In the early morning of the 6th Beijing time, US stocks rebounded and closed higher on Friday, and the Dow achieved a sharp reversal of 800 points. Positive economic data, fiscal and monetary policy support, and accelerated vaccine promotion have made the outlook for the US economy more positive. However, the US bond yield continues to rise, causing investors to worry that the Federal Reserve may be forced to tighten monetary policy easing.
The Dow rose 572.16 points, or 1.85%, to 31496.30 points; the Nasdaq rose 196.68 points, or 1.55%, to 12920.15 points; and the S&P 500 index rose 73.47 points, or 1.95%, to 3841.94 points.
The Dow pulled up more than 800 points from an intraday low of 30766.81 points and rose to a high of 31580.33 points. The NASDAQ also recorded a sharp reversal of 500 points, with an intraday decline of more than 320 points at most. The Dow rose 1.8% this week, the S&P 500 rose 0.8%, and the NASDAQ fell 2.1%.
The US Department of Labor reported on Friday that the number of non-farm payrolls increased by 379,000 in February, and the unemployment rate fell to 6.2%. The market expects the number of non-farm payrolls to increase by 210,000, and the unemployment rate to stabilize at 6.3%. After the report was released, US Treasury yields rose rapidly on Friday. The 10-year Treasury yield rose to 1.62%, surpassing the high since February 25, then gradually fell back to 1.56% and remained stable.
After the release of the non-farm payroll report, sectors that will benefit from rapid economic recovery will generally rise. The energy sector of the S&P 500 index rose more than 3%, while Occidental Petroleum rose 6%. The raw materials sector increased by more than 2%, while the financial and industrial sectors both increased by more than 1%.
Tesla remains the leader in turnover. The stock closed down 3.8%, with a cumulative decline of 11.5% this week. So far, the stock has been falling for the fourth week in a row, and its market value has evaporated to $234 billion.
The Chinese securities stock NIO Auto jumped to fourth place in turnover. The stock closed down 3% on Friday and fell 16.8% this week.
Gaming Station became 15th in terms of turnover. The stock closed 4.1% higher on Friday and rose 35.4% this week. Some analysts believe that investors avoid this stock due to the company's business, financial situation, and speculative nature of low-priced stocks.
The stock price of medical products company Second Sight Medical Products (EYES) soared more than 300%, ranking 16th in the turnover list with a turnover of 3.87 billion US dollars. Even after a sharp rise, the stock's market value was only $130 million, which meant that its turnover rate reached an astonishing 2900%.
Baidu and Alibaba were also among the top 20 US stock exchanges on Friday.
The following are the 20 most actively traded US stocks of the day (by turnover): (Screenshot from the Sina Finance App Market - US Stocks - Market section, slide left for more data) Download the Sina Finance App
