No Data
The most hawkish official of the Federal Reserve has spoken again: it is not appropriate to lower interest rates now, and will still be willing to raise interest rates if inflation continues to remain high!
Federal Reserve Board Member Bowman stated that it is currently not appropriate to lower interest rates. She pointed out that if inflation moves towards the Fed's 2% target, a rate cut may be considered; but if inflation does not slow down, she is still willing to raise interest rates.
Express News | The International Monetary Fund lowered its forecast for the actual GDP growth rate of the USA.
Futu Early Report | The first debate of the 2024 US election is about to begin! Focusing on these four major issues; all eyes on it! The Federal Reserve's favorite inflation indicators will be released tonight.
Bowman reiterated that he is not prepared to cut interest rates until more pronounced inflation recedes; Bank of America: If the yen falls to 164.5, the risk of Japanese authorities intervening in the market will increase; The US Senate committee has launched an investigation into 18 oil producers.
"Smart money" is accelerating the sale of technology stocks and buying into the financial and energy sectors.
While the media and analysts are busy focusing on the competition for market cap between Nvidia, Microsoft and Apple, "smart money" has been selling technology and internet-related stocks.
Top 20 Turnover | Amazon will launch a low stock price store, and the stock price will hit a new historic high; A new target for the 'leader of retail investors'? Chewy's intraday surge exceeded 34%.
On Thursday, Nvidia, ranked first in trading volume on the U.S. stock market, fell by 1.91%, with a trading volume of $31.317 billion and a market cap still over $3 trillion. Tesla ranked third, rose 0.53%, with a trading volume of $14.262 billion.
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.