Futu Morning Post | Fed 'hawkish': interest rate cuts will only stop in December if unexpected inflation appears; Blue chips party night! Shopify soared more than 21%, sea rose more than 10%, stock prices hit a new two-and-a-half-year high.
The Federal Reserve: The one-year inflation expectation for October in the usa fell to a four-year low, Netflix rose nearly 2% to hit a record high, with 70 million monthly active users on the ad-supported subscription plan, labor market expectations are improving.
Trading volume TOP 20 | Tesla fell more than 6%, previously accumulated more than 40% in the past 5 days; Nvidia rose more than 2% approaching a new high, major banks competing to raise target price before earnings report.
On Tuesday, Tesla, with the highest trading volume in the US stock market, fell by 6.15%, with a turnover of $51.421 billion. Prior to this, the stock had risen for five consecutive trading days, with a cumulative increase of over 44% over the five days; Nvidia, ranked second, rose by 2.09%, with a turnover of $29.329 billion; and MicroStrategy, ranked third, rose by 4.88%, with a turnover of $13.736 billion.
U.S. stocks closed | S&P and Nasdaq fell for the first time after election day, 'Trump trade' cools down, Tesla drops more than 6%; Chinese concept stocks generally decline, Xiaopeng drops more than 10%
US stocks fell from record highs, with the S&P and Nasdaq ending their five-day winning streak, Trump's trade temporarily paused, small cap stocks dropped by 1.8%, Trump media fell nearly 9%, bitcoin initially rose to $0.09 million before turning lower, but hit a new high at the close. European stocks fell by about 2%, 2-30 year US Treasury yields rose by more than 10 basis points across the board, the US dollar hit a four-month high, gold hit its lowest level in nearly two months. The yen approached 155, the euro at a one-year low, offshore renminbi halved its decline to rise back above 7.24 yuan.
Federal Reserve voting committee member speaks for the first time after Trump's election: observe the post-election situation first and then determine the impact, be prepared to address risks.
This year, Powell, the chairman of the Federal Reserve, said the Fed is ready to respond to the risks of declining employment or rising inflation as needed. Former Cleveland Fed President Mester said if Trump's tariff policy is implemented, the Fed's rate cut next year may be less than the previously expected four times. "Star board member" and Fed Director Waller said the private sector should take the lead in innovation in the payment industry; stablecoins may be beneficial to the financial system, but legislative solutions are needed to address security issues.
US stocks closed: 'Trump trade' cools down, with all three major indexes falling collectively. Chinese concept stocks plummeted more than 4%.
1. The shares of China concept stocks are generally falling, with the Nasdaq Golden Dragon Index in China falling by 4.45%; 2. Waymo is opening up its self-driving taxi services to all users in Los Angeles; 3. Apple is expected to launch AI-based smart home devices in March at the earliest; 4. Volkswagen will invest up to $5.8 billion in Rivian and its joint ventures.
QQQ ETF Declines 0.2%