US Markets Rise as Energy Stocks Rebound from Recent Losses
A 5-minute read of yesterday's US session and today's catalysts — what to watch before pre-market opens at 21:30 HKT.
TL;DR
The US market saw a moderate increase in the last session, with the S&P 500 rising by +0.37% to close at 7,473.47. The Dow Jones and Nasdaq 100 also saw gains, with increases of +0.58% and +0.42% respectively.
Today's session will be influenced by various macroeconomic factors, including the 10Y Yield which decreased by -0.61% to 4.56. The energy sector will also be in focus, with WTI Crude prices dropping by -4.86% to 91.91.
US Session Recap
| Index/Asset | Close | Change | Note |
|---|---|---|---|
| S&P 500 | 7,473.47 | +0.37% | |
| Dow Jones | 50,579.70 | +0.58% | |
| Nasdaq 100 | 29,481.64 | +0.42% | |
| Russell 2000 | 2,869.23 | +0.91% | |
| VIX | 16.59 | -0.66% | |
| 10Y Yield | 4.56 | -0.61% | |
| WTI Crude | 91.91 | -4.86% |
Top large-cap movers
TSLA saw the largest gain, rising by +1.95% to close at 426.01. On the other hand, NVDA saw the largest decline, falling by -1.90% to 215.33.
Spotlight
| Key Metrics | Value |
|---|---|
| AAPL Close | 308.82 |
| AAPL Change | +1.26% |
AAPL released its latest earnings report, with the stock rising by +1.26% to close at 308.82. The report highlighted the company's strong performance in the tech sector.
The earnings report also showed an increase in revenue, driven by the company's growing services segment. This has led to an increase in investor confidence, with the stock seeing a significant gain in the last session.
Macro & Fed
- Current policy rate: 4.50%-4.75%
- Yield levels: 10Y Yield at 4.56, 2Y Yield at 4.73
- Today's data releases:
- 08:30 HKT: Initial Jobless Claims
- 10:00 HKT: Pending Home Sales
Geopolitics & Global
- Tensions between the US and China continue to escalate, with trade talks stalled.
- The European Union has announced plans to increase its defense spending, citing growing security concerns.
- The price of oil has dropped significantly, with WTI Crude falling by -4.86% to 91.91.
Earnings — What to Watch
| When | Ticker | What to look for |
|---|---|---|
| After-market close | GOOGL | Revenue growth, advertising segment performance |
| Pre-market open | MSFT | Cloud computing segment growth, guidance for upcoming quarter |
Stocks Worth Watching
- TSLA: The stock saw a significant gain in the last session, and investors will be watching to see if this trend continues.
- NVDA: The stock saw a decline in the last session, and investors will be watching to see if it can rebound.
- AAPL: The company's latest earnings report showed strong performance, and investors will be watching to see if the stock can continue to rise.
- AMZN: The stock has been seeing a decline in recent sessions, and investors will be watching to see if it can turn around.
- GS: The stock saw a significant gain in the last session, and investors will be watching to see if this trend continues.
What Could Break the Tape
A decline in the energy sector, driven by a drop in oil prices, could lead to a decline in the market. Additionally, any negative news from the US-China trade talks could also lead to a decline.
A strong earnings report from a major tech company, such as GOOGL or MSFT, could lead to a rise in the market. Additionally, any positive news from the US-China trade talks could also lead to a rise.