UM Latest Market News Update!


U.S. economic data shows mixed signals, but tech stocks strongly lift the market.

Retail Sales: Edged up 0.1%, below the expected 0.2% growth, indicating a decline in consumer confidence.

Durable Goods Sector:

• Wood Products: +2.6%

• Machinery: +2.3%

• Computers and Electronic Products: +0.8%

• Furniture and Related Products: -2.6%

• Printing and Related Support (Non-Durables): -1.5%

May Manufacturing Capacity Utilization:

• 77.1%, 1.1 percentage points below the long-term average.

Financial Markets:

• S&P 500 Index: +0.25%, setting a closing record for the second consecutive time.

• Nasdaq: Achieved a closing record for seven consecutive trading days.

• Dow Jones Index: Rose by 56 points.

Semiconductor Stocks

• NVIDIA: +3.51%

• Qualcomm: +2.2%

• TSMC: +1.4%

• Micron Technology: +3.8%

Federal Reserve Signals: Mixed signals from Federal Reserve officials, with some suggesting a possible rate cut later this year.

U.S. Market Halt: Pausing on Wednesday to celebrate Juneteenth.

Manufacturing Output: Robust growth of 0.9%, increasing by 0.93%! Durable goods up 0.6%, non-durables surged 1.1%, and publishing/logging slightly increased by 0.2%.


Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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