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美股收盘 | 标普纳指五连涨创今年最佳单周,英伟达周涨近16%,博通周涨22%

U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.

wallstreetcn ·  Sep 14 09:07

The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.

The preliminary value of the University of Michigan's consumer confidence in September in the United States rebounded more than expected, with the one-year inflation expectation falling to the lowest level in nearly four years. The largest drop in import prices in August in eight months indicates that inflation will continue to recede.

Former New York Fed Chair Dudley said there is a reason for the Federal Reserve to cut interest rates by 50 basis points next week. Coupled with comments from prominent financial journalists such as "Fed Communication Agency" yesterday, market expectations for a significant rate cut by the Fed next week have significantly increased to a 50-50 chance.

Investors are optimistic that a 50-basis-point rate cut does not mean that a recession is imminent. The sharp increase in the expectation of a 50-basis-point rate cut boosts risk appetite. The three major U.S. stock indices closed near two-week highs, with small-cap stocks rising 2.49%, leading the gains. Small businesses rely more on borrowing and floating rate loans.

ECB President Lagarde hinted that the possibility of an interest rate cut by the ECB in December is greater than in October, which restrained the drop in German bond yields and continued to push up the euro. Next week, the Federal Reserve, the Bank of England, and the Bank of Japan will all hold interest rate meetings. In addition, Russia unexpectedly raised interest rates by 100 basis points to 19%.

Small-cap stocks rose 2.49% on Friday, leading the gains strongly. The S&P and Nasdaq both rose for five consecutive days, with the S&P 500 large-cap index up over 4% for the week, and the Nasdaq up about 6%, both marking the best weekly performance so far in 2024. Chip stocks rose 1.7% to a monthly high, while China concept stocks fell 0.6% before closing higher. The chip index rose by about 10% for the week, with the S&P utilities and consumer staples sectors hitting new highs. Nvidia rose nearly 16% for the week, and Broadcom led chip stocks with a gain of over 22%.

  • All three major U.S. stock indices rose: the S&P 500 index closed up 30.26 points, or 0.54%, at 5626.02 points, rebounding for five consecutive trading days with a cumulative increase of 4.02% for the week. The Dow Jones, closely linked to the economic cycle, closed up 297.01 points, or 0.72%, at 41393.78 points, up 2.60% for the week. The Nasdaq, dominated by tech stocks, closed up 114.3 points, or 0.65%, at 17683.98 points, rising 5.95% for the week. The Nasdaq 100 rose 0.47% and was up 5.93% for the week. The Nasdaq Technology Market Capitalization Weighted Index (NDXTMC), which measures the performance of the Nasdaq 100 technology sector stocks, closed up 0.58% and was up 7.06% for the week. More sensitive to the economic cycleE-mini Russell 2000 Index It rose 2.49% and gained 4.36% this week. The fear index VIX fell 2.99% to 16.56, a weekly decline of 26.01%.

The Nasdaq rose nearly 6% this week, marking the largest weekly gain since Federal Reserve Chairman Powell's dovish turn starting in November 2023.
The Nasdaq rose nearly 6% this week, marking the largest weekly gain since Federal Reserve Chairman Powell's dovish turn starting in November 2023.
  • US industry ETFs rose across the board. Regional banks rose 2.69%, banking ETFs rose 2.44%, biotech index ETFs and semiconductor ETFs rose at least 1.29%, energy industry ETFs rose 0.56%, technology industry ETFs rose 0.5%, global tech stocks index ETFs rose 0.47%, and financial industry ETFs rose 0.29%, second to last in performance. Healthcare industry ETFs rose 0.21%. This week, semiconductor ETFs rebounded by 10.19%, technology industry ETFs rebounded by 8.10%, after falling by 1.62% and 7.45% in the previous two weeks, internet stocks index ETFs rebounded by 4.55%, a decline of 4.83% last week, regional bank ETFs rose 1.79%, banking ETFs rose 1.72%, energy industry ETFs fell 0.49%, continuing the performance of a 5.77% decline last week.

  • All 11 sectors of the S&P 500 index rose. The utilities sector rose 1.41%, the telecom sector rose 1.02%, the consumer discretionary sector rose 0.51%, the information technology/tech sector rose 0.42%, the energy sector rose 0.42%, and the healthcare sector rose 0.19%, performing the worst.

  • The 'Magnificent Seven' tech giants had mixed performances. Alphabet Class A shares rose 1.79%. European antitrust officials may order Google to stop its anti-competitive advertising practices, but no breakup order is expected at the moment. Microsoft rose 0.84%, and Tesla rose 0.21%. Nvidia narrowed its initial drop of over 1% and ended with a 0.03% decline. It gained 15.81% this week, ending two weeks of consecutive declines and delivering its best weekly performance since the week of August 16. Apple opened low but rebounded to a 0.6% gain, ultimately closing with a 0.12% decline. Apple's website crashed during the pre-sale of the iPhone 16 series. Meta fell 0.19%, and Amazon fell 0.27%.

The 'Magnificent Seven' tech giants have risen for five consecutive days, reaching the largest weekly gain since March 2023.
The 'Magnificent Seven' tech giants have risen for five consecutive days, reaching the largest weekly gain since March 2023.
  • 芯片股多数走高。费城半导体指数收涨1.68%,本周累涨9.99%。行业ETF SOXX收涨1.79%;英伟达两倍做多ETF收跌0.33%。安森美半导体收涨3.45%,英特尔收涨1.55%,科磊收涨2.48%,高通收涨1.67%,美光科技收涨4.6%,Arm控股收涨5.88%,迈威尔科技收涨0.24%,阿斯麦收涨2.02%,博通收涨1.9%,台积电美股收涨0.62%,AMD收涨1.02%。

  • AI概念股涨多跌少。甲骨文高开近8%后收涨0.4%,仍创新高,全周涨14%。Serve Robotics收涨18.12%,C3.ai收涨0.57%,BigBear.ai收涨1.94%,超微电脑收涨3.4%,戴尔科技收涨1.92%,CrowdStrike收涨0.79%,Palantir收涨1.95%,Snowflake收涨0.6%,而英伟达持股的AI语音公司SoundHound AI收跌0.41%,BullFrog AI收跌3.28%。

  • 中概股涨跌不一。纳斯达克金龙中国指数收涨0.06%,报5618.88点,本周累计上涨1.03%。ETF中,中国科技指数ETF(CQQQ)收跌0.67%,本周累跌0.55%。中概互联网指数ETF(KWEB)收跌0.43%,本周累涨0.55%。

  • 热门中概股中,哔哩哔哩收跌3.76%,拼多多低开6.3%后收跌2.4%,极氪收跌2.26%,京东收跌1.54%,阿里巴巴收跌0.94%,百度收跌0.5%,唯品会收跌0.08%,而网易收涨0.18%,美团ADR收涨0.22%,携程网收涨0.4%,腾讯控股ADR收涨0.57%,理想汽车收涨1.27%。蒙牛乳业ADR收涨1.57%,小鹏汽车收涨4.06%,蔚来收涨5.11%。

  • 现货金续创历史新高,带动金银矿业股上涨。金银矿业股中,BVN涨8.15%,AG涨5.87%,科尔黛伦矿业收涨6.28%,赫克拉矿业收涨5.9%,哈莫尼黄金收涨2.94%。铜矿股中,MUX收涨1.18%、HBM收涨1.94%、泰克资源ADR收涨1.14%、淡水河谷ADR收涨1.35%。

  • 其他重点个股中:

(1)波音收跌3.69%,波音公司最大工会宣布罢工,影响737 Max等大多数飞机的生产,穆迪将波音置于下调观察名单,或下调评级至垃圾级。

(2)莫德纳收跌2.01%,延续周四跌12.36%的遭遇,报68.28美元,本周累计下跌6.32%,在砍掉部分研发开支、挤压未来数年新推产品数量之际,连续第四周下跌。

(3) Donald Trump concept stock DJT rose 11.79% to $17.97, up 5.09% for the week. Trump said he will not sell the company's stock.

(4) After a more than 10% increase, United States Steel closed up nearly 4%. The US may delay making a decision on the acquisition of the company by a Japanese steelmaker.

(5) Uber rose 8% pre-market and closed up 6.5%, expanding its cooperation with Alphabet's self-driving car division, Waymo.

European stock markets closed higher on Friday, with German listed companies Zalando and Siemens Energy leading the way with gains of over 9%.

The pan-European Stoxx 600 index closed up 0.76% at 515.95 points, up 1.85% for the week. Retail stocks rose 1.84%, leading the gains, while automotive stocks rose 1.6%. Only the food and beverage sector fell, down 0.32%. Among the components, French financial services company Worldline announced the departure of its CEO and lowered its full-year performance expectations, causing its stock price to plummet by more than 19%. Zalando closed up 10.30% and Siemens Energy closed up 9.44%.

The German stock index closed up 0.98%, up 2.17% for the week. The French stock index closed up 0.41%, up 1.54% for the week. The Italian stock index closed up 0.34%, up 0.83% for the week. The Spanish stock index closed up 1.23%, up nearly 3.29% for the week. The UK stock index closed up 0.39%, up 1.12% for the week. The Netherlands AEX index closed up 0.71%, up 2.31% for the week.

Expectations of a 50 basis point rate cut by the Fed next week have significantly increased. The yield on 2-year US Treasury bonds fell more than 5 basis points. Lagarde's rate statement restrained the decline in German bond yields. 2-year UK bond yields fell by about 12 basis points this week.

  • U.S. Bonds: In late trading, the yield on 2-year U.S. Treasury bonds, which is more sensitive to monetary policy, fell by 5.68 basis points to 3.5595%, ending the day in a downward trend and falling 6.38 basis points for the week. The yield on 10-year U.S. benchmark government bonds fell by 2.08 basis points to 3.6532%, down 5.29 basis points for the week.

  • On the news front, JPMorgan economists reiterated their expectations for a 50 basis point rate cut by the Federal Reserve next week, and October federal funds rate futures saw a wave of buying. However, Westpac Bank stated that the Fed may cut rates by 25 basis points next week, and the yield on 10-year US Treasury notes is expected to have bottomed out around 3.6%. Goldman Sachs still expects the Fed to cut rates by 25 basis points next week and to cut rates at every remaining meeting this year (November and December).

  • Eurozone bonds: the yield on the 10-year German bond, the benchmark for the eurozone, fell by 0.3 basis points, with a cumulative decline of 2.4 basis points this week. The yield on the 2-year German bond dropped by 1.4 basis points, with a cumulative decline of 1.9 basis points this week. The yield on the 10-year French bond fell by 1.1 basis points, with a cumulative decline of 4.3 basis points this week. The yield on the 10-year Italian bond fell by 3.2 basis points, with a cumulative decline of 11.4 basis points this week. The yield on the 10-year UK bond fell by 1.3 basis points, with a cumulative decline of 11.8 basis points this week, and the yield on the 2-year UK bond fell by 1.7 basis points, with a cumulative decline of 15.4 basis points this week.

This week, US Treasury yields have all trended lower, with short-term bond yields leading the decline.
This week, US Treasury yields have all trended lower, with short-term bond yields leading the decline.

Expectations for a 50 basis point rate cut heat up, the US dollar index (DXY) fell by 0.25%, briefly falling below 101 to a one-week low. It has fallen by about 0.06% this week. The yen has risen by about 1.1% this week, approaching the 140 level to hit an 8.5-month high. The offshore renminbi has risen by more than 186 points, approaching 7.10 yuan. Bitcoin has risen above $0.06 million.

  • The US dollar: the weighted average of the US dollar index (DXY) against six major currencies fell by 0.25% to 101.114 points. At 21:12 Beijing time, it hit a daily low of 100.883 points, showing a V-shaped trend for the day and falling overall. It has fallen by 0.06% this week, reaching as high as 101.839 points on September 12.

  • The Bloomberg Dollar Index fell by 0.31% to 1226.11 points. At 22:44, it hit a daily low of 1224.66 points, showing a overall downward trend for the day. It has fallen by 0.47% this week, trading in the range of 1238.02-1224.66 points during the period.

Yesterday there was
Yesterday, after a comment from Nick Timiraos, a well-known financial journalist from "Fed Communications", the US dollar plummeted significantly, marking the sixth decline in the past seven weeks.
  • Non-dollar currencies: The euro against the dollar remained roughly flat, with a cumulative drop of 0.10% this week. The pound against the dollar remained roughly flat, with a decrease of about 0.04% this week. The dollar against the Swiss franc fell by 0.25%, with a cumulative increase of 0.69% this week; Among the commodity currencies, the australian dollar against the dollar fell by 0.27%, with a cumulative increase of 0.53% this week; the new zealand dollar against the dollar fell by 0.42%, with a cumulative decrease of 0.26% this week; the dollar against the canadian dollar rose by 0.04%, with a cumulative increase of 0.10% this week.

  • Yen crosses 141: The yen against the dollar rose by 0.70% closing at 140.82 yen, with an early peak of 140.29 yen during the U.S. morning session, marking a 1.07% cumulative increase this week. The yen against the euro rose by 0.70%, reaching 155.98 yen, with a 1.14% cumulative increase this week; the yen against the pound rose by 0.71%, reaching 184.837 yen, with a 1.06% cumulative increase this week.

  • On the news front, HSBC raised its forecast for the yen-dollar exchange rate, believing that the yen's safe-haven properties are returning, and the Fed is shifting to a rate-cutting cycle. HSBC adjusted its fourth-quarter forecast for the dollar/yen from the previous 148 yen to 142 yen, and its second-quarter forecast for 2025 from 144 to 138 yen.

  • Offshore RMB: Offshore RMB (CNH) rose 186 points against the dollar, closing at 7.1004 yuan. The overall trading range this week was between 7.1367 and 7.0845 yuan, showing a trend of high and then falling back.

  • Cryptocurrencies collectively rose. The largest market-cap leader, Bitcoin, rose 2.61% at the close, at $60,110, with a cumulative increase of approximately 13.39% this week. The second-largest, Ethereum, rose 2.99% at the close, at $2,430.50, with a cumulative increase of 10.83% this week.

Bitcoin soared to its largest weekly increase in two months, rising to the $0.06 million mark.
Bitcoin soared to its largest weekly increase in two months, rising to the $0.06 million mark.

After the Gulf of Mexico storm, the oil market lost momentum to continue to rebound. US oil fell 0.46% on Friday, Brent crude fell 0.5%, but rose for the entire week, breaking the trend of continuous decline for several weeks.

  • US oil: WTI October crude oil futures fell $0.32, a decrease of 0.46%, to $68.65 per barrel, with a cumulative increase of nearly 1.45% this week. US oil rose nearly 2% to $70.32 in early US stock trading and fell to a daily low of $68.47 after midday, with a intraday decrease of over 0.7%.

  • Brent crude: Brent November crude oil futures fell $0.36, a decrease of 0.50%, to $71.61 per barrel, with a cumulative increase of 0.77% this week. Brent crude rose nearly 1.8% to break through $73.20 in early US stock trading, and then continued to fall, with a midday low of over 0.7% below $71.50.

  • On the news front, US CFTC data shows that the bullish sentiment for Brent and WTI crude oil hit a new historical low. UBS said that the global oil market may face a "severe oversupply" by 2025, with non-OPEC supply increasing and demand slowing down, limiting the need for OPEC+ to relax production restrictions. Brent crude oil is expected to be $79 per barrel this quarter, $73 in the fourth quarter, $70 in the first quarter of 2025, $64 in the second quarter, $69 in the third quarter, and $72 in the fourth quarter.

  • Natural gas: US October natural gas futures fell over 2.20%, to $2.3050 per million British thermal units, with a cumulative increase of about 1.32% this week.

Oil prices closed higher this week (although there was a slight pullback today), but US oil is still below $70.
Oil prices closed higher this week (although there was a slight pullback today), but US oil is still below $70.

Expectations for a 50 basis point interest rate cut increased significantly, with spot gold breaking through $2586 to hit a new historical high, with a cumulative increase of over 3.2% this week, the largest weekly gain in five months. Gold futures also broke through $2600 to reach a new high, and palladium rose 15% for the entire week. Copper in London hit a two-week high.

  • Gold: COMEX December gold futures rose 1.08% to $2608.40 per ounce in the closing session, and the midday session of the US stocks hit an intraday record high of $2614.60, with a weekly cumulative increase of 3.31%. Spot gold hit a historical high in the midday session, rising more than 1% to $2586.10, with a weekly cumulative increase of 3.21%.

  • Silver: COMEX December silver futures rose 3.22% to $31.075 per ounce in the closing session, with a weekly cumulative increase of 10.26%. Spot silver hit a high of more than 3.5% in the midday session, rising above $30.92, with a weekly cumulative increase of 9.97%.

  • London industrial base metals collectively rose. Dr. Copper, an economic indicator, rose over 0.998% to $9308 per ton, with a weekly cumulative increase of about 3.47%. Zinc rose by 1.68%, with a weekly cumulative increase of over 6.84%. Aluminum rose by about 2.12%, with a weekly cumulative increase of about 5.51%. Tin rose by 1.27%, with a weekly cumulative increase of about 2.52%. Lead closed up $16, with a weekly cumulative increase of over 4.12%. While nickel fell by about 1.19%.

  • COMEX copper futures rose 0.61% to $4.2210 per pound, with a weekly cumulative increase of 3.52%.

The softening of the US dollar boosted gold prices, which soared to a historic high, marking the best weekly performance in five months.
The softening of the US dollar boosted gold prices, which soared to a historic high, marking the best weekly performance in five months.

Editor/Somer

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