US Stock Market Overview and Prospects: Heavy Earnings Are Coming, Is Volatility Still the Main Theme?
Major US stock indices all fell this week. The NASDAQ fell 1.6%, the S&P 500 fell 0.9%, the Dow Jones Industrial Index fell 0.2%, while the China Securities Index plummeted 7.9%, leading the decline in major US stock indices. In the industry, good consumer spending in June supported the collective recovery of consumer stocks. Non-essential consumer goods rose 1.8% and essential consumer goods rose 0.3%. Driven by chips, the information technology sector surpassed the market by 1.1% this week, and due to the continuous decline in commodities, the cyclical sector continued to lead the decline. Energy continued to fall 2.2% and raw materials fell 1.1% this week.
The overall performance of US stocks subdued and then improved this week. The main reasons are as follows:
1. Before the June CPI was released on Monday Tuesday, the market was weak due to concerns about the CPI data. After the CPI data was released on Wednesday, the market showed a relatively strong performance. For the CPI data that exceeded expectations, the market also showed an overall bearish trend. The core behind this is that even if the CPI exceeds expectations, it did not change the final interest rate expectations for this round of interest rate hikes, but only changed the pace of the Federal Reserve's interest rate hike. The pace of interest rate hikes in July-September is likely to accelerate next. For the US stock market, controlling inflation is a top priority., as a result, the early acceleration of austerity for the market The expectations were good.
The CPI data for June exceeded expectations, almost at some point...