Tesla, Inc., the champion of US stock turnover, closed 1.73% higher on Monday, with a turnover of US $23.7 billion. In second place, Microsoft Corp closed down 2.58%, with a turnover of US $11.82 billion. In third place, Apple Inc Company closed 1.55% higher, with a transaction of US $11.54 billion.
In the early morning of the 21st, Beijing time, US stocks closed higher on Monday. Investors are hopeful of easing the banking crisis after the Swiss government orchestrated UBS's compulsory takeover of Credit Suisse. In the context of the banking crisis, the market is concerned about the prospects of the Federal Reserve and its monetary policy.
The Dow rose 382.60 points, or 1.20%, to 32244.58; the Nasdaq rose 45.02, or 0.39%, to 11675.54; and the S & P 500 rose 34.93, or 0.89%, to 3951.57.
Bank shares were mixed, with first Republic Bank closing down more than 47%. JPMorgan Chase & Co and Morgan Stanley closed higher, while Bank of America, Citigroup, Wells Fargo & Co and Charles Schwab Corp closed lower.
The champion of US stock turnover on Monday$Tesla (TSLA.US)$It closed 1.73% higher, with a transaction of $23.7 billion.Sales of electric cars made in North America rose sharply in the first month after the US inflation reduction Act (IRA) came into effect, according to sales figures compiled by industry bodies. Among them, the top eight electric cars sold in January were all made in North America. Tesla, Inc. said in late February that although it had begun assembling batteries in Germany, it would concentrate battery production in the US because of the incentives offered through IRA.
It is also reported that Tesla, Inc. has promoted the software update of 2022.45.11 in North America. This version mainly fixes the recall issue, and FSD Beta is updated to v11.3.2. This push has a wider range of users than previous versions.
Second place$Microsoft (MSFT.US)$It closed down 2.58% on a turnover of $11.82 billion.Analysts said Microsoft Corp's lower share price on Monday may have been caused by a pullback in technology stocks. Technology stocks rose last week on hopes that interest rate hikes would slow and financial stocks would rotate.
It is reported that Microsoft Corp plans to launch a mobile game store to compete with Apple Inc and Alphabet Inc-CL C. According to the report, the head of Microsoft Corp's Xbox business said that if regulators approve his $75 billion acquisition of Activision Blizzard, Microsoft Corp is preparing to launch a new game application store on iPhone and Android smartphones as early as next year.
In addition, Nuance Communications, Microsoft Corp's speech recognition subsidiary, released an AI clinical note-taking software called Dragon Ambient eXperience (DAX) Express on Monday, which is mainly aimed at health care workers.
Third place$Apple (AAPL.US)$The company closed 1.55% higher, with a turnover of $11.54 billion.Apple Inc's first HomePod speaker project with a screen has been postponed until next year or later, as part of a series of measures taken by the company to reduce costs and improve efficiency, according to people familiar with the matter. After delaying the release of the HomePod, Apple Inc can allocate his R & D budget to more urgent projects, such as hybrid reality headsets.
No. 4$NVIDIA (NVDA.US)$The company closed up 0.68%, with a turnover of $11.11 billion.NVIDIA Corp is scheduled to launch the annual GTC event on March 20 and give a detailed description of his artificial intelligence market plan. Huang Renxun, CEO of the company, said that for AI, this is an iPhone moment for the industry.
What's more important about AI, he says, is that now everyone doesn't need to use a professional programming language, but can write programs directly in the language we communicate every day, making it much easier to write programs for the first time.
No. 5$Advanced Micro Devices (AMD.US)$It closed down 1.05% to a turnover of US $8.74 billion.AMD shares fell on Monday, possibly due to a pullback in technology stocks, analysts said. Technology stocks rose last week on hopes that interest rate hikes would slow and financial stocks would rotate.
No. 6$Amazon (AMZN.US)$It closed down 1.25% on a turnover of $6.05 billion.Amazon.Com Inc announced on Monday that another 9000 jobs would be cut. In January, Amazon.Com Inc announced that he would cut more than 18000 jobs, making it the largest layoff in US science and technology history.
No. 9$Exxon Mobil (XOM.US)$It closed 2.61% higher, with a turnover of $3.26 billion.It is said that Exxon Mobil Corp will deploy Honeywell International Inc's carbon dioxide fractionation and hydrogen purification system at his integrated co-production plant in Beaton, Texas.
The system, one of Honeywell International Inc's carbon capture technologies, is expected to help Exxon Mobil Corp capture about 7 million tons of carbon dioxide a year, equivalent to the annual emissions of 1.5 million vehicles.
Honeywell International Inc UOP's carbon capture technology will be integrated into the design of Exxon Mobil Corp's low-carbon hydrogen production facility, enabling it to capture more than 98 per cent of related carbon dioxide emissions. The captured carbon dioxide is expected to be permanently sealed by Exxon Mobil Corp.
No. 10$First Republic Bank (FRC.US)$Closing down 47.11%, the share price hit an all-time low, and the circuit breaker mechanism was triggered several times in intraday trading, with a turnover of US $2.98 billion.The stock has shrunk by more than 90 per cent since march 3.
S & P downgraded first Republic's stock to "junk" and said the bank's recent injection of $30 billion in deposits from 11 large banks might not solve its liquidity problems.
Led by Jamie Dimon, chief executive of JPMorgan Chase & Co, heads of some large banks are considering converting some or all of the $30 billion they deposited with first Republic into capital injections, according to people familiar with the matter. According to the report, the sale or external capital injection of first Republic Bank is also an option for discussion.
11th place$PDD Holdings (PDD.US)$It closed down 14.17% on a turnover of $2.88 billion.Pinduoduo's revenue in the fourth quarter of 2022 was 39.82 billion yuan, an increase of 46% over the same period last year, and its net profit increased by 43% over the same period last year. Net profit of 12.1058 billion yuan increased by 43% over the same period last year; revenue of 130.5575 billion yuan in 2022 increased by 39% over the same period last year, and net profit increased by 306% over the same period last year.
It is worth noting that in 2022, Pinduoduo's R & D expenditure exceeded 10 billion yuan for the first time. Liu Jie, vice president of finance of Pinduoduo, believes that the company is still in the "investment period," and technological innovation is the beacon and power source for high-quality business development, and it will continue to increase investment in the future to help improve the efficiency of the supply chain and upgrade the consumer experience.
No. 13$Berkshire Hathaway-A (BRK.A.US)$It closed 2.97% higher, with a turnover of $2.73 billion.Berkshire Hathaway Class B shares (BRK.B), No. 18, closed 2.57% higher at $1.79 billion. There are market rumors that Buffett may be involved in the Bank of America Corporation crisis.
According to the report, as the US banking crisis develops, Buffett has been in contact with senior US government officials in recent days, but it is not clear what role the billionaire investor may play in containing the crisis after the collapse of Silicon Valley banks, signature banks and Silvergate Capital.
Buffett has long stepped in to help banks in the crisis, using his investment position and financial strength to restore confidence in troubled companies. In 2011, Bank of America Corporation Co., Ltd. received Buffett's capital injection after its share price plummeted. Buffett also provided $5 billion to Goldman Sachs Group Group to prop up the bank after the collapse of Lehman Brothers Holdings in 2008.
The following are the 20 most actively traded stocks of the day (by turnover):
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