Malaysia

2024-07-31 15:58

Market analysisMarket Update Report July 31, 2024
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Market analysis:
US Stock Futures Mixed Ahead of Big Tech Earnings and Fed Decision US stock futures were mixed on Wednesday as investors evaluated major tech earnings and awaited the Federal Reserve's latest monetary policy decision. Futures Performance: - Dow Futures: Fell 0.4% - S&P 500 Futures: Rose 0.2% - Nasdaq 100 Futures: Rose 0.7% Extended Trading Highlights: - Microsoft: Tumbled 2.7% as disappointing cloud results overshadowed better-than-expected earnings and revenue. - AMD: Jumped 7.6% on strong quarterly results. - Nvidia: Rose 5%, buoyed by AMD's positive performance. Tuesday's Market Performance: - Dow Jones Industrial Average: Gained 0.5% - S&P 500: Fell 0.5% - Nasdaq Composite: Dropped 1.28% Market Dynamics: - Rotation Out of Megacap Tech: Investors continued to move away from megacap tech stocks amid doubts over the sustainability of the AI rally, focusing instead on more traditional sectors of the US economy. Investor Focus: - Earnings Reports: More earnings reports are expected on Wednesday, which will provide further insights into corporate performance and economic outlook. - Federal Reserve Policy Decision:** The market is closely watching the Fed's policy announcement for any indications regarding future interest rate cuts. Conclusion: Wednesday's market movements are likely to be influenced by the ongoing earnings season and the Federal Reserve's policy decisions. Investors will be parsing through big tech earnings and economic data to make informed decisions on their portfolios. Looking ahead, the odds for USTEC and US30 to challenge key level at 19,200 pts and 41,000 pts are high. 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 31, 2024
Malaysia | 2024-07-31 15:58
US Stock Futures Mixed Ahead of Big Tech Earnings and Fed Decision US stock futures were mixed on Wednesday as investors evaluated major tech earnings and awaited the Federal Reserve's latest monetary policy decision. Futures Performance: - Dow Futures: Fell 0.4% - S&P 500 Futures: Rose 0.2% - Nasdaq 100 Futures: Rose 0.7% Extended Trading Highlights: - Microsoft: Tumbled 2.7% as disappointing cloud results overshadowed better-than-expected earnings and revenue. - AMD: Jumped 7.6% on strong quarterly results. - Nvidia: Rose 5%, buoyed by AMD's positive performance. Tuesday's Market Performance: - Dow Jones Industrial Average: Gained 0.5% - S&P 500: Fell 0.5% - Nasdaq Composite: Dropped 1.28% Market Dynamics: - Rotation Out of Megacap Tech: Investors continued to move away from megacap tech stocks amid doubts over the sustainability of the AI rally, focusing instead on more traditional sectors of the US economy. Investor Focus: - Earnings Reports: More earnings reports are expected on Wednesday, which will provide further insights into corporate performance and economic outlook. - Federal Reserve Policy Decision:** The market is closely watching the Fed's policy announcement for any indications regarding future interest rate cuts. Conclusion: Wednesday's market movements are likely to be influenced by the ongoing earnings season and the Federal Reserve's policy decisions. Investors will be parsing through big tech earnings and economic data to make informed decisions on their portfolios. Looking ahead, the odds for USTEC and US30 to challenge key level at 19,200 pts and 41,000 pts are high. 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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