Last night, the three major U.S. stock indexes fell. With the expectation of interest rate cuts, U.S. stocks once soared, and it is normal to fall. The Russell 2000 index fell 1.9%, retreating from the rebound earlier this week. Due to the impact of TSMC's performance exceeding expectations, U.S. chip stocks rebounded slightly last night, and Nvidia rose more than 2%.
The United States announced the number of first-time unemployment claims on Thursday, the largest increase since early May, showing signs of a cooling job market and supporting expectations of a rate cut by the Federal Reserve.
According to people familiar with the matter, a group of heavyweight U.S. corporate executives will travel to Beijing next week, hoping to meet with Chinese officials to gain a deeper understanding of the situation in person. These executives come from companies with large businesses in China, such as Goldman Sachs, Starbucks, Honeywell, UnitedHealth, Nike and Qualcomm. The visit will be specifically coordinated by the U.S.-China Business Council.
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