US Market Outlook: Still Confident Interest Rate Cuts Within the Year = Bostic President Dow Average Starts at $79 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 78.76 dollars to 39466.52 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16389.02 with a 42.76 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, rose 11.41 points to 5225.49.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 78.76 dollars to 39466.52 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16389.02 with a 42.76 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, rose 11.41 points to 5225.49.
Top news
US Atlanta Fed President is still convinced that interest rates will be cut by the end of the year, the timing is uncertain
President Bostic of the US Atlanta Area Federal Reserve Bank expressed the view on the 10th that there is a high probability that the US Federal Reserve (FRB) will cut interest rates by the end of the year, even if the decline in the inflation rate is moderate. The timing and extent of interest rate cuts were uncertain. I answered an interview with Reuters.
US Atlanta Fed President is still convinced that interest rates will be cut by the end of the year, the timing is uncertain
President Bostic of the US Atlanta Area Federal Reserve Bank expressed the view on the 10th that there is a high probability that the US Federal Reserve (FRB) will cut interest rates by the end of the year, even if the decline in the inflation rate is moderate. The timing and extent of interest rate cuts were uncertain. I answered an interview with Reuters.
TSMC's April sales increase 60% - AI demand continues to grow
The largest semiconductor contract manufacturer, $Taiwan Semiconductor(TSM.US$April sales rose 60% to 236 billion Taiwan dollars (approximately 1.13 trillion yen). Demand for artificial intelligence (AI) continued, and it was supported by signs of recovery in home appliances.
The largest semiconductor contract manufacturer, $Taiwan Semiconductor(TSM.US$April sales rose 60% to 236 billion Taiwan dollars (approximately 1.13 trillion yen). Demand for artificial intelligence (AI) continued, and it was supported by signs of recovery in home appliances.
US biotech company Novavax's stock price temporarily rises 217% - favorable agreement with Sanofi
A major French pharmaceutical company $Sanofi(SNY.US$and US biotech companies $Novavax(NVAX.US$A license agreement was agreed upon, including commercialization of mixed vaccines that are effective against both the novel coronavirus infection (COVID 19) and influenza. Novavax's stock price skyrocketed due to this announcement. It temporarily reached a 217% increase due to overtime trading in the early morning of the 10th US time.
A major French pharmaceutical company $Sanofi(SNY.US$and US biotech companies $Novavax(NVAX.US$A license agreement was agreed upon, including commercialization of mixed vaccines that are effective against both the novel coronavirus infection (COVID 19) and influenza. Novavax's stock price skyrocketed due to this announcement. It temporarily reached a 217% increase due to overtime trading in the early morning of the 10th US time.
Tesla to invest over $500 million to expand quick charger network
Major US electric vehicle (EV) company $Tesla(TSLA.US$Chief Executive Officer Elon Musk (CEO) revealed plans to expand the quick charger “supercharger” network by investing 500 million dollars (about 77.8 billion yen) or more by the end of the year.
Major US electric vehicle (EV) company $Tesla(TSLA.US$Chief Executive Officer Elon Musk (CEO) revealed plans to expand the quick charger “supercharger” network by investing 500 million dollars (about 77.8 billion yen) or more by the end of the year.
Global copper demand, center of discussion from EVs to data centers
Michael Widmer, commodity (product) strategist at Bank of America (Bankame), mentioned that growth from the electric vehicle (EV) industry is expected to fall below initial expectations regarding copper demand. He said that in the future, attention is being drawn to the extent to which data centers and related infrastructure that also use a lot of copper can boost demand by that amount.
Michael Widmer, commodity (product) strategist at Bank of America (Bankame), mentioned that growth from the electric vehicle (EV) industry is expected to fall below initial expectations regarding copper demand. He said that in the future, attention is being drawn to the extent to which data centers and related infrastructure that also use a lot of copper can boost demand by that amount.
-MOOMOO News Citron
Source: Bloomberg, Reuters, Dow Jones
Source: Bloomberg, Reuters, Dow Jones
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