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” since March 2022, suggesting that the power of shorts is greater than the power of bulls, and the stock price may fall further.
Huida recorded its ninth consecutive session of gains on Monday, butthat fingerS&P andhalf feeAll indices closed in the black,10-year U.S. Treasury yieldfell below 4.65%. The dollar weakened.
On the political and economic front, U.S. Federal Reserve Chairman Jerome Powell recently warned that officials have “no confidence” in whether interest rates are high enough to end the fight against inflation, and that the Federal Reserve may further raise interest rates.
The market will continue to pay attention to the conversations of many Federal Reserve officials this week, including New York Fed President John Williams, Chicago Fed President Austan Goolsbee, and Fed Governor Thomas Jefferson. Philip Jefferson and Vice Chairman of Financial Regulation Michael Barr.
A survey released by the Federal Reserve Bank of New York on Monday showed that U.S. consumers’ expectations for short-term inflation fell slightly in October and their views on their financial situation were mixed.
The United States will release its October Consumer Price Index (CPI) on Tuesday. Analysts expect the October CPI monthly rate to fall to 0.1%, indicating that inflationary pressures have eased and supporting the view that interest rates have peaked.
Markets on Monday shrugged off last week’s warning from Moody’s, which on Friday downgraded the U.S. credit rating outlook to negative from stable, citing large fiscal deficits, declining debt affordability and congressional dysfunction. U.S. Deputy Treasury Secretary Wally Adeyemo expressed his disapproval of downgrading the rating outlook to negative, emphasizing that the U.S. economy remains strong and U.S. debt remains the safest and most liquid asset in the world.
Market concerns about a possible U.S. government shutdown have resurfaced. If the U.S. Congress fails to pass a federal funding bill on Friday (17th), the United States, the world’s largest economy, will begin to shut down.
In terms of geopolitics, Chinese leader Xi Jinping will go to San Francisco, the United States, to hold a U.S.-China summit from November 14 to 17. He will have face-to-face talks with U.S. President Biden. White House National Security Advisor Sullivan said that the talks will mainly focus on To stabilize relations between the two countries, eliminate misunderstandings and avoid surprises, issues such as Taiwan, the Russia-Ukraine war, the war between Israel and Hamas, human rights, artificial intelligence (AI) and “fair” trade are expected to be discussed.
“Reuters” quoted sources as saying that the U.S. Treasury Department issued notices to shipping companies in 30 countries, requesting relevant information to confirm whether they violated sanctions imposed by Western countries on Russian oil.
Performance of major U.S. stock indexes on Monday (13th): U.S. stocksDow Jones IndexIt rose 54.77 points, or 0.16%, to close at 34,337.87 points.
NasdaqThe index fell 30.36 points, or 0.22%, to close at 13,767.74 points.
S&P 500 IndexIt fell 3.69 points, or 0.08%, to close at 4,411.55 points.
Philadelphia SemiconductorThe index fell 34.99 points, or 0.97%, to close at 3,556.74 points. The NYSE FANG + index fell 12.85 points, or 0.16%, to close at 7,987.16 points. Six of the 11 major S&P sectors ended in the black, with utilities (-1.24%) leading the decline and the energy sector (+0.71%) gaining the most. (Image: finviz) Focus Stocks
The five kings of technology are almost all black. Alphabet (GOOGL-US) fell 0.38%; Meta (META-US) rose 0.13%; Apple (AAPL-US) fell 0.86%; Microsoft (MSFT-US) fell 0.81%; Amazon (AMZN-US) fell 0.68%.
Dow JonesMore than half of the constituent stocks ended higher. Boeing (BA-US) rose 4.01%; Disney (DIS-US) rose 1.33%; Merck (MRK-US) rose 1.07%; Nike (OF THE US) fell 1.8%; Intel (INTC-US) fell 1.62%.
half feeComponent stocks were generally lower. Qualcomm (QCOM-US) fell 0.29%; Huida (NVDA-US) rose 0.59%; Micron (MU-US) fell 0.77%; Applied Materials (AMAT-US) fell 0.62%; AMD (AMD-US) fell 1.52%; TI (TXN-US) fell 0.90%.
Taiwan stocks ADR closed in the red. TSMC ADR (TSM-US) fell 1.05%; ASE ADR (ASX-US) fell 0.12%; UMC ADR (UMC-US) fell 1.96%; Chunghwa Telecom ADR (CHT-US) rose 0.06%.
Corporate News
Tesla (TSLA-US) surged 4.22% to $223.71 per share. Tesla has updated the terms of its agreement with Cybertruck buyers, including a clear stipulation that Cybertruck is for personal use only, and buyers are prohibited from reselling the vehicle within one year. Violators may be subject to a $50,000 compensation claim.
Huida (NVDA-US) rose 0.59% to $486.20 per share, setting a nine-day winning streak. Huida announced the launch of a new AI product “HGX H200”, which is an upgraded version of the H100 AI. It features ultra-high capacity, larger bandwidth, and more advanced computing power. It will be shipped in the second quarter of next year.
Boeing (BA-US) rose 4.01% to $204.54 per share. Emirates announced on Monday an order for 95 Boeing aircraft worth $52 billion to cater to increased global travel demand.
Wall Street Analysis
John Stoltzfus, chief market strategist at Oppenheimer Asset Management, said: “With many believing the Fed will remain in ‘pause’ or ‘skip’ mode for longer, but unlikely to cut interest rates anytime soon, the market may remain vulnerable to volatility. Influence.”
Chris Larkin, head of trading and investing at E*Trade, said: “There are enough high-profile economic data this week to sway the market. Most eyes will be on the latest inflation data, but retail sales and retail sales Revenue will also help set the tone.”
Morgan Stanley strategists predict: “By the end of next year, due to slowing economic growth and inflation, the return of bond buyers and the Federal Reserve cutting interest rates,10-Year Treasury Bond Yieldwill fall below 4%. “
The figures are all updated before the deadline, please refer to the actual quotation.
2023-11-13 21:54:42
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