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U.S. Stock Market Q2 Earnings Report Draws Attention As Dow Surges Over 300 Point


U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising over 300 points. U.S. Treasury yields declined. The market is closely watching the important Consumer Price Index (CPI) inflation data to be released on Wednesday, as well as the upcoming second-quarter earnings reports. 



U.S. Stocks 

Fundamental Analysis: 

The second-quarter earnings season for U.S. stocks will kick off this week. Some “systemically important financial institutions” will release their earnings reports this week, including JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock. Other important companies that will report their earnings include PepsiCo, Delta Air Lines, and more. 

The six major U.S. technology giants account for over 50% of the weighting in the Nasdaq 100, and adjustments are imminent. The regulators behind the Nasdaq 100 index, which is considered a global technology stock benchmark, are taking action to weaken the influence of these large technology giants on the index. 

Technical Analysis:    

(S&P 500 Index, 1-day chart) 

Market Trends: 

  • Dow Jones rose 317.02 points, or 0.93%, to 34,261.42. 
  • Nasdaq rose 75.22 points, or 0.55%, to 13,760.70.  
  • S&P 500 rose 29.73 points, or 0.67%, to 4,439.26. 

Hong Kong Stocks 

Fundamental Analysis: 

Hong Kong stocks continued their rebound in the morning session. Following the positive performance in overseas markets, Hong Kong stocks opened higher by 137 points in the morning, narrowing to a gain of only 79 points at one point.  

The Hang Seng Index was at 18,739. It later received buying support and gradually expanded its gains to a high of 18,932, with a maximum increase of 272 points. It continued to hover near the high before the market closed. 

In terms of the market, large technology stocks performed well, with Bilibili Inc. (9626.HK) up over 7%, KE Holdings Inc. (2423.HK) and Meituan (3690.HK) up over 4%, and Baidu, Inc. (9888.HK), JD.com, Inc. (9618.HK), Tencent Holdings Limited (0700.HK), and ALIBABA (1688.HK) all showing gains. 

International oil prices rose, and domestic policies were favorable. The three major oil companies rose. With a hot summer box office and continued increase in film-related stocks, Maoyan Entertainment (1896.HK) led with an increase of over 9%. However, airline stocks performed poorly, and traditional Chinese medicine and defense stocks showed significant declines. 

Technical Analysis: 

(Hang Seng Index, 1-day chart) 

Market Trends: 

  • Hang Seng Index rose 1.15% to 18,875.17. 
  • Hang Seng Tech Index rose 2.45%.  
  • Hang Seng China Enterprises Index rose 1.61%. 

FTSE China A50 Index 

The three major indices of A shares opened slightly lower, and the market traded in a narrow range in the morning session with slightly increased trading volume compared to the previous trading day, but the market’s upward momentum has not yet begun. 

In terms of industry performance, leading sectors include power equipment, automotive manufacturers, fertilizer industry, electric machinery, and automotive parts.  

Declining sectors include shipbuilding, gaming, aviation and airports, communication equipment, and real estate development. Active sectors include hub motors, electronic rearview mirrors, automotive integration die-casting, Huawei automobiles, fluorine chemicals, and phosphorus chemicals. 

Technical Analysis: 

(SSE Composite Index, 1-day chart) 

Market Trends: 

  • Shanghai Composite Index fell 0.13% to 3,217.28. 
  • CSI 300 Index fell 0.18% to 11,008.96. 
  • ChiNext Index fell 0.24% to 2,211.51. 
  • STAR 50 Index fell 0.68% to 994.56. 

Forward-looking Statements    
This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Prime will be generally assumed as forward-looking statements.     

Doo Prime has provided these forward-looking statements based on all current information available to Doo Prime and Doo Prime’s current expectations, assumptions, estimates, and projections. While Doo Prime believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Prime’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.     

Doo Prime does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Prime is not obliged to provide or release any updates or revisions to any forward-looking statements.    

 
Disclaimer    

While every effort has been made to ensure the accuracy of the information in this document, DOO Prime does not warrant or guarantee the accuracy, completeness or reliability of this information. DOO Prime does not accept responsibility for any losses or damages arising directly or indirectly, from the use of this document. The material contained in this document is provided solely for general information and educational purposes and is not and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, securities, futures, options, bonds or any other relevant financial instruments or investments. Nothing in this document should be taken as making any recommendations or providing any investment or other advice with respect to the purchase, sale or other disposition of financial instruments, any related products or any other products, securities or investments. Trading involves risk and you are advised to exercise caution in relation to the report. Before making any investment decision, prospective investors should seek advice from their own financial advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision. 

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