Source: Cailian
October 24th news (editor 夏軍雄)On Thursday, driven by the strength of science and technology stocks, the three major indices collectively climbed, and the index rose 1%.
As of the closing, the Dow Jones index rose 0.31%, 46.734.61 points; the S&P 500 index rose 0.58%, 6.738.44 points; the Nasdaq index rose 0.89%, 22.941.80 points.
Thursday's rally in the S & P 500 fully recovered a loss of about 0.5% from the previous session, when the Dow fell 0.7% and the Nasdaq fell 0.9% as investors withdrew from risky assets.
"Don't underestimate this bull market because of short-term market volatility," said Giuseppe Sette, co-founder and president of Reflexivity. "Previously, only a handful of tech stocks led the gains, but next will see hundreds of global companies benefit from productivity gains brought by artificial intelligence."
Investors continue to pay attention to the earnings of major U.S. companies, many of whom believe that this will determine whether the current bull market situation will continue. According to FactsSet data, more than 80% of the company’s earnings outperformed expectations of the announced performance of the Top 500 component shares.
Emily Bowersock Hill, chief executive and founding partner of Bowersock Capital Partners, said: “While some shares were sold out after performance was less than expected, overall profitability will still be sufficient to support the stock price to remain high in the short term.
In addition to the earnings report, the upcoming inflation data on Friday is also highlighted, with investors hoping to get more clues about the economic health, especially ahead of the Fed’s meeting in late October.
Popularity Expression
Large technology stocks rose across the board, with Nvidia up 1.04%, Microsoft closed flat, Apple up 0.44%, Google up 0.55%, Amazon up 1.44%, Meta up 0.08%, Tesla up 2.28%, Broadcom up 1.17%, Oracle up 2.72%.
Popular in China, the Nasdaq China Gold Range Index rose 1.66%, Alibaba rose 3.64%, Kyoto rose 2.22%, Zhejiang rose 2.48%, Zhejiang rose 0.73%, Zhejiang rose 1.08%, Ideal car rose 1.69%, Zhejiang rose 0.84%, Zhejiang rose 2.95%, Networks rose 1.45%, Tencent Music rose 0.48%, Zhejiang earned a flat income.
company news
[OpenAI Acquires Former Apple Team AI Startup to Strengthen ChatGPT Desktop Interactivity]
On Thursday (October 23) local time, artificial intelligence (AI) research company OpenAI announced that it has acquired startup Software Applications.
According to an OpenAI spokesman, all 12 members of the Software Applications team will join OpenAI.The amount of the transaction has not been announced.Software Applications was founded in 2023 and was founded by a group of former Apple employees.
As part of the acquisition, OpenAI plans to integrate the startup's technology into the chatbot ChatGPT.
OpenAI said in the press release that Software Applications's Sky product allows Mac users to interact with them through natural language, to get help with writing, programming, planning and schedule management.
"Sky's deep integration with Mac systems has accelerated our vision of directly integrating AI into the tools people use every day," said Nick Turley, head of ChatGPT at OpenAI.
[Anthropic confirms multi-billion dollar partnership agreement with Google Cloud]
According to reports, Anthropic has confirmed a multi-billion-dollar cooperation agreement with Google Cloud. Anthropic will enjoy up to 1 million TPU chips with support for more than 1 GW of computing capacity. Anthropic will train and deploy the next generation of Claude models based on the Google Cloud platform.
[Intel: $0.23 per share profit after adjustment in the third quarter compared to the same period last year]
Intel $136,5 billion in revenue in the third quarter, an increase of 2.8% compared to the previous quarter; a adjusted marginal rate of 40% in the third quarter, a market forecast of 36.1%; a return per share of $0.23 in the third quarter, a loss per share of $0.46 in the same period last year. Intel expected revenue from $12.8 billion to $13.8 billion in the fourth quarter; an adjusted marginal rate of 36.5% in the fourth quarter; a return per share of $0.080 in the fourth quarter, and a market forecast of $0.10.
Intel recorded a 9% rise.
[Ford Automobiles: Reduce year-round adjusted pre-interest profits to $60-6.5 billion]
Ford Automobiles generated a total revenue of $50.5 billion in the third quarter, up 9.3 percent; net profit of $2.4 billion; post-adjustment earnings of $0.45 per share, market forecast of $0.36. Ford Automobiles will reduce the year-round post-adjustment revenue forecast to $60-6.5 billion, previously expected to be $65-7.5 billion. Ford Automobiles still forecast annual capital expenditure of about $9 billion, market forecast of $87.8 billion; Ford expects free cash flow of $2 billion to $3 billion after the year-round adjustment.
Ford's automobile discs fluctuated significantly, falling 5%, then rebounded, rising more than 5% at a time.