The Dow Jones opened up 0.08%, the Nasdaq fell 0.1%, and the S&P 500 rose 0.05%. Among major tech stocks, Amazon rose 0.8%, Intel fell 1.98%, and Super Micro Computer declined 0.87%. The Nasdaq Golden Dragon China Index rose 0.34%, XPeng increased 2.29%, and iQIYI gained 1.73%.

Deutsche Bank and Nomura interpret Waller's speech: Hawkish shift becomes clear, Fed's September rate hike window opens

Larry Holzenthaler, Senior Portfolio Manager at Catalyst Funds, stated that Waller's speech on Friday "successfully rebuilt market confidence." He gave the impression that the Federal Reserve is very focused on inflation and is committed to bringing it back to the 2% target. The market's reaction seemed entirely in line with the Fed's expectations: after Waller's speech, short-term interest rates rose while long-term rates declined slightly. Investors should clearly expect that the Fed will rai

Japan’s Ministry of Economy, Trade and Industry Applies for 7.8 Trillion Yen Budget to Accelerate Semiconductor and AI Strategic Investment

Hawkish comments from Federal Reserve Chair Waller fuel rate hike expectations, keeping the US dollar at a two-week high