August 25, the three major indexes of US stocks opened higher and showed differentiation. Dow Jones Industrial Average opened once recovered the 33,000 point mark; many Chinese stocks listed in the list rose sharply at the beginning of the session. Institutional sources remind that in the future, as the US economy enters a recession, US stocks are likely to bottom out for the second time.
Many Chinese stocks rose sharply at the beginning of the session
August 25, the three major U.S. stock indexes opened higher collectively, and then performed differentiated.
Wind data shows that as of 21:40 Beijing time, Dow Jones Industrial Average fell 0.11%, S&P 500 and Nasdaq rose 0.55% and 0.30% respectively.
Source: Wind
Financial Report Season, performance still dominates the performance of stock .
Wind data shows that US chip giant Nvidia fell more than 2% at the beginning of the session. The company's revenue in the second quarter was US$6.7 billion, a month-on-month decrease of 19%, lower than the market's expectations of US$6.83 billion; the company also expects revenue in the third quarter to be about US$5.9 billion, far lower than the market's expectations of US$6.92 billion.
American Internet fitness giant Peloton fell by more than 17% at the beginning of the session. The company's net loss expanded to $1.24 billion in the second quarter, compared with a net loss of $313.2 million in the same period last year, and has suffered losses for six consecutive quarters.
Cloud computing and data analysis software company Snowflake rose 19% at the beginning of the session. The company's second-quarter revenue increased by 83% year-on-year to US$497 million, and its full-year performance guidance was better than expected.
It is worth noting that many Chinese stocks listed in the market rose sharply at the beginning of the session. As of 21:40, Futu Holdings rose more than 8%, Pinduoduo rose more than 7%, and Bilibili , Dingdong Maicai , Huya Live, and iQiyi all rose more than 6%.
Source: Wind
For the future market of US stocks, Guosheng Securities chief strategy analyst Zhang Junxiao believes that if judged by the "recession-type bear market", it is too early to end the bear market of US stocks, and there is still considerable downward pressure after this round of rebound.
The US real GDP growth correction value in the second quarter was -0.6%
On August 25th local time, the US Department of Commerce released an annualized quarterly correction value of the US real GDP growth in the second quarter (GDP). The data showed that the US real GDP growth in the second quarter was -0.6%.
htmlOn July 28, the US Department of Commerce released the initial annualized quarterly annualized GDP of the second quarter of the United States was -0.9%, and the previous value was -1.6%.In addition, the annualized quarterly annualized quarterly price index of core personal consumption expenditure (PCE) announced on the same day was 7.1%, the same as the previous value.
htmlOn August 23, White House released a mid-year budget update report. In the report, the White House lowered its U.S. economic growth forecast for the next two years, significantly reducing the U.S. real GDP growth forecast for 2022 from 3.8% in March to 1.4%, and reducing the U.S. real GDP growth forecast for 2023 from 2.5% in March to 2%.column editor: Gu Wanquan Text editor: Song Hui Title picture source: Xinhua News Agency Photo editor: Jae Xi
Source: Author: China Securities Journal
