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...

For the first three months of 2024, the consumer price index was 3.6%, slowing from the 4.1% annual pace in the December quarter as released by the ABS this morning. However, this is slightly higher than economists had tipped, indicating CPI would drop to 3.5%.
The March quarterly inflation rate was 1%, compared with the 0.6% pace in the December quarter, which was around 0.2 more than anticipated.

According to historical statistics, the U.S. stock market has outperformed Canadian and international stocks in every period stretching back 30 years. The vast, lucrative US stock market, accounting for 60% of the world's market cap, awaits Canadian investors eager to expand their horizons.
The Q1 earnings season for US stocks is in full swing. According to data compiled by Bloomberg, U.S. stock "Mag 7" profits are expecte...

Because the market as a whole knows this trash is likely going to zero by EOY, my profits barely moved after this bounce. LOL
trash stock, trash followers

Canada's annual inflation rate ticked up as expected to 2.9% in March, but the central bank's closely watched measures of core inflation eased for a third straight month, data showed on Tuesday, reviving bets for a June interest rate cut.
After the data release, money market saw a roughly 55% chance of a June rate cut from a 44% chance earlier. Here’s what economists are saying about the latest numbers:
CIB...