Futu Morning Report | Goldman Sachs expects the Fed to "skip" interest rate cuts in January! Powell's speech may impact the market; Tesla surged over 6%, boosting the Nasdaq, and Quantum Concept stocks collectively exploded.
China's central bank has recently announced to appropriately reduce the reserve requirement ratio and interest rates. The State Council Meeting proposed to develop and strengthen long-term capital and patient capital; Bitcoin has surpassed 107,700 dollars, setting a new historical high, Ethereum has returned to 4,000 dollars, and most cryptocurrency concept stocks have risen.
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Google has significantly updated its generative AI, launching the video model VEO 2 and the latest version Imagen 3.
Google's flagship AI research lab, Google DeepMind, significantly upgraded its AI-driven content generation tools on Monday, launching the Veo 2 video generation model and the enhanced Imagen 3 image model, challenging OpenAI's leading position in AI image and video generation. Google stated that these updates are expected to profoundly transform creative workflows, offering video and image creators a higher degree of realism and customization.
The Federal Reserve's 'mouthpiece' has made a statement before the meeting: the Fed's strategy for interest rate cuts is constantly changing.
The "Fed's mouthpiece" stated in its latest article that the Federal Reserve is facing another potential turning point. After this week, officials are ready to slow down or even stop interest rate cuts.
Wall Street's darling changes hands? The chip giants diverge: Broadcom rises over 11% to reach a new high, while NVIDIA falls into the correction zone.
Despite the lack of support from NVIDIA, on Monday, the Nasdaq Composite Index still reached a historic high. On the same day, other semiconductor stocks also performed well. Micron Technology rose over 5% ahead of its upcoming quarterly Earnings Reports, peaking at over 8% during the session. Marvell Technology increased by 3.3%.
Super Micro Drops Below 50-Day Average, Faces Nasdaq 100 Removal Just Months After Entry
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
Top economists: The Federal Reserve is facing a choice, and Powell may hint at pausing interest rate cuts in January next year!
Renowned economists indicate that in order to cope with inevitable decision points, the Federal Reserve must change its policy-making approach.
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Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fueling Crypto Stocks Rally: What's Driving Markets Monday?