US Market Outlook: Game Stop and other meme stocks soar! The Dow Average started at $35 higher
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This is the reading for tonight's NY stock.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 35.25 dollars to 39466.76 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16391.16 with a 2.92 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 0.32 points to 5221.10.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 35.25 dollars to 39466.76 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16391.16 with a 2.92 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 0.32 points to 5221.10.
Top news
The April US Producer Price Index (PPI) increased 0.5% from the previous month, and the core index, which exceeds market expectations, is up 0.5%, which greatly exceeds expectations
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Aprilis0.5% increase from the previous month、The 0.3% increase was higher than expected by the market.The previous month0.2% increasethrough0.1% reductionRevised downward to. It was a 2.2% increase compared to the same month last year, which was in line with market expectations.
The April US Producer Price Index (PPI) increased 0.5% from the previous month, and the core index, which exceeds market expectations, is up 0.5%, which greatly exceeds expectations
The U.S. Department of Labor will make an announcementProducer Price Index (PPI) for Aprilis0.5% increase from the previous month、The 0.3% increase was higher than expected by the market.The previous month0.2% increasethrough0.1% reductionRevised downward to. It was a 2.2% increase compared to the same month last year, which was in line with market expectations.
Game stops and AMC skyrocketed overtime! The popularity of meme stocks has rekindled!
Due to overtime trading on the 14th, $GameStop(GME.US$ Shares surged over 160% at one point. The current stock price is 60.38 dollars, which is 98.29% higher. $AMC Entertainment(AMC.US$ It also rose by over 150% at one point.
Due to overtime trading on the 14th, $GameStop(GME.US$ Shares surged over 160% at one point. The current stock price is 60.38 dollars, which is 98.29% higher. $AMC Entertainment(AMC.US$ It also rose by over 150% at one point.
Stock prices are at risk of stagflation - Hartnett
Investors' optimism has reached a high level for the first time in two and a half years due to expectations for lower US interest rates, but Bank of America (BoFA) strategist Michael Hartnett pointed out that if further signs of stagflation appear, stock prices will fall.
US government adds up to 100% tariffs on EVs and semiconductors made in China
The US government announced on the 14th that it will impose a 100% sanctions tariff, which is 4 times the current situation, on electric vehicles (EVs) made in China. Tariffs on imported goods worth a total of 18 billion dollars (about 2.8 trillion yen), such as semiconductors, solar panels, steel and aluminum, etc. will be raised. China suggested countermeasures.
Investors' optimism has reached a high level for the first time in two and a half years due to expectations for lower US interest rates, but Bank of America (BoFA) strategist Michael Hartnett pointed out that if further signs of stagflation appear, stock prices will fall.
US government adds up to 100% tariffs on EVs and semiconductors made in China
The US government announced on the 14th that it will impose a 100% sanctions tariff, which is 4 times the current situation, on electric vehicles (EVs) made in China. Tariffs on imported goods worth a total of 18 billion dollars (about 2.8 trillion yen), such as semiconductors, solar panels, steel and aluminum, etc. will be raised. China suggested countermeasures.
— MooMoo News Zeber
Source: Bloomberg, Reuters, Dow Jones, Nihon Keizai Shimbun
Source: Bloomberg, Reuters, Dow Jones, Nihon Keizai Shimbun
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