J.P. Morgan is bullish: U.S. stocks are breaking free from the black hole predicament, with the next target level for the S&P 500 being 6125-6170.
JPMorgan's recent report on the U.S. stock market technical strategy indicates that the easing of the China-U.S. trade war has driven the S&P 500 Index to break through key resistance levels, suggesting a stop-loss level of 5600 for long positions, with a target aiming towards 6125-6170.
Chicago Fed President: The Federal Reserve must maintain stability amid stock market volatility and policy changes.
Chicago Federal Reserve Chairman Goolsbee stated on Wednesday that the Federal Reserve should not react to the fluctuations in the Stocks market and the economic policy statements, and that the current economic data remains stable.
US Morning News Call | U.S. Secures $600 Billion Investment Commitment from Saudi Arabia
U.S. stocks closed: The S&P recovered all losses for the year, and NVIDIA's surge led the return of the AI Concept.
① NVIDIA received a large order from Saudi Arabia, closing up 5.63%; ② UnitedHealth plummeted about 18%, dragging down the Dow; ③ Nasdaq Golden Dragon Index fell 0.07%; ④ General Motors partnered with LG New Energy to develop a new type of LMR square Battery.
Consumer Prices Post Mild Increase in April. But Trade Wars Likely to Add to Inflation Despite Reduced Tariffs.
Express News | US Apr. Core Inflation Rate MoM 0.2% Vs 0.3% Forecast, Prior 0.1%
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