Home World News The four major US stock indexes opened lower and were volatile; China gives conditional approval to Broadcom’s acquisition of VMware

The four major US stock indexes opened lower and were volatile; China gives conditional approval to Broadcom’s acquisition of VMware

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The four major US stock indexes opened lower and were volatile;  China gives conditional approval to Broadcom’s acquisition of VMware

chip manufacturerHuida(Nvidia)US stocksThe financial report will be released after market close on the 21st, and the Federal Reserve (Fed) will also release the minutes of the meeting at 2 pm EST. Investors have become cautious, and some have questioned the continued strength of this wave of gains. US stocks fell in early trading.

In early trading on the 21st, the Dow Jones Industrial Average fell 0.2%.stamp 500The index fell 0.2%, the Nasdaq fell 0.5%, the Philadelphia Semiconductor Index fell 1%, and TSMC ADRs fell 0.5%.

The technology stocks that powered the S&P 500 are facing a big test in the US stock market. Huida will announce its third quarter financial results after market close. It is expected to once again provide a strong revenue outlook, but the focus of the outside world is the impact of the chip loss on the expansion of the United States’ high-tech sanctions. HUIDA set a new all-time high on the 20th and fell 0.6% in early trading on the 21st.

Chinese regulatory authorities on the 21st conditionally approved Broadcom’s acquisition of software maker VMware. The case ultimately passed all regulatory reviews. However, due to a number of conditions, Broadcom’s stock price fell more than 1% in early trading, and VMWare also fell more than 4%.

Bloomberg News reported that the conditions in China are mostly related to how the company will sell its products in the Chinese market. Reuters reported that China stipulates that VMWare’s server software must be able to be used with local Chinese hardware, and that after the transaction is completed, customers cannot be restricted from purchasing and using Broadcom’s hardware. Is. Broadcom said it plans to complete the transaction on the 22nd.

The market now estimates that there is a 30% chance that the Fed will cut interest rates at its meeting in March next year. The minutes of the Fed’s last meeting are about to be released, which will provide further clues about policymakers’ thinking. “We don’t expect any major new news, but the minutes may not be as disappointing as the market is currently estimating,” said Jefferies International’s Kumar. “Need to be on hold for a long time.”

The market’s expectation that the Fed will backhandedly cut interest rates caused the S&P 500 index to close at a new high since August on the 20th, and the Nasdaq 100 index also reached a 22-month high. But Goldman Sachs strategists said concerns about economic growth and inflation posed a risk of disappointment in the near term.

Many retail stocks reported poor earnings. Electronics retailer Best Buy reported lower-than-expected revenue and lowered its full-year outlook, sending its stock price lower. Apparel company American Express declined 17%, mainly due to a weaker-than-expected full-year profit outlook.

Finance(tagstotranslate)HUIDA(T)S&P 500(T)US Stocks