2024. 8. 23. 09:32ㆍU.S. Economic Stock Market Outlook
1) The previous day, the U.S. stock market was in a good mood for the first half of the day at -0.43%/NASDAQ -1.67%/S&P 500 -0.89%/Russell -0.88%. In the sector, most fell except for oil prices, financials, medical devices and REITs, while semiconductors and solar power fell sharply.
2) New unemployment claims on Thursday were 232,000 (consensus 232,000) in line with expectations, and there was no significant change in the market at the time of the announcement.
3) Ahead of Powell's Jackson Hole meeting, Citi Group's Andrew Hollenhorst said the speech could set the framework for large cuts based on simple macroeconomic theory, which would help avoid criticism that large cuts are a sign of "panic" and did not expect to outright foreshadow a 50 basis point hike.
4) Moderna Inc MRNA, Pfizer Inc PFE-BioNTX's new formulation of COVID-19 vaccines has received U.S. FDA emergency use authorization. Additionally, NVAX has applied for its own protein-based COVID-19 vaccine, but no emergency use authorization has yet been issued.
5) AI SW company SNOW reported good results, but fell -14% amid concerns about sales growth. Restaurant brand CAVA rose +9% after-hours as it reported good results. Financial and human resource management SaaS company WDAY rose +11% after-hours as it reported good results.
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