Slight declines on Wall Street; Super Micro Computer jumps by about 15%

Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

20:38

The slight declines on Wall Street continue. The Dow Jones is down 0.6%, the S&P 500 is down 0.5% and the Nasdaq is trading at a similar rate.

The chocolate maker Hershey Down about 2.5% after UBS downgraded their recommendation on the stock to “neutral”. UBS estimates that the company is expected to have a challenging year in 2025 due to rising cocoa prices.

Also a share American Express Down about 1% after JP Morgan downgraded the shares to “neutral” from “overweight”. The American bank estimates that the stock is trading at a high price and that it has limited upside potential.

19:15

Slight declines on Wall Street. The Dow Jones is down 0.5%, the S&P 500 is down 0.3% and the Nasdaq is off about 0.4%.

Chip shares are trading in a mixed trend. Nvidia jumps by about 3.4%, Micron increases by about 1%, AMD decreases by 0.8% andQualcomm decreases at a similar rate.

Super Micro Computer Jumping about 13%, after the chip company reported that it deployed more than 100,000 GPUs in the quarter and provided liquid cooling solutions to some of the largest artificial intelligence factories built. Today’s jump in the stock marks Super Micro’s biggest jump in seven months.

18:40

After a mixed trading day in Europe, the DAX closed down 0.1%, while the French CAC rose 0.2% and the British Potsey added 0.4% to its value.

16:50

The slight declines on Wall Street continue. The Dow Jones is down 0.4%, the S&P 500 is down by a similar rate and the Nasdaq is shedding about 0.5%.

dark Focuses interest and falls slightly after Jefferies lowered their recommendation from “buy” to “hold”, the bank wrote that near-term expectations for the iPhone 16 and 17 were too high in light of the initial demand that was weaker than expected, and that the AI ​​capabilities in question are not yet mature enough .

also Amazon Down about 3% after Wells Fargo downgraded their recommendation rating for the stock to “equal weight” from “overweight”, noting the slowdown in the company’s growth alongside the competition from Walmart.

16:34

The trading day on Wall Street opened with slight price drops. The Nasdaq is down 0.3%, the S&P 500 is off 0.4% and the Dow Jones is down a similar amount.

In the US debt market, government bond yields jump following the strong employment report published in the US last Friday. The 10-year yield is trading at a two-month high, around a level of 4%. The two-year yield also rises to the level of 4%.

15:17

Trade in Europe continues and is now running in a mixed trend. Dax is down 0.2% but the KAC index is up 0.2% and the Potsi is up 0.4%.

On Wall Street it seems that the week will start on the left foot. The futures on Wall Street now indicate a decrease of about 0.3% while an increase in US government bond yields was recorded.

stock dark Down in early trading after Jefferies downgraded their recommendation from “buy” to “hold”, the bank wrote that expectations for iPhone 17 sales were exaggerated and the AI ​​capabilities in question are not yet mature enough.

13:51

After starting with falling rates, trading in Europe is now in a mixed trend. Dax is down 0.4% but the KAC index is up 0.2% and the Potsi is up 0.1%.

Wall Street futures are now trading down about 0.3% in the leading indices.

Oil prices are rising even today and over 2%. American oil traded at $76.2 per barrel and Brent oil at $79.8 per barrel. And this follows the 9% increases last week in light of the tensions between Iran and Israel.

12:17

Macro in Europe: Retail sales in the Eurozone rose in August by 0.8% on an annual basis after falling by 0.1% in July, the result was slightly below the expectation of 1%. On a monthly basis, retail sales increased by 0.2% in August compared to 0% in the previous month and in line with expectations. The figure did not cause a significant movement in the euro exchange rate which falls slightly against the dollar, 1.097 dollars to the euro.

11:06

Trading in European stock markets is going on this morning with falling rates. Dax falls by 0.4%, Kac by 0.3% and Putsy by 0.1%.

Trading in Asia closed this morning trading with price increases led by the Japanese Nikkei Index which rose by 2.2%, the Hang Seng rose by 1.5% and the Kospi by 1%. In China, on the occasion of a holiday, there was no trading today.

09:07

Trading in Asia is ongoing this morning with price increases led by the Japanese Nikkei index which is up 2.2%, the Hang Seng is up 1.5% and the Kospi is up 1%. In China, on the occasion of a holiday, there is no trade today.

Wall Street futures are trading steady this morning.

Last Friday the Wall Street stock exchanges closed higher. The Nasdaq rose 1.2%, the Dow Jones 0.8%, and the S&P 500 0.9%. The gains helped erase losses in the shadow of growing geopolitical tensions in the Middle East. The S&P 500 rose 0.2% for the week and about 20% in 2024, adding more than $8 trillion to its total market value. The Dow rose 0.1% this week, as did the Nasdaq.

By the way, since 1945, when the S&P 500 rose 20% during the first nine months of the year, it posted a decline in October 70% of the years, according to data compiled by Bespoke Investment Research. The index rose by 21% this year through September.

OpenAi completed a $6.6 billion fundraising round late last week, at a valuation of $157 billion, making it one of the largest private companies in the world, alongside SpaceX and Bitdance. They participated in the issue Microsoft , Nvidia and the Japanese Softbank, dark did not participate.

Towards the beginning of the Wall Street report season, Bloomberg reports that analysts are lowering their expectations for the third quarter results. According to Bloomberg, companies in the S&P 500 are expected to report a 4.7% increase in quarterly earnings compared to the previous year, down from 7.9% on July 12. “Earnings season will be more important than usual this time around,” said Adam Parker, founder of Trivariate Research. “We need concrete data from corporations. In particular, investors want to see if companies are cutting back on spending, if demand has slowed, and if customers are behaving differently because of geopolitical risk and economic uncertainty,” Parker said.

As mentioned, the report season starts this week with the food giant PepsiCo which you will post on Tuesday. Pepsi is not just a beverage company, the company has 23 different brands, each of which has annual sales of over a billion dollars. Beyond soft drinks, Pepsi is a market leader in snacks with brands such as Lay’s (chips), Doritos, and Cheetos. The company also owns Quaker Oats, which has a significant market share in the breakfast cereal segment. Revenues in the coming quarter are expected to grow by only 1.5% compared to the corresponding quarter. The stock trades at a multiple of 20 on the expected profit this year. In the last 5 years the stock has produced a total return of 38% compared to the 50% return of Coca Cola .

the airline Delta Airlines andDomino’s Pizza They will publish their results on Thursday and on Friday they will also be joined by the major financial institutions JP Morgan andWells Fargo .

● HSBC evaluates: the stocks worth paying attention to after the interest rate cut

In the US debt market, government bond yields rose over the past week along the entire length of the curve, with the significant jump coming after the publication of the employment report in the US last Friday. The 10-year yield increased by 23 basis points to 3.98% and the two-year yield increased by 38 basis points to 3.84%.

Not surprising in view of the fact that the CDS risk premium rose to the highest level since the beginning of the war (197 basis points for 10 years), in the best it is also noted that “the spread of dollar bonds over the US has also increased, but it is still lower than at the beginning of August. We only need to point out that since August the spread of dollar bonds in various countries has decreased significantly.”

In the commodity market, oil prices jumped by about 9% in the last week in light of the tensions between Iran and Israel. The price of a barrel of the Brent type climbed by about 1% at the end of last week and stood at 78 dollars and the price of a barrel of the WTI type stood at 74.4 dollars.

In the USA, last Friday the US employment report was published in which the American economy surprised with a dramatic increase in the amount of jobs added in September – 245 thousand. This means that the American labor market radiates strength. In addition to this, the unemployment rate was also a pleasant surprise – 4.1%. Hourly wages rose at an annual rate of 4%, also above early forecasts.

The early forecast indicated that September’s employment picture would look very similar to that of August – a gradual slowdown in hiring compared to the beginning of the year, along with a moderate increase in wages. The market expected that 150 thousand jobs would be added to the American economy, compared to 142 thousand the previous month, with a stable unemployment rate of 4.2%. In terms of wages, the forecast was for a monthly increase of 0.3% and an increase of 3.8% compared to last year – with the annual rate being the same as in August.

In the coming week, the summaries of the Fed meeting and the consumer and producer price index in the US for the month of September will be published. At the same time, GDP data in Great Britain and the consumer price index in the Eurozone will be published.

At best, moderate and more gradual interest rate cuts are expected. “The forecast for the interest rate until the end of 2025 that is embodied in the contracts is now almost identical to the Fed forecast published in August. According to this forecast, the interest rate will decrease at each of the two remaining Fed meetings until the end of the year by 0.25% and by another 1% next year.”