Outlook for the US market: Welcoming inflation slowdown = Cleveland Fed President Dow starts 118 points lower
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Tonight's insight on NY stock market.![]()
Market Overview
The US market started with the Dow Jones Industrial Average, which is composed of high-quality stocks, falling by $118.71 to $38,528.39. The tech-heavy Nasdaq Composite Index, with a high tech stock ratio, started at 17621.18, down by 46.38 points. The S&P500 index, which consists of 500 large cap stocks in the US, fell by 9.66 points to 5424.08.
The US market started with the Dow Jones Industrial Average, which is composed of high-quality stocks, falling by $118.71 to $38,528.39. The tech-heavy Nasdaq Composite Index, with a high tech stock ratio, started at 17621.18, down by 46.38 points. The S&P500 index, which consists of 500 large cap stocks in the US, fell by 9.66 points to 5424.08.
Top News
FRB Divergence
The Federal Reserve Board (FRB) intends to decrease the extent of interest rate cuts this year, despite other countries already starting to ease, which appears to diverge internationally from the FRB.
According to Bloomberg Economics analysis, the decision by the FRB to keep interest rates steady causes concerns about adverse effects on exchange rate volatility, risking compromising the progress of lowering inflation rates.
FRB official Loretta Mester is scheduled to answer three interviews, including on Bloomberg TV, later today, with Austan Goolsbee also expected to speak.
The Federal Reserve Board (FRB) intends to decrease the extent of interest rate cuts this year, despite other countries already starting to ease, which appears to diverge internationally from the FRB.
According to Bloomberg Economics analysis, the decision by the FRB to keep interest rates steady causes concerns about adverse effects on exchange rate volatility, risking compromising the progress of lowering inflation rates.
FRB official Loretta Mester is scheduled to answer three interviews, including on Bloomberg TV, later today, with Austan Goolsbee also expected to speak.
Cleveland Fed President maintains current interest rates until the inflation rate falls towards 2%.
●InflationI have not changed my view on this.
● Welcome the slowdown in inflation
● Maintain the current interest rate until inflation rate falls to 2%
●InflationI have not changed my view on this.
● Welcome the slowdown in inflation
● Maintain the current interest rate until inflation rate falls to 2%
Robotaxis and 30 billion humanoid robots create a $30 trillion market capitalization for Tesla! = Mr. Musk
●After the approval of the $56 billion compensation package, $Tesla (TSLA.US)$ At the shareholder meeting, Musk made very bold predictions about the future of technology and Tesla's market capitalization.
●I believe that the moomoo and robottaxi of tesla have made significant progress, doubling Tesla's market value to more than 30 trillion dollars of apple.
●After the approval of the $56 billion compensation package, $Tesla (TSLA.US)$ At the shareholder meeting, Musk made very bold predictions about the future of technology and Tesla's market capitalization.
●I believe that the moomoo and robottaxi of tesla have made significant progress, doubling Tesla's market value to more than 30 trillion dollars of apple.
Apple is in good shape.
●A major factor in the record rise of US stocks this year has been the rise of technology companies, with the latest evidence of their strength seen on Thursday. On Thursday, $Apple (AAPL.US)$ is $Microsoft (MSFT.US)$ Was overtaken and reclaimed the title of the most valuable company in the world.
●This event follows a rapid rise, including Apple recording its largest three-day rally since August 2020 and falling from 3rd place to early this week.
●A major factor in the record rise of US stocks this year has been the rise of technology companies, with the latest evidence of their strength seen on Thursday. On Thursday, $Apple (AAPL.US)$ is $Microsoft (MSFT.US)$ Was overtaken and reclaimed the title of the most valuable company in the world.
●This event follows a rapid rise, including Apple recording its largest three-day rally since August 2020 and falling from 3rd place to early this week.
moomoo news zeber
Source: moomoo, Bloomberg
This article uses auto-translation in part.
Source: moomoo, Bloomberg
This article uses auto-translation in part.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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