U.S. stocks weekly: Jitters
Repeats from Friday with no changes to text. Updates chart
** S&P 500 .SPX extends losing streak to three weeks, slides 2.1% as recession fears reemerge .N
** Though 100-DMA, just above 5,300, acting as support, essentially contains SPX weakness
** Cboe Volatility Index .VIX, Wall Street 'fear gauge', leaps on Fri to nearly 30, closes at highest since Mar 2023
** Nasdaq .IXIC slumps 3.4% on the week, confirms correction; indeed, four FANGs fail to fend off further Nasdaq flop
** U.S. 10-Year Treasury yield US10YT=RR crashes as low as 3.79% after soft jobs data; Make-or-Break week for the yield, looks like a break in the Cloud
** Majority of sectors recoil: Consumer Discretionary and Tech cringe most, while defensive plays, bond proxies provide some shelter
** Consumer Discretionary .SPLRCD plummets 4.3%. Amazon.com AMZN.O tumbles on slowing online sales growth
Though McDonald's MCD.N rises despite surprise drop in global sales as it says $5 meal resonating with lower-income consumers
** Tech .SPLRCT sheds 4%. Intel INTC.O plunges ~31% on the week on downbeat Q3 rev forecast, dividend suspension, job cuts; weakness spills over across chip stocks
Semiconductor index .SOX dives nearly ~10%
Microsoft MSFT.O falls after cloud results raise questions over AI spend
A bright spot, Apple AAPL.O rises after Q3 rev beat, as analysts see upside from services with next iPhone upgrade cycle
** Energy .SPNY retreats 3.7%. Chevron CVX.N drops after profit miss, and Hess HES.N declines as proposed sale to CVX faces fresh delay
Exxon Mobil XOM.N reports profit beat, finishes week down fractionally
** S&P Financials .SPSY fade 3%. Banks fall amid growth concerns after weak economic data
S&P 500 banks index .SPXBK trips 8%, KBW regional banking index .KRX stumbles 9%
** Industrials .SPLRCI crumble 2.8%. Boeing BA.N lifts Weds after naming Kelly Ortberg new CEO to steer turnaround as cash burn rises. Still, BA descends 9% on the week
However, freight giant C.H. Robinson CHRW.O surges after Q2 earnings beat, JP Morgan bullish upgrade
** Communication Services .SPLRCL gains 1.3%. Facebook parent Meta META.O advances on upbeat rev forecast as digital ad sales counter AI spend worries
** Real Estate .SPLRCR rallies 2.8%. Senior housing REIT Ventas VTR.N climbs after Q2 FFO beat
** Meanwhile, AAII Bears thin out, Bulls fatten up
** SPX performance YTD:
SP 500 2024 YTD THROUGH AUGUST 2 https://tmsnrt.rs/3WRit5m
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
</body></html>免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。