Ivonne Stalls
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US Stock Market Review 22 - 29 Apr 2024
$S&P 500 Index (.SPX.US)$ 1.71% DJI 0.8% Nasdaq 4.2%
$S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ achieved their best week since November due to strong earnings by Big tech companies and recent U.S. inflation figures.
Events to watch:
- Continuation of earnings season from tech giants such as Apple, AMD and Amazon
- 2 May - Federal Reserve’s next interest rate decision
- 3 May - Nonfarm payroll an...
$S&P 500 Index (.SPX.US)$ 1.71% DJI 0.8% Nasdaq 4.2%
$S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ achieved their best week since November due to strong earnings by Big tech companies and recent U.S. inflation figures.
Events to watch:
- Continuation of earnings season from tech giants such as Apple, AMD and Amazon
- 2 May - Federal Reserve’s next interest rate decision
- 3 May - Nonfarm payroll an...
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The US stock market showed a strong rebound trend this week. Among them, the S&P 500 Index and the Nasdaq Index both achieved gains of more than 1% for two consecutive days, and the Dow Jones Index also rose for four consecutive days, reaching the highest point in two weeks. The performance of technology stocks was particularly impressive. In particular, Nvidia had a cumulative increase of nearly 4% within two days, making it the leading gainer among the “Seven Sisters” of technology. After falling for seven consecutive days, Tesla experienced a sharp rise of 11% after the after-hours earnings report was released.
In terms of US economic data, the poor performance of the PMI data led to a record low in US bond yields, and the US dollar index hit a new low of more than a week. Meanwhile, the yen quickly rebounded after hitting a new low since 1990. Crude oil prices achieved a V-shaped reversal within a day, and gold and silver prices also rebounded sharply from intraday lows. Furthermore, the price of rentin plummeted by more than 7%, while the price of copper continued to fall from a two-year high.
Against the backdrop of a sharp drop in revenue in the first quarter, Tesla still expects to launch humanoid robots next year, and plans to release more details about its cheap models on August 8. These are all the focus of market attention, and Tesla surged 11% after the market focused. Meanwhile, Apple plans to release the new iPad at a special event on May 7, despite a 19% drop in iPhone sales in the Chinese market.
In the European market, the pan-European stock index also recorded an increase of more than 1%, the biggest one-day increase in three months, and the British stock market continued to hit record highs. Software giant SAP's stock price surged more than 5% after announcing its earnings report.
In the city of China...
In terms of US economic data, the poor performance of the PMI data led to a record low in US bond yields, and the US dollar index hit a new low of more than a week. Meanwhile, the yen quickly rebounded after hitting a new low since 1990. Crude oil prices achieved a V-shaped reversal within a day, and gold and silver prices also rebounded sharply from intraday lows. Furthermore, the price of rentin plummeted by more than 7%, while the price of copper continued to fall from a two-year high.
Against the backdrop of a sharp drop in revenue in the first quarter, Tesla still expects to launch humanoid robots next year, and plans to release more details about its cheap models on August 8. These are all the focus of market attention, and Tesla surged 11% after the market focused. Meanwhile, Apple plans to release the new iPad at a special event on May 7, despite a 19% drop in iPhone sales in the Chinese market.
In the European market, the pan-European stock index also recorded an increase of more than 1%, the biggest one-day increase in three months, and the British stock market continued to hit record highs. Software giant SAP's stock price surged more than 5% after announcing its earnings report.
In the city of China...
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$Microsoft(MSFT.US$ I am in until the moat dries up. I don't have a crystal ball, but I don't see that as an immediate threat. With azure and other products working seamlessly, subscriptions, surface computers, and MSFT bolting on acquisitions I feel safe. For now.
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$MasterCard(MA.US$has announced a new share repurchase program to buyback up to $8B of its Class A common stock.
The latest authorization will become effective at the completion of the company's previously announced $6B program. Approximately $4.4B remains outstanding under the current program authorization.
$8B share repurchase authorization represents 2.5% of current market cap of $318.5B.
In other news, Mastercard raised its quarterly dividend by 11% to $0.49.
Shares are +0.66% AH
The latest authorization will become effective at the completion of the company's previously announced $6B program. Approximately $4.4B remains outstanding under the current program authorization.
$8B share repurchase authorization represents 2.5% of current market cap of $318.5B.
In other news, Mastercard raised its quarterly dividend by 11% to $0.49.
Shares are +0.66% AH
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$Apple(AAPL.US$ For the first time buying
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$Tesla(TSLA.US$ Isn't it to shrink the balance sheet and raise interest rates? Why is this product still rising?
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