* Dow rose more than 1,500 points in two days, S&P 500 index hit the largest two-day increase since April 2020
*The number of job vacancies in the United States in August reached 10.1 million
* Oil prices continued to rise, and the daily increase of US oil and Brent oil exceeded 3%
US stocks rebounded sharply for the second consecutive day on Tuesday, and the three major stock indexes finally closed higher across the board. The Dow Jones Industrial Average rose more than 1,500 points in two days, and the S&P 500 index hit its biggest two-day gain since April 2020.
At the same time, U.S. Treasury yields continued to fall sharply, with the 10-year Treasury yield falling to 3.635%.
As of the close, the Dow Jones Industrial Average rose 825.43 points to 30316.32 points, an increase of 2.80%; the Nasdaq rose 360.97 points to 11176.41 points, an increase of 3.34%; the S&P 500 rose 112.50 points to 3790.93 points, an increase of 3.06%.
Musk's acquisition of Twitter reversed
Twitter's share price closed up 22.24% on Tuesday, closing at $52 per share. Tesla CEO Musk proposed to continue to acquire Twitter at $54.20 per share. It is reported that the agreement may be reached as early as Friday.
On Tuesday, the energy sector performed well, up 9.1%, with Marathon Oil, Apache (APA Corp) and Devon Energy rising 6%, 5% and 5.7% respectively. The new energy vehicle sector rose, with Rivian rising 14%, Lucid rising 9.3%, Tesla rising 2.9%, and NIO rising 8.01%.
tourism sector rose on Tuesday, with Norwegian Cruise Line up 16.84%, Royal Caribbean (Royal Caribbean) up 16.65%, and Carnival up 13.28%.
Popular Chinese stocks most closed up on Tuesday, Nasdaq China Golden Dragon Index rose 5.44%, Jianpu Technology rose 15.63%, Zhihu rose 14.68%, iQiyi rose 9.15%, NetEase Youdao rose 6.36%, and Pinduoduo rose 6.10%.
UBS chief investment officer Mark Haefele said the S&P 500 has been oversold, which fell more than 9% in September, while the index's decline this year widened to nearly 25% as of last Friday's closing. Additionally, some of the selling pressure last week may have come from the end of the quarter, and it is now over. He believes that as stock market sentiment has become very weak, a cyclical rebound is expected. However, driven by inflation and policy interest rates, the market may remain volatile in the short term. The weakening of the US dollar in
html also boosted U.S. stocks higher on Tuesday. The dollar index fell for five consecutive days, falling back to 110, and the index once hit 114.78 last week.Micro Technology will invest up to $100 billion in the next 20 years to build a comprehensive facility for large-scale computer chip factories in upstate New York, USA. Micron Technology's stock price closed up 4.33% on Tuesday at $53.96 per share.
U.S. 8htmlnumber of job openings in January 10100,000
Economic data, according to the monthly Vacancies and Personnel Movement Survey (JOLTS) released by the U.S. Department of Labor on Tuesday, the number of job openings in the United States in August was 10.1 million, down 10% from July. At the same time, this is also the largest single-month decline since April 2020. In addition, the total number of recruitment and resignation remained at 6.3 million and 6 million respectively.
The daily increase of US oil and Brent oil exceeded 3%
In the commodity market, oil prices continued to rise on Tuesday, with WTI crude oil futures for delivery in November rising by US$2.89, or 3.5%, closing at US$86.52 per barrel, and Brent crude oil futures for delivery in December rising at US$2.94, or 3.3%, closing at US$91.80 per barrel.
continues to follow the decline in US dollar and Treasury yields, with gold rising more than 1% on Tuesday, hitting a three-week high. Gold futures for December delivery on the New York Mercantile Exchange closed up 1.7% to $1,730.50 per ounce.
