Source: Cailian
On Friday (October 3), the three major indices of the U.S. stock market rose and fell unevenly, of which both the index and the index gained a new high.
As of the closing, the Dow Jones index increased by 0.51%, 46758.28 points; the SIP 500 index increased by 0.01%, 6715.79 points, both updated the closing record record recorded the previous day; the Nasdaq comprehensive index fell by 0.28%, 22780.51 points.
Of the 30 Dow components, 22 rose and 8 fell. UnitedHealth, Travelers Insurance, Caterpillar, Johnson & Johnson, Goldman Sachs and Visa rose more than 1%, pushing the Dow to outperform the other two indexes within the day.
Although the Nasdaq closed down on Friday, the index rose 1.32% this week, outperforming the Dow (+1.1%) and the S & P (+1.09%). The small-cap Russell 2000 Index rose 0.72% on Friday, also setting a new record, gaining 1.72% this week.
Despite the U.S. stock's overall strength this week, there were signs of weakening on Friday. Star tech stock Palantir fell by 7.47 percent, and NVIDIA also dropped high by 0.7 percent, analysts say some investors are preventing future potential declines in the form of a falling contract.
Not long before press time, the U.S. Senate once again vetoed the temporary appropriation bill proposed by the two parties, and the federal government will continue to "shut down". The September non-farm payrolls report could not be released premarket Friday as the Labor Department suspended almost all economic activity.
While this removes a factor that could weigh on stocks, it also reduces the economic data the Fed can refer to at its October meeting. CME Group's "Fed Watch" tool shows that the market expects a 25 basis point rate cut this month to be close to 95%.
Jennifer Timmerman, senior investment strategy analyst at the Bank of America’s Investment Research Institute, commented, “The prospect of further interest rate cuts, coupled with warning signals from previous employment data on the economy, has consolidated the rise in the stock market.”
The day before, Trump said in an interview that there could be job cuts and project cuts if the government continues to fall into a "stagnation."But he added that from another perspective, the Democratic Party has given him an "unprecedented opportunity" to cut federal agencies.
Brian Mulberry, senior customer portfolio manager at Zacks Investment Management, said: “The markets can tolerate government shutdowns for a few days. While it will bring chaos in the short term, this could be seen as a long-term benefit if the federal government succeeds in streamlining the various sectors.”
Popularity Expression
Major technology stocks rose variably (in terms of market value rankings) NVIDIA fell 0.7%, Microsoft rose 0.31%, Apple rose 0.35%, Google C rose 0.01%, Amazon fell 1.3%, Meta fell 2.27%, Boeing rose 0.06%, Tesla fell 1.42%.
The Philadelphia Semiconductor Index fell 0.64% and still rose 4.42% this week. Micron Technology closed up 2.28%, TSMC rose 1.42%; AMD fell 2.98% and Intel fell 1.26%.
The U.S. thermal coal sector was among the top gainers, with Peabody Energy closing up 9.18%; crypto mining companies overall strengthened, with Bitdeer Technologies up 10.28%, and Hut8 up 2.72%.
Most stocks related to solid-state batteries and lithium batteries rose. Plug Power rose 34.63%, American Lithium rose 31.78%, and QuantumScape rose 11.33%.
In terms of Chinese concept stocks, the Nasdaq China Golden Dragon Index fell 1.15% and rose 2.58% this week.
Most popular Chinese concept stocks closed lower. GDS fell 4.16%, Li Auto fell 3.99%, Xiaopeng Motors fell 3.11%, Weilai fell 2.41%, New Oriental fell 2.02%, JD.com fell 1.61%, TAL fell 0.8%, Pinduoduo fell 0.73%, Alibaba fell 0.69%, and Tencent Music fell 0.22%.
The percentage increased by 1.26%, and the wealth holding stock increased by 2.24%.
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