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Major US stock indexes opened higher on Tuesday (23rd), with some growth stocks and chip stocks rising Meanwhile, investors were digesting the release of first quarter financial reports with most companies and await the arrival of technology later in the week. .

before the date,Dow Jones industrial averagean increase of almost 160 points or almost 0.4%,Nasdaq benchmark indexrose more than 140 points or nearly 1%,S&P 500 Indexan increase of almost 0.7%,Philadelphia SemiconductorThe index fell by almost 1.4%.

With several major tech companies set to release earnings this week, major US stock indexes were mixed ahead of the open on Tuesday. AI) reasonable craze.S&P 500 IndexandNasdaq 100 futures returned modest gains.

Before the US stock market opens, many companies have released financial reports one after the other, with different results UPS (USP-US), Lockheed Martin (USP-US).LMT-US), General Motors (GM-US) delivered impressive results last quarter, and its stock price rose before the market opened;PEP-US), Invesco Investment Corporation (IVZ-US), Mingsheng Company (MSCI-US), Philip Morris International (PM-US) The stock price fell before the market due to the impact of the financial report.

But the most important is Tesla, the American electric car leader (TSLA-US) released its first quarter financial report after the market closed on Tuesday.

This week, about 180 companies (representingS&P 500 IndexMore than 40% of market capitalization) will announce financial reports, and earnings will become a focus for investors. Geopolitical concerns prompted a drop in stocks before investors focused on corporate profits, a sign that the Federal Reserve would be in no rush to cut interest rates.

Eddie Cheung, senior strategist at Credit Agricole CIB, said: “Whether the market consolidates further from now on may depend on assessing the sustainability of demand for AI after the earnings release.” “

In other news, led by a buoyant services sector and a return to growth in Germany,EURInterregional business activity rose to its highest level in the past year. European Central Bank (ECB) Vice President Luis de Guindos said that unless there is an economic surprise, an interest rate cut in June will be a “fait accompli”.

“We remain focused on the current earnings season, which could lead investors to refocus on fundamentals,” wrote Citigroup strategists Mihir Tirodkar and Beata Manthey in a note: “We would view the recent pullback as a buy Enter opportunity.

From 22:00 Taipei time on Tuesday (23rd): Stock focus:

apple (AAPL-US) shares were down 0.21% in early trading to $165.50 per share

According to data from Counterpoint Research, Apple’s iPhone sales in China fell 19% in the first quarter of this year, which was the worst sales performance in China since the new epidemic began around 2020. ‘ group believes that Apple will fall to third place in the highly competitive Chinese market, roughly the same as the fast competitor Huawei. The weakness of the iPhone is very special because the first quarter is when China celebrates the Lunar New Year, usually a time of peak consumption.

Huida (NVDA-SA) shares rose 1.51% to $807.21 per share in early trading

Reuters reported exclusively on Tuesday that although the United States imposed excessive restrictions on the export of advanced artificial intelligence (AI) chips to China last year, Chinese universities and research institutes have recently acquired Huida through distributors.NVDA-SA) high-end AI chip. The report indicated that after reviewing hundreds of application documents, it was found that the United States expanded the implementation of chip export controls on November 17 last year, forcing more chips and national compliance licensing requirements. , 10 Chinese groups have pulled out of Supermicro (SMCI-US), Dell Technologies (DELL-US) and Taiwanese manufacturer GIGABYTE (2376-TW), the advanced Huida chips embedded in them can be found.

General Motors (GM-US) shares rose 2.90% to $44.47 per share in early trading

General Motors had better-than-expected first-quarter revenue and profit and revised its full-year forecast higher. The automaker said it decided to raise its guidance after strong North American business in the first quarter offset losses elsewhere, and now expects adjusted profit in the range of $ 12.5 to $14.5 billion, or $9 to $10 per share, up from the previous range of US$12 to US$14 billion, or US$8.5 to US$9.5 per share.

Today’s key economic data:

• April US manufacturing PMI reported 49.9, 52.0 expected, and the previous value of 51.9
• US services PMI in April reported 50.9, 52.0 expected, and the previous value of 51.7
• The US Comprehensive PMI in April was 50.9, compared to the previous value of 52.1.

Wall Street Analysis:

BlackRock’s chief global fixed income investment officer still predicts that the Fed is still expected to cut interest rates twice this year as inflation slows in the coming months. He also pointed out that BlackRock has lowered its interest rate and shifted its investment portion more to short-term investments.

Deutsche Bank AG strategists said investors will continue to reduce their exposure to large-cap growth stocks and technology stocks, from the 97th percentile in early March to the current 77th percentile. The strategists wrote that the sector is still the only one with a position above the historical average, even if it is no longer true.