Since mid-December last year, major banks on Wall Street have successively raised their S&P 500 index targets for the end of 2024, and it is predicted that they will reach a maximum of 5,400 points. 2023 is against the backdrop of AI fervor and observations of lower US interest rates,Looks like big tech stocks are leading the wayAs a result, the S&P 500 achieved a 24% rise. And then, last week,Observing interest rate cuts by the end of the year will improve the outlook for corporate profits、A form where high-tech stocks take the lead againSo, the S&P 500 Index hit its highest value for the first time in 2 years. According to data, since the S&P 500 Index bottomed out in 2022/10,information technology (IT)、communication services、General consumer wealthSectors such as these have driven the rise in the S&P 500 Index. Seven US high-tech companies are also concentrated in these sectors.
Jeffrey Buchbinder, chief stock strategist at LPL Financial, said the main reason these stocks have outperformed the entire stock market over the past yearExtremely high revenue growth rateI said it's in Benchmark indicesLong-term earnings outlookIt means that the connection with it will become stronger. So in fiscal season...

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 32,800 yen - 33,200 yen (5-day closing price 30,036 yen 76 sen)
● British Arm to go public on a scale of 52 billion dollars, valuation value falls short of expectations
● The semiconductor device KOKUSAI will be listed on the Tokyo Stock Exchange in October with an estimated market value of 400 billion yen
● Government bonds fall, large amounts of corporate bonds issued are heavy - the dollar is in the latter half of the 147 yen range
● Rice manufacturing orders fell 2.1% in July, negative for the first time in 5 months
●The Fed does not need to act quickly = Director Waller
● Saudi Arabia unexpectedly extends voluntary production cuts by 3 months, Russia continues - Brent crude oil rises
ー MooMoo News Mark
Market Overview
In the US stock market on the 5th, the NY Dow Jones Industrial Average fell to 34,641 dollars 97 cents, down 195 dollars 74 cents from the previous business day. The Nasdaq Composite Stock Price Index fell 10.863 points from the same period to 10,4020.952. In the Tokyo stock market on the 6th, deep-seated purchases centered on main stocks continued, and the Nikkei Stock Average became strong around the 33,000 yen mark...