On Tuesday, Eastern Time, U.S. stocks opened high and closed high, and the three major indexes closed sharply higher. As of the close, the Nasdaq index, which is mainly technology stock , rose 3.34% to 11,176.41 points; the Dow Jones Index rose 2.80% to 30,316.32 points. S&P 500 rose 3.06% to 3,790.93 points. This week, the index has accumulated more than 5.7%, setting the largest two-day gain since March 2020.
UBS Chief Investment Officer Mark Haefele, said, "After the sharp drop in September, we believe that the S&P 500 has been oversold. Last week's selling trend may end." Haefele believes that due to inflation and monetary policy, stock markets may remain volatile in the short term.
Data shows that some traders bet that Federal Reserve will exit the interest rate hike cycle earlier than expected, causing the "anchor of global asset pricing " during the day - US bond yields fell with the US dollar.
Yesterday, Raymond James stock strategist Tavis McCourt mentioned that the market is very simple. If the 10-year US Treasury yield rises, the stock market may face pressure; but as long as the US Treasury yield falls, the stock market will rise.
However, Holly Newman Kroft, senior wealth consultant at Neuberger Berman, believes that the current market trend is no different from the summer bear market rebound. "People always like to catch good news, but as long as the Federal Reserve does not send a signal to stop interest rate hikes , we believe that the stock market has no substantial recovery."
Large technology stocks collectively rose, (arranged by market value) Apple rose 2.56%, Microsoft rose 3.38%, Google rose 3.13%, Amazon rose 4.50%, and Meta rose 1.20%. Twitter rose more than 22%, and Musk confirmed his plan to promote Twitter transactions at a price of $54.20 per share.
Leading the rise in technology stock list:
Popular Most Chinese stocks have risen, Kingsoft Cloud has risen by more than 21%, iQiyi, Bilibili has risen by more than 9%, Tencent Music has risen by more than 7%, Vipshop , Pinduoduo has risen by more than 6%, Alibaba , and NetEase have risen by more than 4%.
Other Chinese stocks, Monster Charging rose more than 18%, Ronglian Cloud Communication rose more than 17%, Zhihu , Huya rose more than 13%, Huju and Dada rose more than 10%, Douyu rose more than 9%, Dingdong Maicai rose nearly 9%, Weibo and Mingchuang Youpin rose more than 7%, Gaotu and Shengwang rose more than 6%, New Oriental rose more than 4%, Wuxin Technology rose 4%, Sohu , Tuya Smart, Baidu rose more than 3%; Daily Youxian fell 10%.
Leading the rise in Chinese stocks list:
Leading the fall in Chinese stocks list:
New energy vehicle stocks rose collectively, Tesla rose 2.90%, and Lucid rose 9.30%. Rivian rose 13.83%, and the production in the first three quarters announced yesterday was more than 14,300 vehicles. NIO rose 8.01%, Ideal rose 4.86%, and Xiaopeng rose 2.13%.
On Tuesday, Tesla, the U.S. stock trading champion, closed up 2.9%, with a turnover of US$27.19 billion.
Some media quoted insiders as saying that Musk wrote a letter to Twitter, proposing to acquire the social media giant at his original offer of $54.2 per share. The media believes that this move may end the most controversial acquisition case in recent years.
There are also media that all night this Monday, Musk's lawyers were communicating with Twitter's lawyers on the proposal, and secretly submitted a letter of proposal to the Delaware Court of Equity before Tuesday's established emergency hearing.
The above media pointed out that if Twitter accepts the proposal, the lawsuit between Twitter and Musk will not have to be tried. However, there is currently no guarantee that the two parties will reach an agreement, and the court may still hold a trial as planned.
After the modifications announced later were submitted to the regulatory party for confirmation that Musk intends to complete the acquisition of Twitter transaction according to the quotation of the April merger agreement.
More auto sector rises and falls and market value rankings
The three major European stock indexes rose across the board on the same day. As of the close, the London stock market in the UK, the average price index of 100 stocks closed at 7086.46 points on the 4th, up 177.70 points from the previous trading day, an increase of 2.57%.
stocks , on the same day, consumer stocks among the component stocks in the London stock market led the rise, with the top five stocks in the top five: the share price of the bookmaker Flutter Entertainment rose by 9.24%, the share price of the online retailer Okado Group rose by 8.87%, the share price of the asset management company intermediate capital group rose by 8.37%, the share price of the International United Airlines Group rose by 7.90%, and the share price of the financial services company Hargreaves Lancet rose by 7.33%.
The energy stocks led the decline on the same day, with the top five stocks in the declines: the share price of British natural gas supplier Centrek Group fell 0.92%, the share price of energy supplier SSE fell 0.83%, the share price of AVEVA Group fell 0.38%, the share price of real estate developer British Land Company fell 0.37%, and the share price of property investment company Segro fell 0.34%.
The other two major stock indexes in Europe, the Paris Stock Market CAC40 index of France closed at 6039.69 points, up 245.54 points from the previous trading day, up 4.24%; the DAX index of Germany's Frankfurt stock market closed at 12670.48 points, up 461.00 points from the previous trading day, up 3.78%.
Company news
[ EU will unify the charging interface of portable smart devices]
European Parliament passed a new regulation on October 4, requiring that from the end of 2024, all new portable smart devices such as mobile phones, tablets, etc. will use the charging interface of USB Type-Ch.
[Amazon confirmed: Recruitment for the company's retail business has been frozen]
Amazon confirmed on Tuesday that the company has instructed recruiters to close all retail business recruitment positions in the next few days and recommended that the personnel department cancel some recruitment activities.
[Creditsin Hong Kong private banking business further lost five executives]
Credit Suisse Group is in turmoil, and more employees have left their jobs in Hong Kong's private banking business in China recently. According to people familiar with the matter, Luke Chiu, managing director of Credit Suisse and head of China market, has resigned from the bank. According to people familiar with the matter, Nelson Hui, director and head of the China team, has also resigned, and two client relationship managers have also resigned.
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