Malaysia
2024-07-30 14:31
Market analysisMarket Update Report July 30, 2024
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Market analysis:
US Stock Futures Ease as Investors Await Key Earnings and Fed Meeting
US stock futures eased on Tuesday as investors cautiously awaited key earnings reports and the start of the Federal Reserve’s two-day policy meeting.
Key Earnings Reports:
- Before Market Open: JetBlue, Merck, Pfizer, PayPal, Procter & Gamble
- After Market Close: AMD, Microsoft, Starbucks
Federal Reserve Outlook:
- The Federal Reserve is widely expected to hold interest rates steady this week, with expectations of a potential rate cut in September.
Extended Trading Highlights:
- CrowdStrike: Fell more than 5% following reports that Delta Air Lines hired an attorney to seek damages from CrowdStrike and Microsoft after an outage caused thousands of flight cancellations.
Monday's Market Performance:
- Dow Jones Industrial Average: Fell 0.12%
- S&P 500: Inched up 0.08%
- Nasdaq Composite: Gained 0.07%
Notable Stock Movements:
- Tesla: Jumped 5.6% following an upgrade recommendation from Morgan Stanley.
- On Semiconductor: Soared 11.5% on strong quarterly results.
- McDonald's: Rose 3.7% on robust earnings.
Investor Focus:
Investors are closely watching the earnings reports from major companies and any signals from the Federal Reserve’s policy meeting. The performance of key stocks and sectors, particularly technology and consumer goods, will be critical in determining market sentiment.
Conclusion:
Tuesday’s market activity is expected to be influenced by the anticipated earnings reports and the Federal Reserve’s policy meeting. Investors will be seeking insights from corporate earnings and Fed statements to gauge the economic outlook and potential market direction. Looking ahead, the odds for USTEC and US30 to challenge key level at 18,780 pts and 40,150 pts are very 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 30, 2024
Malaysia | 2024-07-30 14:31
US Stock Futures Ease as Investors Await Key Earnings and Fed Meeting
US stock futures eased on Tuesday as investors cautiously awaited key earnings reports and the start of the Federal Reserve’s two-day policy meeting.
Key Earnings Reports:
- Before Market Open: JetBlue, Merck, Pfizer, PayPal, Procter & Gamble
- After Market Close: AMD, Microsoft, Starbucks
Federal Reserve Outlook:
- The Federal Reserve is widely expected to hold interest rates steady this week, with expectations of a potential rate cut in September.
Extended Trading Highlights:
- CrowdStrike: Fell more than 5% following reports that Delta Air Lines hired an attorney to seek damages from CrowdStrike and Microsoft after an outage caused thousands of flight cancellations.
Monday's Market Performance:
- Dow Jones Industrial Average: Fell 0.12%
- S&P 500: Inched up 0.08%
- Nasdaq Composite: Gained 0.07%
Notable Stock Movements:
- Tesla: Jumped 5.6% following an upgrade recommendation from Morgan Stanley.
- On Semiconductor: Soared 11.5% on strong quarterly results.
- McDonald's: Rose 3.7% on robust earnings.
Investor Focus:
Investors are closely watching the earnings reports from major companies and any signals from the Federal Reserve’s policy meeting. The performance of key stocks and sectors, particularly technology and consumer goods, will be critical in determining market sentiment.
Conclusion:
Tuesday’s market activity is expected to be influenced by the anticipated earnings reports and the Federal Reserve’s policy meeting. Investors will be seeking insights from corporate earnings and Fed statements to gauge the economic outlook and potential market direction. Looking ahead, the odds for USTEC and US30 to challenge key level at 18,780 pts and 40,150 pts are very 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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