In the early morning of the 22nd Beijing time, US stocks closed higher on Wednesday, as the results of two large companies, Nike Inc and FedEx Corp, raised hopes that corporate earnings might be better than expected. The market is still assessing the outlook for Fed policy and the risk of recession in the United States.

The Dow closed up 526.74 points, or 1.60%, at 33376.48; the Nasdaq rose 162.26, or 1.54%, to 10709.37; and the S & P 500 rose 56.82, or 1.49%, to 3878.44.

Nike Inc shares closed up 12.17% after the company announced better-than-expected quarterly earnings and revenue. Driven by Nike Inc's performance, the retail sector of US stocks rose on Wednesday.

FedEx Corp's share price rose 3.41%. Although its revenue was lower than expected, earnings per share were higher than market expectations.

As 2022 draws to a close, all three major US stock indexes are likely to record their worst annual performance since the 2008 financial crisis and end three consecutive years of gains.

Jim Caron, chief fixed income strategist at Morgan Stanley, said on Wednesday that the market was not ready to respond to the measures the Fed is willing to take to contain the worst inflation in decades. Caron said that while Fed officials are now expected to raise interest rates to more than 5 per cent next year, traders' current actions do not fully reflect the path of future policy tightening.

The champion of US stock turnover on Wednesday$Tesla (TSLA.US)$It closed down 0.17% on a turnover of US $20.12 billion.Tesla, Inc. will suspend recruitment and carry out a new round of layoffs. Musk said he would resign from Twitter CEO after finding a successor. Twitter is expected to generate about $3 billion in revenue next year and has about $1 billion in cash on its balance sheet, he said. This revenue is about $2 billion less than in 2021, mainly due to the flight of advertisers. But Twitter's spending will reach about $5 billion. He thinks Twitter will get better next year, and the company will roughly break even with cash flow next year.

Second place$Apple (AAPL.US)$The company closed 2.38% higher, with a turnover of $11.62 billion.Famous analyst Guo Mingyi said on social media on the 21st: "the latest survey shows that Apple may cancel or postpone the planned mass production of iPhone SE 4 in 2024. I think this is because low-and medium-end iPhone shipments continue to be significantly lower than expected (such as SE 3, 13 mini, 14 Plus), and the conversion of SE 4 to full-screen design is bound to lead to an increase in cost / price, so Apple may need to re-examine the product positioning and ROI of iPhone SE 4. "

No. 3 artificial heart company$Abiomed (ABMD.US)$It closed 0.06% higher, and the deal was 7.85 billion US dollars.In early November, Johnson & Johnson announced that it would acquire Abiomede, which has been unanimously approved by the boards of directors of the two companies and is expected to be completed by the end of the first quarter of 2023.

Johnson & Johnson hopes to fund the deal through a combination of cash on hand and short-term financing. Upon completion of the transaction, Abbiomede will operate as an independent business of Johnson & Johnson Medical Technology and become one of the 12 priority platforms.

No. 4$Microsoft (MSFT.US)$It closed up 1.09%, with a transaction of 5.78 billion US dollars.According to media reports, Microsoft Corp will continue his acquisition business in 2023 and add Netflix to the acquisition "wish list".

It is reported that Microsoft Corp's current CEO Nadella is actively expanding the company's business and will continue to make acquisitions in 2023. Since Nadella became Microsoft Corp's CEO in 2014, the company has been making large acquisitions, from Minecraft to LinkedIn to Activision Blizzard.

It is reported that the two companies have established close cooperation in many areas. Netflix chose Microsoft Corp as its advertising partner to launch a new advertising support subscription service. In addition, Microsoft Corp President Brad Smith is also a member of the Netflix board of directors.

Rumors are involved.$Netflix (NFLX.US)$The company closed up 3.39% with a turnover of $1.89 billion, ranking 12th in Wednesday's u.s. stock turnover.

No. 5$NVIDIA (NVDA.US)$It closed 2.59% higher, with a turnover of $5.35 billion.NVIDIA Corp will face competition from Intel Corp's graphics chip department. Intel Corp reportedly spun off its graphics chip division to speed up its efforts to grab sales from NVIDIA Corp and AMD. Raja Koduri, who is in charge of accelerated computing systems and graphics, will return to his previous position as chief architect of Intel Corp, the company said in a statement earlier Wednesday.

Koduri has worked for Apple Inc and AMD, overseeing Intel Corp's long-term technical projects, such as developing advanced memory and integrating different types of chips to achieve higher-performance computing.

No. 6$Amazon (AMZN.US)$It closed 1.85% higher, with a turnover of $5.12 billion.Amazon.Com Inc agreed on Tuesday to reach a settlement with EU regulators to make major changes to his business practices and avoid tens of billions of dollars in fines. It is understood that the agreement will require Amazon.Com Inc to allow competitors equal access to space on its website; in addition, the company will also be banned from using "non-public data" related to independent merchants.

No. 7$Steel Dynamics (STLD.US)$It closed 1.57% higher, with a turnover of $4.09 billion.The company recently said its steel business's fourth-quarter profit would be "significantly" lower than the previous quarter due to a drop in seasonal shipments.

No. 8$Nike (NKE.US)$It closed 12.18% higher, with a turnover of $3.83 billion.Nike Inc's revenue and profits in the second quarter exceeded expectations. After Nike Inc announced the results, a number of large investment banks raised their target prices and ratings on the stock.

UBS raised its target price for Nike Inc to $146from $141. Deutsche Bank raised its target price to $133 from $126, maintaining its buy rating. Barclays raised its target price to $109 from $83, maintaining its wait-and-see rating. BofA Securities raised its target price to $120 from $112, maintaining a neutral rating.

No. 9$Advanced Micro Devices (AMD.US)$It closed 4.04% higher, with a transaction of US $2.96 billion.

No. 10$Meta Platforms (META.US)$It closed 2.28% higher, with a turnover of $2.43 billion.

No. 14$Boeing (BA.US)$The company closed up 4.09%, with a turnover of $1.78 billion.Boeing Co won congressional support earlier on Tuesday by delaying the implementation of new safety standards for modern cockpit alerts for two of its best-selling new models, the 737 MAX, extending the upcoming deadline.

The company has been lobbying hard for months to persuade lawmakers to abandon the December 27 deadline affecting its MAX 7 and MAX 10 aircraft, which was imposed by the US Congress in 2020 after two deadly 737 MAX crashes in Indonesia and Ethiopia.

Under current US federal law, Boeing Co will be required to install a modern cockpit alarm system to help pilots deal with emergencies. The company has said it may cancel two 737 models, the shorter MAX 7 and the longer MAX 10, if it does not postpone the deadline.

15th place$Alibaba (BABA.US)$It closed 2.2% higher, with a deal of $1.59 billion.

16th place$Moderna (MRNA.US)$It closed 4.41% higher, with a turnover of $1.57 billion.

No. 20$FedEx (FDX.US)$It closed 3.43% higher, with a turnover of $1.35 billion.FedEx Corp's second-quarter profit exceeded analysts' expectations, with higher prices and cost cuts helping to make up for the decline in parcels. Sales for the quarter ended Nov. 30 were $22.8 billion, below expectations of $23.7 billion. Earnings per share, excluding certain items, were $3.18, compared with analysts' forecasts of $2.80 a share, the company said in a statement. CEO FedEx Corp said that the company has made rapid progress in its continuously promoted transformation in an environment of weak demand, and its profit in the second quarter exceeded expectations, which is the result of the company's active and accelerated implementation of cost reduction.

The following are the 20 most actively traded stocks of the day (by turnover):