On Tuesday, local time, the latest U.S. April Markit manufacturing purchasing managers' index (PMI) was lower than expected and the previous value, at 49.9, falling below the boom and bust line, and the U.S. services and composite PMI in April also fell to a five-month and four-month low, respectively. The bad news of the real economy instead eased the market's concerns about the Fed's postponement of interest rate cuts, and U.S. Treasury yields fell, and the three major U.S. stock indexes collectively closed up on the day. At the close, the Dow rose 0.69%, the S&P 500 rose 1.20%, and the NASDAQ rose 1.59%. On Tuesday, U.S. chip stocks rose significantly overall, with Nvidia up 3.65% and Micron Technology up 3.06%.
On the 23rd, the international gold price fell
In terms of precious metals, the market risk aversion has further cooled, and the Federal Reserve officials have recently frequently released "hawkish" signals, making the market expect the Fed's first interest rate cut to be postponed to September, all of which put pressure on international gold prices, falling 0.18% on Tuesday to a new low in nearly 20 days. At the close, the New York Mercantile Exchange June gold futures closed at $2,342.1 an ounce, down 0.18%.
Tesla's revenue fell sharply in the first quarter
New model news disclosure The stock price rose sharply in the after-hours session of the US stock market on the 23rd
A number of U.S. tech giants released earnings reports this week. Tesla's financial report for the first quarter of fiscal year 2024 released after market hours on Tuesday showed that revenue fell 9% year-on-year, the largest decline in revenue in 12 years, net profit fell sharply by 55% year-on-year, and all key indicators of the financial report were lower than expected. At the same time, the company maintained its guidance for "significantly lower" production and deliveries. Despite the negative earnings report, in Tesla's earnings call, Musk made it clear that a more competitively priced cheap model, the Model 2, as previously reported, is planned to be launched in early 2025. Musk revealed that the new model will be manufactured from the existing production line, without the need for a new factory, and does not rule out the possibility of being put on the market earlier, in addition to the fact that he expects Tesla's humanoid robot products to be sold by the end of next year. After the news was announced, Tesla, which closed up 1.85% on Tuesday, saw its stock price rise 11.40% in the after-hours session.
On the 23rd, the three major European stock indexes collectively closed up
In Europe, the latest data on Tuesday showed that the euro area services PMI rose to 52.9 in April, higher than expected, and has been higher above the boom and bust line for two consecutive months. At the close, the UK stock market rose 0.26%, the French stock market rose 0.81%, and the German stock market rose 1.55%.
International oil prices rose on the 23rd
In terms of crude oil futures, the geopolitical tensions in the Middle East eased, the dollar index fell, and a number of PMI data in the euro area in April rebounded to nearly a year's high, making the market optimistic about the growth prospects of European oil demand, and international oil prices rose on Tuesday. At the close, light crude oil futures for June delivery on the New York Mercantile Exchange settled at $83.36 a barrel, up 1.78 percent, and London Brent crude futures for June delivery settled at $88.42 a barrel, up 1.63 percent.