U.s.
U.S. stocks closed higher across the board overnight, with the Dow up 0.04%, the Nasdaq up 0.49%, and the S&P 500 up 0.16%.
On the macro data front, the annualized total of new home sales in the United States in May was 619,000, the lowest since November 2023, with an expectation of 640,000.
This week, the market focused on Friday's personal consumption expenditures price index (PCE) for May.
For the future trend of U.S. stocks, investment banks have intensified the long-short debate: Goldman Sachs believes that the S&P 500 index will hit a new high in July; Schwab warned that the current trend of U.S. stocks is "strikingly similar" to that before the last crash; Morgan Stanley chief investment officer Mike Wilson believes that US stocks are likely to fall by 10%.
A shares
Today's big A is low and low, the "bear" wind is still the same, yesterday just rose for a day, today I can't wait to give you back again, cyclical stocks, consumer stocks fell significantly, AI applications have failed to continue yesterday's heat. Trading volumes continued to shrink, and the index fell sharply across the board.
At the close, the Shanghai Composite Index closed at 2945.85 points, down 0.90%; The Shenzhen Component Index closed at 8849.70 points, down 1.53%; The GEM index closed at 1703.20 points, down 1.59%.
Only more than 500 stocks rose in the two cities, and ninety percent of the stocks fell, and just came back yesterday a few steel hammers, put in the pocket and did not cover the heat, it was taken away again, together with a few poor gross tickets in the pocket were taken away. . .
The total turnover of the two cities was 626.3 billion yuan, a decrease of 17.1 billion yuan from the previous trading day, and the trading volume was still shrinking, but the index fell into this "bear" shape, indicating that the buying was exhausted.
Hong Kong stocks
After barely fluctuating for a few days, Hong Kong stocks started to fall again today. Energy, consumption, pharmaceuticals, and technology sectors were among the top decliners.
At the close, the Hang Seng Index fell 2.10% and the Hang Seng Tech Index fell 2.74%
Southbound funds are still gritting their teeth and continuing to buy, with a cumulative net inflow of 3.682 billion yuan throughout the day.
Sector performance
Today, only telecom operations, banks, and ships in the industry sector closed up; Consumer electronics as a whole rose and fell, the concept of fiscal and tax reform changed in the afternoon, and AI applications failed to continue yesterday's heat and divergence.
A number of traditional cyclical stocks such as nonferrous metals, chemicals, real estate, and automobiles fell sharply, and the large consumption sector continued to languish.
Reviews
Big A really failed to continue yesterday's rebound, although the mysterious force is still shooting in the intraday, it still can't save Big A. Buying dried up, and the index continued to fall until the sell-offs were reached.
The current situation is difficult to reverse in the short term, unless there are three situations: first, the decline is deep enough, which will attract some bottom-buying funds to enter the game; second, it has been blessed with large funds, and the market liquidity has been enhanced; Third, there is major good news, and the market activity has increased.
The key problem is that now the market is back to a state of serious lack of confidence, rather than a simple technical adjustment, it is everyone who has serious doubts about "here", just like the adjustment of Moutai, not that you can solve the problem in the short term, but the root cause of the matter has changed.
Therefore, to solve the current market problems, it is really not a matter of one or two years, so I still remind everyone again that "investment needs to be cautious, we must do what we can, and we must not blindly all in".
The sea of bitterness is boundless, turning back is the shore, Amitabha...
Splendid but the flowers of the world, slow cooking time a cup of tea.
Forget what day it started, and the world doesn't look like it used to be. I walked into the crowd, but I still missed those old days.
"When you read, you read, and your heart is not focused on seeing guests; When you see a guest, you see a guest, and your heart is not focused on reading. Things come to conform, and the future is not welcome; At that time, it was not mixed, and it was not in love. ”
"A thought is quiet, and lotus flowers bloom everywhere."
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