Early morning, deep V rebound! Federal Reserve, big news on rate cuts!

On Thursday, April 16 (local time), the three major U.S. stock indices all experienced a deep V rebound, with the Nasdaq and S&P 500 continuing to hit new highs.

Specifically, by the close of the day, the Dow rose 0.24% to 48,578.72 points, the S&P 500 increased 0.26% to 7,041.28 points; the Nasdaq gained 0.36% to 24,102.7 points, marking 12 consecutive days of gains; the S&P 500 and Nasdaq continued to reach new highs.

Large tech stocks showed mixed performance, with the Wind U.S. Tech 7 Giants Index remaining flat. Among individual stocks, Microsoft rose over 2%, Facebook increased 0.79%, Amazon gained 0.48%; Apple fell over 1%, Google A dropped 0.33%, Tesla declined 0.78%, Nvidia decreased 0.26%.

Bank stocks were mixed, with JPMorgan up over 1%, Goldman Sachs slightly higher, Citigroup down nearly 2%, Morgan Stanley down over 2%, Bank of America down more than 1%, Wells Fargo up over 1%.

Most energy stocks rose, ExxonMobil up nearly 2%, Chevron up over 1%, ConocoPhillips up over 2%, Schlumberger down over 1%, Western Oil up nearly 2%.

Airline stocks showed mixed results, Boeing fell over 2%, American Airlines up nearly 1%, Delta Airlines down nearly 3%, Southwest Airlines down over 2%, United Airlines up nearly 1%.

Most chip stocks rose, the Philadelphia Semiconductor Index increased 0.97%, hitting a new all-time high, with TSMC up over 7%, Intel up over 5%, Microchip Technology up over 3%, Qualcomm up over 1%.

Most Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 1.74%. Among individual stocks, NIO rose 7%, TAL Education up over 5%, New Oriental up over 5%, Luokung Technology up over 4%, Alibaba up over 4%, Atour Hotels up over 3%, Baidu Group up over 3%, Xpeng Motors up over 3%; Jinko Solar fell nearly 12%, Qifu Technology down over 2%, Tiger Securities down nearly 2%, Yum China down over 1%, Pony.ai down over 1%, Daqo New Energy down over 1%.

Main Street Alpha securities strategist Leo Nelissen commented that the market's performance indicates a stronger risk appetite, mainly thanks to the Iran situation not escalating further, and the market returning to the logic that drove the rally in January and February of this year, namely expectations of accelerated cyclical economic growth. This judgment continues to be validated by leading indicators such as transportation earnings reports and the Philadelphia Fed Manufacturing Survey.

According to CME "Fed Watch": the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, and the probability of holding rates steady is 99.5%. The probability of a cumulative rate cut of 25 basis points by June is 1.4%, with a 98% chance of no change, and a 0.5% chance of a cumulative rate hike of 25 basis points.

New York Fed President Williams stated that the current monetary policy stance is "well-positioned" to address the risks of sustained supply shocks that could be triggered by the Middle East war. Fed Governor Mester said he still believes the Fed should cut rates three to four times this year, seeing no reason to wait for rate cuts.

Early morning, deep V rebound! Big news on Fed rate cuts!

On Thursday, April 16 (local time), the three major U.S. stock indices experienced a collective deep V rebound, with the Nasdaq and S&P 500 continuing to hit new highs.

Specifically, by the close of the day, the Dow rose 0.24% to 48,578.72 points, the S&P 500 increased 0.26% to 7,041.28 points; the Nasdaq gained 0.36% to 24,102.7 points, marking 12 consecutive days of gains; the S&P 500 and Nasdaq continued to reach new highs.

Large tech stocks showed mixed performance, with the Wind U.S. Tech 7 Giants Index remaining flat. Among individual stocks, Microsoft rose over 2%, Facebook increased 0.79%, Amazon gained 0.48%; Apple fell over 1%, Google A dropped 0.33%, Tesla declined 0.78%, Nvidia decreased 0.26%.

Bank stocks were mixed, with JPMorgan up over 1%, Goldman Sachs slightly higher, Citigroup down nearly 2%, Morgan Stanley down over 2%, Bank of America down more than 1%, Wells Fargo up over 1%.

Most energy stocks rose, ExxonMobil up nearly 2%, Chevron up over 1%, ConocoPhillips up over 2%, Schlumberger down over 1%, Western Oil up nearly 2%.

Airline stocks showed mixed results, Boeing fell over 2%, American Airlines up nearly 1%, Delta Airlines down nearly 3%, Southwest Airlines down over 2%, United Airlines up nearly 1%.

Most chip stocks rose, the Philadelphia Semiconductor Index increased 0.97%, hitting a new all-time high, with TSMC up over 7%, Intel up over 5%, Microchip Technology up over 3%, Qualcomm up over 1%.

Most Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 1.74%. Among individual stocks, NIO rose 7%, TAL Education up over 5%, New Oriental up over 5%, Luokung Technology up over 4%, Alibaba up over 4%, Atour Hotels up over 3%, Baidu Group up over 3%, Xpeng Motors up over 3%; Jinko Solar fell nearly 12%, Qifu Technology down over 2%, Tiger Securities down nearly 2%, Yum China down over 1%, Pony.ai down over 1%, Daqo New Energy down over 1%.

Main Street Alpha securities strategist Leo Nelissen commented that the market's performance indicates a stronger risk appetite, mainly thanks to the Iran situation not escalating further, and the market returning to the logic that drove the rally in January and February of this year, namely expectations of accelerated cyclical economic growth. This judgment continues to be validated by leading indicators such as transportation earnings reports and the Philadelphia Fed Manufacturing Survey.

According to CME "Fed Watch": the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, and the probability of holding rates steady is 99.5%. The probability of a cumulative rate cut of 25 basis points by June is 1.4%, with a 98% chance of no change, and a 0.5% chance of a cumulative rate hike of 25 basis points.

New York Fed President Williams stated that the current monetary policy stance is "well-positioned" to address the risks of sustained supply shocks that could be triggered by the Middle East war. Fed Governor Mester said he still believes the Fed should cut rates three to four times this year, seeing no reason to wait for rate cuts.

In terms of data, last week the U.S. initial jobless claims were 207k, expected 215k, revised from 219k to 218k; four-week moving average was 209.75k, revised from 209.5k to 209.25k; continuing claims for the week ending April 4 were 207k, expected 1.81 million, revised from 215k to 219k.

U.S. industrial production in March decreased by 0.5% month-on-month, expected to rise 0.1%, revised from an increase of 0.2% to 0.7%; manufacturing output decreased by 0.1% month-on-month, expected to rise 0.1%, revised from an increase of 0.2% to 0.4%.