வியாழன் மே 16 2024 11:28
6 நிமி
On Wednesday, all three major US stock indexes hit new records, fueled by the latest inflation data.
The Dow Jones Industrial Average climbed 351 points, or 0.9%, to mark its 18th record close of the year. The S&P 500 rose by 1.2%, achieving its 23rd record finish, while the Nasdaq Composite advanced 1.4%, securing its 8th record close of 2024.
In the S&P 500 index, technology stocks and the real estate sector led gains among its 11 major industry groups, rising 2.3% and 1.7% respectively.
This surge in equities was largely attributed to the latest US CPI (Consumer Price Index) report, which showed a year-over-year increase of 3.4% in April — slightly below the prior month’s figure and largely falling in line with forecasts. The annual increase in consumer prices has slowed from a peak of 9.1% in June 2022.
This smaller-than-expected rise in consumer inflation has raised investor expectations for potential interest rate cuts by the Federal Reserve.
நீங்கள் இன்று வர்த்தகத்தைத் தொடங்கியிருந்தால், உங்கள் கற்பனையான P/L ஐக் (செலவு மற்றும் கட்டணங்களுடன்) கணக்கிடுங்கள்.
மார்கெட்
நிதிசார் கருவிகள்
கணக்கு வகை
திசைகள்
அளவு
தொகையானது சமமாக அல்லது அதிகமாக இருக்க வேண்டும்
தொகையானது இதைவிடக் குறைவாக இருக்க வேண்டும்
குறைந்தபட்ச லாட்கள் அதிகரிக்கும் அளவின் அடிப்படையின் மடங்காக தொகை இருக்க வேண்டும்
USD
EUR
GBP
CAD
AUD
CHF
ZAR
MXN
JPY
மதிப்பு
கமிஷன்
ஸ்ப்ரெட்
லிவரேஜ்
மாற்று ஃபீஸ்
தேவைப்படும் மார்ஜின்
ஒரே இரவில் இடமாற்றம்
கடந்தகால செயல்திறன் எதிர்கால முடிவுகளின் நம்பகமான குறிகாட்டியாக இருப்பதில்லைை.
உங்கள் கணக்கின் நாணயத்திலிருந்து வேறுபட்ட நாணயத்தில் குறிப்பிடப்பட்ட கருவிகளின் அனைத்து நிலைகளும், நிலை வெளியேறும் இடத்திலும் மாற்று ஃபீஸ் விதிக்கப்படும்.
Previous US CPI readings had come in hotter-than-expected — the previous dataset for March surprised to the upside, with the annual inflation reading coming in at 3.5% (vs. a 3.4% forecast).
Investor sentiment was also buoyed by a shift in expectations for interest rate cuts, with over 75% now anticipating a cut as early as September, up from 65% before the US CPI release, based on data from CME Group’s FedWatch tool.
Barron’s reporter Karishma Vanjani cautioned that the stock gains could signal an “overreaction” from the market:
“To be sure, the market's gains could be an overreaction. While the inflation print was softer than expected, the headline number is still way off the Fed’s 2% target. The central bank also needs to see more evidence to be confident about cutting rates”.
Chun Wang, a co-portfolio manager at Leuthold Group, was cited by Barron’s as saying:
“While we don’t believe a one-tenth of a per cent beat or miss should elicit an outsized market reaction, it’s what you get these days. The market was overreacting to a slightly hotter CPI last month and it’s doing that again with a slightly cooler report this month.”
Other data released on Wednesday indicated that US retail sales for April were unexpectedly flat, impacted by higher gasoline prices which diverted spending from other goods, signaling a potential slowdown in consumer spending.
Equities extended gains from Tuesday, when Federal Reserve Chair Jerome Powell's comments on the economic outlook and inflation reassured markets following a report of hotter-than-expected producer prices for April:
"I expect that inflation will move back down [...] on a monthly basis to levels that were more like the lower readings that we were having last year."
The rally has been supported by stronger-than-expected first-quarter earnings and hopes that the Fed can manage inflation without undermining economic growth, potentially leading to future rate cuts.
Among megacap stocks, Nvidia shares led the gains in the S&P 500 on Wednesday, rising 3.6%. Microsoft and Apple were the next two biggest gainers on the SPX, advancing by 1.7% and 1.2% respectively.
Super Micro Computer shares topped the percentage gains in the index with a 15.8% surge, reflecting investor enthusiasm for stocks tied to artificial intelligence technology demand.
As for corporate earnings, investors are eyeing Walmart's upcoming quarterly report, due early Thursday, for further insights into consumer spending trends. Walmart’s shares slightly dipped by 0.05%, continuing a three-day decline.
GameStop shares plummeted 18.9%, snapping this week’s rally ignited by “Roaring Kitty” Keith Gill, whose recent bullish comments had spurred another meme stock frenzy. Other meme stocks like AMC Entertainment and Koss Corp also suffered heavy losses, dropping 20% and 19.2% respectively.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
குறிச்சொற்கள்
அனைத்தையும் காட்டுசமீபத்தியவை
அனைத்தையும் காட்டு
வியாழன், 9 ஜனவரி 2025
5 நிமி
புதன், 8 ஜனவரி 2025
5 நிமி
புதன், 8 ஜனவரி 2025
4 நிமி
TA
