2023-06-07 21:18:55
US stocksDow Jones IndexWednesday (7th) closed higher,That fingerClosed nearly 1.3%, led by energy and materials, Tesla closed in red for the ninth consecutive trading day, but the gains in technology stocks cooled before the Federal Reserve held an interest rate meeting next week.
In terms of politics and economy, the Fed will hold a monetary policy meeting on June 13-14. At present, Fed officials have entered a period of silence before the meeting. The market expects that the probability of the Fed’s interest rate hike in June will be regarding 70%. The chances of raising interest rates in July are regarding 66%, which is expected to be the last rate hike this year.
Following in the footsteps of the Reserve Bank of Australia, the Bank of Canada unexpectedly announced an interest rate hike of 1 yard on Wednesday, with the policy rate rising to 4.75%, a new high since 2001. Canada has suspended interest rate hikes twice before. The 2-year U.S. Treasury yield climbed to 4.548% from 4.523% on Tuesday, while 10-Year U.S. Treasury YieldFrom 3.699% to 3.782%.
U.S. Treasury Secretary Janet Yellen said in an interview on Wednesday that the U.S. economy is strong amid strong consumer spending, but some areas are slowing, and she expects continued progress in reducing inflation over the next two years.
The performance of the four major indexes on Wednesday (7th):
- US stocksDow Jones IndexIt gained 91.74 points, or 0.27%, to close at 33,665.02.
- NasdaqThe index fell 171.52 points, or 1.29 percent, to close at 13,104.9.
- S&P 500 IndexIt fell 16.33 points, or 0.38%, to close at 4,267.52.
- Philadelphia SemiconductorThe index fell 11.17 points, or 0.32%, to close at 3,477.18.
Focus stocks
The five kings of science and technology are bloody. Amazon (AMZN-US) down 4.25%; Meta (META-US) down 2.77%; Apple (AAPL-US) fell 0.78%; Alphabet (GOOGL-US) down 3.78%; Microsoft (MSFT-US) fell 3.09%.
Dow JonesConstituent stocks have their ups and downs. Kintor Heavy Industries (CAT-US) rose 3.91%; 3M (MMM-US) rose 2.76%; Merck (MRK-US) down 1.27%; Visa (V-US) down 1.29%; Salesforce (CRM-US) down 3.35%.
fee halfConstituent stocks were led by AMD. Applied Materials (AMAT-US) rose 0.80%; AMD (AMD-US) down 5.15%; Micron (MU-US) fell 0.71%; Texas Instruments (TXN-US) up 0.96%; Qualcomm (QCOM-US) fell 1.01%; Huida (NVDA-US) fell 3.04%.
Taiwan stocks ADR only Chunghwa Telecom received black. TSMC ADR (TSM-US) rose 0.47%; ASE ADR (ASX-US) rose 1.66%; UMC ADR (UMC-US) rose 0.36%; Chunghwa Telecom ADR (CHT US) fell 0.22%.
Corporate News
apple (AAPL-US) closed down 0.78 percent at $177.82 a share. Bloomberg senior technology reporter Mark Gurman pointed out that it is predicted that Vision Pro Zeiss lenses will cost at least 300-600 US dollars a pair, unless Apple bears part of the cost, because the price of Vision Pro itself is already high.
GameStop Wednesday (GME-US) surged more than 5% to $26.11 per share, and the stock price plummeted more than 19% following hours. GameStop announced the firing of CEO Matthew Furlong and said its board of directors has elected activist investor Ryan Cohen as executive chairman, effective immediately.
Amazon (AMZN-US) slipped 4.25% to $121.23 per share. Amazon plans to launch an ad version of its Prime Video streaming service in a bid to further grow its ad business and generate more revenue, sources said.
10 Tesla vehicles are eligible for a $7,500 tax credit, and the Mongolian government welcomes the possibility of Tesla building an electric vehicle battery factory in Mongolia, Tesla (TSLA-US) received a dividend of 1.47% to US$224.57 per share, receiving dividends for the ninth consecutive trading day.
Wall Street Analysis
Ray Dalio (Ray Dalio), founder of Bridgewater Associates, the world’s largest hedge fund, said: “Although interest rates will not rise sharply, the economy will get worse. We are at the end of the debt crisis cycle. There is too much debt and there is a shortage of buyers.”
Citigroup economists commented: “The monetary policies of other central banks such as Australia and Canada not only illustrate the economic dangers of prematurely suspending interest rate hikes, but also indicate that the rebound in inflation may trigger ‘surprise’ interest rate hikes. The Fed may suspend interest rate hikes Following a similar experience in the U.S., once it becomes clear that policy rates are not sufficiently restrictive, central banks may respond by raising rates early on.”
The numbers are all updated before the deadline, please refer to the actual quotation
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