Source: Cailian
Financial Associated Press, October 21 (Editor Xia Junxiong) On Monday, Eastern Time, as the trade situation eased and Apple's stock price surged, the three major indexes all rose by more than 1%, returning to near historical highs.
(Intraday chart of the three major indexes, source: TradingView)
At the close, the Dow Jones index rose 1.12% to 46,706.58 points; the S & P 500 index rose 1.07% to 6,735.13 points; and the Nasdaq index rose 1.37% to 22,990.54 points.
Apple's share price surged 3.94%, hitting a new high since December last year, becoming the main driving force for the market that day. There have been reports that sales of the new iPhone have performed strongly this year.
Kevin Hassett, director of the U.S. National Economic Council, said on Monday that the 20-day federal government shutdown is "expected to end this week." He added that he believed "moderate Democrats" would reach a deal this week; if it failed to reach it this week, the White House was prepared to take stronger measures to force the government to restart.
Nearly one-fifth of S&P 500 companies will report earnings this week, including Netflix and Tesla. Investors hope that the earnings report will continue to be strong and offset the macroeconomic uncertainty.
According to the U.S. Bank of America statistics, of the S&P 500 index component companies that released results in the first week of the Q3 financial year, 58 have announced results, of which 76% exceeded market expectations, significantly above the first week average (68%), and slightly higher than the previous quarter's 73%.
Steel maker Cleveland-Cliffs’ shares rose by 21 percent as the company increased demand and announced it would explore rare-earth mineral production.
Popularity Expression
Large technology stocks generally rose, Nvidia fell 0.32%, Microsoft rose 0.63%, Apple rose 3.94%, Google rose 1.28%, Amazon rose 1.61%, Meta rose 2.13%, and Tesla rose 1.85%.
Popular Zhejiang stock collective rise, Nasdaq China Gold Range Index rose 2.39%, Alibaba rose 3.84%, Kyoto rose 2.09%, Zhejiang rose 2.40%, Zhejiang rose 4.59%, Zhejiang rose 1.23%, Ideal car rose 0.09%, Zhejiang rose 1.85%, Zhejiang rose 1.76%, Networks rose 3.13%, Tencent Music rose 1.70%, Zhejiang rose 1.76%.
company news
[Apple's share price hits record high, reports strong demand for iPhone 17]
Apple’s stock price reached a new record high on Monday, closing $262.24, up by 3.94%, reaching a total market value of $3.89 trillion.
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[Archer Aviation joins hands with Korean Air to promote air taxis to land in Korea]
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[Strategy spent $18.8 million last week to buy 168 bitcoins]
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(Xia Junxiong, Financial Associated Press)