The report comes as traders consider the latest economic data pointing to softening in the economy — and what it means for the Federal Reserve’s monetary policy decisions going forward.
ADP figures released Wednesday showed less private payroll growth than anticipated in June, while weekly jobless claims came in higher than economists forecast. On top of that, a reading of the service sector from the Institute for Supply Management unexpectedly indicated a contraction.
“Friday’s payroll report...
ADP figures released Wednesday showed less private payroll growth than anticipated in June, while weekly jobless claims came in higher than economists forecast. On top of that, a reading of the service sector from the Institute for Supply Management unexpectedly indicated a contraction.
“Friday’s payroll report...
Traders are awaiting Friday morning’s all-important jobs report.
Economists polled by Dow Jones are expecting the following for June:
Nonfarm payrolls increase by 200,000 jobs.
The unemployment rate will hold steady at 4%.
Average hourly wages climb 0.3% from the prior month.
Average hourly wages to be 3.9% higher than the same month a year ago.
$iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$ $Citigroup(C.US$
Economists polled by Dow Jones are expecting the following for June:
$iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$ $Citigroup(C.US$
1
Short losses
Tesla’s strong delivery report has caused significant losses for short sellers, with the stock rallying 17% in two days and short sellers losing $3.5 billion, according to S3 Partners.
Tesla shares have surged 73% since April, nearing recovery with the stock $2 shy of wiping out losses for the year. Short interest is at 3.5% of the float, or 97 million shares, valued at $22.4 billion.
Friday’s ‘slowing payroll’
The June nonfarm payrolls report takes on a...
Tesla’s strong delivery report has caused significant losses for short sellers, with the stock rallying 17% in two days and short sellers losing $3.5 billion, according to S3 Partners.
Tesla shares have surged 73% since April, nearing recovery with the stock $2 shy of wiping out losses for the year. Short interest is at 3.5% of the float, or 97 million shares, valued at $22.4 billion.
Friday’s ‘slowing payroll’
The June nonfarm payrolls report takes on a...
3
Brent September crude oil futures rose by 0.10%, closing at $87.43 per barrel.
Most London base metals retreated, with London aluminum down by 1%.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Brent Last Day Financial Futures(SEP4)(BZmain.US$ $Crude Oil Futures(AUG4)(CLmain.US$ $Occidental Petroleum(OXY.US$ $Exxon Mobil(XOM.US$
1
In what has become an annual tradition, Buffett announced Friday he is giving shares of Berkshire Hathaway stock worth some $5.3 billion to five charities, including the Gates Foundation and Susan Thompson Buffett Foundation.
$Berkshire Hathaway 13F(LIST2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Apple(AAPL.US$ $Coca-Cola(KO.US$
$Berkshire Hathaway 13F(LIST2999.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ $Apple(AAPL.US$ $Coca-Cola(KO.US$
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/70636860/20240705/85f878b59b668b4c8e019c46ca7ca774.jpg/thumb?area=100&is_public=true)
1
areecep
liked
$VLB(0273.MY$
1.Uptrend with pullback
2.Strength signals at support
3.Holding well above S1
Support = RM0.43
Resistance = RM0.47
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions
1.Uptrend with pullback
2.Strength signals at support
3.Holding well above S1
Support = RM0.43
Resistance = RM0.47
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions
![VLB Ready to Move Higher ?](https://sgsnsimg.moomoo.com/sns_client_feed/103994375/20240705/6180be3c65c93ddc0dfd738baa50db88.png/thumb?area=104&is_public=true)
4
The S&P 500 ′s rally to all-time highs this year has many deliberating whether they should broaden out their exposure from the market cap-weighted benchmark in case of a pullback. However, CFRA’s Sam Stovall said allocating toward an equal-weighted index historically does little to protect investors.
“If history is any guide, for it is never gospel, investors need to be reminded th...
3
areecep
liked
$Tesla(TSLA.US$
The latest quarterly delivery data released by Tesla on Tuesday brought surprising joy to investors. Second-quarter deliveries surpassed market expectations, and very strong energy storage performance sparked bullish sentiment, causing Tesla to rise more than 10% to close at $231.26 on Tuesday. The stock has accumulated a cumulative increase of nearly 17% over the first two trading days in July. Technically, Tesla broke the 200-day moving average for the first time in six months, which is another positive factor in the stock's trend. Compared to three weeks ago, market sentiment has reversed, and Tesla has strongly rebounded 38% from a low of $167.41 in June.
Following delivery of the report in the second quarter, the market will shift its focus to Tesla's two other catalytic events, including whether the upcoming earnings report to be released in July will boost stock prices and what impact Robotaxi's debut in early August will have on its artificial intelligence narrative.
Q2 Highlights: Tesla Deliveries Beat Consensus, Energy Storage Surprise
Tesla reported second-quarter deliveries of 4.44 million vehicles, surpassing Wall Street's estimate of 4.39 million vehicles and securing its status as the world's best-selling electric car. This impressive result was driven by various factors, such as incentives offered by Tesla, including 0% or low interest rate financing in several regions, and the Model 3 remote variant that recently requalified individual retirement account tax credits in the US. According to Morgan Stanley analysts...
The latest quarterly delivery data released by Tesla on Tuesday brought surprising joy to investors. Second-quarter deliveries surpassed market expectations, and very strong energy storage performance sparked bullish sentiment, causing Tesla to rise more than 10% to close at $231.26 on Tuesday. The stock has accumulated a cumulative increase of nearly 17% over the first two trading days in July. Technically, Tesla broke the 200-day moving average for the first time in six months, which is another positive factor in the stock's trend. Compared to three weeks ago, market sentiment has reversed, and Tesla has strongly rebounded 38% from a low of $167.41 in June.
Following delivery of the report in the second quarter, the market will shift its focus to Tesla's two other catalytic events, including whether the upcoming earnings report to be released in July will boost stock prices and what impact Robotaxi's debut in early August will have on its artificial intelligence narrative.
Q2 Highlights: Tesla Deliveries Beat Consensus, Energy Storage Surprise
Tesla reported second-quarter deliveries of 4.44 million vehicles, surpassing Wall Street's estimate of 4.39 million vehicles and securing its status as the world's best-selling electric car. This impressive result was driven by various factors, such as incentives offered by Tesla, including 0% or low interest rate financing in several regions, and the Model 3 remote variant that recently requalified individual retirement account tax credits in the US. According to Morgan Stanley analysts...
Translated
![Be kind and refuse to fight thieves.](https://ussnsimg.moomoo.com/sns_client_feed/71367165/20240704/930174709f8ce9f37faa58a32dd6e0f0.jpg?area=100&is_public=true)
![Be kind and refuse to fight thieves.](https://ussnsimg.moomoo.com/sns_client_feed/71367165/20240704/ee9fac831f195527481b055e56703e7f.jpg?area=100&is_public=true)
![Be kind and refuse to fight thieves.](https://ussnsimg.moomoo.com/sns_client_feed/71367165/20240704/a1d8bc618beeb6ba15d6a10725d69dd0.jpg?area=100&is_public=true)
+6
8
With the increasing probability of Trump winning, markets saw notable shifts: a steeper U.S. Treasury yield curve, rising oil prices, higher U.S. stock prices, and increased volatility.
After the first debate, traders bought short-term bonds and sold long-term bonds. This week, the yield curve steepened by about 13 basis points, the largest two-day move since last October.
$Trump-Win Beneficial Stocks(LIST22962.US$ $Trump Media & Technology(DJT.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $iShares 7-10 Year Treasury Bond ETF(IEF.US$ $Bank of America(BAC.US$ $Crude Oil Futures(AUG4)(CLmain.US$
After the first debate, traders bought short-term bonds and sold long-term bonds. This week, the yield curve steepened by about 13 basis points, the largest two-day move since last October.
$Trump-Win Beneficial Stocks(LIST22962.US$ $Trump Media & Technology(DJT.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $iShares 7-10 Year Treasury Bond ETF(IEF.US$ $Bank of America(BAC.US$ $Crude Oil Futures(AUG4)(CLmain.US$
2
Tesla’s ongoing ascent after a better-than-expected deliveries report also boosted the broader market. The electric vehicle maker’s stock jumped 6.5% on Wednesday, rising for a seventh straight session. That marked its first winning streak of that length in 2024.
“Everybody hated Tesla three months ago. But now, they’re having their day in the sun,” said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. Tesla’s rally sets “a bullish tone for the market overall.”
...
“Everybody hated Tesla three months ago. But now, they’re having their day in the sun,” said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. Tesla’s rally sets “a bullish tone for the market overall.”
...
5
1