In the early morning of the 10th Beijing time, the three major US stock indexes all reached new highs on Friday, led by stocks on the concept of economic recovery. Treasury yields rebounded, with 10-year yields above 1.3%. U.S. president Joe Biden has signed an executive order to strengthen censorship of technology companies and promote competition.
The Dow rose 448.23 points, or 1.30%, to 34870.16; the Nasdaq rose 142.13 points, or 0.98%, to 14701.92; and the S & P 500 rose 48.73 points, or 1.13%, to 4369.55.
On Friday, the S & P 500 rose as high as 4371.60, an all-time high. The index rose 0.4 per cent this week, its sixth weekly gain in the past seven weeks.
The stocks that led Thursday's decline-- that is, the reopening of concept stocks and bank stocks-- became Friday's leading gainers. Bank of America closed 3.3% higher, leading to a rebound in financial stocks. Royal Caribbean rose 3.6%, Wynn ResortUp 2%. American Airlines rose 2.7%, while United Continental Airlines rose 2.9%.
General Motors CoThe company closed 4.8 per cent higher after brokerage Wedbush rated it "buy", saying the stock could rise more than 50 per cent as investors become aware of the extent of its technology and electric vehicle development.
U.S. president Joe Biden signed an executive order on July 9 local time to promote competition in all sectors of the United States. The bill provides guidance and restrictions on anti-competitive practices in science and technology, health care and other areas, while increasing the income of workers and providing protection for consumers.
Affected by Biden's signing of the executive order, some large technology stocks weakened slightly on Friday. AmazonIt is down about 0.3% after hitting an all-time high on Thursday.
Apple Inc, the champion of US stock turnover on Friday.The company closed 1.3% higher and its share price hit an all-time high, with a turnover of $14.36 billion and a market of $2.42 trillion. In terms of today's market capitalization, Apple Inc's net worth has exceeded the GDP of Italy, Brazil, Canada and Russia. In fact, only seven countries in the world have a GDP higher than Apple Inc's market capitalization, meaning the tech giant is richer than 96 per cent of the world's countries.
In second place, Amazon.Com Inc Company closed down 0.3%, with a turnover of US $13.86 billion. Amazon.Com Inc's share price hit an all-time high on Thursday.
Tesla, Inc., No. 3The company closed 0.6% higher, with a turnover of $11.62 billion. Morgan StanleySaid it still recommended the stock and expected the company to launch about 20 new cars in the next few years at a target price of $900, while believing that its share price could "well exceed" that target price.
No. 7 Chinese general stock BabaIt closed 3.1% higher, with a deal of $3.46 billion. Zhang Kuo, general manager of BABA International Station, said that the global market shows a level of consumption, and the cross-border e-commerce dividend period still has two to three years.
The 12th AMC cinema chain closed down 3.7%, with a turnover of US $2.7 billion. The retail group stock fell 11.1% this week, the third consecutive week of decline.
The 13th Snowflakes closed 7.7% higher, with a transaction of $2.56 billion.
The 15th black concept stock CARV closed up 21.1%, up 150% this week, with a turnover of $2.13 billion. Carver savings has recently become a new target for retail investors on Wall Street. According to FactSet, 68% of the company's outstanding shares are shorted, making it the New York Stock Exchange and NASDAQ.One of the stocks with the highest percentage of shorts in the market.
No. 16 JPMorgan Chase & CoIt closed 3.2% higher, with a deal of $2.09 billion. Us bond yields rebounded on Friday, giving a general boost to the financial sector.
There are also NIO Inc. among the top 20 Chinese stocks listed in today's US stock turnover.For the auto company, the stock closed down 0.15% on a turnover of $2.93 billion.
The following are the 20 most actively traded stocks of the day (by turnover):
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