Gold and silver suddenly rose in a straight line. Heavy US data was released. The chairman of the Federal Reserve stated: "Zero tolerance" for continued high inflation! Memory chips surge, IBM plummets 24%: U.S. stocks open
On July 14, the three major U.S. stock indexes opened with mixed gains and losses, with the Dow Jones Index falling 0.25%, the S&P 500 Index rising 0.13%, and the Nasdaq Composite Index rising 0.49%. As of press time, the Dow rose 0.01%, the Nasdaq rose 0.6%, and the S&P 500 rose 0.29%. 2944 stocks rose and 1947 stocks fell.
On July 14, the three major U.S. stock indexes opened with mixed gains and losses, with the Dow Jones Index falling 0.25%, the S&P 500 Index rising 0.13%, and the Nasdaq Composite Index rising 0.49%. As of press time, the Dow rose 0.01%, the Nasdaq rose 0.6%, and the S&P 500 rose 0.29%. 2944 stocks rose and 1947 stocks fell. As of press time, the Philadelphia Semiconductor Index rose by 3.19%. Semiconductor and memory chip stocks collectively rose sharply. SanDisk rose by 8%, SK Hynix's stock price rose by 11.29%, Micron Technology's stock price rose by 5.68%, Western Digital rose by 4.44%, and Seagate Technology rose by 3.92%. AMD rose more than 5.3%, Marvell Technology rose more than 4.9%, Intel rose more than 3.6%, ASML rose more than 3.1%, Qualcomm rose more than 1%, and TSMC rose nearly 1%. The "Seven Sisters of Technology" had mixed gains and losses. Nvidia, Tesla, and Google-C rose, while Facebook, Amazon, Microsoft, and Apple fell. IBM's stock price once fell by more than 25%, the largest one-day drop since 1987. The company's preliminary revenue in the second quarter fell short of expectations as customers reduced spending on software and infrastructure. The Nasdaq China Golden Dragon Index rose 0.52%. International oil prices rose collectively. WTI crude oil futures prices rose 3.2% to US$80.64/barrel; Brent crude oil futures prices rose 3.95% to US$86.59/barrel. Gold and silver prices jumped, with spot gold's intraday gains expanding to 2.09%, at $4,084.50 per ounce. Spot silver hit $59 per ounce, up 2.75% on the day. On the news, the U.S. Consumer Price Index (CPI) increased by 3.5% year-on-year in June, with an expected increase of 3.8%, and the previous value of an increase of 4.2%. The U.S. CPI fell by 0.4% month-on-month in June, and is expected to fall by 0.1%. The previous value was an increase of 0.5%. The core CPI in the United States increased by 2.6% year-on-year in June, compared with the forecast of 2.8%, and the previous value of 2.9%. The core CPI in the United States in June was unchanged from the previous month, with an expected increase of 0.2%. U.S. short-term interest rate futures jumped sharply after the release of U.S. inflation data for June, and traders sharply cut their bets on the Federal Reserve raising interest rates. Traders pushed back expectations for a rate hike by the Federal Reserve until October. Federal Reserve Chairman Warsh said the Fed has "zero tolerance" for continued high inflation. Warsh said that the U.S. economy is resilient and maintains steady growth. Consumption growth is moderate and the housing market continues to lag. The labor market is generally stable, with healthy nominal wage growth. The opportunities presented by artificial intelligence present challenges to policymakers. (