Home » Business » Pre-Market for US Stocks: Powell’s Hawkish Comments, US Stocks Continue to Fall Pre-Market, Musk Sells Another $3.5 Billion in Tesla Stock! | Anue tycoon- US stocks

Pre-Market for US Stocks: Powell’s Hawkish Comments, US Stocks Continue to Fall Pre-Market, Musk Sells Another $3.5 Billion in Tesla Stock! | Anue tycoon- US stocks

1. Pre-market performance of US stock futures (16:28 Taipei time):

Dow Jones Index: down 204 points, or -0.60%, to 34035.

Nasdaq Index 100: down 128.25, or -1.08%, to 11740.75.

S&P 500 index: down 32.25, or -0.80%, to 3998.50.

[Direttore generale di oggi]US Retail Sales, Philadelphia Fed Near Manufacturing Index

Yesterday, the US Federal Reserve raised interest rates by 2 yards, taking the policy rate range to 4.25%~4.5%, as expected by the market. However, Powell’s hawkish comments at the post-meeting press conference that the policy rate will remain at a high level for some time could reduce the chance of a soft landing. Also, judging from the dot plot, the terminal interest rate is estimated to be between 5% and 5.25%, which is higher than the market’s original expectations, resulting in the last three major US stock indexes yesterday closing at black.

2. The key points before the US stock market

1. Ebola vaccine developed by Johnson & Johnson (JNJ.US) and Merck (MRK.US) produced long-lasting antibodies in children and adults: The Ebola vaccine developed by Johnson & Johnson and Merck announced the results of its Research. it is safe for both children and adults, and according to data from research in West Africa, the vaccines developed by the two companies produced antibodies 14 days after the first vaccination, and within a year, children and adults can detect different levels of antibodies.(Extended recommended reading: How to Buy US Stocks? Tell the Refund Account Opening Process!)

2. Musk sold another $3.5 billion in Tesla stock this week: After Tesla announced its acquisition of Twitter this year and a stock split in August, the stock price began to fall steadily. Since the end of September, Tesla shares are down 40%, while the S&P is up 12%. After falling another 2.58% yesterday, the market value of Tesla stock has rarely fallen below $500 billion. It was revealed this morning that Musk sold another $3.5 billion worth of Tesla stock this week , which was the second sale after Musk’s acquisition of Twitter. .

Separately, Tesla has been preparing its Berlin plant for a three-shift operation, which could start as early as tomorrow. In the three-shift system, one shift will be rotated every 8 hours, and the starting time of the three shifts will be at 6, 14 and 22, which will realize round-the-clock operation.

3. Microsoft will launch a “data border” for EU customers: Since the EU launched the General Data Protection Regulation (GDPR) in 2018 to protect user privacy, big companies have become more attentive to the international flow of customer data. In order to support the needs of EU and EFTA customers, Microsoft said today that its EU customers will be able to process and store some data in the region from January 1 next year and that the implementation EU Data Gradual will apply to all core Microsoft Cloud services, including Azure, Microsoft 365, Power Platform, and Power BI platforms. This will significantly reduce the flow of data out of Europe, which will lead to the creation of data residency solutions in the industry.

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