The strong performance of US technology stocks last night once again boosted the rise in the US stock market, although the stock market briefly declined due to the Treasury's increase in borrowing expectations for the second quarter. Tesla's stock price surged 15%, the biggest one-day increase in three years, while Apple also rose 2.5%. In contrast, Google and Nvidia experienced a period of fluctuation. Google fell by more than 3%, and Nvidia rebounded slightly after falling nearly 3% in the intraday period.
In the European market, the British stock market hit record highs for three consecutive days. Dutch Philips shares soared 29%, while Deutsche Bank fell nearly 9%. Furthermore, news of Tesla CEO Elon Musk's visit to China attracted market attention, particularly the expectation that fully automated driving technology (FSD) will soon be implemented in China.
The US Treasury unexpectedly raised borrowing expectations for the second quarter. This move did not take into account the possibility that the Federal Reserve might slow down its contraction. Meanwhile, the market continues to pay attention to the Fed's future interest rate policy. Despite expectations of interest rate cuts, the market generally believes that it will not return to the period of ultra-low interest rates.
In the currency market, the yen fell sharply in the Asian market. At one point, it fell below 160 yen to 1 US dollar, a new low since 1990, but then surged 3.5% in the intraday period and once recovered to 155 yen. The US dollar index, on the other hand, turned down in the intraday period and was close to a two-week low. The cryptocurrency market is also quite volatile. Bitcoin's price once fell sharply, falling below the $62,000 mark.
The price of crude oil fell after rising for two consecutive days, and the price of US oil hit a new low in a month...

The US stock market experienced volatile trading this week. Among them, the S&P 500 index and Nasdaq index surged for three consecutive days, while the Dow Jones Industrial Average stopped for four consecutive days. Boeing's stock price rose and then fell after announcing the earnings report, and eventually closed down nearly 3% due to Moody's downgrade. Meanwhile, Tesla rose sharply by 12% after the earnings report was announced, the biggest increase in two years.
Meta's stock price plummeted 18% after the after-market earnings report was announced due to rapid revenue growth in the first quarter but poor future prospects and the expected sharp increase in AI spending. This also dragged down the NASDAQ 100 index by more than 1% in after-market trading. Google, on the other hand, continued its upward trend, rising to a record high for the third day in a row. In contrast, Nvidia dropped 3.3% after rising 2% at the beginning of the session and dived nearly 6% from the daily high.
In other sectors, US orders for core durable goods rose 0.2% month-on-month in March, indicating that commercial equipment orders only increased slightly, indicating that companies were cautious about demand prospects and curtailed investment. In the US Treasury bond market, demand for 5-year US bonds is poor, while 10-year US bond yields rose for the first time this week. On the money market side, the yen fell below 155 US dollars, hitting a new low since 1990 for three consecutive days, while the US dollar index rebounded after hitting a new low of nearly two weeks.
Crude oil prices turned upward in the short term after the US Energy Information Administration (EIA) released crude oil inventory data. Gold, on the other hand, fell for three consecutive days, and futures closed at a new low of nearly three weeks. In the metals market, London copper stopped falling two times in a row,...

In honour of Anzac Day, we're hosting a special event for our Australian community members. Whether you're going to spend the morning at a dawn service, or commemorate in your own way - we wanted to foster camaraderie within the moomoo community.
Inspired by the Aussie classic you'll find at your local pub on Anzac day, we are playing two-up - with a trading twist!
If you aren't familiar with two-up, it is a traditional Australian gambling...

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