U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.
"Debt ceiling" causes trouble! The U.S. Treasury Department's borrowing expectations for Q2 increase threefold, excluding the impact, borrowing decreases instead of increasing.
The U.S. Treasury announced on Monday that the estimated net borrowing for the second quarter is 391 billion dollars higher than expected in February, due to Congress not yet raising the federal debt ceiling, and the initial cash reserves at the beginning of the second quarter being far lower than previously anticipated. The Treasury stated that if the cash balance at the beginning of the season is not taken into account, the estimated borrowing for the second quarter is actually 53 billion dollars lower than the forecast made in February. Some analysts believe this is because DOGE is indeed having an effect, improving the fiscal situation and reducing financing demand.
Big buyers are returning to the US stock market, and Goldman Sachs expects that about 65% of companies will enter the buyback open window by the end of this week.
After experiencing a month of buyback silence in the U.S. stock market, according to Goldman Sachs, U.S. companies have re-entered the buyback open window period, which will last until June 13.
BlackRock: Defensive Sectors Are the Way to Go Amid Shifting Trade Policy, Slower Growth
Major Indexes Are Lower as NVIDIA Falls Following Reports Indicating China's Huawei Technologies Has Developed an AI Chip to Challenge the Company. Ongoing Trade Uncertainty May Also Be Driving Continued Market Volatility.
This Is How Different Sectors, Styles, and Groups Have Recovered Since 'Liberation Day'