On the evening of the 29th Beijing time, the US stock market opened with mixed gains and losses. The US Treasury yield continued to rise. Investors are preparing for the financial reports of important technology companies such as Alphabet and AMD. As of the time of publication,$S&P 500 Index (.SPX.US)$down 0.01%, $Nasdaq Composite Index (.IXIC.US)$ up by 0.11%, $Dow Jones Industrial Average (.DJI.US)$ down 0.01%.

The market is also focused on a series of important economic data that will determine the Fed's next interest rate decision, as well as the upcoming US presidential election just one week away.

ford motor's stock price is falling, with the auto manufacturer's full-year performance guidance only reaching the lower end of its previously set range.

Parent company vf corp of the North Face brand saw a sharp increase in stock price after the company announced better-than-expected performance.

US stocks closed higher on Monday, with the Dow breaking a five-day decline, while the tech-focused Nasdaq Composite Index recorded its eighth increase in the past nine trading days.

Stock investors seemed to welcome the sharp drop in crude oil futures prices on Monday. Israeli airstrikes against Iran over the weekend did not hit energy and nuclear facilities as some feared. However, as US Treasury yields continue to rise, stock gains are limited.

Adam Crisafulli, founder of Vital Knowledge, said: "On one hand, the current macro conditions are very favorable: resilient economic growth, declining inflation rates, stimulus measures, and relatively healthy corporate earnings. But stock valuations are high, and the sharp rise in Treasury yields is acting as headwinds."

The busiest week of US earnings season kicks off, with the financial reports of the seven tech giants in the US stock market becoming the focus of Wall Street this week.

Traders will closely watch the earnings reports of some large companies on Tuesday, with companies announcing their financial reports today including pfizer, mcdonald's, Alphabet, AMD, Snap, Reddit, and Mod Pizza.

Tech giants Meta Platforms and Microsoft are scheduled to release earnings reports on Wednesday, while Apple and Amazon will take the stage on Thursday.

On Tuesday's economic data, data released by the US Department of Commerce showed that the initial value of the September goods trade deficit widened from $94.2 billion in the previous month to $108.2 billion.

Prior to the survey, 32 economists had forecasted a range for the trade deficit of $92 billion to $101 billion, with a median forecast of $96 billion.

In September, imports increased by 3.8% from $272.02 billion in August to $282.414 billion. Exports decreased by 2% from $177.802 billion in August to $174.187 billion. Wholesale trade inventories declined by 0.1% to $905 billion. Retail trade inventories increased by 0.8% to $824.3 billion.

With only one week left until the US presidential election, the market is preparing for the prospect of Trump potentially returning to the White House. Most mainstream polls currently show Trump and Vice President Harris in a deadlock.

Cryptocurrency companies are rising, with Bitcoin breaking $71,000 for the first time since June, as Trump is seen as a candidate supporting digital currencies.

A market survey shows that Trump's victory would be more favorable for stocks and Bitcoin, while a Harris presidency may slightly ease housing costs. Around 38% of respondents believe that the stock market will accelerate one year after the Republican candidate takes office, compared to only 13% for the Democratic candidate.

PHILLIP Wool, Director of Portfolio Management at Rayliant Global Advisors, said that Trump's chances of winning are increasing, which is positive for the US stock market in the short term. He pointed out that the budget deficit will increase, inflation will rise, potentially slowing down the Fed's rate-cutting pace. All of this may put upward pressure on the US dollar.

Temasek warns that a Trump victory will slow down global economic growth. The company cautioned in an interview that Trump's election as US president will not necessarily be beneficial for the world economy and financial markets. Instead, it could lead to a slowdown in global economic growth, ultimately impacting American businesses.

Ahead of the upcoming US presidential election next week, investors around the world are in a state of tension. According to a recent survey, Trump's victory would be more favorable for investors holding stocks and bitcoin compared to his Democratic opponent Harris.

Meanwhile, in the days leading up to the gathering of Federal Reserve policymakers to reflect on the pace of interest rate cuts, data shows that the fundamental strength of the US economy remains robust, with temporary fluctuations in job growth.

Focus stocks

Growth tech stocks fluctuate. $Taiwan Semiconductor (TSM.US)$Please use your Futubull account to access the feature.$Alphabet-A (GOOGL.US)$Please use your Futubull account to access the feature.$Advanced Micro Devices (AMD.US)$ Rises more than 0.5%, $Tesla (TSLA.US)$ Falls more than 0.5%, $NVIDIA (NVDA.US)$ Falls by 0.16%.

Many China concept stocks are mostly turning lower, $KE Holdings (BEKE.US)$ rose more than 1%, $Alibaba (BABA.US)$Fell by 0.19%, $PDD Holdings (PDD.US)$ fell by 0.63%, $NIO Inc (NIO.US)$ dropping nearly 2%, $Daqo New Energy (DQ.US)$ Fall more than 20%.

Donald Trump concept stocks $Trump Media & Technology (DJT.US)$ Triggered multiple circuit breakers during the session, now down 2.81%.

Cryptocurrency concept stocks surged and then retreated, $MicroStrategy (MSTR.US)$ down 0.33%, $Coinbase (COIN.US)$Rise by more than 0.86%, $MARA Holdings (MARA.US)$ Rise by 0.16%.

$NVIDIA (NVDA.US)$ Fall by 0.25%. SoftBank's Masayoshi Son stated on Monday that regarding artificial intelligence and companies like nvidia, despite some claiming that nvidia is facing difficulties, he believes that the market has just overestimated its value too early; in fact, he thinks nvidia is currently undervalued. There is a significant gap between the perceived value and long-term potential of generative artificial intelligence, indicating that the current views may reflect a bubble.

$Tesla (TSLA.US)$ Fall by nearly 1%, the company recently announced the extension of its 0% loan incentive measures until the end of November to help the company achieve its delivery target for the fourth quarter of 2024. The company plans to deliver over 515,000 cars in the fourth quarter of 2024, an increase of 30,000 cars from the same period last year, making it Tesla's highest quarterly delivery record to date.

$Apple (AAPL.US)$ Slight increase of 0.08%. Industry sources said that apple has invested in the development of the next-generation M5 chip, which will be produced using taiwan semiconductor's 3nm process. According to two individuals familiar with the matter, apple will for the first time use an indian factory to complete the preliminary manufacturing work of the basic version of the iPhone 17 next year.

$Ford Motor (F.US)$ Dropped more than 9%, with net income for the third quarter falling over 25% below expectations, leading to a decrease in full-year profit forecasts.

$PayPal (PYPL.US)$ Decreased nearly 7%, with adjusted earnings per share of $1.20 in the third quarter, surpassing market estimates of $1.07. The third-quarter adjusted operating income reached $1.48 billion, exceeding the market's expectations of $1.38 billion.

Editor/Rocky