周四美股收盘涨跌不一。受旅行者保险公司（Travelers）股价大涨推动，道琼斯指数创盘中与收盘历史新高。标普500指数在盘中创下新高，但最后小幅收跌。以科技股为主的纳斯达克综合指数收盘小幅走高。On the evening of the 18th Beijing time, US stocks opened higher on Friday, and the three major indexes are expected to record gains this week. Strong financial reports from Netflix boosted market sentiment. The market is focusing on speeches from Federal Reserve officials and the prospect of the US presidential election.
As of press time, the three major indices show differentiated trends, with the Dow Jones falling by 0.45%, the S&P 500 rising by 0.19%, and the Nasdaq rising by 0.66%.
Financial reports remain the market focus. Streaming giant Netflix's third-quarter earnings and revenue exceeded market expectations, reporting a 35% increase in advertising subscribers compared to the previous quarter.
US stocks closed mixed on Thursday. The Dow Jones index hit a new high both intraday and at the close, driven by a sharp rise in Travelers Insurance's stock price. The S&P 500 index hit a new high intraday but ended slightly lower. The tech-heavy Nasdaq Composite Index closed slightly higher.
All three major US stock indexes are poised to record gains this week, with the Dow rising by 0.9% so far, and the S&P 500 and Nasdaq rising by 0.5% and 0.2% respectively. If all three indexes record gains this week, it will mark the sixth consecutive week of gains, with the Dow and the S&P 500 potentially achieving their longest streak of gains so far this year.
On the economic data front, US Census Bureau data shows that new housing starts in September dropped to an annualized rate of 1.354 million units, compared to 1.361 million units in August. Economists had previously expected 1.35 million units, with a range of forecasts from 1.25 million to 1.4 million units. Building permits fell to 1.428 million units from 1.47 million in August; economists estimated 1.46 million, with a range of forecasts from 1.4 million to -1.5 million units by 46 economists.
Liz Young Thomas, Chief Investment Strategist at SoFi, stated: "Earnings season has begun, and despite some mixed signals, it seems to be in good shape. However, we are in the early stages, with the final days ahead of the election and the next Federal Reserve meeting."
The market is also monitoring the situation of the US presidential election and its impact, adjusting corresponding trading strategies accordingly.
Bank of America strategist Michael Hartnett stated that with the increased likelihood of Donald Trump winning the U.S. presidential election and the Republicans controlling Congress, investors have begun to increase their holdings in assets that have performed well since the former president's victory in 2016.
Hartnett and other Bank of America strategists wrote in their report that the price trends of the past week indicate that investors are buying ahead of time assets such as banks, small cap stocks, and the U.S. dollar that led the rally in 2016.
In November 2016, after Trump defeated Hillary Clinton, the U.S. stock market and the U.S. dollar immediately soared. Other signs also show an increasing focus on the 'Trump trade'. Since early October, a basket of stocks expected to outperform due to a Republican victory by Goldman Sachs has decisively surpassed those benefiting from a Democratic win.
Several Federal Reserve officials, including Atlanta Federal Reserve Bank President Raphael Bostic and Minneapolis Federal Reserve Bank President Neel Kashkari, will be speaking today.
Influenced by a series of strong U.S. economic data, market expectations for a Fed rate cut have been reassessed, and U.S. Treasuries stabilized after a large sell-off. Retail sales data better than expected show that consumer spending remains a key driver of U.S. economic growth.
Geoffroy Goenen, head of European equities at Candriam, stated: 'As for Fed policy, we believe the trend has not changed, and we expect rates to continue to be lowered by the end of this year.'
In overseas central bank news, the Bank of Japan stated on Friday that the economic impact of unstable markets and overseas risks must be monitored, indicating no urgent need for a rate hike. After the Bank of Japan's statement, the USD/JPY exchange rate fell by 0.2% to 149.86 yen, having broken through the psychological level of 150 overnight for the first time.
Focus stocks
Growth tech stocks rose across the board, Netflix rose more than 10%,$ASML Holding (ASML.US)$Rose more than 2%, Apple rose more than 1%
China concept stocks are generally rising.$KE Holdings (BEKE.US)$Rose more than 7%, Ctrip,$Bilibili (BILI.US)$Rises more than 5%
Chinese assets etfs collectively rise,$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$Increased by over 12%.$iShares China Large-Cap ETF (FXI.US)$Up over 4%.
Cryptocurrency concept stocks rise again,$Hut 8 (HUT.US)$Up more than 7%,$MicroStrategy (MSTR.US)$Rises more than 5%
$Netflix (NFLX.US)$Intraday rise nearly 10%, hitting a historical high, third-quarter performance exceeds expectations.
$Apple (AAPL.US)$Rises by over 1%, demand picks up, iPhone 16 first launched in China with a 20% surge in sales.
$Intuitive Surgical (ISRG.US)$Rising by almost 9%, reaching a historical high, Q3 performance exceeds expectations.
Editor/ping
