U.S. stocks closed up on the whole, with the Dow wiping out all losses this year, with an ideal drop of nearly 10percent

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 U.S. stocks closed up on the whole, with the Dow wiping out all losses this year, with an ideal drop of nearly 10percent


The leading chip companies in the U.S. stock market generally rose, with TSMC closing at $80.44, down 0.20%; NVIDIA, up 4.11%; Intel, at $50.43, up 2.09%; Broadcom, at $344.82, up 1.67%; Qualcomm, at $118.20, up 1.88%; Texas Instruments, at $143.49, up 1.41%; AMD, at $85.55, up 2.09%; applied materials Materials companies rose 1.68%; Meguiar technology rose 2.40%.

Fridays gains put the Dow Jones index in positive territory this year, up 0.4%. Randy Frederick, vice president of trading and derivatives at Charles Schwab, said: the Dow is the last of the major U.S. stock indexes to smooth out the 2020 decline. . To some extent, its a positive psychological effect on the market.

However, he pointed out that the cumulative gains of the Dow this year will almost inevitably return to the top. The NASDAQ has been rising for a long time, and the benchmark index has increased by more than 8% this year..

Among the Dow components, Wal Mart and Coca Cola led the gains, rising 2.7% and 3.3% respectively. Technology and energy stocks were the best performers in the S & P 500, up 1.1% and 1.9% respectively. Yousef Abbasi, global market strategist at stonex, an investment firm, said in a report: at the moment, the stock market appears to be enjoying two benefits, as on the one hand they see signs of economic momentum improving, on the other hand, monetary stimulus continues to be very loose - and there may be more fiscal stimulus. On the data front, the Commerce Department said U.S. consumer spending rose 1.9% in July, surpassing Reuters previous forecast of 1.5%. Personal income rose 0.4% in July, compared with a 0.2% decline forecast by economists. (Liu Chun) source of this article: Ding Guangsheng, editor in charge of Netease science and Technology Report_ NT1941

Among the Dow components, Wal Mart and Coca Cola led the gains, rising 2.7% and 3.3% respectively. Technology and energy stocks were the best performers in the S & P 500, up 1.1% and 1.9% respectively.

Yousef Abbasi, global market strategist at stonex, an investment firm, said in a report: at the moment, the stock market appears to be enjoying two benefits, as on the one hand they see signs of economic momentum improving, on the other hand, monetary stimulus continues to be very loose - and there may be more fiscal stimulus.

On the data front, the Commerce Department said U.S. consumer spending rose 1.9% in July, surpassing Reuters previous forecast of 1.5%. Personal income rose 0.4% in July, compared with a 0.2% decline forecast by economists.

(Liu Chun)