Weekly market summary (8/31-9/6)
Summary and Brief Comment
At the end of August, there was a slight increase in stock prices, and the stock market after Labor Day started with a sense of relief, but on September 4th, there was a significant decrease, becoming a market driven by economic indicators of concern rather than a recession in the US economy.
The employment statistics were expected to be stronger than the previous time, but the results turned out to be weaker than the consensus. The immediate market reaction was mixed. The interest rate futures indicate that a 0.25% rate cut is dominant for the next FOMC, rather than a 0.5% cut.
Stock prices fell sharply in the US market after the employment statistics. Based on the VIX index, it has not yet turned into a panic market, but it can be described as very weak.
In the investment and trading community of X, there has been talk about whether this TOTO MEGA BIG is expected to have a significantly positive outcome, leading to the appearance of individuals investing a large sum in lottery tickets.
The LDP leadership election has become a focal point for financial income taxation, with Mr. Ishiba's statement on strengthening taxation causing a big stir.
Regarding the acquisition of US Steel by Japan Steel, President Biden has started preparing to prevent the acquisition, leading to comments from various Japanese and American officials, politicians, and industry insiders.
The stock market decline during an economic recession, as history shows, may pose a challenging situation for stock investments.
5-day performance
Name of stock: Nikkei 225 Index $Nikkei 225 (.N225.JP)$
Final price: 36,391.47 5-day Chg: -2,256.28 5-day %Chg: -5.84%
Final price: 36,391.47 5-day Chg: -2,256.28 5-day %Chg: -5.84%
Name of stock: Tokyo Topix Index
Final price: 2,597.42 5-day Chg: -115.21 5-day %Chg: -4.25%
Final price: 2,597.42 5-day Chg: -115.21 5-day %Chg: -4.25%
Name of stock: Dow Jones Industrials Average
Final price: 40,345.41 5-day Chg: -989.64 5-day %Chg: -2.39%
Final price: 40,345.41 5-day Chg: -989.64 5-day %Chg: -2.39%
Stock Name: S&P 500 Index $S&P 500 Index (.SPX.US)$
Last Price: 5,408.42 5-day Chg: -183.54 5-day %Chg: -3.28%
Last Price: 5,408.42 5-day Chg: -183.54 5-day %Chg: -3.28%
Stock name: Nasdaq 100 Index
Last Price: 18,421.31 5-day Chg: -904.14 5-day %Chg: -4.68%
Last Price: 18,421.31 5-day Chg: -904.14 5-day %Chg: -4.68%
Stock Name: Nasdaq Composite
Last Price: 16,690.83 5-day Chg: -825.60 5-day %Chg: -4.71%
Last Price: 16,690.83 5-day Chg: -825.60 5-day %Chg: -4.71%
Stock Name: Russell 2000 Ishares ETF
Last Price: 207.90 5-day Chg: -10.91 5-day %Chg: -4.99% One-month Chg: +3.50 One-month %Chg: +1.71%
Last Price: 207.90 5-day Chg: -10.91 5-day %Chg: -4.99% One-month Chg: +3.50 One-month %Chg: +1.71%
Stock Name: CBOE Volatility Index $CBOE Volatility S&P 500 Index (.VIX.US)$
Last Price: 22.38 5-day Chg: +6.73 5-day %Chg: +43.00%
Stock Name: U.S. Dollar/Japanese Yen $USD/JPY (USDJPY.FX)$
Final price: 142.302 5-day Chg: -3.834 5-day %Chg: -2.62%
Source:
Chart data is from moomoo Securities
Performance data and financial results are from Barchart.com
Indicator data is from Tradingeconomics.com
Excerpt from the following blog article:
(In addition to the excerpt, there are weekly news, important indicators, financial results, etc.)
(In addition to the excerpt, there are weekly news, important indicators, financial results, etc.)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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