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S&P 500 Index Newsroom
As the election battle heats up, how did Donald Trump become the favorite of quick-money traders?
The volatility of the financial market is often accompanied by uncertainty, and Donald Trump's improvisational style seems to be a catalyst for this uncertainty.
Express News | Goldman Sachs: If the Republican Party wins the US election, the yield curve of US bonds may not necessarily become steeper.
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%.
IMF has once again strongly criticized the United States, discussing deficits, debt, trade, and banks.
On Thursday, International Monetary Fund (IMF) made unusually harsh criticism against its largest shareholder, the United States, involving the US deficit, debt, trade rules, and banking regulations. IMF stated that the US deficit is too large, and the country is burdened with too much debt, and warned of the dangers of the country's increasingly aggressive trade policies. In its annual assessment of the US economy, IMF staff stated that a large fiscal deficit has led to a sustained rise in the ratio of public debt to GDP. The continued expansion of trade restrictions and insufficient progress in addressing the vulnerabilities exposed by the 2023 banking collapse pose significant downside risks.
Fed committee member: Inflation has resumed its decline, and only one interest rate cut is expected this year.
Atlanta Fed President Bostic said that as signs show that inflation has resumed its decline, he still expects only one rate cut this year, which will happen in the fourth quarter, consistent with his view in March. Regarding the monetary policy trend in 2025, Bostic expects four rate cuts next year, but he also emphasized that he doesn't have too much confidence in such distant predictions.
Before the release of the heavyweight inflation report PCE, Wall Street remained indifferent at the close of the US stock market.
The US stock market was calm on Thursday, June 27th, after a series of economic data releases, and there were no waves in the stock market. Wall Street is looking forward to the most important monthly inflation data PCE to find clues as to when the Fed will start cutting interest rates. At the same time, investors should also pay attention to tonight's US presidential debate.
Express News | The three major US stock indexes collectively rose, with the Dow up 0.09%, the Nasdaq up 0.3%, and the S&P 500 up 0.09%. Popular technology stocks had mixed performance, with Amazon up more than 2% and Nvidia down nearly 2%.
Express News | IMF: The core CPI of the USA is expected to be around 2.5% in 2024, and is expected to fall back to the target of 2% in mid-2025.
Strategists warn that if interest rates are not lowered in 2024 and there is a "superimposed" stagflation, the US stock market will experience a 10% pullback.
On Thursday, June 20th, Barry Bannister, Chief Stock Strategy Analyst of Stifel, said that the stock market seems to be entering a correction, and the unstable economic and monetary policy environment may cause a 10% decline in stock prices.
A verbal battle between two old men is about to begin, which Wall Street fears the most.
As the first round of debates between Biden and Trump approaches, investors not only hope to understand their policy positions but also closely monitor their behavior and conduct.
Goldman Sachs has internal disagreements regarding the most sensitive issues in AI, but "even if it is a bubble, it will continue for a long time".
Goldman Sachs analysts generally believed that the shortage of chips and electrical utilities supply could limit the development potential of AI technology. However, if AI can significantly accelerate economic growth and corporate profitability without exacerbating inflation issues, the long-term return on the S&P 500 index will be higher than the average level.
Alarm bells ringing again! Consumer spending in the USA is showing signs of decline, making the reasons for the Fed's interest rate cuts more justifiable?
In the latest quarterly GDP report, consumer spending was significantly lowered, and Fed's Borstic maintained his prediction that Fed may lower interest rates once in the fourth quarter.
The US first quarter GDP and core PCE spending have been slightly revised upward, and economic growth may rebound in the second quarter.
In the first quarter of this year, the actual GDP of the USA increased by 1.4% on a seasonally adjusted annual basis, up 0.1 percentage points from the revised value of 1.3%, but slowed down from 3.4% in the fourth quarter of last year, marking the slowest growth rate in nearly two years.
Last week, the number of initial job claims in the United States continued to rise to the highest level since the end of 2021, and core durable goods orders in May saw the largest decline so far this year.
The number of initial jobless claims in the United States for the week of June 22 decreased to 233,000, lower than expected.
The secret to profiting from trade lies in execution, do not give up on a successful trading system.
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