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US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
How will Trump 2.0 affect the Federal Reserve? Wells Fargo & Co: Interest rate cuts may not be as expected.
At present, the conclusion drawn by analysts is that, considering the inflationary impact of increased tariffs, Trump's second term may ultimately lead to a lower-than-expected interest rate cut by the Federal Reserve.
The probability of Donald Trump returning to the White House has surged, prompting bond investors to sell long-term US bonds in unison.
Bond fund managers from large institutions are all selling long-term US bonds. This is mainly because they are worried that Trump's trade and fiscal policies may push up inflation and US debt levels over time.
US stock market preview | Deploy to solve downtime issues! CrowdStrike fell by 12%; Tesla slightly increased, raising the sales price of Model S/X.
Wall Street tycoons are rallying behind technology stocks, believing that the plunge is only temporary and presents a great buying opportunity. How will Trump 2.0 affect the Federal Reserve? Wells Fargo & Co. believes that the magnitude of the interest rate cut may not meet expectations. Citigroup says that OpenAI will become Broadcom's fourth largest customer. The new AI chips are expected to be delivered in the second half of next year.
This week's hot US stocks: "Interest rate trade" and "Trump trade" dominate the market! Strong gains in US regional bank stocks, while MSTR, a currency-holding stock, jumped more than 11% this week.
With the change in expectations for the Fed's interest rate cuts and the increasing probability of former US president and Republican candidate Trump winning the US election again, the trading logic of the market seems to have changed overnight: the US stock sectors have undergone violent rotation, technology stocks have sharply retreated, cyclicals and small-cap stocks have rebounded strongly.
Investment banks are discussing! The initial application for unemployment benefits in the USA reaches a record high, and the FED may become more certain to cut interest rates.
①In the week ending July 13th, the number of initial jobless claims in the USA reached the highest level since August 2023. ②Texas had the largest increase in first-time unemployment claims last week due to the impact of Hurricane "Peridot". ③Analysts believe that the data clearly points to a cooling labor market, providing further reasons for the Federal Reserve to start cutting interest rates soon.