In the early morning of the 18th Beijing time, US stocks closed with mixed ups and downs on Thursday. The Dow declined for the second consecutive trading day, and the NASDAQ approached the highest closing level in history. Yesterday, the Federal Reserve raised its economic growth and inflation expectations, and hinted that it would raise interest rates twice before the end of 2023. The number of first-time jobless claims in the US last week was 412,000, higher than market expectations.
The Dow fell 210.22 points, or 0.62%, to 33823.45 points; the NASDAQ rose 121.67 points, or 0.87%, to 14161.35 points; and the S&P 500 rose 1.84 points, or 0.04%, to 4221.86 points.
The NASDAQ is close to its highest level in history. Its all-time high in intraday history was 14211.57 points on April 29, and the all-time high in closing history was 14174.14 points on June 14.
Currently, the gap between the S&P 500 index and its historical high is less than 1%, and the NASDAQ is close to its all-time high because some investors believe that the Federal Reserve's practice of maintaining its asset purchase plan will support the stock market in the short term.
The yield on US 10-year Treasury bonds fell below 1.5%. The yield on 30-year treasury bonds fell to 2.098%, a new low since February 19.
The raw materials sector generally declined. The prospect of the Federal Reserve's interest rate hike and China's actions to curb metal prices have calmed the sharp rise in commodity prices this year.
The retail group stock AMC Cinema Line once again became the largest stock that day. The stock closed 10.1% higher and traded 17.99 billion US dollars. New York Stock Exchange President Stacey Cunningham said on Wednesday that the price of so-called meme shares may have been distorted because most of these stocks are traded on places other than the US Open Exchange.
Meanwhile, Luke Ellis, CEO of brokerage firm Man Group, said that the rise of the meme stock boom is leading to the formation of a “fake market”, and investors should actively avoid buying shares of these companies.
Technology companies followed the AMC cinema line in terms of turnover.
2nd place in terms of turnoverAmazonsIt closed 2.2% higher and sold $17.24 billion.J.P. MorganMaintaining Amazon's “increase” rating with a target price of $4,600, analyst Doug Anmuth still lists it as the industry's first choice.
Third in terms of turnover was Nvidia Corporation, which closed 4.8% higher and traded 14.8 billion US dollars. The stock hit record high in the middle and close of trading today. In October of last year, Nvidia named the SmartNIC card (smart network card) based on Mellanox “DPU”. In less than a year, DPU became the topic of the industry's pursuit. Industry insiders predict that DPU will become the most important computing power chip after CPUs and GPUs. With the active layout of technology giants and the popularity of capital markets, companies in related fields are expected to usher in opportunities.
Electric vehicle manufacturersTeslaIt ranked fourth in today's turnover. The stock closed 1.9% higher, trading US$13.69 billion. The US NEV sector rose collectively today.
The 5th to 9th place in terms of turnoverapples,Microsoft,AMD,Facebookand technology stocks such as Shopify.
The US stock banking sector declined collectively today. J.P. Morgan Chase, 10th in turnover, closed down 2.9%, with transactions of US$4.45 billion; 11th, Citibank closed down 3.6% with transactions of US$3.3 billion; 13thBank of AmericaIt closed down 4.4% and sold $3.24 billion. Earlier reports indicated that the European Union decided to freeze the bond sales qualifications of 10 banks, including J.P. Morgan Chase, Citigroup, Bank of America, and Barclays, due to the violation of antitrust laws. Most of them are American banks.
Two Chinese securities were shortlisted in the top 20 in terms of turnover today. 16thWeilaiAutomobiles closed 5.2% higher and sold $3.03 billion. 19th placeBabaIt closed 1.1% higher and sold $2.36 billion.
The following are the 20 most actively traded US stocks on the same day (by turnover): (Screenshot from the Sina Finance App Market - US Stocks - Swipe left for more data)Download the Sina Finance App
