On June 6th local time, the US stock market closed with mixed gains and losses. The Dow Jones Industrial Average rose 0.20%, the Nasdaq fell 0.09%, and the S&P 500 index fell 0.02%. The Nasdaq rose as high as 17235.73 points, while the S&P 500 index rose as high as 5362.35 points, both hitting historic highs during trading.
US WTI crude oil futures closed higher, marking the second consecutive day of gains. The market is paying attention to the potential impact of the interest rate policies of European and American central banks on the crude oil market.
Musk's SpaceX spacecraft Starship rocket system finally achieved success in its fourth test flight, pushing this heavy rocket to a new milestone.
The three major US stock indexes have mixed closing gains and losses
On June 6th local time, the US stock market closed on Thursday with mixed gains and losses. The Nasdaq and S&P 500 index fell slightly after reaching historic highs. Investors are waiting for Friday's non farm payroll report to further assess the outlook of the Federal Reserve's monetary policy.
Nvidia hit a new high on Thursday morning, but then fell again, with its market value falling below $3 trillion. The stock surged over 5% on Wednesday, breaking through $1200 for the first time in history and breaking through $3.01 trillion in market value for the first time, surpassing Apple to become the second largest company in the US stock market. Earlier this week, the company announced its next-generation artificial intelligence chip architecture, Rubin.
Mizuho Securities predicts that Nvidia currently controls 70% to 95% of the AI chip market used for training and deploying models such as OpenAI GPT. Nvidia's pricing power lies in its 78% gross profit margin, which is a very high number for a hardware company that manufactures and delivers physical products.
"Leading Individual Investors" Plan to Launch Live Streaming
On Thursday, June 6th local time, a post on Google's YouTube showed that "retail leader" Keith Gill will return to the platform for live streaming on Friday, June 7th, for the first time in three years. This move once again triggered an intraday surge in the stock price of Game Station (GME), with the stock price skyrocketing by 50%.
Although Gill's post on YouTube did not include any discussion or disclosure of his plans, his return this year and recent release of GME holdings have sparked widespread speculation in the market that this "leader" is optimistic about GME.
The post shows the time - his live broadcast will start at 12:00 noon Eastern Time on Friday. The live streaming homepage also shows: I bet you that I will let you participate.
European stock markets are approaching historical highs
On June 6th local time, the European Central Bank took a historic step by lowering interest rates for the first time before the Federal Reserve. Subsequently, European stock markets closed close close to historic highs.
The DAX index in Germany rose 0.38%, the FTSE 100 index in the UK rose 0.47%, the CAC40 index in France rose 0.42%, the MIB index in Italy rose 0.95%, and the Stoxx 600 index in Europe closed up 0.66%. Previously, the European Central Bank announced a 25 basis point interest rate cut, which met expectations.
The European Central Bank has raised its forecast for prices. On the same day, ECB President Lagarde stated that the ECB will not pre commit to a specific interest rate path in the future. Swap contracts show that traders no longer have a 100% expectation of another rate cut by October, and the likelihood of a rate cut in September is still greater than not lowering.
The European benchmark stock index has reached a historic high this year, as the market is betting that slowing inflation will allow central banks to relax monetary policy, and the rebound in economic growth has also boosted market sentiment.
US WTI crude oil rose for the second consecutive day
On Thursday, June 6th local time, US WTI crude oil futures closed higher, marking the second consecutive day of gains. The market is paying attention to the potential impact of the interest rate policies of European and American central banks on the crude oil market.
On Thursday, the European Central Bank lowered interest rates for the first time in five years, with traders betting that the Federal Reserve will take action to lower rates in September.
The West Texas Intermediate (WTI) futures for July delivery on the New York Mercantile Exchange rose $1.48, or about 2%, to close at $75.55 per barrel.
On Wednesday, US WTI crude oil futures closed up more than 1%, ending this week's consecutive decline. Prior to Wednesday's rebound in oil prices, this week's announcement of ADP private employment numbers was much lower than expected, boosting expectations for the Federal Reserve's interest rate cut.
Federal Reserve futures trading shows that the likelihood of the Fed lowering interest rates in September is about 70%, and lower interest rates will bring stronger economic growth and oil demand.
In a report released on Thursday, oil broker PVM analyst Tamas Varga wrote, "The May ADP private employment data released yesterday also indicated a slowdown in the labor market, which made the Federal Reserve very happy. In addition, the US stock market climbed to a historic high, creating an irresistible temptation for investors with oil, and crude oil prices faithfully followed the stock market's rise on Wednesday."
SpaceX's fourth successful test flight
On June 6th local time, SpaceX's Starship rocket system finally achieved success in its fourth test flight, pushing this heavy rocket to a new milestone.
At 8:50 am on the same day, the starship was launched from an interstellar base near Boca Chica, Texas. A few minutes after the launch, the rocket booster successfully made a soft landing in the Gulf of Mexico, marking SpaceX's first time retrieving the booster intact.
After circling the Earth half a circle, the rocket successfully re-entered the atmosphere and landed in the Indian Ocean, achieving a milestone victory. The entire flight process took about 90 minutes.
Previously, SpaceX conducted three complete starship rocket system launches in April, November, and March of this year. Each test flight made greater progress than the previous one, with the third flight being the farthest, but each result ended with the rocket being damaged before the end of the flight.
According to SpaceX's original plan, the first manned lunar landing mission will be conducted in 2024. However, SpaceX executives have repeatedly emphasized that hundreds of unmanned test flight missions are still needed before the rocket can achieve manned launch.
(The market image in the article is sourced from Wind)
