a high since 1986 against the US dollar, yen traders pay attention to PCE statistics. As the dollar continues to appreciate, voices expecting market intervention by Japan are growing.
● Meanwhile, Japan's TOPIX stock price index recorded a high level since 1990, supported by improvements in shareholder returns and the depreciation of the yen, which supports export companies.
● While the yen exchange rate is hitting a high since 1986 against the US dollar, yen traders pay attention to PCE statistics. As the dollar continues to appreciate, voices expecting market intervention by Japan are growing.
● Meanwhile, Japan's TOPIX stock price index recorded a high level since 1990, supported by improvements in shareholder returns and the depreciation of the yen, which supports export companies.
Concerns about the election campaign
● President Joe Biden struggled in the first presidential debate in the election campaign with Donald Trump, fueled anxiety about his age, and raised the question of whether he should be replaced as a candidate among the Democrats.
● Biden misspelled it over and over again, and got stuck at the end of an answer. Meanwhile, Mr. Trump gave an answer full of falsehood and exaggeration, and refused to accept the November election results.
● The view that Trump would win this night also raised the dollar slightly.
● President Joe Biden struggled in the first presidential debate in the election campaign with Donald Trump, fueled anxiety about his age, and raised the question of whether he should be replaced as a candidate among the Democrats.
● Biden misspelled it over and over again, and got stuck at the end of an answer. Meanwhile, Mr. Trump gave an answer full of falsehood and exaggeration, and refused to accept the November election results.
● The view that Trump would win this night also raised the dollar slightly.
Atlanta Fed President Expected to Cut Interest Rates Once in the Fourth Quarter
Earlier, Bostic Atlanta Federal Reserve Bank President's statement was conveyed, and it was restated that interest rates are expected to be cut once in the fourth quarter.
Earlier, Bostic Atlanta Federal Reserve Bank President's statement was conveyed, and it was restated that interest rates are expected to be cut once in the fourth quarter.
There is no heavy pressure on major US banks, even if stress tests become more strict
Banks in general were hit even harder in this year's stress test (soundness review) by the US Federal Reserve (Fed). However, that impact may not cause banks to stall as much as in the past.
Banks in general were hit even harder in this year's stress test (soundness review) by the US Federal Reserve (Fed). However, that impact may not cause banks to stall as much as in the past.
Nike is in decline
●Major sportswear company $Nike (NKE.US)$ Nike stocks crashed drastically as sales forecasts fell short of expectations. Demand for the company's brand has declined, and investors' concerns that there is a difference over rival Adidas have further intensified.
● Contrary to analysts' expectations of an increase in sales, Nike indicated that sales would decrease in the current fiscal year. The company is struggling to develop new products to replace top sellers such as Air Force 1 and Dunk sneakers, and sales in the Converse division declined 18% on a quarterly basis.
●Major sportswear company $Nike (NKE.US)$ Nike stocks crashed drastically as sales forecasts fell short of expectations. Demand for the company's brand has declined, and investors' concerns that there is a difference over rival Adidas have further intensified.
● Contrary to analysts' expectations of an increase in sales, Nike indicated that sales would decrease in the current fiscal year. The company is struggling to develop new products to replace top sellers such as Air Force 1 and Dunk sneakers, and sales in the Converse division declined 18% on a quarterly basis.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Dow Jones, Minkabu
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Dow Jones, Minkabu
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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