ETNET NEWS AGENCY (October 15) - US stocks closed lower yesterday, with chip and artificial intelligence-related shares continuing to face pressure. US inflation in September rose more than expected, raising market concerns that the Federal Reserve might raise interest rates further. Additionally, investors have become more cautious about debt and financing risks among AI infrastructure firms, dragging down technology stocks. The Dow Jones Industrial Average closed down 48.62 points, or 0.09%, at 51,621.48; the S&P 500 fell 86.51 points, or 1.11%, to 7,718.94; the Nasdaq Composite dropped 511.51 points, or 1.88%, to 26,692.87. In Hong Kong, the Hang Seng Index closed at 24,062, down 251 points or 1%, with turnover of HK$224.2 billion.
Regarding major economic events around the world, at 6:00pm Hong Kong time, Bank of England Governor Bailey will deliver a speech. At 6:30pm, German Finance Minister Lindner and Development Minister will speak. At 10:00pm, Chicago Federal Reserve Bank President Goolsbee will participate in a podcast, with the interview content to be published on the Substack platform.
On the data front, at 5:00pm today, the Eurozone will release August industrial production, with the year-on-year rate expected to decline by 0.1% and the seasonally adjusted month-on-month rate expected to remain unchanged. At 8:30pm tonight, the US will release the September Producer Price Index (PPI), with the month-on-month increase expected to widen from 0.4% to 0.6% and the year-on-year increase expected to remain at 5.4%; the September retail sales month-on-month increase is expected to narrow from 1.1% to 0.3%; continuing claims for unemployment benefits are expected to decline from 1.716 million to 1.709 million; initial claims for unemployment benefits are expected to rise from 197,000 to 200,000; the October New York Federal Reserve Manufacturing Index is expected to rise from 7.6 to 12.
In the US, companies reporting earnings today include TSMC (US.TSM). (wa)
Regarding major economic events around the world, at 6:00pm Hong Kong time, Bank of England Governor Bailey will deliver a speech. At 6:30pm, German Finance Minister Lindner and Development Minister will speak. At 10:00pm, Chicago Federal Reserve Bank President Goolsbee will participate in a podcast, with the interview content to be published on the Substack platform.
On the data front, at 5:00pm today, the Eurozone will release August industrial production, with the year-on-year rate expected to decline by 0.1% and the seasonally adjusted month-on-month rate expected to remain unchanged. At 8:30pm tonight, the US will release the September Producer Price Index (PPI), with the month-on-month increase expected to widen from 0.4% to 0.6% and the year-on-year increase expected to remain at 5.4%; the September retail sales month-on-month increase is expected to narrow from 1.1% to 0.3%; continuing claims for unemployment benefits are expected to decline from 1.716 million to 1.709 million; initial claims for unemployment benefits are expected to rise from 197,000 to 200,000; the October New York Federal Reserve Manufacturing Index is expected to rise from 7.6 to 12.
In the US, companies reporting earnings today include TSMC (US.TSM). (wa)
