Source: Cailian
Financial Associated Press, September 30 (Editor Zhao Hao) On Monday (September 29), the three major U.S. stock indexes collectively rose.
As of the close, the Dow Jones index rose 0.15% to 46,316.07 points; The S&P 500 rose 0.26% to 6,661.21 points; The Nasdaq Composite Index rose 0.48% to 22,591.15 points.
Last week, the three major indices collectively weakened.The S&P 500 index recorded its worst single week performance on August 1, the Dow Jones index also recorded its weakest week since the beginning of August, and the Dow Jones index saw its first decline in three weeks.
Analysts believe that doubts surrounding artificial intelligence trading have put pressure on the broader market, and some traders doubt whether the artificial intelligence infrastructure cooperation plan between Nvidia and OpenAI can continue to drive the stock market up.
Venu Krishna, head of U.S. stock strategy at Barclays, said capital spending in the AI industry is still driving the market “without signs of slowing down.”
Krishna added that other industries will also continue to benefit from the wave of AI infrastructure spending, “Given the high share of the SIP technology segment, it should be in a favorable position over other indices.”
Earlier in the day, Trump tweeted on the social platform, “I will impose a 100% tariff on all films made outside the United States.
Emma Wall, chief investment strategist at Hargreaves Lansdown, wrote that investors should note that the impact of tariffs on inflation is not yet fully reflected in the data, and further tax increases could increase price pressure.
With the funding deadline approaching, all eyes are on a possible "shutdown" of the federal government. The day before Trump said he would discuss it with leaders of both parties in Congress and believed Democrats might want to reach a deal.
Historically, the federal shutdown has had little impact on the market, but market sentiment could be hit if delays in releasing key economic data cause the Fed’s interest rate outlook to be unclear.
Previously, the U.S. Bureau of Labor Statistics issued an emergency plan for government shutdown: once the funding is interrupted, the Bureau of Statistics will completely shut down and stop data collection, and all planned data (such as the monthly non-farm payrolls report) will not be released.
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Major technology stocks rose variably (in terms of market value rankings) Nvidia rose by 2.07%, Microsoft rose by 0.61%, Apple fell by 0.4%, Google C fell by 1.14%, Amazon rose by 1.09%, Meta fell by 0.05%, Boeing fell by 1.98%, Tesla rose by 0.64%.
The Philadelphia semiconductor index recorded a record high, but only increased by 0.16 percent, up 4.22 percent, there are reports that DRAM and NAND flash storage markets have a shortage of goods, and industry prices are expected to rise further in the fourth quarter and next year.
HeatTech rose 5.35 percent, and the western data rose 9.23 percent.Erik Woodring, the team at Morgan Stanley’s U.S. Technology Hardware Stock Research Director, significantly raised the target price for the two companies, noting that “recent demand has had a turning point.”
U.S. copper metal plates grew significantly, with Hudbay Minerals increasing by 7.42%, Ero Copper increasing by 7.14%, Taseko Mines increasing by 4.44%, McMahon copper increasing by 3.83%, and Southern copper increasing by 3.5%.
Game developer Electronic Arts (EA) rose 4.5%. The company announced that it had reached a final acquisition agreement with a consortium composed of Saudi Public Investment Fund (PIF), Silver Lake Capital and Affinity Partners, giving the company a valuation of $55 billion.
The share overall rose, and the Nasdaq China Zloty Index rose by 2.03%.
Most popular Chinese concept stocks closed up, Pony.ai rose 7.32%, Bilibili rose 4.75%, Alibaba rose 4.65%, New Oriental rose 4.38%, Li Auto rose 3.57%, JD.com rose 3.3%, Baidu rose 2.68%, Weilai rose 2.41%, Xiaopeng Motors rose 1.76%, TAL rose 0.63%, Pinduoduo rose 0.52%, and Tencent Music rose 0.42%.
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