Hello, Moomoo users! Good evening!Here are tonight's insights into NY stocks.
Market Overview
The US market started, with the Dow Jones Industrial Average, which consists of excellent stocks, opening at 41,972.56, up 469.46 dollars. The Nasdaq Composite Index, which has a high proportion of technology stocks, started at 17,980.89, up 407.59 points. The S&P 500, composed of 500 large-cap stocks in the US, rose 84.37 points to 5,702.63.
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$
Top News
Hawkish 50bp!
● The Federal Reserve Board lowered the policy interest rate by 0.50 percentage points at the FOMC to 4.75-5.00%.
●Chairman Powell indicated an attitude of continuing a 0.5% range of interest rate cuts in the future should not be taken into account, and that additional adjustments would be determined at each meeting based on data, outlook, and balanced risks.
● Nick Timiraos, a Fed watcher, said, "The next issue is the interest...

The Bank of Japan decided to maintain the current monetary policy at the financial policy meeting held on the 26th.They decided to maintain the current monetary policy.At the March meeting, the negative interest rate policy was lifted, and a view was expressed that an accommodative monetary environment would continue. With low interest rates being maintained, the interest rate differential with the USA remains wide, and the dollar-yen has temporarily dropped to 156 yen.The dollar-yen has updated its low to 156 yen.Some sectors of the market have the view that 1 dollar = 155 yen is the government's "defense line", but while there were no signs of exchange intervention, the yen depreciation continued to the mid-156 yen level. Yuusuke Okada of Mitsubishi UFJ Trust Bank stated, "I thought there would be intervention at 155 yen. At this rate, it could even go to 160 yen."
Some sectors of the market have the view that 1 dollar = 155 yen is the government's "defense line", but while there were no signs of exchange intervention, the yen depreciation continued to the mid-156 yen level. Yuusuke Okada of Mitsubishi UFJ Trust Bank stated, "I thought there would be intervention at 155 yen. At this rate, it could even go to 160 yen."
The sharp depreciation of the yen is pushing up Japanese stocks, attracting inflows of funds from overseas into Japanese stocks. The ongoing depreciation of the yen is strengthening exports, especially for transportation equipment, electric appliances, precision instruments, machinery, and other major export companies.It is expected to bring benefits to major export companies such as automobiles, electric appliances, precision instruments, and machinery, etc.There is a possibility that the ongoing depreciation of the yen will bring benefits."Yen Depreciation Benefits"The stocks are as follows:
When looking at the 2023 net profit rankings of listed companies in Japan, the performance of Japan's top companies is strongly related to overseas revenue. In particular, the automobile industry, represented by $Toyota Motor (TM.US)$...