US stocks closed | S&P and Dow set new intraday highs, Chinese concept stocks performed well, li auto inc rose more than 12%.
In the late trading session, the US stock market saw a significant decline, but the S&P 500 index rose for the seventh consecutive day, and the Nasdaq and semiconductor index erased gains of more than 1%, with Intel rising 8% and closing up 2.7%, while Nvidia declined 1%. The Chinese concept index rose nearly 2%, and Li Auto Inc. rose more than 12%.
"Dah Sing": UBS Group: Chinese network technology stocks prefer Meituan, followed by Alibaba, Ctrip, Tencent, and New Oriental.
UBS released a report on Chinese internet stocks, and investors have five common questions after the release of the second quarter performance of related companies. The first is the sustainability of profit margin improvement. The second is the impact of cautious remarks from PDD Holdings on the industry (preliminary investigations show that PDD Holdings' recent support measures for merchants should have limited financial impact on PDD Holdings and the entire e-commerce industry). The third is the positioning of Alibaba-W (09988.HK) after being included in the Hong Kong Stock Connect (the bank believes that strong inflows of funds, contributed by buybacks and Hong Kong Stock Connect, provide support, accounting for 25% to 40% of Alibaba's average daily trading volume). The fourth is...
New Oriental Education & Technology Group Inc. (NYSE:EDU) Is a Favorite Amongst Institutional Investors Who Own 67%
Deutsche Bank lowers the target price of New Oriental (EDU.US) to $75, with attractive risk-return after price pullback.
Deutsche Bank lowers the target price of New Oriental (EDU.US) to $75, with attractive risk-return after price pullback.
US stocks closing | NASDAQ, S&P joined hands for four consecutive positives, US stocks' seven giants all rose, with Meta up nearly 3% and Nvidia up nearly 2%.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.