Specifically, in U.S. stock trading on Monday, leading technology stocks rose and fell, with Apple shares closing at $129.04, up 3.39%; Googles parent company alphabet, down 0.62%; Amazon, at $3450.96, up 1.45%; Microsoft, at $225.53, down 1.48%; Facebook, at $293.20, down 0.16%; Oracle, at $57.22, down 1.45% 14%; IBM closed at $123.31, down 1.41%; Netflix closed at $529.56, up 1.08%; Tesla closed at $498.32, up 12.57%; twitter fell 1.19%, Uber fell 0.50%; LYFT fell 3.57%.
Among the leading chip stocks in the U.S., TSMC fell 1.48% to $79.25, NVIDIA rose 1.72% to $534.98, Intel to $50.95, Broadcom to $347.15, 0.68% to $347.15, Qualcomm to $119.10, Texas Instruments to $142.15, down 0.93%, AMD to $90.82, up 6.16%, and applied materials Materials companies fell 2.33%; Meguiar technology fell 0.39%.
Most of the major Chinese stocks listed in the United States fell, with Alibaba closing at $287.03, down 0.68%; Jingdong closing at $78.64, down 1.65%; Baidu closing at $124.75, down 3.43%; pinduoduo closing at $88.94, down 0.29%; bilibilibili closing at $47.25, down 0.30%; tal closing at $73.81, down 4.06%; iqiyi closing at $21.65, up 1.03% It closed at $85.40, up 4.67%; Weibo closed at $37.30, down 3.09%; Sina fell 0.99%; Sohu fell 4.69%; Sogou fell 0.23%; Ctrip fell 1.27%; 51job fell 2.30%; car home fell 5.34%; 58 intra city fell 0.56%; Weilai rose 2.86%; Jinshan cloud fell 1.26%, ideal car fell 7.39%.
Monday was the first day after the split between apple and Tesla, with both stocks up sharply. Apple shares rose 3.39%, the best performing component of the Dow; Tesla shares were up about 13%. Tesla closed Monday with a market capitalization of $464.3 billion, surpassing visa for the first time to become the seventh largest U.S. company by market value. Visa closed at $451.1 billion.
Mondays rally was the latest strong performance since apple and Tesla announced a split. Apple said on July 30 that its board approved a 4-to-1 split. Since then, the stock has risen more than 32%. Teslas share price has soared more than 70 per cent since it announced a 1-to-5 split on August 11.
However, Leon Cooperman, a well-known investor, said on Monday that the share price rise triggered by the split was a troubling sign for the market.
In August, the Dow rose 7.6%, the biggest gain since 1984. The benchmark index rose 7% in August, the best month since 1986.
The benchmark index also rose for the fifth consecutive month. Data from Suntrust / truist advisory, an investment firm, show that the index has risen only 26 times in five consecutive months since 1950.
However, it is worth noting that after such a strong monthly rally, the near-term stock market returns will moderate as expected, Keith Lerner, the companys chief market strategist, said in a report (Liu Chun)
Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279