Top 20 turnover | Tesla soared over 7%, with a high target of $310 from Morgan Stanley; Bitcoin rose above $0.062 million, and the holding stock MicroStrategy surged over 9%
On Thursday, Nvidia, ranked first in trading volume in the U.S. stock market, rose by 3.97%, with a trading volume of $34.744 billion. Tesla, ranked second, rose by 7.36%, with a trading volume of $24.69 billion. Apple, ranked third, rose by 3.71%, with a trading volume of $15.249 billion. MicroStrategy, ranked twelfth, rose by 9.04%, with a trading volume of $2.917 billion.
The Federal Reserve's first rate cut in four years, with Bank of America predicting a further 75 basis point cut before the end of the year.
Bank of America Global Research Company said on Wednesday (September 18th) that it is expected that the Federal Reserve will cut interest rates by 75 basis points for the remaining time this year, which is higher than previously estimated. Bank of America also pointed out that the Federal Reserve may further reduce interest rates by 125 basis points by 2025. On the same day, Goldman Sachs predicted that the Federal Reserve would cut interest rates by 25 basis points multiple times until mid-2025.
Wall Street is in an uproar! After the bold move by the Federal Reserve, where will it go from here?
JPMorgan predicts that the Federal Reserve will cut interest rates by 50 basis points in November, but it depends on the weakness of the US labor market. Bank of America believes that there will be another 75 basis points cut before the end of the year. Goldman Sachs and HSBC, on the other hand, expect a 25 basis points rate cut in each of the next six monetary policy meetings.
Express News | The initial jobless claims in the United States for the week ending September 14th were recorded at 0.219 million, the lowest since the week of May 18th.
US stock market preview | All three major futures indexes rose, Nasdaq futures rose more than 2%; technology stocks and Chinese concept stocks rose collectively before the market, Alibaba rose more than 4%, Nvidia and Tesla rose more than 3%
Bitcoin surpassed $63,000 today, with pre-market gains in crypto-related stocks. MSTR and MARA rose over 5%; Tesla rose nearly 3% pre-market, with Robotaxi set to debut soon, and bullish views from Wall Street institutions.
US stocks mining | The Federal Reserve cuts interest rates more than expected! Multiple real estate-related stocks reach new highs for the year; Accelerate the acquisition plan, US private equity giant KKR rises more than 9% in five days
Soft landing expected to ignite! ai optical communication company Coherent rose nearly 4% on the previous trading day, with a cumulative increase of nearly 90% within the year; ai cloud computing service platform servicenow hit another historical high intraday, with a total annual increase of over 26%.