U.S. stocks close｜Dow surges 423 points in a day; S&P 500 just 7 points shy of a record high 🔥
Friday, 10/9 close: Dow 51,655 (+0.8%), S&P 7,812 (+0.6%), Nasdaq 27,366 (+0.6%). All three major indexes finished the week in the green.
Honestly, after OpenAI’s revenue came in below expectations yesterday, I thought AI stocks might stay down for a couple more days. But they were bought right back up today. The real fireworks were in telecom: SpaceX bought 800 MHz of spectrum across the U.S., sending T-Mobile down 13% in a day. AT&T and Verizon also fell nearly 10%, while tower stocks took off. Humana surged 12% after a major upgrade to its health insurance rating.
But!!! The University of Michigan consumer sentiment index fell to 46.3, its second-lowest reading on record, and the 10-year Treasury yield is still above 5.2%. The indexes are climbing, but things underneath the surface aren’t exactly easy.
On the charts: the green dashed lines on the Nasdaq and S&P charts mark support; the red dashed lines mark resistance at previous highs.
· Entry zone: Nasdaq 27,050 / S&P 7,730, if they retest and hold
· Resistance: Nasdaq 27,700 / S&P 7,845 (previous high)
· Invalidation: if the S&P closes back below 7,690, don’t chase this move for now
Next week is the main event: JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo kick off earnings season on Tuesday; Wednesday brings September CPI (market expectations: +0.6% month over month, core +0.2%), plus Bank of America, Morgan Stanley, and ASML; Thursday brings PPI, retail sales, and TSMC earnings; and options expire Friday. U.S. stock markets are open Monday for Columbus Day, but the bond market is closed.
My take: if CPI doesn’t deliver a nasty surprise, the S&P will probably test a new high. If it does, wait for a pullback to 7,730 before jumping in—don’t rush to go all-in. Which way are you betting next week?
⚠️Just my personal rambling; this is not investment advice.
#标普500逼近历史新高 #U.S.Stocks
$QQQ
$SPY
Friday, 10/9 close: Dow 51,655 (+0.8%), S&P 7,812 (+0.6%), Nasdaq 27,366 (+0.6%). All three major indexes finished the week in the green.
Honestly, after OpenAI’s revenue came in below expectations yesterday, I thought AI stocks might stay down for a couple more days. But they were bought right back up today. The real fireworks were in telecom: SpaceX bought 800 MHz of spectrum across the U.S., sending T-Mobile down 13% in a day. AT&T and Verizon also fell nearly 10%, while tower stocks took off. Humana surged 12% after a major upgrade to its health insurance rating.
But!!! The University of Michigan consumer sentiment index fell to 46.3, its second-lowest reading on record, and the 10-year Treasury yield is still above 5.2%. The indexes are climbing, but things underneath the surface aren’t exactly easy.
On the charts: the green dashed lines on the Nasdaq and S&P charts mark support; the red dashed lines mark resistance at previous highs.
· Entry zone: Nasdaq 27,050 / S&P 7,730, if they retest and hold
· Resistance: Nasdaq 27,700 / S&P 7,845 (previous high)
· Invalidation: if the S&P closes back below 7,690, don’t chase this move for now
Next week is the main event: JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo kick off earnings season on Tuesday; Wednesday brings September CPI (market expectations: +0.6% month over month, core +0.2%), plus Bank of America, Morgan Stanley, and ASML; Thursday brings PPI, retail sales, and TSMC earnings; and options expire Friday. U.S. stock markets are open Monday for Columbus Day, but the bond market is closed.
My take: if CPI doesn’t deliver a nasty surprise, the S&P will probably test a new high. If it does, wait for a pullback to 7,730 before jumping in—don’t rush to go all-in. Which way are you betting next week?
⚠️Just my personal rambling; this is not investment advice.
#标普500逼近历史新高 #U.S.Stocks
$QQQ
$SPY