Futu Morning Post | Trump Is Ready to Debate Harris: Agrees to a New Round of Debate; Strong Demand for Blackwell Chips! Nvidia Surges 8% for the Largest Single-Day Gain Since August.
OpenAI is in talks to raise funds at a valuation of $150 billion, while Berkshire is selling more of its shares in Bank of America, but the pace of selling has slowed down. Competitors disclose details of their weight-loss drug research, causing gains in novo-nordisk a/s and eli lilly and co shares.
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
There is a strong demand for new mortgage loans, and the volume of commercial mortgage-backed securities trading in the United States has increased sharply.
Since the beginning of this summer, the commercial real estate loan system on Wall Street has been operating at a high speed.
U.S. 2 Year Treasury Yield Falls to Its Lowest Level in Two Years
"Fed megaphone": CPI will prompt the Fed to gradually cut interest rates.
Nick Timiraos pointed out that the robust housing inflation is the main culprit for the unexpected core inflation, which may support the idea of larger interest rate cuts by some officials.
Has the suspense of the September interest rate cut been revealed? Wall Street's spicy commentary on August core CPI.
The stickiness of core inflation exceeds market expectations, significantly dampening expectations of a 50 basis point interest rate cut by the Federal Reserve next week.