US stock index S&P 500 continues to rise, Tesla falls due to financial results, China’s easing policy, etc. | 25th Financial Tankan

10 months ago 72

1/25 (Thursday) morning market trends (compared to the previous day)

traditional finance

NY Dow: 37,806 -0.26%
Nasdaq: 15,481 -0.3%
Nikkei average: 36,226 -0.8%
USD/JPY: 147.4 +0.03%
Gold futures: 2,014.8 +0.01%
NVIDIA: $613.6 +2.5%
AMD: $178.2 +5.8%
Tesla: $207.8 -0.63%

Today’s NY Dow continues to fall. Meanwhile, the Nasdaq was supported by gains in AI and semiconductor stocks. Additionally, the S&P 500 hit a new all-time high for the fourth day in a row. In addition to Nvidia’s continued growth, AMD, the No. 2 semiconductor manufacturer, rose significantly after an investment company upgraded its investment decision from neutral to buy.

The previous day’s results for Netflix (+10.7%), today’s results for Tesla (-4.43% after hours), and China’s monetary easing policy were factors.

Today’s main market materials are as follows:.

Netflix Financial Results: The number of subscribers for the fourth quarter of 2023 exceeded market expectations, and revenue increased to $8.8 billion, exceeding market expectations and the company’s own forecast of $8.7 billion.
Tesla financial results (2023 4Q): Sales were $25.2 billion, falling short of market expectations of $25.9 billion. The company also warned that this year’s sales growth is expected to slow.
People’s Bank of China: Announced on the 24th that it will lower the deposit reserve ratio by 0.5 points on February 5th and increase the supply of funds in order to promote the economy. It is expected that approximately 20.6 trillion yen worth of long-term liquidity will be provided to the market. Following this news, the Hong Kong Hang Seng Stock Price Index rose +3.56% yesterday, and the Shanghai Composite Index rose +1.8%.
Bank of Japan Monetary Policy Meeting: The Bank of Japan decided not to lift its negative interest rate policy and would maintain easing measures such as short- and long-term interest rate control (YCC) and purchases of exchange-traded funds as they are.
US Manufacturing Purchasing Managers Index (PMI) in January: highest level in 7 months. The sales price index recorded the slowest growth since May 2020, which could be one of the grounds for the US Federal Reserve to cut interest rates.

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