Benefiting from the recent continued rise in U.S. stocks, still strong employment data, and the drop in gasoline prices to relatively lows, the consumer confidence index in January rose to a new high since 2021, far exceeding economists’ expectations, and also reflecting U.S. consumer confidence. Strong, although it once pushed up 10-year U.S. Treasury yieldbut … Read more
Centered on the optimism about artificial intelligence (AI), chip stocks continued to lead the upward trend. AMD and Meta hit record highs. The main U.S. stock indexes all rose on Friday (19th). The S&P rose more than 1% to close at 4,839.81 points, breaking 2022 The closing record since January this year, setting a new … Read more
The market digested another batch of strong economic data and financial reports. The main U.S. stock index rose sharply on Thursday (19th), with stocks dominated by technology stocks.NasdaqThe index rose 1.35%.S&P 500 Index rose 0.88%,Dow JonesIt closed over 230 points in red, ending three consecutive blacks. The VanEck Semiconductor ETF rose more than 3% to … Read more
The market digested better-than-expected labor market data, and profit-taking sentiment in technology stocks continued to strengthen.10-Year Treasury Bond YieldHitting 4.00% again, most U.S. stocks closed lower on Thursday (4th), continuing the dismal start to the year. Apple continues to be bearish on Wall Street and has fallen for three consecutive days since the start of … Read more
Inflation slowed more than expected, supporting bets that the Federal Reserve would cut interest rates as early as March. However, Nike fell sharply after it revised down its full-year financial forecast, dampening market sentiment.Dow JonesOn Friday (22nd), it opened slightly higher, then suddenly plunged and turned black in the last two hours of trading. It … Read more
The latest employment data strengthened expectations that the Federal Reserve will cut interest rates as soon as March next year.10-Year Treasury Bond YieldBreaking 4.2%, the main US stock index had mixed gains and losses on Tuesday (5th).Apple’s market capitalization exceeded US$3 trillion for the first time since early August, eliminatingDow Jonespartial loss,Dow JonesIt closed nearly … Read more
Investors digested the signs of economic slowdown, major retailers issued excellent financial reports, and the main US stock index closed almost unchanged on Friday (17th). American apparel brand GAP and American discount retailer Ross Stores led the retail stocks higher as their financial reports exceeded expectations. Energy stocks surged on Friday, recovering from the previous … Read more
Investors are awaiting the upcoming release of inflation data, Xi Jinping’s meeting, remarks by Federal Reserve officials, and corporate financial reports.Dow JonesMonday (13th) Squat first and then jump.Dow JonesIt closed more than 50 points higher, but it failed to prevent its 50-day moving average from crossing the 200-day moving average, forming the first “death cross” … Read more
As investors continue to digest corporate earnings reports and comments from Federal Reserve officials,Dow JonesIt closed down more than 40 points on Wednesday (8th), putting utility and energy stocks under pressure. Technology stocks performed best, with Microsoft reaching a new high. The S&P closed up 0.1% on Wednesday, extending its winning streak to eight days, … Read more
Although people are increasingly doubtful whether the Federal Reserve will raise interest rates, the decline in U.S. bond yields supported the stock market. The main U.S. stock index closed higher on Tuesday (7th), Microsoft hit a record high, and AMD, Broadcom and Intel provided support under the “Chip Act” Before the funds, shares were up … Read more