On Thursday, October 31st, the three major stock indices in the U.S. all fell. $S&P 500 Index (.SPX.US)$ The closing price fell by 108.22 points, a decrease of 1.86%, to 5705.45 points. The cumulative decline in October was 0.99%, ending the continuous increase since May. $Dow Jones Industrial Average (.DJI.US)$ The closing price dropped by 378.08 points, a decline of 0.90%, to 41763.46 points. The cumulative decline in October was 1.34%, ending the rising trend.
Mainly focused on technology stocks, $Nasdaq Composite Index (.IXIC.US)$ The closing price dropped by 512.78 points, a decrease of 2.76%, to 18095.15 points. The cumulative decline in October was 0.52%, ending the two-month increase. The Russell 2000 small-cap stock index, sensitive to economic cycles, dropped by 1.63%, with a cumulative decline of 1.49% in October.$CBOE Volatility S&P 500 Index (.VIX.US)$ Rising by 13.81%, closing at 23.16.
In terms of industry ETFs, most ended lower at the close.$ChinaAMC CSI All Share Utilities ETF (159301.SZ)$Rising by over 1%,$ICBCCS CSI Guoxin Central-SOEs Modern Energy ETF (561260.SH)$Rising by over 0.5%. In comparison,$GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF (512480.SH)$Down nearly 4%, the technology industry etf and the global technology stock etf each dropped by about 3%.
Top 5 gainers in the US stock etf
$2x Long VIX Futures ETF (UVIX.US)$ Up 15.6%, with a trading volume exceeding 0.2 billion US dollars;
The US October non-farm employment report will be released on Friday, providing the final clues for the Fed's policy decision next week. Market expectations are looking forward to OctoberNon-farm employmentemployment will drop from 0.254 million in September to approximately 0.113 million, the lowest monthly employment growth rate since December 2020.
$GRANITESHARES 1X SHORT COIN DAILY ETF (CONI.US)$ Up 15.49%;
$Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ Up 11.61%, with a trading volume of $1.513 billion;
On the same day, US tech stocks $Microsoft (MSFT.US)$ and $Meta Platforms (META.US)$ stock prices fell after the third-quarter earnings announcement,$PHLX Semiconductor Index (.SOX.US)$Fell by 4.01%, down 4.37% in October. industry etf SOXX fell by 3.88%.$NVIDIA (NVDA.US)$Double long ETF fell by 9.62%. AMD fell by 3.05%.
$ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ Rose by 11.58%, with a trading volume of 0.464 billion US dollars;
$T-Rex 2X Inverse Ether Daily Target ETF (ETQ.US)$ Rose by 11.23%.
Top 5 Declining US Stock ETFs
$GraniteShares 2x Long COIN Daily ETF (CONL.US)$ Declined by 30.87%, with a trading volume of $21.4359 million.
The largest listed cryptocurrency exchange in the USA $Coinbase (COIN.US)$ The stock price plummeted by 15.34% on Thursday, marking the largest single-day decline since July 2022. Coinbase's financial report revealed that its third-quarter revenue rose to $1.21 billion, but fell short of analyst expectations of $1.25 billion. Net income was $75 million, significantly lower than the analyst's anticipated $0.112 billion.
$Defiance Daily Target 2X Long SMCI ETF (SMCX.US)$ Plunged by 23.31%, with a trading volume of $19.0127 million, experiencing over 70% decline in two days.
$Super Micro Computer (SMCI.US)$ The "audit storm" continues to ferment, and the AI tech giant, which once saw its stock price rise tenfold in a year, is facing the risk of being delisted by the exchange. Tianfeng International analyst Guo Mingchi pointed out that based on past experiences, resignations in audit/accounting are very serious, with the possibility of the stock facing suspension or delisting increasing: "This will indirectly lead to a decline in the competitiveness of Super Micro Computer and face even more severe survival challenges."
Guo Mingchi also added that considering Super Micro Computer's good AI server design and manufacturing capabilities, one might see a major restructuring of the senior management and board of directors at Super Micro Computer, with the possibility of being acquired by other companies.Mergerpossibilities.
$GRANITESHARES 2X LONG UBER DAILY ETF (UBRL.US)$ fell by 18.9%;
$Uber Technologies (UBER.US)$ The company released its 2024 third quarter financial report, with both quarterly revenue and profits exceeding expectations. However, the total order amount fell short of expectations, leading to a sharp drop in its stock price; due to economic uncertainty and $Qualcomm (QCOM.US)$Inflation pressure on passengers, Uber's prospects highlight market concerns about weakening demand in the online car-hailing industry in the past few quarters.
$ETF OPPORTUNITIES TR T REX 2X LONG MICROSOFT DAILY TARGET ETF (MSFX.US)$Please use your Futubull account to access the feature.$GRANITESHARES 2X LONG MSFT DAILY ETF (MSFL.US)$ fell more than 12%.
$Microsoft (MSFT.US)$ In the first quarter, the revenue performance was $65.585 billion, a year-on-year increase of 16%, with an earnings per share of $3.3, a year-on-year increase of 10%, both exceeding market expectations. The most noteworthy aspect is the rapid growth of Microsoft's cloud business, with a year-on-year increase of 22%. However, due to soft performance guidance, the capital expenditure that Wall Street is very concerned about will continue to increase, suppressing the stock price trend after Microsoft's earnings.
Top 5 of the US stock market indices ETF performance gainers
Top 5 of the industry ETF performance gainers
Top 5 of the bond ETF performance gainers
Hot ETFs and hot topics
As global inflation continues to rise this year, the market is beginning to focus on gold, silver, and other "hard currencies" to hedge against the risk of price increases. Especially as the US election approaches, uncertainties are escalating.$Bitcoin (BTC.CC)$... Its price has soared to a historic high, closely related to market expectations of interest rate cuts by the Federal Reserve.There is a significant increase in demand, and the capital inflow of related ETFs has significantly increased.
As the U.S. election day enters the crucial stage, the Bitcoin ETF sees the largest net inflow in history. According to Bloomberg's compilation of data, on Wednesday, the world's largest Bitcoin ETF - $iShares Bitcoin Trust (IBIT.US)$ Welcomed an inflow of 0.872 billion US dollars, setting a record for single-day fund inflows.
Precious Metals ETF
The safe-haven properties of gold and silver are fully reflected in the current economic environment. Specifically, $SPDR Gold ETF (GLD.US)$Please use your Futubull account to access the feature.$Gold Trust Ishares (IAU.US)$and$Abrdn Gold ETF Trust (SGOL.US)$and$Spdr Gold Minishares Trust (GLDM.US)$and$iShares Silver Trust (SLV.US)$ Both can track the performance of the precious metals market.
Bitcoin ETF
This year, the Bitcoin ETF has performed well. Since its launch in January, the American spot crypto$HUOBIETF (511601.SH)$attracted approximately $20.7 billion in inflow, with nearly $3.6 billion flowing in last month. $iShares Bitcoin Trust (IBIT.US)$,$Grayscale Bitcoin Trust (GBTC.US)$Please use your Futubull account to access the feature.$Fidelity Wise Origin Bitcoin Fund (FBTC.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$, $Grayscale Bitcoin Mini Trust (BTC.US)$Track the performance of Bitcoin prices.
Editor/Danial
