U.S. stock index futures rose before the market, star technology stocks rose slightly, Qualcomm rose more than 1%, Apple rose nearly 1%, Tesla, Nvidia, Meta, and Google rose.
U.S. stock index futures rose pre-market, with star technology stocks up slightly, and Apple up nearly 1%.
Individual stocks
Star technology stocks rose slightly, Qualcomm rose more than 1%, Apple rose nearly 1%, Tesla, Nvidia, Meta, and Google all rose.
Starbucks rose by more than 2%. Recently, the company officially released the 2025 China strategic vision. By 2025, the number of Starbucks China stores will reach 9,000, and the number of employees will increase by 35,000 to more than 95,000, and the net income will be doubled. Profits are four times the current growth target.
Jeffrey Gundlach, the chief investment officer of DoubleLine Capital and known as the “New Debt King”, recently worried that the Fed may go too far in raising interest rates to fight inflation.
Although he thinks the Fed may raise rates by 75 basis points at its next meeting, he himself prefers to raise rates by only 25 basis points, because he worries that the Fed may over-steer the economy and not have enough time to see what happens when a previous rate hike occurs. Effect.
Bank of America strategist Mark Cabana warned on Tuesday that the Federal Reserve is likely to raise interest rates too much until the U.S. economy slips into recession, as Fed officials are likely to ignore falling inflation data until they see a further slowdown in the job market.
Wood warned that the Fed’s move to raise interest rates to curb high inflation was a mistake. Although the Fed is widely expected to accelerate interest rate hikes to fight inflation, Wood believes that the Fed may make the mistake of “excessive rate hikes”, and now it is more to worry about deflation.