DIA241011P409000
- 0.59
- +0.25+73.53%
SPDR Dow Jones Industrial Average Trust Newsroom
10/8 [Strength and Weakness Analysis]
[Bullish and Bearish Factors] Bullish factors: Nikkei Average is rising (39,332.74, +697.12), US crude oil futures are rising (77.14, +2.76), Expectation of easing inflation in the US, active share buybacks, request from the Tokyo Stock Exchange for enhancing corporate value. Bearish factors: NY Dow is falling (41,954.24, -398.51), Nasdaq Composite Index is falling (17,923.90, -213.94), $1 = 148.00-10 yen, Chicago Nikkei futures are falling (38,915, Osaka comparison -455).
Goldman Sachs released three heavyweight research reports over the weekend: downgrading the forecast for US recession, expecting the Chinese stock market to rise by another 15% to 20%.
Goldman Sachs' stock strategy team believes that the US large cap stocks can rise by another 4.3% to 6000 points by the end of the year, as the possibility of a US recession has decreased, allowing the Federal Reserve to only reduce interest rates by 25 basis points each time. Their AP strategic team has upgraded the rating of Chinese stocks to "shareholding" and is bullish on the potential boost to valuation from large-scale stimulus measures.
US stocks collectively fell by about 1%, with Chinese concept stocks rebounding in a V-shape, US bond yields rising above 4%, and oil prices rising by nearly 4%.
USA stocks and bonds both fell, with the Dow down 400 points, Tesla down 3.7%, Nvidia up over 2%, Chinese concept stocks fell nearly 3% before closing higher, Alibaba and Tencent ADRs rose 2.6%, Li Auto Inc. rose over 4%. The two-year US treasury yield rose nearly 10 basis points, breaking above 4% for the first time since August for both the 2-year and 10-year treasury yields, with the US dollar hovering at a seven-week high since August 16. Brent crude oil closed above $80, reaching a six-week high along with WTI oil climbing above $77. Silver briefly fell more than 2.4%.
Here's How Much $1000 Invested In Salesforce 10 Years Ago Would Be Worth Today
Biden Adviser Says Administration Working on Restarting Shuttered Nuclear Plants: Reuters
Here's How Much You Would Have Made Owning Home Depot Stock In The Last 20 Years
Kamala Harris On Cannabis And Crypto: Key Questions That Could Be Answered On '60 Minutes'
Behind the Scenes of Home Depot's Latest Options Trends
McDonald's Unusual Options Activity For October 07
Top Wall Street strategists are more bullish on US stocks, while the big short seller Wilson is more bullish on cyclical stocks. Kostin raised the S&P target.
Morgan Stanley's Mike Wilson believes that cyclical stocks outperform defensive stocks, as the strong non-farm payroll data released last Friday and expectations of further interest rate cuts from the Federal Reserve. Goldman Sachs's David Kostin has raised the S&P's target price for the next 12 months by 5% to 6300 points, equivalent to an increase of over 9.5% compared to last Friday's closing.
The Outlook for Software Stocks Is Looking Better, Buy Datadog – BTIG
Amgen Analyst Ratings
Schwab Trading Activity Index Slides by Most Since June 2022 in September
McDonald's Analyst Ratings
American Express Shares Are Trading Lower After JP Morgan Downgraded the Stock From Overweight to Neutral, Despite Raising the Price Target From $268 to $286.
A Closer Look at Salesforce's Options Market Dynamics
Oppenheimer Warns Against Overreacting to Strong Jobs Data
CEG Stock Is Up 60% In A Month: Is Constellation Energy The New Power Play?
Express News | Major Indexes Are Lower Amid a Rise in the 10-year Treasury Yield
A Closer Look at Caterpillar's Options Market Dynamics