GDP Hot and Stocks are Trading Sideways | Market Story
Treasury Yields Pare Earlier Declines After U.S. GDP Higher
Will the Fed have its "first cut in September" as the US Q2 economic growth rate exceeds expectations and inflation steadily cools down?
Unlikely in July.
US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations
Is Now a Good Time to Buy Bitcoin? What History Tells Investors
USA's Q2 economic growth rate exceeded expectations, and the Nasdaq opened slightly higher.
The three major US stock indexes have mixed trends, with the Nasdaq and S&P 500 index up 0.07%, and the Dow down 0.06%. The actual annualized quarterly growth rate for GDP in the second quarter of the United States was 2.8%, with an expected 2% and a previous value of 1.4%; the initial annualized quarterly growth rate for the core PCE price index was 2.9%, expected 2.7%, and previous value was 3.7%. The initial quarterly growth rate for actual personal consumption expenditures was 2.3%, the expected value was 2%, and the previous was 1.5%. IBM rose more than 2.4%, with Q2 revenue of $15.77 billion and an EPS of $2.43, both exceeding market expectations, while the AI business booking scale increased significantly. Ford Motor fell more than 13.4%,
BlackRock: continue to over-allocate opportunities related to US stocks and AI themes.
Analysts predict that the technology stocks of the S&P 500 index are expected to achieve a year-on-year profit growth of 18% in the second quarter, while the profit growth of other constituent stocks is only 2%.
U.S. Economy Keeps Going Strong, Growing at 2.8% Rate in Second Quarter
US Stocks Suffered a 'Black Wednesday': How to Hedge Risks in Market Turbulence?
Fed Rate Cut Next Week Is Unlikely But Possible -- Market Talk
U.S. Second-Quarter GDP: What to Expect -- WSJ
AI dreams, Silicon Valley persists, while Wall Street hesitates.
"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.
U.S. Treasury's Quarterly Refunding Plan Expected to Be Largely Unchanged -- Market Talk
US June PCE Preview: The Upcoming Price Index Will Reinforce Expectations of a September Interest Rate Cut
What goes up must come down! A $2 billion leveraged ETF scoops up technology stocks at rock-bottom prices, causing blood to flow.
A batch of leveraged ETFs centered on technology products has seen double-digit losses, previously hit by the market crash and stocks related to the AI hype.
Elliott Wave Analysis of S&P 500 and Nasdaq [Video]
Summers Balks at Dudley's Call for Fed to Start Cuts Now
Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
US stocks fell across the board! What is the market worried about?
AI is both the reason for success and failure.
S&P 500 and NASDAQ suffered a "Black Wednesday"! What's even more terrifying is that this round of correction in US stocks may be "far from over".
Senior economists from Interactive Brokers, a top brokerage in the USA, stated on Wednesday that the correction in the US stock market is far from over.