Powell further lowered expectations of interest rate cuts, and the volatility of the US stock market increased. The S&P 500 and Nasdaq indices fell for three consecutive days, hitting their lowest point in nearly two months, while the Dow Jones index finally stopped falling after six consecutive days of decline. In terms of technology stocks, Tesla and Apple continued to decline, while new chips equipped with AI technology caused AMD and Nvidia to reverse the market.
Furthermore, Morgan Stanley bucked the trend and rose 2.5% after the earnings report was released, while Bank of America plummeted 5% in the intraday period, the biggest decline in more than a year. At the same time, Volkswagen's sales of electric vehicles in the European market have declined significantly. Analysts believe that this trend is related to European governments' reduction in electric vehicle subsidies.
In terms of Federal Reserve policy, Chairman Powell's latest speech has further dampened market expectations for short-term interest rate cuts. He pointed out that since inflation lacks further improvement, it may be appropriate to keep interest rates high. Following this statement, the two-year US Treasury yield and the US dollar index both climbed to recent highs, while the yen continued to fall.
In the commodity market, crude oil prices tried to rebound unsuccessfully and fell for the second day in a row. The price of gold continued to rise, reaching a record high for the fourth day in a row. In the metal market, the price of copper has fallen below the highest level in the past two years, while the price of aluminum has reached a 14-month high. Meanwhile, the price of Bitcoin plummeted by more than $2,000 in one day, falling below the $62,000 mark.
In the Chinese market, the China Securities Index continued to fall, hitting a two-month low, and NIO Auto fell more than 2%. The offshore renminbi is hitting five...

[Brief description] More stable investors prefer to invest in dividends from banks, infrastructure, REIT, etc., because of the stable performance of this type of business, dividends are also quite generous. As a REIT writer, I'm certainly no exception. However, in addition to the above projects, there are other shares with generous dividends, one of which is preference shares (preference shares).
This type of stock has steady characteristics, and dividends are guaranteed, and declines are rare.
Regarding the characteristics of preferred stocks, I will explain the benefits of investing in preferred stocks on the upcoming live broadcast.
[Speaker] Yan Yue, a Malaysian financial writer, published “Buying an Industry Starting at RM100: How to Invest in Reits”, “Buying Stocks Starting at RM100: Making Money Automatically Come to the Door”, and “Malaysian Stocks Are Easy to Understand: Stock News”.
[Join us] Tailored for moomoo users! See you on March 24th at 8.00pm! Do you want to generate a steady passive income? Let's get to know it together!
[Disclaimer] All opinions expressed in the live broadcast and video are based on the independent opinions of the presenter (Yan Yue). Moomoo and its affiliates are not responsible for their content or opinions.