Dow Jones index falls three times in a row, JPMorgan Chase, Goldman Sachs worry about U.S. economy
Dow Jones Industrial Average -0.25% to 37,266.67, S & amp; P 500 Index - 0.56% to 4,739.21, Nasdaq Index dominated by tech stocks -0.59% to 14,855.62。In terms of industry trends, essential consumer goods were the strongest, but still fell -0.19%, with real estate the weakest, down -1.86%。
U.S. stocks traded yesterday.
Dow Jones Industrial Average -0.25% to 37,266.67, S & P 500 Index - 0.56% to 4,739.21, Nasdaq Index dominated by tech stocks -0.59% to 14,855.62。In terms of industry trends, essential consumer goods were the strongest, but still fell -0.19%, with real estate the weakest, down -1.86%。
After-hours U.S. stock news.
"01" Xiaomo, Goldman Sachs warns of U.S. economy
J.P. Morgan CEO Jamie Dimon said he was cautious about the U.S. economy over the next two years due to a combination of financial and geopolitical risks。Dimon pointed out that the Russian-Ukrainian conflict, the Israeli-Palestinian war, the Red Sea turmoil, quantitative tightening, these very powerful forces will affect us in 24, 25 years, but the strong stock market in recent months has made investors ignore these potential risks.。Also Goldman Sachs CEO David Solomon said that while the current market environment feels better than a year ago, excluding geopolitical issues, he is concerned about soaring U.S. debt levels。
"02" Fed Brown Book: No change in economic activity, labor market cooling
The Federal Reserve (Fed) released a Beige Book survey on Wednesday, showing that resilient consumer spending in recent weeks has helped boost the U.S. economy, offsetting the adverse effects of weakness in other industries such as manufacturing, with consumption performance in most regions meeting expectations and even exceeding expectations in some regions。In addition, while economic activity in most regions has not changed much during this period, businesses have become increasingly optimistic about the future (mainly due to lower interest rates) and inflationary pressures have eased.。For the labor market, almost all regions have mentioned signs of cooling (but little change), and many companies believe that wage growth will slow further next year。
"03" Apple Watch ban is about to resume
A U.S. court has rejected Apple's (AAPL) appeal against the Apple Watch ban, which will again ban the sale of watches with blood oxygen monitoring starting Thursday, following a ruling by the U.S. International Trade Commission (ITC) that Apple violated Masimo's (MASI) blood oxygen testing patent, and Apple has plans to bypass the ban through a software update。In addition, according to Bloomberg, the U.S. Department of Justice could file an antitrust lawsuit against Apple as soon as March, focusing on software and hardware restrictions on the iPhone and iPad that hinder competition.。
"04" Samsung Launches Galaxy S24 New Machine with AI Function
Samsung held a flagship phone Galaxy S24 series presentation, the main AI function, the whole series are equipped with Google (GOOGL) Gemini artificial intelligence model, can help users instantly translate the phone, record, summarize the article, edit photos。Samsung said the highest-order Galaxy S24 Ultra features a new titanium frame and is equipped with a range of new AI features, many of which are powered by Qualcomm (QCOM) Snapdragon 8 Gen 3 mobile chips tailored for AI devices.。
China launches security review of Shein
China's powerful Internet regulators are conducting a security review of Shein, which focuses on how Shein handles information about employees, partners, and suppliers in China to ensure that Shein does not leak information overseas。CNBC noted that despite Shein's repeated efforts to distance herself from China and try to portray herself as a multinational company, the review has clearly positioned Shein as a Chinese company that may have to work harder to enlist the support of regulators in both countries in order to push for an IPO at a time of tension between the U.S. and China.。
"06" Boeing 737 MAX 9 completed preliminary testing
Boeing (BA) closed + 1 higher Wednesday.The Federal Aviation Administration (FAA) said it has completed preliminary testing of the first 40 Boeing 737 MAX 9 models, and will next "thoroughly review" the test data to determine whether the aircraft can resume flight.。But according to Bloomberg, U.S. Secretary of State Brinkin was trapped in Davos due to a major failure in his Boeing 737 and was unable to fly back to the United States as planned, and while aircraft failures are not uncommon, this failure was particularly notable during the period when Boeing was under investigation.。
《 More 》
* Google (GOOGL) is still continuing its layoff plan, The Verge reported, with the latest news that the YouTube division has laid off about 100 employees
* Volvo Automotive CEO said on Wednesday that Volvo remains confident of "tremendous growth" in the electric vehicle market, with consumer demand for high-end brands growing stronger than the mass market, so Volvo has strong pricing rights and aims to contribute half of its sales by 2025.
* The chief executive of shipping giant Maersk (Maersk) said on Wednesday that the disruption to global shipping caused by the attack on the Red Sea vessel could last at least a few months, meaning longer shipping times and possible supply chain disruptions
* Netflix (NFLX) doesn't plan to design apps for Apple's (AAPL) upcoming Vision Pro headsets, which may be a big shame for Vision Pro users given that Apple relies heavily on entertainment content to market the new product
* OpenAI CEO Sam Altman pointed out that ChatGPT is particularly helpful for practitioners in programming, healthcare, and education
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.