U.S. stocks closed higher across the board on Thursday, with the Dow rising more than 400 points, and the S&P 500 and Nasdaq 100 both posting their sixth straight session gains and hitting 13-month highs. The FOMC skipped a rate hike in June, but hinted that it would still raise rates twice this year. Investors are betting that the FOMC is nearing completion of the rate hike, and US retail sales in May exceeded expectations. By the close, the Dow was up 1.26%, the S&P 500 was up 1.22%, and the Nasdaq was up 1.20%.
Most of the star technology stocks of the Nasdaq 100 index closed higher, and AI star company Microsoft rose more than 3%, hitting a new closing high! Meta rose more than 2%, Apple rose 1.12%, and the total market value was $2.935 trillion, only 2.2% away from the 3 trillion mark!
Popular Chinese concept stocks rose collectively, with JD.com up 3.42% and Pinduoduo up 2.73%. Among other component stocks, Adobe, Booking, Zoom and others rose first.
In terms of popular ETFs, the Nasdaq 100 ETF (159660), which focuses on low fees, continued to rise by 0.93% today, with a turnover of more than 8 million yuan, hitting a new high since listing! Benefit Tips: NASDAQ 100 ETF management fee 0.5%/year, custody fee 0.15%/year, the lowest in the market!
Data source: Xueqiu, statistics as of 11:14 am on June 16, 2023
It is worth noting that the US stock NASDAQ market has performed well this year. As of June 15, the NASDAQ index rose 31.69% during the year, and the NASDAQ 100 index rose 38.81%, leading the world's major indexes!
This week's FOMC announcement that it will not raise interest rates for the time being, CPI nominal CPI continued to cool, both boosted risk sentiment in the growth sector, and technology stocks continued to support U.S. stocks higher. Market analysts pointed out that if there is an inflection point in the FOMC monetary policy in the later stage, market liquidity is expected to strengthen, and U.S. stocks are expected to usher in a strong rebound, and investors can pay attention to the current U.S. stock rebound opportunity and the medium and long-term sustainable allocation value.
CICC said that boosted by new trends in industries such as artificial intelligence and stimulated by cost reduction and efficiency increase, leading technology companies in the United States have stronger risk resilience. According to the Q1 performance reports released by US companies, most technology companies' earnings per share and corporate revenue exceeded market expectations, showing the resilience of the company's fundamentals and positively boosting market confidence.
Goldman Sachs pointed out that AI will drive the global economy by about $7 trillion over the next 10 years, and estimated that the total market size of AIGC software will reach $150 billion. Of all the tech stocks, Microsoft, Google, Amazon and Meta are the most likely to benefit, with these tech giants all in the top 10 weights of the Nasdaq 100.
Goldman Sachs calculates that the total net profit margin of large U.S. technology stocks averaged 20.2% in the past, while the profit margin of all S&P 500 companies was 10.9%, a difference of 9.3 percentage points. High margins mean stronger cash flow, helping the company invest further in long-term growth, while also returning cash to shareholders.
NASDAQ 100 ETF (159660) tracks the NASDAQ 100 index, under the wave of artificial intelligence, the world's AI field layout and accumulation of the most leading, deepest technology giants are still concentrated in NASDAQ, such as Microsoft, Google, NVIDIA, Meta, etc., these AI giants are without exception the top ten weighted stocks of the NASDAQ 100 index, the top ten weights of the NASDAQ 100 index account for nearly 59%, and the leading attributes are concentrated. The NASDAQ 100 ETF (159660) has a management fee of 0.5%/year and a custody fee of 0.15%/year, which is significantly lower than the mainstream fee structure in the market.
(Risk warning: The above index constituent stocks are only for display and do not represent any form of individual stock recommendation!) ）
[Starting from NASDAQ, better than NASDAQ!] 】
According to public information, the NASDAQ index contains 100 non-financial companies listed on the NASDAQ, and the NASDAQ market has successfully hatched a large number of technology giants since its birth, and is widely regarded as one of the most successful investment markets for cultivating innovative, technology-based and growth-oriented companies. As the flagship index of the Nasdaq market, the Nasdaq 100 Index has significantly outperformed the Nasdaq Index in its long-term gains. Since 1991, the Nasdaq 100 has returned 17.54% annualized for more than 30 years, significantly higher than the Nasdaq's 14.40%. (Source: Wind, as of June 14, 2023)
Source: Wind, statistical interval 1991.1.1-2023.6.14
Risk warning: The fund is risky and investment needs to be cautious. This material is for promotional purposes only and is not intended as any legal document. The past performance of the fund is not indicative of future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund. The fund manager manages and uses the fund property in accordance with the principles of due diligence, good faith, prudence and diligence, but does not guarantee that the investment in the fund will be profitable, nor does it guarantee the minimum return. Investors should carefully read legal documents such as the Fund Contract, Prospectus and Product Information Summary to learn more about the product information. The NASDAQ 100 ETF is a medium risk rating (R3) product and is suitable for investors with a balanced (C3) or above result after customer risk rating assessment. The underlying index is not fully representative of the entire stock market. The average return of the constituent stocks of the underlying index may deviate from the average return of the overall stock market. Investors are requested to pay attention to the risks of indexed investment and the holding risks of concentrated investment in the constituent stocks of the NASDAQ 100 Index, please pay attention to the risks of large equity weight and high concentration of some index constituents, the risks of indexed investment, the operational risks of ETFs, the unique risks of investing in specific varieties, and the risks of participating in the lending business of securities under the Facility Connect.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for the cloud.