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on Friday, us time, the main stock indexes of US stocks closed sharply higher, and the NASDAQ index dominated by technology stocks rose more than 3%, because investors reassessed the expected path of the Federal Reserve's interest rate hike. This week, the three major US stock indexes rose, ending three consecutive weeks of decline p>
the Dow Jones index closed at 31500.68 points, up 823.32 points, or 2.68%, the largest one-day percentage increase since May 4 this year; The S & P 500 index closed at 3911.74, up 3.06%, the largest one-day percentage increase since may18,2020; The NASDAQ index closed at 11607.62, up 3.34%, the largest one-day percentage increase since May 13 this year p>
large tech stocks generally rose, with meta up more than 7%, Google and Netflix up more than 5%, Amazon and Microsoft up more than 3%, and apple up 2% p>
leading chip stocks generally rose, ASMA rose more than 6%, NVIDIA and AMD rose more than 5% p>
electric vehicle stocks generally rose, Tesla rose 4.48%, rivian rose 0.10% and Faraday rose 2.06% in the future; Weilai rose 4.47%, Xiaopeng rose 7.04%, and the ideal rose 3.95% p>
zhonggai e-commerce stocks generally rose, with Alibaba rising 4.91%, JD rising 3.41% and pinduoduo rising 2.69% p>
other popular Chinese concept stocks generally rose, including boss direct employment up 9.54%, shell up 7.67%, Zhihu up 4.06%, baidu up 3.57%, Betta up 3.39%, man bang up 1.33% and BiliBili down 0.14% p>
specifically, the performance of major technology stocks in U.S. stocks is as follows:
the performance of major chip stocks in U.S. stocks is as follows:
the performance of major Chinese stocks listed in the United States is as follows:
David grecsek, managing director of investment strategy and Research Department of aspiriant investment company, said in a telephone interview on Friday that the U.S. economic growth has shown signs of slowing down recently, Now the market seems to interpret it as a reason why the Federal Reserve may adopt a "looser policy" in its fight against inflation. He said that their idea seems to be that as the economy slows down, the Federal Reserve may need to cut the rate increase when fighting inflation, so maybe "we can really avoid recession" p>
according to the "fedwatch" tool of the Chicago Mercantile Exchange Group (CME), investors expect the federal funds rate to reach a peak of 3.25% - 3.50% in December this year, down from 3.50% - 3.75% a week ago. In addition, investors now expect the Federal Reserve to cut interest rates today, about a year later p>
at the same time, the final value of the consumer confidence index released by the University of Michigan in the United States shows that the inflation expectation for the next 5 to 10 years has been lowered to 3.1% from the previous 3.3% p>
Edward Moya, senior market analyst of OANDA Americas, an investment bank, said in a report on Friday: "the hope that inflation has peaked and the economy is still on a solid foundation has made some investors buy stocks that have fallen sharply with confidence." (Liuchun)