Dow Jones futures fell slightly overnight, while S&P 500 futures and especially Nasdaq futures rose with Facebook parent Meta Platformlar (META) soaring on its earnings report. That followed a big day for the stock market rally as investors hailed Fed chief Jerome Powell’s comments.
X
Apple, Amazon and Google parent Alfabe (GOOGL) dokunun.
The major indexes rebounded Wednesday, turning higher after the much-anticipated Fed meeting and especially Fed chief Powell. The Federal Reserve raised rates by a quarter point and said it still sees “ongoing increases” ahead. Powell backed that up, but said it’s a “good thing” and “gratifying” that inflation is coming down even without labor markets weakening.
The market rally cleared more key levels Wednesday, while a large number of stocks broke out or flashed other buy signals, including China search-and-AI giant baidu (BIDU), chip-gear maker Lam Araştırma (LRCX), network-monitoring software maker dynaTrace (DT), Delta Air Lines (DAL) ve dahası.
Önemli Kazançlar
Meta Platforms earnings fell short, but revenue, sales guidance and Facebook users topped views. It also announced a $40 billion stock buyback. The Facebook and Instagram parent slashed its forecast for expenses, including capital spending. META stock spiked 20% after hours. Shares rose 2.8% to 153.12 in Wednesday’s session, retaking the 200-day line for the first time in more than a year and shrugging off weak revenue guidance from çıtçıt (SNAP).
Qorvo (QRVO) topped fiscal Q3 earnings. But, like many other chip stocks, Qorvo guided sharply lower for the current quarter. QRVO stock fell 3^ in extended trading. Shares of the 5G and Apple iPhone-chip maker popped 4.5% to 113.53 on Wednesday.
ELF Güzellik (ELF) crushed earnings views and comfortably beat on revenue. EPS doubled, with growth accelerating for a third straight quarter. Sales swelled 49%, picking up the pace for the fourth quarter in a row. The cosmetics maker also guided up. ELF stock spiked 16% to a record high in overnight action. Shares rose 1.8% to 58.58 on Wednesday, just below the Jan. 6 record high.
Early Thursday, drug giants Eli Lilly (LLY), Merck (MRK) Ve Bristol Myers Squibb'in fotoğrafı. (BMY) report. But big pharma, which fared well in 2022’s bear market, is lagging so far in a growth-led 2023 market rally. LLY stock, Merck and Bristol Myers are all below their 50-day moving averages.
Perşembe geç, Apple (AAPL), Amazon.com (AMZN) and Google report. All are rebounding in 2023, but below their 200-day line. GOOGL stock and Amazon rose nearly 4% overnight in sympathy with Meta.
Fed Rate Hikes ‘Ongoing’
As expected, the Fed raised rates by a quarter point Wednesday, lifting the fed funds rate to 4.5%-4.75%. That follows a half-point Fed rate hike in December and four straight 75-basis-point moves before that.
The Fed policy statement still stated that policymakers anticipate “ongoing increases” in the fed funds rate, a clear signal that Fed rate hikes aren’t finished.
Fed Chief Powell’s ‘Good Thing’
Fed chief Jerome Powell backed that up, saying there’s “more work to do,” later specifying that “we’re talking about a couple more rate increases.” He added that labor markets remain “extremely tight.”
However, Powell also said that the “disinflation process has started.” He noted that inflation is coming down even without job conditions easing substantially, saying that’s a “good thing” and “gratifying.” He also said that policymakers “have no incentive, desire to overtighten.”
That statement appeared to trigger an afternoon rally.
On Wednesday morning, the Labor Department reported that job openings popped to 11.01 million, well above views. On Friday, the January jobs report is on tap. But Powell’s comments suggest that markets need not be quite as fixed on labor data as they have been.
The market overwhelmingly expects another quarter-point Fed rate hike in late March, with the odds rising slightly Wednesday to 86%.
ÖZEL RAPOR: En İyi Çevrimiçi Brokerlar 2023
But despite Powell backing a “couple more” increases, investors still lean toward March’s Fed rate hike being the climax. That would leave the fed funds rate range at 4.75%-5%, below the Fed’s forecast for 5%-5.25%.
Meanwhile, the European Central Bank and Bank of England are both expected to hike rates by 50 basis points on Thursday morning.
Dow Jones Vadeli İşlemleri Bugün
Dow Jones futures dipped 0.3% vs. fair value. S&P 500 futures rose 0.15%. Nasdaq 100 futures popped 0.8%, with META stock leading the way, along with Google and AMZN stock.
Bir gecede eylemi hatırla Dow Vadeli İşlemleri ve başka bir yerde mutlaka bir sonraki düzenli işlemde gerçek ticarete dönüşmez Borsa oturum, toplantı, celse.
IBD Live'da borsadaki işlem yapılabilir hisse senetlerini analiz ederken IBD uzmanlarına katılın
Borsa Rallisi
The stock market rally was down modestly before the Fed news, but ramped up as Fed chief Powell spoke.
The Dow Jones Industrial Average rose a fraction in Wednesday’s borsa ticareti, but after being down more than 1% intraday before the Fed announcement. The S&P 500 index jumped just over 1%. The Nasdaq composite leapt 2%. The small-cap Russell 2000 gained 1.5%.
U.S. crude oil prices skidded 3.1% to $76.41 a barrel as domestic crude inventories rose for a sixth straight week. Natural gas prices plunged 8%, continuing an epic collapse. Copper futures declined 2.8%, with prices settling before the Fed rate hike announcement.
The 10-year Treasury yield skidded 13 basis points to 3.4%. The two-year Treasury yield, more closely tied to Fed policy, fell 10 basis points to 4.11%. That’s well below the current fed funds rate range.
The U.S. dollar fell to an eight-month low.
ETF’ler
Büyüme ETF'leri arasında Innovator IBD 50 ETF (elli) %1.5 yükseldi. iShares Genişletilmiş Teknoloji-Yazılım Sektörü ETF'si (IGV) %2.85 sıçradı. VanEck Vektörleri Yarı İletken ETF (SMH) soared 4.7%. Lam Research and AMAT stock are big SMH holdings, with QRVO stock also a component.
Daha spekülatif hikaye hisselerini yansıtan ARK Innovation ETF (ARKK) sprinted 4.4% and ARK Genomics ETF (ARKG)% 2.4 kazandı.
SPDR S&P Metaller ve Madencilik ETF'si (XME) 1.8% and the Global X U.S. Infrastructure Development ETF (PAVE) %1.5. ABD Küresel Jetleri ETF (JETLER) ascended 1%, with DAL stock a top component. SPDR S&P Homebuilders ETF (XHB) %2 arttı. Energy Select SPDR ETF (XLE) %2 düştü ve Financial Select SPDR ETF (XLF) was flat. The Health Care Select Sector SPDR Fund (XLV) %0.5 arttı.
Şimdi İzlenecek En İyi Beş Çin Hisse Senedi
Pazar Rallisi Analizi
The major indexes continued to build momentum, with big improvements after Fed chief Powell began speaking.
The Nasdaq appears to be decisively above its 200-day moving average and late 2022 highs. The Russell 2000 clearly has cleared that level.
The S&P 500 also looks to be leaving its 200-day line behind. The benchmark index also moved its December highs.
The Dow Jones, now the laggard index, tested its 200-day line before bouncing for a slim gain.
Keep in mind that the market often has a day-two reaction to Fed meetings.
Meanwhile, the rest of the week remains jam-packed with news. Huge earnings on Thursday night are due from Apple, Amazon, Google, Qualcomm (QCOM), Ford Motor (F) and more, with the January jobs report on Friday.
The S&P 500’s biggest daily winners and losers over the past couple of weeks are dominated by earnings movers.
DT stock, OI Camı (OI), Stryker (SYK) Ve atkore (ATKR) gapped out of bases on earnings Wednesday.
But there were a lot of good moves without earnings Wednesday, especially after the Fed chief Powell’s statements.
LRCX stock and fellow equipment giant Applied Materials (AMAT) broke out of bottoming bases, while DAL stock and JB Hunt Taşıma Hizmetleri (JBHT) Ve Performans Gıda Grubu (PFGC) cleared traditional buy points. BIDU stock also broke out.
Arista Ağları (BİR AĞ), Saf Depolama Alanı (PSTG) Ve Global Dökümhaneler (GFS) all cleared early entries Wednesday. However, Meta Platforms’ lowered capex plans could hit Arista and Pure Storage. ANET stock fell modestly after hours.
IBD'nin ETF Pazar Stratejisi ile Pazarı Zamanlayın
Şimdi ne yapmalı
The stock market rally continues to power higher, with the Nasdaq, Russell 2000 and leading stocks in the vanguard. The Fed meeting is out of the way, while there’s increasing clarity on the central bank’s endgame.
There is growing evidence that the current market rally will be a lasting uptrend.
So investors could have added new positions on Wednesday, taking advantage of a fresh crop of buying opportunities. It’s still wise to do so gradually, not buying extended or getting too concentrated. If this market rally has legs, steadily increasing exposure can quickly get you fully invested or beyond. If this market rally stumbles, even if only for a short time, you won’t get caught out. With Apple and Google earnings looming and the Nasdaq running up so quickly in 2023, a pullback would not be a surprise.
Before you buy stocks, you need to find them and study them. Have your watchlists prepped and your game plan ready.
Okumak Büyük Resim her gün piyasa yönü ve önde gelen hisse senetleri ve sektörler ile senkronize kalmak.
Lütfen Ed Carson'u Twitter'da takip edin @IBD borsa güncellemeleri ve daha fazlası için.
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Source: https://www.investors.com/market-trend/stock-market-today/fed-chief-powell-triggers-gratifying-market-rally-meta-stock-spikes-on-earnings/?src=A00220&yptr=yahoo