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Good morning mooers! Here are things you need to know about today's market:
●US Stock Market Mixed with Dow Jones Up and Nasdaq Down
●Bursa Malaysia Market Cap Hits RM2 Trillion, Offering Good Trading Prospects
●Digital Banks in Malaysia Not a Significant Threat to Traditional Banks, says S&P Global Ratings Analyst
●Stocks to watch: PBBank, Axiata, DUFU
-moomoo News MY
Wall Street Summary
Shortl...
●US Stock Market Mixed with Dow Jones Up and Nasdaq Down
●Bursa Malaysia Market Cap Hits RM2 Trillion, Offering Good Trading Prospects
●Digital Banks in Malaysia Not a Significant Threat to Traditional Banks, says S&P Global Ratings Analyst
●Stocks to watch: PBBank, Axiata, DUFU
-moomoo News MY
Wall Street Summary
Shortl...
![MY Morning Wrap | Public Bank Commits to Sustainable Financing, Mobilizes Over RM53 Billion Since 2020](https://sgsnsimg.moomoo.com/feed_image/101000104/0fa6e671576b35f190115b51be5b52cd.webp/bigjpg)
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US Stock Market Review 29 Apr - 03 May 2024
- $Dow Jones Industrial Average (.DJI.US)$ 1.18%, $NASDAQ (NASDAQ.US)$1.99%, $S&P 500 Index (.SPX.US)$1.26%
- A surge in $Tesla (TSLA.US)$ shares followed regulatory approval in China for its Full Self-Driving technology.
- Federal Reserve’s meeting resulted in no rate hikes- Information Technology sector saw the largest gains, increasing by 1.6%, influenced by positive earnings reports and tech advancements.
- Event to watch: ...
- $Dow Jones Industrial Average (.DJI.US)$ 1.18%, $NASDAQ (NASDAQ.US)$1.99%, $S&P 500 Index (.SPX.US)$1.26%
- A surge in $Tesla (TSLA.US)$ shares followed regulatory approval in China for its Full Self-Driving technology.
- Federal Reserve’s meeting resulted in no rate hikes- Information Technology sector saw the largest gains, increasing by 1.6%, influenced by positive earnings reports and tech advancements.
- Event to watch: ...
![Weekly Sharing 6 May 2024](https://1500015405.vod2.myqcloud.com/d72e86d4vodtransjkt1500015405/b0806bf61397757888230262874/coverBySnapshot/coverBySnapshot_10_0.jpg)
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$Hang Seng Index (800000.HK)$
This seems like year after years of 20 plus percent drops. How much long can this last? is this over yet?
Give the gold rush in China this past weekend great pain might still be ahead!
This seems like year after years of 20 plus percent drops. How much long can this last? is this over yet?
Give the gold rush in China this past weekend great pain might still be ahead!
![Is the pain over?](https://ussnsimg.moomoo.com/sns_client_feed/71866828/20240301/e343ec6257f74ebbb029eec0c10fa8f2.jpg/thumb?area=100&is_public=true)
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No Rebound for the Hang Seng, Yet
$Hang Seng Index (800000.HK)$
The Hang Seng Index is still in a technical downtrend. It is not showing any signs of recovering yet. After the chinese government pledged to aid equity markets, most of the chinese equity markets began to rally. Economic data has still been showing signs of contraction. This put a stop to the supposed rally in the Hand Seng.
Tech Might Be Showing More Promise
$Hang Seng TECH Index (800700.HK)$
$Hang Seng Index (800000.HK)$
The Hang Seng Index is still in a technical downtrend. It is not showing any signs of recovering yet. After the chinese government pledged to aid equity markets, most of the chinese equity markets began to rally. Economic data has still been showing signs of contraction. This put a stop to the supposed rally in the Hand Seng.
Tech Might Be Showing More Promise
$Hang Seng TECH Index (800700.HK)$