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ColumnsStill bearish on the S&P 500
30th May 2024 (Thurs) Daily Market Outlook
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
Summary - What Is Happening In The Markets
US equity markets saw further weakness last night as S&P 500 and NASDAQ futures both dropped by -1.01% and -1.08% respectively. This is due to weak US treasury sales, signalling concerns that funding the US deficit will continue to drive up yields. Further, at a conference, US Fed committee member, Raphael Bostic, commented that the "path to 2% inflation is not assured" and "infla...
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Morning Movers
Gapping up
$NVIDIA(NVDA.US$ stock rose 2.7%, with the tech giant's stock continuing to gain, with its market value surpassing $2.5 trillion since its quarterly results, solidifying its position as the third most valuable company on Wall Street.
$Apple(AAPL.US$ stock rose 1.9% after the iPhone maker's smartphone shipments in China were 52% higher in April than a year ago, according to data from a research firm ...
Gapping up
$NVIDIA(NVDA.US$ stock rose 2.7%, with the tech giant's stock continuing to gain, with its market value surpassing $2.5 trillion since its quarterly results, solidifying its position as the third most valuable company on Wall Street.
$Apple(AAPL.US$ stock rose 1.9% after the iPhone maker's smartphone shipments in China were 52% higher in April than a year ago, according to data from a research firm ...
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Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") announced its unaudited Q1 2024 earnings with US$331.3 million in revenues, up 9.2% quarter-over-quarter ("QoQ") and US$143.3 million in non-GAAP adjusted net income, a QoQ increase of 18.0%.
The results were underscored by the Company's primacy in Hong Kong, as well as its rapid growth and increasin...
The results were underscored by the Company's primacy in Hong Kong, as well as its rapid growth and increasin...
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Last week, U.S. stocks displayed significant divergence. The $Dow Jones Industrial Average(.DJI.US$, dominated by cyclical sectors, fell sharply, while large-cap tech stocks led the $NASDAQ 100 Index(.NDX.US$ and $S&P 500 Index(.SPX.US$ indices to continue their upward momentum.
Nvidia Boosts Tech Stocks Again
Last week, $NVIDIA(NVDA.US$ provided a significant boost to U.S. tech stocks, while the broader market pull...
Nvidia Boosts Tech Stocks Again
Last week, $NVIDIA(NVDA.US$ provided a significant boost to U.S. tech stocks, while the broader market pull...
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ColumnsWhat is Next for the Dollar?
$USD(USDindex.FX$
What is Moving the Dollar?
The U.S. dollar has been on an upward trajectory for the entirety of this year. The dollar's upward strength has been propelled by the high demand for dollars. Much of the demand for dollars is rooted in the high interest rate environment that we have been experiencing. Interest rates are at these high levels to combat inflation.
Will this high interest rate environment continue, which will continue to push up dollar dema...
What is Moving the Dollar?
The U.S. dollar has been on an upward trajectory for the entirety of this year. The dollar's upward strength has been propelled by the high demand for dollars. Much of the demand for dollars is rooted in the high interest rate environment that we have been experiencing. Interest rates are at these high levels to combat inflation.
Will this high interest rate environment continue, which will continue to push up dollar dema...
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Morning mooers! It is Wednesday May 22, the market is cautiously flat, awaiting Nvidia earnings after market closes.
My name is Kevin Travers, and here are the stories moving on Wall Street Today:
$Target (TGT.US)$'s fiscal first-quarter earnings missed Wall Street's estimates by 3C, and were 1% below last year's $2.05. Shares in the firm fell 8% in early trading, the lowest decline on the S&P 500.
The largest gainer on the S&P 50...
My name is Kevin Travers, and here are the stories moving on Wall Street Today:
$Target (TGT.US)$'s fiscal first-quarter earnings missed Wall Street's estimates by 3C, and were 1% below last year's $2.05. Shares in the firm fell 8% in early trading, the lowest decline on the S&P 500.
The largest gainer on the S&P 50...
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