In the early morning of the 29th Beijing time, US stocks closed slightly higher on Friday. All three major stock indexes recorded gains this week. Investors are evaluating US inflation data and their impact on Fed policy. The US consumer spending index (PCE) rose more than expected in April, indicating a sharp rise in inflationary pressures. Us President Joe Biden has unveiled a budget worth more than $6 trillion.
The Dow rose 65 points, or 0.19%, to 34529.45; the Nasdaq rose 12.46 points, or 0.09%, to 13748.74; and the S & P 500 rose 3.23 points, or 0.08%, to 4204.11.
All three major indexes of U. S. stocks have recorded gains this week. This week, the Dow is up 0.9%, the S & P 500 is up 1.2%, and the Nasdaq is up 2.1%. In may, the s & p 500 rose 0.6%, its fourth straight month of gains. The Dow is up 1.9% this month, while the Nasdaq is down 1.5%.
WallStreetBets Forum's retail investors forced the hot AMC cinema chain to win the top spot in U. S. stock trading volume on Friday. The stock closed down 1.5%, rising more than 30% at one point to $19.37 billion in intraday trading. The stock rose sharply this week, up as much as 116% in a week.
Rich Greenfield, an analyst at brokerage Lightshed Partners, said the recent surge in the share price of AMC had nothing to do with short selling. He believes that it is not large institutions and hedge funds that have been shorted, and if hedge funds want to clear all their short positions, they will be able to do so in a matter of minutes. "in the long run, what really matters is that the company can no longer make money," he said. With the current capital structure, they will never be able to generate cash. "
Tesla, runner-up in turnoverThe company closed down 0.9% on a turnover of $14.21 billion. Tesla announced that he would voluntarily recall some Model 3 models produced between December 2018 and March 2021, and some ModelY models produced between January 2020 and January 2021 to check brake caliper bolts.
The second runner-up, Nvidia, closed 4.9% higher at $10.32 billion. After Nvidia reported better-than-expected first-quarter results and significantly improved its guidance, Craig-Hallum analyst Richard Shannon upgraded the stock to buy from hold and raised its target price to $750from $550. As market valuations continue to rise, the stock "no longer looks expensive," he said. "
Dow constituent stocks compete with FTSEIt closed 5.4% higher, ranking seventh on today's turnover list with a turnover of US $4.22 billion. Fortune's first-quarter performance was eye-catching, with a number of investment banks raising the company's target price. Barclays analyst Raimo Lenschow maintained its "overweight" rating, raising its target price to $285 from $276.
Game stationIt became the 12th largest trading volume today, and the stock closed down 12.6% on a turnover of US $2.84 billion. Game stations are up more than 25% this week.
Chinese stocks that are among the top 20 US stocks with turnover today include Weilai.The car and BabaOf the two companies, Xilai Motor Company closed down 0.8%, while Alibaba closed 0.6% higher.
The following is a list of the 20 most actively traded stocks of the day (screenshots from Sina Finance APP by turnover): (- US stocks-more data on the left side of the market plate) download Sina Finance APP
