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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.
Hong Kong stocks unusual | New Oriental-S (09901) rose more than 4% at the end of the day, the supply of the education and training industry is clearing while the demand remains strong. It is expected that the market share of top institutions will increas
New Oriental-S (09901) rose more than 4% during the closing session. As of the time of writing, it has increased by 4.52% to HKD 48.6, with a turnover of HKD 0.188 billion.
The Hang Seng Index fell for five consecutive days, with the "three oil stocks" continuing to be under pressure. Akeso Bio rallied.
Market concerns about the economic outlook of China and the usa, the Hang Seng Index fell below and breached the 250-day moving average today (9th) at around 17,257 points. Last Friday (6th), the USA announced an increase of 0.142 million non-farm positions in August, less than expected, with the unemployment rate dropping to 4.2%. The Dow and Nasdaq both fell by 1% and 2.6% respectively last Friday. At the time of writing, the yield on US 2-year bonds is at 3.71%, while the yield on US 10-year bonds is at 3.761%. The US Dollar Index rose to a level of 101.58, Dow Futures latest rose by 167 points or 0.4%, Nasdaq Futures latest rose by 0.7%. China announced that the CPI rose by 0 in August on an annual basis.
The Hang Seng Index fell 247 points, with property and commodity stocks leading the decline. Nio Inc. rose 13%.
Market concerns about the economic outlook of China and the usa, with the usa adding 0.142 million non-farm jobs in August, falling short of expectations, and China's CPI rising 0.6% year-on-year in August, lower than expected, while PPI fell 1.8% year-on-year, exceeding expectations. The Hang Seng Index (9th) fell. The Hang Seng Index opened low by 182 points and the decline expanded. In the afternoon, it fell by 376 points to 17,067 points, down 247 points or 1.4% for the whole day, closing at 17,196 points; the National Index fell by 102 points or 1.7%, closing at 6,002 points; the Hang Seng Tech Index fell by 51 points or 1.5%, closing at 3,436 points. The Hang Seng Index series quarterly review and weight adjustment take effect today, with the full-day market turnover.
US stocks close | On the "non-farm day", US stocks plummeted, with the Nasdaq down 2.55%, and NVIDIA down more than 4%; US bonds surged, with Brent oil hitting a nearly three-year low.
The poor non-farm payroll data in August may lead the Fed to support a significant interest rate cut. The S&P fell 1.7% for the week, dropping over 4%, while the Dow fell 1% for the week, dropping nearly 3%, and the Nasdaq fell 2.6% for the week, dropping 5.8%, entering a technical consolidation phase.
New Oriental To Go Ex-Dividend On September 9th, 2024 With 0.6 USD Special Dividend Per Share
September 5th (Eastern Time) - $New Oriental(EDU.US)$ is trading ex-dividend on September 9th, 2024.Shareholders of record on September 9th, 2024 will receive 0.6 USD special dividend per share on
Futu Morning News | Fed officials' dovish tone: Economic data support multiple rate cuts; Tesla's two-day cumulative increase of 9%! FSD is expected to be launched in China and Europe next year.
On the eve of the release of the key employment report in the USA, the ADP non-farm payrolls reached the lowest level since January 2021, while initial claims remain stable. Yellen: The labor market in the USA is still robust and continues to create employment opportunities. The Federal Reserve should not delay any longer! Economists at Morgan Stanley have changed their stance: there must be a major move in September.
US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.
NEW ORIENTAL-S To Go Ex-Dividend On September 6th, 2024 With 0.46766 HKD Special Dividend Per Share
September 5th (Beijing Time) - $NEW ORIENTAL-S(09901.HK)$ is trading ex-dividend on September 6th, 2024.Shareholders of record on September 9th, 2024 will receive 0.46766 HKD special dividend per
U.S. stock market closing: the three major indexes have mixed gains and losses, with nvidia falling 11% over the past two days.
①S&P and Nasdaq fell for two consecutive days, while the Dow rose by 0.09%; ②Most large technology stocks closed lower, with Amazon falling by 1.66%; ③Berkshire Hathaway Class B shares continued to reach new historical highs; ④United States Steel: Thousands of jobs are at risk if it is not acquired.
Express News | Executives of East Buy exit together with Hui.
US stocks closed: nvidia's market cap decreased by 2 trillion overnight, leading the Nasdaq to plunge 3% and becoming the weakest of the three major indices.
1. Nvidia's market cap evaporated by about 1.99 trillion yuan; 2. The PHLX Semiconductor Index fell by 7.7%, with all components going under; 3. Large technology stocks collectively declined, with Apple dropping by 2.72%; 4. Berkshire Hathaway's stock price continued to hit new historical highs.
Express News | Yu Minhong stepped down as the legal representative of New Oriental Wenhui and Wotaike International Education Travel Co., Ltd.
Express News | Zhou Hongyi: in the future, all AI products will be reshaped with large models.
Express News | Yu Minhong: By integrating the spirit of Huangpu into the entrepreneurial spirit, enterprises can overcome any challenge.