Malaysia

2024-07-29 11:20

Market analysisMarket Update Report July 29, 2024
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Market analysis:
US Stock Futures Rise Ahead of Major Earnings and Fed Decision US stock futures rose on Monday as investors anticipate another round of earnings reports from mega-cap technology companies and look forward to the Federal Reserve's policy decision later this week. Key Earnings Reports: - Mega-Cap Tech Companies: - Apple - Amazon - Microsoft - Meta Platforms Other Major Firms Reporting This Week: - McDonald’s - Starbucks - Boeing - Exxon Mobil - Chevron Market Performance Last Week: - S&P 500: Fell 0.83% - Nasdaq Composite: Dropped 2.08% - Dow Jones Industrial Average: Gained 0.75% - Russell 2000: Rose 3.5% Market Dynamics: Investors are rotating out of mega-cap tech stocks into interest rate-sensitive sectors such as small-cap stocks. This shift reflects growing anticipation of the Federal Reserve's policy decisions and their potential impact on various market sectors. Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady at its upcoming meeting. - Traders are looking for signals on the Fed's approach to rate cuts in the coming months. Economic Data: - The Fed-preferred PCE price index report for June came largely in line with expectations, providing further context for the Fed's policy considerations. Investor Focus: Investors will be closely monitoring earnings reports from major tech companies and other key firms, as well as the Federal Reserve's statements, to gauge future market direction and economic outlook. Conclusion: This week's market activity will be heavily influenced by earnings reports from major corporations and the Federal Reserve's policy decision. The performance of mega-cap tech stocks and signals from the Fed on interest rate policies will be critical in shaping investor sentiment and market movements. Based on the stock market activity, it seems like the market is resuming its profit taking phase and a possible push up is very likely to happen in USTEC and US30 as both of them closed above 19,000 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.
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Market Update Report July 29, 2024
Malaysia | 2024-07-29 11:20
US Stock Futures Rise Ahead of Major Earnings and Fed Decision US stock futures rose on Monday as investors anticipate another round of earnings reports from mega-cap technology companies and look forward to the Federal Reserve's policy decision later this week. Key Earnings Reports: - Mega-Cap Tech Companies: - Apple - Amazon - Microsoft - Meta Platforms Other Major Firms Reporting This Week: - McDonald’s - Starbucks - Boeing - Exxon Mobil - Chevron Market Performance Last Week: - S&P 500: Fell 0.83% - Nasdaq Composite: Dropped 2.08% - Dow Jones Industrial Average: Gained 0.75% - Russell 2000: Rose 3.5% Market Dynamics: Investors are rotating out of mega-cap tech stocks into interest rate-sensitive sectors such as small-cap stocks. This shift reflects growing anticipation of the Federal Reserve's policy decisions and their potential impact on various market sectors. Federal Reserve Outlook: - The Federal Reserve is widely expected to hold interest rates steady at its upcoming meeting. - Traders are looking for signals on the Fed's approach to rate cuts in the coming months. Economic Data: - The Fed-preferred PCE price index report for June came largely in line with expectations, providing further context for the Fed's policy considerations. Investor Focus: Investors will be closely monitoring earnings reports from major tech companies and other key firms, as well as the Federal Reserve's statements, to gauge future market direction and economic outlook. Conclusion: This week's market activity will be heavily influenced by earnings reports from major corporations and the Federal Reserve's policy decision. The performance of mega-cap tech stocks and signals from the Fed on interest rate policies will be critical in shaping investor sentiment and market movements. Based on the stock market activity, it seems like the market is resuming its profit taking phase and a possible push up is very likely to happen in USTEC and US30 as both of them closed above 19,000 pts and 40,000 pts respectively. Risk Disclaimer: This advice is general in nature, without considering your specific financial situation and needs. Investment involves risks, so please evaluate carefully.

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