2023-11-24 14:41:29
U.S. stocks are expected to close early on Friday (24th), with early tradingDow Jones Indexup 0.13%,S&P 500 Indexup 0.01%,NasdaqThe index fell 0.22%,half feedown 0.07%.
Recently, as market expectations that the Federal Reserve will raise interest rates have peaked, U.S. government bond yields hit multi-month lows this week, and U.S. stocks have strengthened. So far in November,NasdaqThe index has risen 11%. Dow Jones Indexrose nearly 7%,S&P 500 IndexIt rose more than 8% and was on track to rise for four consecutive weeks.
Retail will be in the spotlight these days, as today is Black Friday, the annual sales spree that typically kicks off the crucial holiday shopping season into full swing.
A survey conducted in early November by the National Retail Association, a trade organization, showed that 130.7 million people are expected to shop in physical stores and online in the United States during Black Friday this year, setting a record high. However, U.S. holiday spending is expected to grow at its slowest pace in five years as many shoppers face financial stress.
News that Israel and Hamas will begin a four-day truce today, with the first batch of 13 Israeli women and children hostages expected to be released later in the day, also helped boost sentiment.
As of Friday 22:00 Taipei time:
Dow Jones IndexUp 45.04 points or 0.13%, temporarily reported at 35318.07 points
NasdaqIt fell 31.46 points or 0.22% and was temporarily at 14234.4 points. The S&P 500 was up 0.67 points or 0.01% and was temporarily at 4557.29 points.
half feeIt fell 2.62 points or 0.07%, temporarily trading at 3742.34 points. TSMC ADR rose 0.04% to US$98.69 per share.
Ten-year U.S. Treasury yieldUp 8 basis points to 4.49% New York light crude oil fell 1.26% to $76.13 a barrel
Brent crude oilfell 0.34% to $81.14 per barrel
goldrose 0.4% to $2,000.89 an ounce
dollar indexDown 0.06% to 103.71. Focus stocks:
Huida (NVDA-US) rose 0.1% to $487.65
According to media reports, the release of Huida China’s special version of the H20 AI chip will be postponed to the first quarter of next year.
According to reports, people familiar with the matter revealed that Huida has informed Chinese customers that the launch of the H20 AI chip will be postponed to the first quarter of next year because the server manufacturer has encountered problems integrating the chip. In order to comply with the new US export restrictions, Huida has developed three chips for the Chinese market, namely H20, L20 and L2. The H20 is the most powerful one.
According to people familiar with the matter, H20 may be launched in February or March next year. This may complicate Huida’s battle for market share in China with local Chinese companies.
Amazon (AMZN-US) rose 0.12% to $146.89
Amazon (AMZN-US) employees went on strike simultaneously in multiple locations across Europe on Friday (24th), picking the American e-commerce giant’s busiest shopping period of the year to protest.
The global movement “Make Amazon Pay” coordinated by the UNI Global Alliance stated that strikes and protests will be held in more than 30 countries from the so-called “Black Friday” to “Cyber Monday”.
According to people familiar with the matter, EU antitrust regulators will unconditionally approve Amazon’s $1.4 billion acquisition of sweeping robot manufacturer iRobot (IRBT-US) transactions.
Key daily economic data: The initial value of the US comprehensive PMI in November is expected to be 50.4, the previous value is 50.7 The initial value of the US manufacturing PMI in November is expected to be 50.3, the previous value is 50.6 The initial value of the US service industry PMI in November is expected to be 49.9, the previous value is 50 Wall Street analysis:
In a note to clients this week, the Bank of America team believes the coming year will be a “stock picker’s paradise” as markets move beyond the “biggest macro uncertainty” investors have faced this year.
“The market has absorbed a major geopolitical shock, and the good news is that we are talking regarding bad news,” the team wrote. “Macro signals are mixed, but individual stock profits are still good. We are not bullish in anticipation of a rate cut from the Fed, but in anticipation of a rate cut from the Fed.” It’s because of what the Fed has accomplished. Businesses have adapted to higher interest rates and inflation.”
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