US30 | Trade idea

2024年9月4日

Key Points:

• Tesla: Shares fell 1.6% after a report that the company plans to produce a six-seat Model Y in China by late 2025.
  
• Boeing: Dropped 7.3% following a downgrade from Wells Fargo to "underweight" from "equal weight."
  
• Nvidia: Slumped nearly 10%, wiping out a record $279 billion in market value, marking the largest single-day decline for a U.S. company.
  
• U.S. Manufacturing: Edged up in August from an eight-month low but remained subdued, according to ISM data.
  

Market Performance:

• S&P 500 fell 2.1%
  
• Nasdaq dropped 3.3%
  
• Dow declined 1.5%
  
• This marks the biggest daily percentage decline for these indexes since early August.
  
• Nine out of 11 S&P 500 sectors fell, with technology, energy, communication services, and materials leading the decline.
  

Market Sentiment: Weakened amid concerns about the Federal Reserve’s interest rate decisions, with September being historically one of the worst months for stock market performance.

Volatility: The CBOE Volatility Index (VIX) jumped 33.2% to 20.72, the highest close since early August.
Trading Volume: Totaled 12.14 billion shares across U.S. exchanges, above the 20-day moving average of nearly 11 billion.

Labor Market: Traders are awaiting labor market reports ahead of the August non-farm payrolls data.

Fed Meeting: Scheduled for Sept. 17-18, with a 63% chance of a 25-basis point rate cut and a 37% chance of a 50-basis point cut, according to the CME FedWatch Tool.

Market Breadth: On the NYSE, declining issues outnumbered advancers by 2.52-to-1, while on the Nasdaq, decliners outnumbered advancers by 3.5-to-1.

2024年9月4日

交易進行

Trading active.

2024年9月6日

註釋

Market moving well.

2024年9月10日

交易進行

Re-entry again in same price.