Recent "bearish singing in turn" on Wall Street: If the US economy declines, US stocks may fall back.
Peter Berezin, Chief Global Strategist of BCA Research, has lowered the annual target for the S&P to 3750 points, believing that the softness in consumer demand caused by the slowdown in the labor market is the biggest bearish trend for US stocks.
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Fed's Preferred Measure of Underlying Inflation Slows
Tonight, we will focus on the PCE price index! The Federal Reserve's favorite inflation indicator may experience a milestone decline.
The Federal Reserve has been waiting for good news on inflation for a whole year.
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The slowdown in growth is being confirmed in every corner of the US economy, is the Fed's first interest rate cut getting closer and closer?
Data released on Thursday showed that US personal spending was revised downward in the first quarter, and core capital goods orders and pending home sales both declined significantly in May. How long can the Federal Reserve continue to chant the "higher for longer" slogan?
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.
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On Friday, the "inflation indicator most favored by the Federal Reserve" is expected to cool down, and the market is paying attention to the latest interest rate cut signals!
Traders are busy preparing for Friday's PCE price index report in hopes of obtaining further evidence of inflation trends.
U.S. stocks close | S&P 500 rises for two consecutive days, Amazon up nearly 4%, with a market cap exceeding $2 trillion; shareholder meetings could not reverse the decline, and Nvidia barely closed up.
The Dow Jones Industrial Average closed slightly higher, still hovering near its weekly low, while the seven sisters of American technology stocks rose together, with Tesla up nearly 5%; Micron's financial report is bullish but the guidance is not enough to surprise, and it fell more than 9% after hours; China concept stocks index is hovering near a ten-week low, with NIO Inc. up more than 6%.
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S&P 500 No Longer Climbing, Market Held Up By Tech
Morgan Stanley Chief Us Equity Strategist, Talks About Where He Sees Risks To The Market
US stocks closed with the S&P 500 ending a three-day losing streak, while chip stocks made a strong comeback, with Nvidia rising nearly 7%. After hours, Volkswagen's investment in Rivian caused a 46% increase in the stock price.
The Dow Jones Industrial Average fell, ending a five-day streak of gains; growth tech stocks rose together, with Google A rising nearly 2.7% to a new all-time high; the China concept stocks index fell 1.3%, and Bilibili fell nearly 3%.
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