Specifically, in U.S. stock trading on Tuesday, technology leading stocks generally rose, with Apples share price rising by 3.98% to $134.18, Googles parent company alphabet, up 1.62% to $1660.71, Amazon to $3499.12, up 1.40%, Microsoft to $227.27, up 0.77%, Facebook to $295.44, up 0.76%, Oracle to $57.66, up 0.76% 77%; IBM closed at $123.40, up 0.07%; Netflix closed at $556.55, up 5.10%; Tesla closed at $475.05, down 4.67%; twitter rose 1.40%, Uber rose 1.99%; LYFT fell 0.81%.
The leading chip stocks in the U.S. stock market generally rose, TSMC closed at $81.55, up 2.90%; NVIDIA closed at $552.84, up 3.37%; Intel closed at $50.79, down 0.31%; Broadcom closed at $359.54, up 3.57%; Qualcomm closed at $122.01, up 2.44%; Texas Instruments closed at $144.96, up 1.98%; amd closed at $92.18, up 1.50%; application materials Materials companies rose 0.47%; Meguiar technology rose 0.55%.
Major Chinese stocks listed in the United States generally rose, with Netease closing at $491.79, up 0.94%; Alibaba, 3.82%; Jingdong, 4.90%; Baidu, 1.89%; pinduoduo, 2.72%; bilibilibili, 10.58%; tal, 5.95%, at $298.00, up 3.82%; Jingdong, 4.90%; Baidu, 1.89%; pinduoduo, 2.72%; bilibilibili, 10.58%; tal, 5.95%, at $491.79; Alibaba, 3.82%; Jingdong, 4.90%; Baidu, 1.89%; pinduoduo, 2.72%; Bili, 10.58% Iqiyi rose 4.99% to US $22.73, up 10.88% to US $94.69, Weibo to US $38.45, up 3.08%, Sina up 0.16%, Sohu down 0.65%, Sogou up 0.46%, Ctrip up 1.36%, 51job up 2.43%, auto home up 6.02%, 58 Tongcheng up 0.60%, Weilai up 5.73%, Jinshan cloud up 3.25%, ideal car up 12.21%.
Apple led tech stocks up nearly 4%. Several Wall Street analysts raised their target share price for the tech giant, pushing the stock up. The day before, the companys share price rose more than 3 per cent after a split, which appeared to have led investors to snap up the companys shares.
Zoom, a remote video conferencing company, rose 40.8 percent after it announced that revenue in the second quarter of this year more than tripled from a year earlier.
On Tuesday, the Institute for supply management (ISM) released better than expected manufacturing data for August, which also boosted major stock indexes. The final value of the purchasing managers index (PMI) for the US manufacturing sector in August, released by the association, was 56, a 19 month high.
The S & P 500 and Dow Jones have just finished their best August in more than 30 years. In August, the Dow rose 7.6%, the fifth consecutive month of gains and the biggest rise since 1984. The standard & Poors 500 index also rose for the fifth consecutive month, up 7%, the best August since 1986.
The technology heavy Nasdaq composite index rose 9.6% in August, its best monthly performance since 2000.
While growth and momentum stocks are still the main drivers of returns, value and cyclical stocks are also starting to get involved, mark Hackett, head of investment research at investment firm nationwide, said in a report (Liu Chun)
Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279