ETF tracking | Volatility double long ETF rose by 16%; Leveraged long ETF for super micro computer plummeted over 70% in two days
On Thursday, October 31, the three major stock indexes in the United States all fell. The s&p 500 index closed down 108.22 points, a decrease of 1.86%, to 5705.45 points. The October cumulative decline was 0.99, ending the continuous rise since May. The dow jones industrial average fell 378.08 points, a decrease of 0.90%, to 41763.46 points. The October cumulative decline was 1.34%, ending the uptrend since May. The nasdaq composite index, mainly composed of technology stocks, also closed lower.
US stocks early market | Non-farm data does not change the rise of US stocks, with all three major indices collectively surging; growth tech stocks erase yesterday's slump, amazon soars 6% approaching historical highs.
Apple fell by 0.54%, profits were dragged down by a hundred billion in back taxes; Intel rose by 5%, fourth quarter revenue and adjusted earnings per share guidance exceeded expectations.
US stock market outlook: Non-farm data cools significantly! Expectations of interest rate cuts increase for the year; Amazon and Intel performance exceed expectations, easing the downward trend of growth tech stocks yesterday.
Apple's iPhone revenue turned around last quarter, but sales in China were lackluster, dropping nearly 2% pre-market; Buffett has continuously increased his shareholding in Sirius XM, raising his stake to 33%.
Global economy's "ksm" exports growth slowed down in October, bringing uncertainties with the usa election.
1. Friday's data showed that south korea's exports growth slowed to a seven-month low in October, below market expectations; 2. Due to the uncertainties brought by the usa election and the global economic cycle itself, the outlook of south korea's economy faces risks.
Trump and Harris Plans Could Stoke Inflation. That Means a More Hawkish Fed
"Trump trade" and dealing with "Trump trade"
Analysis suggests that, in response to potential tariff shocks, it may be appropriate to adjust the exchange rates of the Renminbi to cope, and it is recommended to avoid some heavy asset enterprises. Potential tariffs may lead to a contraction in external demand, prompting a stronger focus on stimulating domestic demand, potentially elevating consumer to an unprecedented level in financial stimulus.