Market Breadth Remains Robust, Signaling an Upward Continuation
US stock market outlook | The three major equity index futures all fell, while Chinese concept stocks continued to soar before the market opened! Ke Holdings surged more than 12%, with a threefold increase in long positions in FTSE China ETF soaring 21%.
Goldman Sachs sees global hedge funds pouring into China, with an inflow of $2.4 billion in three days; the Chinese stock market surges, causing short sellers to lose nearly $7 billion, further boosting Chinese concept stocks; Nike withdraws its full-year performance guidance, dropping more than 5% in pre-market trading.
U.S. Stock Market Prospecting | Is the sky the limit? Chinese concept stocks continued to surge overnight! Ke Holdings soared more than 17% in a single day, while Futu nearly doubled within the year.
In terms of major players hitting record highs in the US stock market, alibaba rose 6.24% to the top of the list, lockheed martin rose 3.64% to second place, and rtx corp rose 2.67& to third place.
Iran warns of devastating blow if retaliated against, Israel may carry out major retaliation in the coming hours.
Iran launched the largest-ever missile attack on Israel overnight! Iran warns that any response from Israel will result in a devastating attack, with Prime Minister Netanyahu vowing to make them pay, and the usa is ready to defend Israel.
U.S. stocks closed | the Nasdaq fell by 1.5%, Meta and defense stocks hit new highs, while the Chinese index rose more than 5% against the market trend.
Popular Chinese concept stocks surged, Bilibili rose over 14%, Li Auto Inc rose over 11%; Growth Tech Apple fell by 2.91%, Meta rose by 0.70% to a new high, Microsoft fell by 2.23%, Tesla fell by 1.38%, Nvidia dropped by 3.66%.
US stock market early market | The three major indices all fell, with the Nasdaq falling nearly 1%, apple falling nearly 3%; Chinese concept stocks strengthened against the market trend, ke holdings rose nearly 5%, li auto inc rose nearly 4%
On the evening of the 1st Beijing time, US stocks opened lower on Tuesday. Powell's remarks on Monday dispelled market bets on another significant rate cut. This week, the market will focus on September non-farm payrolls and other economic data to further determine the Fed's interest rate outlook.