US stocks in early trading | The three major indexes rose collectively, Chinese concept stocks and technology stocks strengthened collectively, Li Auto Inc rose nearly 9%, Tesla rose over 3%.
USA retail sales exceeded expectations in August, indicating that the consumer situation in the USA remains healthy. The Federal Reserve will begin its two-day monetary policy meeting today and announce the meeting results tomorrow. Wedbush brokerage stated that AI stocks like Nvidia will benefit from the Fed's rate cut.
Preview of US stocks | August retail sales data exceeds expectations, three major futures indices slightly rise; Bullish news frequently! Intel pre-market up nearly 7%.
Microsoft is giving out "red envelopes": dividend increase of 10%, planning to repurchase up to 60 billion US dollars; "New Fed Communication Agency" reiterated uncertainty: the magnitude of the first interest rate cut is still suspenseful.
Futu Morning Post | Senators jointly write to Powell, urging a 75 basis point rate cut this week; Intel to customize AI chips for amazon, with stock soaring over 11% after hours.
Barclays argues that if Trump implements unilateral forex intervention to weaken the US dollar, the cost will be too high; Ultraman has left the OpenAI safety and security committee, which will be chaired by Zico Kolter.
US stock market preview | Three major futures show mixed trends, Apple falls more than 2% before the market; Has the expectation of interest rate cuts changed again? Multiple senior central bank journalists speak out: There should be a 50 basis point rate
Trump Media Technology Group's pre-market rose nearly 2%, Trump suspected of being targeted for "assassination attempt" again; Intel pre-market rose more than 1%, news said it received a $3.5 billion subsidy to produce chips for the U.S. military; U.S. stocks survived the "summer storm", but this time it all relied on "S&P 493".
The US stock market survived the "summer storm", but this time it relied entirely on the "S&P 493".
Since mid-July, the seven major technology stocks in the US stock market have fallen by 5.3%, while the S&P 500 index has fallen by less than 1%. The rise of other companies outside the 'Big Seven' has offset most of the decline in technology stocks, with the real estate and utilities sectors both rising by 11%.
After two reports shook the market last week, another senior central bank journalist has spoken out: interest rates should be cut by 50 basis points!
Senior reporter Greg Ip believes that the current actual short-term interest rate has reached 3.2% to 3.5%, while the "neutral" actual interest rate range considered by the Federal Reserve officials is only 0.5% to 1.5%. The Federal Reserve should start cutting interest rates in July. If this time they only cut by 25 basis points, and if there are more weak data released in the future, the Federal Reserve will fall further behind market expectations.