The 'soft landing' narrative dominates the US stock market, will the s&p 500 index reach 6000 points by the end of the year?
The breadth of the rise in the US stock market has significantly expanded, highlighting the optimism in the pricing of a 'soft landing' for the US economy by the funds.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
Express News | E-mini Russell 2000 index futures rose by 1%.
3 key points to focus on in the morning session ~ While assessing the resilience of tech stocks, looking for opportunities with a dividends focus ~
In the morning session on the 26th, it is important to pay attention to the following three points: • Focus on the resilience of high-tech stocks while seeking dividends • Japan's Oracle Corp, 1Q operating profit increased by 20.2% to 22.1 billion yen • Morning focus points: Toyota, accelerating decarbonization in the UK, biogas plant construction • While focusing on the resilience of high-tech stocks and seeking dividends, the Japanese stock market on the 26th started with buying but is likely to be conscious of its resilience while in a stalemate. The US market on the 25th saw the Dow Jones Industrial Average drop by 293 points, Nasdaq
U.S. stocks closed | The Dow Jones and S&P 500 hit new highs intraday before falling, and Nvidia's market cap returned to 3 trillion U.S. dollars.
The Dow Jones Industrial Average fell by nearly 300 points, ending four consecutive gains, both the S&P and Nasdaq hitting record highs. The Hang Seng Tech Index fell by 2.8%, while the Chip Index rose by nearly 1%. Nvidia rose by over 2%, with robust demand for AI boosting Micron Technology's post-market rise of 13%. Bilibili briefly fell by nearly 7%. The US dollar and Treasury yields rose together, oil prices fell by over 2%, and spot gold touched a new high of $2670 before briefly turning lower. The US dollar saw its largest gain in three months, the Japanese yen fell by over 1%, and the offshore yuan saw the deepest drop of nearly 280 points to breach 7.03 yuan.
U.S. stocks closed | S&P, Dow hit new highs again; the China concept index soared over 9% to a two-year high, jd.com surged 14%, pdd holdings rose over 11%.
Unexpectedly sharp drop in US consumer confidence caused a decline in US bond yields and the US dollar, with US stocks initially turning lower followed by a sharp rise. Nvidia rose by about 4%, China concept stocks index surged over 9% to a four-month high and the largest increase in about two years, Bilibili rose by 17%, JD.com rose by nearly 14%, Pinduoduo, Xpeng, Nio, and Li Auto all rose by over 11%. Industrial giant Caterpillar hit a new high, European and American mining, casino, automotive, and luxury goods stocks rose, offshore renminbi rose nearly 600 points from the daily low to touch 7.01 yuan during the session.