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Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
US stock market early trading | The three major indexes have mixed gains and losses, semiconductor stocks have declined, and Nvidia has fallen more than 4%.
Most popular China concept stocks declined, with XKE surpassing 4% decrease, Netease falling over 2%, JD.com and PDD Holdings both dropping nearly 2%, and Bilibili rising against the trend with over 3% increase.
This week's hot US stocks | Welcome to Musk's "sky-high prosperity"! Dell Technologies and Super Micro Computer rose together.
This week, the Dow Jones Industrial Average rose 1.41% to 39,134.76, while the S&P 500 Index rose 0.77% to 5,473.17 over the same period. The Nasdaq Index also rose 0.18% to 17,721.59 over the same period.
US Stocks Gold Rush | AI concept continues to soar, many giants hit new highs! Broadcom rose for seven consecutive days, with a cumulative increase of 30%, while Taiwan Semiconductor and Micron Technology surged more than 70% this year.
Retail stocks have performed well, with Wingstop, a chicken wing dining brand, up over 62% this year. TD Cowen maintains a buy rating and raises the target price to $450. Dick's Sporting Goods rose over 4% overnight and is up over 55% this year. Sports betting platform DraftKings rose nearly 8% overnight and nearly 20% this month.
Futu Morning Post | Favored by top ETF issuers, over $10 billion may flow into Nvidia from Apple; Huang Renxun once again reduced his Nvidia stock holdings
Fed's Harker: Expects Fed to cut interest rates once in 2024; Gamestop's CEO emphasized the need to avoid speculation, causing a 12% drop in stock price.
US stocks close | S&P hits new highs, Tesla rises more than 5%, Qualcomm and Broadcom stock prices hit new highs.
Micron Technology and Taiwan Semiconductor hit a new closing high, while GameStop fell more than 12%; Bilibili rose more than 6%, while NIO Inc and Xpeng rose more than 2%.