This week, all three major U.S. stock indexes rose slightly. The standard index rose 1.8% this week, the fourth week of gains in recent five weeks; the Dow rose 1% this week; the tech dominated NASDAQ outperformed the broader market, rising 3.7% this week.
In Friday trading of US stocks, most of the leading technology stocks fell, with Apples share price closing at $349.72, down 0.57%; alphabet, Googles parent company, closing at $1431.72, down 0.30%; Amazons closing at $2675.01, up 0.79%; Microsofts closing at $195.15, down 0.60%; Facebooks closing at $238.79, up 1.21%; Oracles closing at $54.40, up 1.32%; IBMs closing At $122.47, down 1.36%; Netflix rose 0.86% to $453.72; Tesla fell 0.30% to $1000.90; twitter fell 1.82%, Uber fell 3.29%; LYFT fell 2.82%.
The leading chip companies in US stocks were mixed, with Intel closing at US $59.62, down 0.77%; NVIDIA closing at US $370.45, up 0.47%; Broadcom closing at US $302.77, down 4.02%; Texas Instruments closing at US $124.89, down 0.87%; Qualcomm closing at US $88.81, down 1.23%; amd closing at US $54.23, up 0.35%; micron technology up 0.69%; and application materials company up 0.94%.
The main Chinese stocks listed in the U.S. were mixed, with Netease closing at $413.21, up 0.96%; Alibaba closing at $220.64, down 1.30%; JD closing at $58.64, down 3.54%; Baidu closing at $123.08, down 0.31%; pinduoduo closing at $87.58, up 6.26%; bilibilibili closing at $44.72, up 4.95%; tal closing at $67.05, up 3.82%; Iqiyi closed at $24.46, down 1.45%; learn from who, up 3.14%; Weibo, down 0.74%; Sina, up 0.22%; Sohu, up 7.32%; Sogou, up 1.16%; Ctrip, down 0.34%; 51job, up 0.08%; Auto home, down 1.13%; 58, the same city, up 0.52%; Yulai, up 2.23%; jinshanyun, up 15.73%, and Ruixing coffee, down 3.54%.
Pinduoduo rose 6.26%, BiliBili increased 4.95%, closing prices all hit new highs, and pinduoduos market value once again exceeded the $100 billion mark.
Earlier in the day, a series of negative news about the outbreak sent us stocks to intraday lows:
Apple said it would reopen 11 stores in Florida, Arizona, South Carolina and North Carolina. Apple closed these stores in March because of the outbreak, and then all of them reopened. The tech giants share price fell 0.5%.
Novel coronavirus pneumonia cases are increasing in some states of the United States, Adam Krisavli, founder of VitalKnowledge, a market research firm, said in a report on Friday. (AdamCrisafulli) The market can no longer ignore this problem.
Earlier this week, a record surge in U.S. retail sales and additional federal reserve stimulus boosted the market.
Larry Adam, chief investment officer of investment bank Raymond James, said in a report: looking forward to the future, considering the strong rebound in valuation and continuous uncertainty, corporate profits must meet expectations, and the possibility of market volatility may still be high.
Source: Zhang Zutao, editor in charge of Netease Technology Report_ NT5054