01/08/2024
Early trading news on January 6, 2024:
1. The three major U.S. stock indexes fell again on Friday, and the overall downward trend was still maintained. The Dow Jones index rose slightly by 25.77 points from the previous day, closing at 37466.11 points, an increase of 0.07%; the Nasdaq index rose from the previous day. 13.77 points, closing at 14524.07 points, an increase of 0.09%; the S&P 500 index rose 8.56 points from the previous day, closing at 4697.24 points, an increase of 0.18%; currently, the three major U.S. stock indexes are under pressure, with greater upward pressure . Still in a downward trend.
2. Microsoft (MSFT) may replace Apple (APPLE) as the new stock market capitalization king: In the new year, Apple’s (APPLE) stock price has continued to fall, reducing its market value by more than US$160 billion. Due to the relatively strong stock price of Microsoft (MSFT), Microsoft (MSFT) may replace Apple (APPLE) as the new stock market capitalization king in the future. We believe that both stocks have less room to rise, but the stock price is more likely to fall.3. Tesla (TSLA) announced bad news: Tesla (TSLA) has lowered the cruising range of three of its models, namely Model S, Model X and Model Y. The reduced ranges are all above 20 miles. The news is negative news for Tesla (TSLA) stock. Tesla (TSLA) stock price still has some room to fall.
4. Eli Lilly (LLY) begins to cool down: Due to the effectiveness of GLP-1 drugs in weight loss, government medical insurance and health insurance are facing huge financial pressure. The news could be bad news for Eli Lilly (LLY) stock. It may be under pressure in the short term. Pay attention to profit selling.
5. Apple (Apple) will face an antitrust lawsuit from the U.S. Department of Justice as soon as mid-year: The U.S. Department of Justice’s antitrust investigation against Apple (Apple) has come to an end, and the next step may be to sue Apple (Apple) soon. The news further suppressed Apple’s stock price. Investors are advised not to have any illusions about Apple's stock price.6. NVIDIA (NVDA) is recognized by Bank of America: The latest report from Bank of America shows that because NVIDIA (NVDA) has strong R&D and sales advantages in artificial intelligence chips, NVIDIA (NVDA) stock price rose last year It may continue until 2024, and there is still more than 40% room for growth in the future.
7. Boeing (BA) once again received bad news: On the afternoon of January 5, local time, an Alaska Airlines flight made an emergency landing shortly after taking off from Portland, Oregon. A window and part of the fuselage were missing. Subsequently, Alaska Airlines issued a statement: The company decided to temporarily ground 65 Boeing 737 MAX9 aircraft. This news may cause Boeing (BA) stock prices to fall further.Tip: In the next two to three years, we need to change our confidence in technology stocks. The risk of technology stocks falling in the future is greater, especially when competition from Tesla (TSLA) and Apple (Apple) is huge, and negative news continues to appear. technology stocks.
