By Admin88 
On August 7th (Wednesday) local time, the three major stock indexes of the US stocks collectively rose from rising.As of the closing, the Dow fell 0.60%, the Nasda Index fell 1.05%, and the S & P 500 index fell 0.77%.Lucknow Wealth Management
In addition, the main index of European stocks closed up, the German DAX30 index rose 1.50%, the British FTSE 100 index rose 1.75%, the French CAC40 index rose 1.91%, and the European Stock 50 index rose 2.03%.In other markets, international oil prices have risen across the board, and US debt yields have risen differently.
Diving in the plate, the technology giant led the decline
On August 7, local time, the three major stock indexes in the U.S. stocks have changed from rising to fall.As of the closing, the Dow fell 234.21 points, a decline of 0.60%, at 38763.45 points; the Nasda Index fell 171.04 points, a decrease of 1.05%, at 16195.81 points; the S & P 500 index fell 40.53 points, a decrease of 0.77%, at 5199.50 points.Nagpur Stock
At the beginning of the market, the Dow and the S & P 500 index once rose by 1.2%and 1.7%, respectively, and the maximum of the Na index rose by nearly 2.1%.However, the significantly low in the heavy stock market dragged down the market.Nvidia fell more than 5%to lead large technology stocks.Ultra -micro computers plunged more than 20%due to the disappointment of performance.
Although the stock market has fallen recently, Morgan Chase’s strategist stated in a report on Wednesday that there is almost no evidence that the market has entered an oversold area.Morgan Chase analyst Nicholas and his colleagues wrote: "According to our calculations, the stock price must fall by 8%to the average level of global stock allocation to the average level after 2015."
Last week’s economic data triggered concerns about the Fed’s decision to maintain interest rates at a high level of 20 years may lead to further economic slowdown, and the market has been in chaos.Morgan Chase Economist now believes that the US economy is likely to fall into a decline by the end of this year, 35%, which is higher than 25%at the beginning of last month.In addition, the market is now preparing for the application data for unemployment relief on Thursday, which will receive high attention.
Other markets.The closing of US debt yields rose and declined, and the yield of US bonds fell by 1.3 basis points to 3.97%.The base point was 3.769%, the 10 -year US bond yield rose 5 basis points to be 3.947%, and the 30 -year US bond yield rose 7.2 basis points to be 4.253%.
International oil prices rose across the board, and the settlement price of WTI crude futures rose 2.77%to $ 75.23/barrel.The settlement price of Brent crude oil futures rose 2.42%to $ 78.33/barrel.Analysts pointed out that as investors are still worried that Iran might be retaliated with Israel, oil prices will fluctuate upward.Citi Bank said that considering geopolitics and weather factors, oil prices may rebound from recent selling. It is expected that the price of Brent crude oil may rebound to the 80-85 dollar range again.
International precious metal futures generally closed down. COMEX gold futures fell 0.33%to $ 2423.5/ounce. COMEX silver futures fell 1.9%to $ 26.7/ounce.
On the other news, the minutes of the Bank of Canada’s meeting showed that members of the central bank agreed that if inflation continues to slow down, it will support further interest rate cuts; agree to pay attention to the risk of uplink inflation and downlink inflation risk;Above; the central bank is worried that weak employment prospects may cause delay in consumption to recover; the central bank’s concerns about the increase in housing prices will be reduced.
Failure to performance is not as expected to expect the stock price of ultra -micro computers to plummet 20%
In terms of sectors, the S & P 500 Index Eleven Big Blocks rose and 7.Among them, non -necessary consumption, materials, and information technology sectors have fallen first, and the declines are 1.44%, 1.39%, and 1.36%, respectively. The public business sector leads the increase of 0.55%.
Popular technology stocks fell more.Ultra -micro computers fell more than 20%, ARM, Broadcom, and Nvidia fell more than 5%, Tesla fell over 4%, Intel fell more than 3%, Lili Lilly and Micron Technology fell more than 2%.Meta fell more than 1%. Asmore, Microsoft, TSMC, and Cisco fell slightly. Nai Fei, Google A, Amazon rose slightly, and Apple rose more than 1%.
Ultra -micro computers fell 20.14%.Super micro computer announced in the fourth quarter of fiscal year in fiscal year of fiscal year, which was US $ 5.31 billion, an increase of 143.6%year -on -year, but it was less than US $ 5.32 billion in market expectations.It is expected to be $ 8.25.
According to the financial report, although its AI GPU platform demand is strong, the company’s overall gross profit margin has dropped from 17.01%in the same period last year to 11.23%.The main reasons for the decline include the increase in product portfolio changes, price competition, and the initial cost of the new DLC AI GPU cluster.In the fourth quarter, the company’s operating profit margin was also lower than expected, mainly due to the increase in the proportion of over -standard data centers and the revenue delay caused by the shortage of key new components.Looking forward to the future, ultra -micro computers are expected to exceed market expectations in the first quarter of fiscal year in fiscal year in 2025. At the same time, it is planned to reduce production costs by increasing production capacity and expanding business scale.Following the financial report, there is also a 1:10 stock demolition plan.
Tesla fell 4.43%.Tesla made a strategic decision to stop building a manufacturing plant in Thailand.Instead, the company will focus on expanding its charging network in the country.Prior to this strategy, Tesla discussed with Thai government officials, including Tesla CEO Elon Musk and Thai Prime Minister Srita His Credit in November 2023.Although the initial negotiations showed that Tesla might invest $ 5 billion in factories in Thailand, Tesla finally decided to give priority to the development of charging infrastructure rather than the local manufacturing industry.
Apple rose 1.25%.The SEC file shows that Catherine L. Adams, senior vice president of Apple, sold 100,000 shares and 045,000 Apple shares on August 5th and 7th, with a total of $ 20.6 million.Its shareholding ratio of Apple has decreased by 34%and 2.3%.
Microsoft fell 0.30%.Microsoft has accused Damime Airlines that rejected the technical support provided many times after a major failure of the system last month.According to a letter representing the lawyer of this technology giant on Tuesday, from July 19 to July 23, Microsoft provided technical support to Damen every day, but Damei refused to accept it.Microsoft CEO Satia Nadella also sent an email to Dami’s CEO Ed Bastian, but did not receive a reply.These accusations were the response to Daimei Airyer’s hiring lawyer David Boyce. Previously, the lawyer on behalf of Da Mei Airlines stated that he would try to seek compensation to make up for the expected failure of $ 500 million in this quarter.At the same time, the US Department of Transport has conducted investigations on Daimei Airlines to deal with the failure.
Meta fell 1.05%.Meta took the lead in issuing bonds in the US investment -level market on Wednesday.According to people familiar with the matter, Meta will sell bonds in five parts for general enterprise use.The maximum 40 -year bond yield in this issuance may be 1.55%higher than the US Treasury bonds.
Asley fell 0.79%.IMEC, Belgium Semiconductor R & D Corporation, announced that in the joint laboratory operating with Astmai, it has made breakthroughs in the latest 350 million euros "HIGH NA" chip printer.The device successfully printed out one -time printing of the same small or even smaller circuit as the current best chip for commercial production, including logical chips and memory chips.IMEC said this development shows that leading chip manufacturers will be able to use the device to manufacture smaller and faster chips in the next few years.
Intel fell 3.63%.On Wednesday, local time, Intel faced shareholders’ prosecutions due to suspected fraudulent concealment that caused poor performance in the second quarter.The collective lawsuit was filed in the Federal Court of San Francisco, and the subject of the lawsuit included CEO Patrick Kissinger and chief financial officer David Jindinsner.Shareholders demanded compensation for unclear losses, and accused these issues accusing Intel suspended dividends and layoffs by 15%.
In addition, the U.S. Stock Fair document shows that Intel CEO Patrick Kissinger purchased 7,500 company ordinary shares at the open market at an average price of $ 20.3137 on August 5th, and on the same dayI bought 5,000 ordinary shares in the open market.
U.S. banks are facing consumer financial protection bureau investigations due to Zelle fraud issues
Financial stocks rose less.Ruisui Financial and Bank of America rose more than 1%. Goldman Sachs, Travelers Insurance, Masterpiece, Morgan Chase rose slightly, and UBS, Wells Wells, Berlaid, Deutsche Bank, Visa, American Hezhong Bank, Citi Group fell slightly.The US International Group, Morgan Stanley, and regional finance fell nearly 1%, the United States fell 1%, and the first capital finance fell more than 1%.
Morgan Chase rose 0.03%, Bank of America rose 1.03%, and Wells Fargo fell 0.13%.The U.S. Consumer Financial Protection (CFPB) is investigating several major US banks’ behavior on the funding of customers at the point -to -pay platform Zelle.According to media reports on Wednesday, the investigation involved large banks such as JP Morgan Chase, Bank of America and Wells Wells.Morgan Chase disclosed in a document last week that he is responding to CFPB’s inquiry about Zelle and is considering whether the agency’s investigation has filed a lawsuit against American consumer regulators.
Wells Fargo also disclosed in public documents before that government agencies have investigated it through Zelle’s disputes.The problem of fraud and fraud in Zelle has attracted the attention of the US legislators and regulators, including the Democratic Senator Elizabeth Wallen, and they are worried about consumer protection.Banks argued that the cost of fraud will encourage more fraud, which may cause billions of dollars to lose.
In response to this issue, the Chairman of the Senate Investigation Team and Democratic Senator Richard Bulu Menal called on CFPB to investigate Zelle’s operator Early Warning Services and Morgan Chase, Wells Fargo and Bank of America.Earlier, his committee issued a report and found that the amount of reimbursement of unauthorized transactions on Zelle declined in five years.
Early Warning Services stated in a statement that it had taken the initiative to take measures and pointed out that 99.95%of the transactions have no fraud or fraud.In a statement, Bulumon Sar said: "Zelle and its owner’s banks failed to fully protect consumers from the increasing threat of fraud and fraud." He looked forward to CFPB reviewing their discovery and conducting thorough investigations.
Most energy stocks rose.Empire Oil, Murphy Petroleum, Shell, Ex SenMobil, Congene oil rose by more than 1%, marathon petroleum, Brazilian oil, Duke energy, British petroleum rising slightly, Western oil, Apache oil, Chevron dragon fell slightly slightlySrunbee fell over 1%, and US energy fell more than 5%.
Western oil fell 0.04%.The second fiscal quarterly report released by Western Petroleum on Wednesday shows that net sales in the second quarter of fiscal quarterly are US $ 6.82 billion, and analysts expect $ 6.96 billion;The quarterly capital expenditure is 1.77 billion US dollars, and analysts expect 1.72 billion US dollars; the overall average global output of the second quarter of the second quarter is 1.258 million barrels of petroleum equivalent/day; the overall average global output of the third quarter is 1.37 million to 1.141 million barrels of petroleum equivalent/day.
Most of the popular stocks fell, and the Nasdaq Indian Golden Dragon Index fell 1.46%.New Oriental fell more than 7%, Xiaopeng Automobile fell more than 5%, Bilibili fell more than 4%, Weibo fell more than 3%, Weilai fell more than 2%, Huya, Futu Holdings, iQiyi, Baidu fell over and over over giving over more than overIn 1%, Tencent Music, Vipshop, JD.com, Alibaba fell slightly, Pinduoduo, Douyu rose slightly, NetEase and ideal cars rose more than 1%.
Guoabong Wealth Management