U.S. Stock Diary｜The Nasdaq fell more than 1%, and gold prices fell for two days in a row (Michael M. Santiago via Getty Images)
The Wall Street stock market has fallen for two days in a row. The three major indexes have been soft. All 11 industries of the S&P 500 Index have fallen. The Nasdaq Index has fallen by 1%. Apple has fallen for 3 of the past 4 days. U.S. retail sales data were better than expected, and the market continued to adjust the interest rate cut expectations that were considered too optimistic. The U.S. dollar was strong, and the gold price fell 1% for two consecutive days. The U.S. bond market fell, and the 10-year Treasury bond interest rate continued to rise. It has seen more than one The moon is high.
Real-time quotations of U.S. stocks and foreign currencies, multi-country news
Market conditions on January 17 (Wednesday)
l The Dow Jones index fell 94.45 points, or 0.25%, to 37,266.67 points.
l The S&P 500 index fell 26.77 points, or 0.56%, to 4,739.21 points.
l The Nasdaq index fell 88.72 points, or 0.59%, to 14,855.62 points.
l New York January oil futures closed at US$72.56 a barrel, up US$0.16 or 0.2%. The market has fallen by more than 2%.
l New York February gold futures closed at $2009.0 an ounce, down 21.2 or 1%.
l The U.S. 10-year Treasury bond yield closed at 4.106%, up 4.0 points.
Apple was hit by bad news and its stock price fell. It is rumored that the U.S. Department of Justice is preparing to file an antitrust lawsuit against Apple as early as March because Apple has implemented software and hardware restrictions on its iPhones and iPads to prevent rivals from competing effectively. In addition, the company lost another battle in the Apple Watch infringement lawsuit and was once again banned from selling watches with blood oxygen measurement functions.
Nvidia closed down 0.6% and failed to close at a record high price. Some chip stocks continued to be strong. AMD rose 0.9% and chip design stock ARM rose 2%.
In terms of performance stocks, Charles Schwab’s quarterly results were mixed, with its stock price closing down 1.3%. After falling sharply in recent days due to the accident, Boeing rebounded 1.3% to close on Wednesday and became one of the Dow’s biggest gainers.
Cryptocurrency performance continued to be weak, with Bitcoin hovering between $42,000 and $43,000 and mining stocks lower. Riot Platforms and CleanSpark each fell more than 3%, and Iris Energy and Marathon Digital each fell more than 2%. The market believes that following the launch of the Bitcoin ETF last week, investors appear to be switching from miners to the Bitcoin ETF itself.
U.S. retail sales data in December was better than expected, and on Tuesday, Federal Reserve Governor Waller said that the rate of interest rate cuts would not be too fast, and the market expectations for interest rate cuts have also cooled down. So far, traders see a roughly 57% chance that the Fed will begin cutting interest rates in March, according to the CME Group’s FedWatch tool. With the exception of the United States, traders in global markets have begun to listen carefully to central bank guidance and withdraw some of their aggressive interest rate cut expectations.
In terms of data, U.S. retail sales increased by 0.6% month-on-month in December, the largest increase in three months and higher than market expectations of a 0.4% increase, mainly driven by a rebound in apparel and e-commerce sales. During the period, core retail sales excluding automobiles increased by 0.4% month-on-month, which was also higher than market expectations of 0.2%. For the whole of last year, U.S. retail sales rose 5.6% year-on-year.
The Federal Reserve releases its Beige Book report on economic conditions. The report pointed out that there has been little significant change in economic activity in the 12 Federal Reserve Bank Districts since the last Beige Book was released. Regarding labor market conditions, almost all regions reported a cooling in the labor market. In terms of inflation, prices increased slightly or moderately in 6 regions and increased in 2 regions. It weakened in 5 areas.
2024-01-17 22:55:30
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