ADDX Go Market Morning Wrap - 30th Jan

Stock Market

The S&P 500 closed down 28.39 points, or 0.47%, at 6039.31. The Dow Jones Industrial Average, which is closely related to the economic cycle, closed down 136.83 points, or 0.31%, at 44713.52. The Nasdaq, which is dominated by technology stocks, closed down 101.26 points, or 0.51%, at 19632.32. The Nasdaq 100 closed down 0.2%. The Nasdaq Technology Market Capitalization Weighted Index (NDXTMC), which measures the performance of the Nasdaq 100 technology industry components, closed down 0.6%. The Russell 2000 small-cap index, which is more sensitive to the economic cycle, closed down 0.25%.

The VIX index of fear rose nearly 1% to 16.55.

The Fed suspended rate cuts as expected, but the hawkish statement suppressed expectations of rate cuts. After the Fed's decision, the US stock market fell further to a daily low, with the Nasdaq falling more than 1% at one point. Powell's press conference was dovish, which narrowed the final decline of the US stock market, and the decline of US bonds and gold also narrowed

Key Events

1. $TSLA 's fourth-quarter revenue and profit fell short of expectations, its energy business was strong, vehicle deliveries in China hit a record high in the fourth quarter, and vehicle deliveries are expected to resume growth this year. The stock fell 5% after the market closed before turning higher.
2. $MSFT 's cloud revenue unexpectedly slowed last quarter, capital expenditures nearly doubled, and its AI business had annual revenue of more than $13 billion, an increase of 175%. It fell more than 6% after the market closed.
3. AI helped $META achieve record results in Q4, but Q1 guidance was disappointing. Meta is "burning money" to deal with DeepSeek, and this year's expenditure may increase by 60%. The stock price fell by more than 5% after the market, and then rose by more than 5% after turning positive.
4. $DJT Trump Media rose nearly 7%, and will join hands with Charles Schwab to enter the financial services field, including investment tools such as ETFs and cryptocurrencies. It opened up 13%
5. $COIN rose more than 3%, and former Federal Reserve No. 3 Dudley and Trump's campaign manager joined its global advisory committee
6. $SBUX rose more than 8%, and same-store sales fell for four consecutive quarters but were better than expected
7. $IBM 's stock price rose more than 9% after the market, with a strong sales outlook and increased orders for its AI business.
   

Forex

The US dollar index hovered around the 108 mark, rising and falling after the Fed's decision, and maintained gains throughout the day. The offshore RMB and Japanese yen rose overall

Key Events

1. The euro continued to fall to 1.04 against the US dollar, and the pound fell below 1.24 against the US dollar. At the end of the trading day, the decline narrowed and the pound turned positive. The Indian rupee continued to approach its historical low.
2. The minutes of the Bank of Japan's December meeting showed that voting members discussed (raising interest rates to) a neutral rate. Japan's finance minister said he would cooperate with U.S. Treasury Secretary Benson on foreign exchange and other issues.

Cryptocurrency

$BTC , the largest market leader, tested the $103,000 mark before the Fed's decision, then fell and lost $102,000 again after the Fed's decision, and then rose again and broke through $104,000 as the decline of US stocks narrowed.

Key Events

1. it was reported that the governor of the Czech Central Bank said that he was considering spending at least billions of euros in reserves in the field of encrypted digital currencies.
2. The Chicago Mercantile Exchange (CME) will launch options for "Bitcoin Friday Futures" on February 24, which will be the first time the group provides digital currency options trading services
   

Market Events and Most Anticipated Earnings Releases