U.S. stock market preview: CPI fell for the fourth consecutive month in July, with three major futures indexes slightly down before the market opens; Goldman Sachs: still need to pay attention to retail sales and unemployment benefits data this week.
Kellanova rose over 7% in pre-market trading, and Mars is close to acquiring the company for $83.5 per share; gambling giant Flutter rose over 7% in pre-market trading, with strong performance in Q2 and raised full-year guidance; the USA's mortgage refinancing index has seen the largest increase since 2020, impacted by the decrease in interest rates.
Goldman Sachs significantly increased shareholding in technology giants such as Microsoft and Apple in Q2, with a layout of over 0.4 billion US dollars in Bitcoin ETF.
Goldman Sachs filed its second quarter holdings report (Form 13F) for the period ending June 30, 2024.
Since its high point in July, tesla's stock has dropped by over 20%, making it the only declining stock among the 'Big Seven' this year. When will it reach a turning point?
Since the beginning of this year, Tesla has experienced a roller coaster-like exciting situation - the stock price has fallen by 16.4%, significantly underperforming the S&P 500 and Nasdaq index's 13.9% and 14.5%, unfortunately becoming the only company among the seven giants of US stocks that has seen its stock price decline this year.
US stock market early trading | The market is betting that the Fed will cut interest rates by 25 basis points in September, and the three major indexes are mixed; kellanova rose more than 7%, the company was acquired by Mars at a premium.
As of press time, the Dow Jones Industrial Average rose by 0.16%; the Nasdaq fell by 0.3%; and the S&P 500 index fell by 0.04%.
S&P 500 Rises, Small Caps Outperform As July Consumer Price Index Fuels Fed Rate Cut Hopes: 5 ETFs to Watch Wednesday
New recession indicators issue warnings: the possibility of the US economy being in recession is about 40%.
Some commonly used indicators seem to have become obsolete in the post-epidemic era, and it is said that this new indicator can detect economic recession faster and more reliably.