*US equities rally on a Meta-fueled Tech rally*
*3 February 2023*
Nasdaq 100 Index 12803.14, (3.56%)↑
S&P 500 Index 4179.73, (1.47%)↑
Dow Jones Indus Avg Index 34053.94, (-0.11%)↓
US shares rallied on Tech strength and as traders anticipate the Federal Reserve’s tightening cycle may be nearing its peak. The *S&P 500* rose to its highest level in 5 months, supported by Meta’s best day since 2013. The *Dow* closed nearly flat. The *10-year Treasury yield* slipped to around 3.38%. 7 of 11 sectors closed in the green, with *Communication Services* leading shares higher while *Energy* led losses. The *VIX (+5.43%)* increased to 18.84.
???? *Weekly Initial Jobless Claims* unexpectedly fell for the 4th time in 5 weeks, down to 183k from 186k. This points to a still-tight labour market. Later today, all eyes will be on *Nonfarm Payroll, Unemployment rate, and Average Hourly Earnings data set to be released at 21:30 Singapore time*.
*Meta (+23.28%)* jumped after reporting better than expected revenue and outlined further cost-cutting measures. *Align Technology (+27.38%)* surged after the maker of clear Invisalign dental devices beat top and bottom line estimates. *UnitedHealth (-5.27%)* fell after the US government proposed lower-than-expected Medicare Advantage reimbursement rates. *Eli Lilly (-3.43%)* dropped after revenue fell short of estimates, citing poor sales in cancer drug Alimta, while *Merck & Co (-3.29%)* fell after issuing weaker than expected 2023 guidance. *Bristol-Myers (+2.16%)* rose on strong quarterly results. After hours, *Big Tech* slumped, with *Apple (-3.35%, Amazon (-5.10%), Alphabet(-4.45%)* all falling after releasing results.
*3 February 2023*
Nasdaq 100 Index 12803.14, (3.56%)↑
S&P 500 Index 4179.73, (1.47%)↑
Dow Jones Indus Avg Index 34053.94, (-0.11%)↓
US shares rallied on Tech strength and as traders anticipate the Federal Reserve’s tightening cycle may be nearing its peak. The *S&P 500* rose to its highest level in 5 months, supported by Meta’s best day since 2013. The *Dow* closed nearly flat. The *10-year Treasury yield* slipped to around 3.38%. 7 of 11 sectors closed in the green, with *Communication Services* leading shares higher while *Energy* led losses. The *VIX (+5.43%)* increased to 18.84.
???? *Weekly Initial Jobless Claims* unexpectedly fell for the 4th time in 5 weeks, down to 183k from 186k. This points to a still-tight labour market. Later today, all eyes will be on *Nonfarm Payroll, Unemployment rate, and Average Hourly Earnings data set to be released at 21:30 Singapore time*.
*Meta (+23.28%)* jumped after reporting better than expected revenue and outlined further cost-cutting measures. *Align Technology (+27.38%)* surged after the maker of clear Invisalign dental devices beat top and bottom line estimates. *UnitedHealth (-5.27%)* fell after the US government proposed lower-than-expected Medicare Advantage reimbursement rates. *Eli Lilly (-3.43%)* dropped after revenue fell short of estimates, citing poor sales in cancer drug Alimta, while *Merck & Co (-3.29%)* fell after issuing weaker than expected 2023 guidance. *Bristol-Myers (+2.16%)* rose on strong quarterly results. After hours, *Big Tech* slumped, with *Apple (-3.35%, Amazon (-5.10%), Alphabet(-4.45%)* all falling after releasing results.
选择“Disable on www.wenxuecity.com”
选择“don't run on pages on this domain”
