Source: Cailian
News of September 19th (editor 牛占林)On Thursday, Eastern Time, the three major U.S. stock indexes all closed at new highs. The Fed's interest rate cut boosted investor confidence. Nvidia's stake in Intel triggered a carnival in chip stocks.
According to the latest data released by the U.S. Department of Labor, the number of initial jobless claims in the United States fell last week, but the overall labor market has cooled down, and the demand and supply of labor by enterprises are weakening.
Economists point out that part of the slowing demand for labor in enterprises is due to uncertainty caused by import tariffs, while tightening immigration has reduced the supply of labor, forming a “sweet balance” the Fed Chairman Powell described Wednesday.
Carl Weinberg, chief economist at High Frequency Economics, said: “We heard a lot of negative statements about the job market from the Fed statement and Powell’s speech yesterday, but the steady trend of initial unemployment remains well below the recession, which also weakens the reason for the Fed and the market to demand more and more drastic rate cuts.”
The Federal Reserve on Wednesday lowered the federal fund’s interest rate by 25 basis points and expects to maintain a steady rate of rate cuts for the rest of 2025 to support the job market.
Powell stressed that a weakening of the labor market would be the focus of decision-making and hinted that further interest rate cuts could occur at future policy conferences.
Sam Stovall, chief investment strategist at CFRA Research, said: “We are looking for the backbone of economic growth and the rationality of current high valuations, and the prospect of low interest rates will help to this.”
The Russell 2000 Small Stock Index rose 2.4 percent, a record high. Small stock companies typically rely more on external financing to support operations and expansion, compared to large companies with strong capital, which are more likely to benefit from a low interest rate environment. In addition, small stock companies are more connected to the economic cycle than tech giants that rely on the AI boom.
Favard Razaq-Zada of City Index and Forex.com said: “Investors are eager to buy in every review, mainly due to the enthusiasm driven by AI and the continued strong performance of large tech companies.
He pointed out that this will make this round of gains vulnerable when investor confidence falters, and he should also maintain a more cautious stance on the prospects of S&P 500 companies.
At the same time, Trump continues to "launch attacks" on the Federal Reserve, potentially triggering market turmoil. The U.S. Department of Justice filed an application with the Supreme Court on Thursday to overturn the lower court's ruling and allow President Trump to fire Federal Reserve Governor Lisa Cook.
Market Dynamics
As of the close, the Dow rose 124.10 points, or 0.27%, to 46,142.42 points; The Nasdaq rose 209.40 points, or 0.94%, to 22,470.73 points; The S&P 500 rose 31.61 points, or 0.48%, to 6,631.96 points.
Seven out of the 11 tables of the S&P 500 index rose, the information technology/technology tables rose 1.36%, the financial tables rose 0.6%, the industrial tables rose 1.06%, the real estate tables rose 0.06%, and the energy tables fell 0.43%.
Popularity Expression
Big tech stocks rose variably, NVIDIA rose by 3.49%, Google A rose by 1%, Meta rose by 0.58%, Amazon fell by 0.17%, Microsoft fell by 0.31%, Apple fell by 0.46%, Tesla fell by 2.12%.
Intel rose 22.77 percent, the best single-day performance in about 38 years, after NVIDIA announced it would invest $5 billion in Intel and jointly develop PC and data center chips.
Cybersecurity firm NetSkope U.S. IPO rose 18.37 percent on its first day, while another cybersecurity company, CrowdStrike, rose 12.8 percent, and at least nine banks had previously raised the target price of the stock.
Novartis increased 6.3 percent, with its oral version of Simexide showing weight-loss effects close to the injectable in late clinical trials.
Most of the shares fell, and the Nasdaq China Gold Range Index fell by 1.79%. the net rate fell by more than 4%, the Mile Mile fell by more than 3%, microblog, ideal car, Alibaba fell by more than 2%, 100%, Xiaoping, and more than 1% fell.
company news
Musk clarifies Tesla Optimus robot orders: false
In recent days, there have been rumors that Tesla is hoping to acquire a thousand “Optimus 3+” units, and new variables have emerged. The cause of this is the Bright Green local time of the U.S. powder market deal announced on September 15th, merging with pharmaceutical infrastructure platform company PharmAGRI Capital Partners, and appointing major shareholder Lynn Stockwell as chairman and chief executive of the reorganized PharmAGRI company. In this surprising announcement, there is a shocking news for the capital market: the unnamed PharmAGRI announced cooperation with the robot, AI and electric car company Tesla, and claimed that the two sides have signed an intention letter (LOI) to its own farm, compound and prescription drug production deployment of up to 10,000 Optimus 3
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Microsoft Plans $70 Million to Build 'World's Strongest AI Data Center' in Wisconsin
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