U.S. stocks closed higher, Dow rose more than 100 points, ideal car up nearly 7percent

 U.S. stocks closed higher, Dow rose more than 100 points, ideal car up nearly 7percent

The Dow Jones index rose 113.37 points, or 0.40%, to 28308.79; the standard & Poors 500 index rose 16.2 points, or 0.47%, to 3443.12; and the Nasdaq composite index rose 37.51 points, or 0.33%, to 11516.49.

Most sectors of the standard & Poors 500 index rose, supported by financial, industrial and non essential consumer sectors.

Specifically, in the U.S. stock market trading on Tuesday, most of the leading tech stocks rose, with Apples share price rising by 1.32% to $117.51; Googles parent company, alphabet, up 1.39% to $1555.93; Amazon to $3217.01, up 0.31%; Microsoft to $214.65, up 0.20%; Facebook to $267.56, up 2.36%; Oracle, up 0.0% to $59.75 22%; IBM closed at $117.37, down 6.49%; Netflix closed at $525.42, down 1.00%; Tesla closed at $421.94, down 2.06%; twitter rose 1.16%, Uber rose 6.11%; LYFT rose 2.03%.

Among the leading chip stocks in the U.S., TSMC rose 0.80% to US $88.26, NVIDIA rose 1.09% to US $545.82, Intel fell 2.11% to US $53.43, ASMC fell 0.09% to 384.96, Broadcom rose 0.32% to US $376.99, Gaotong fell 0.09% to US $128.30, Texas Instruments rose 0.05% to US $150.83 and AMD closed at 8 56, down 0.54%; Applied Materials Inc. rose 0.34%; micron technology rose 1.71%.

The main Chinese stocks listed in the United States generally rose, with Netease closing at US $88.37, up 1.17%; Alibaba closing at US $309.81, up 1.48%; Jingdong closing at US $82.57, up 2.43%; Baidu closing at US $130.08, up 0.64%; pinduoduo closing at US $89.07, up 5.85%; bilibilibili, up 2.82%; tal, closing at US $80.32, up 2.55%; Iqiyi closed at US $22.51, down 0.04%; learning from others closed at US $102.94, up 2.19%; Weibo closed at US $38.68, up 0.99%; Sina fell 0.02%; Sohu rose 1.97%; Sogou rose 0.00%; Ctrip fell 0.36%; 51job fell 0.92%; car home fell 0.08%; Weilai rose 1.19%; Jinshan cloud fell 0.90%, ideal car rose 6.83%.

The U.S. Department of justice and 11 states filed antitrust lawsuits against alphabets Google, accusing it of violating the law by using market forces to repel competitors. However, alphabet shares closed up 1.4%.

IBM reported higher than expected third quarter revenue on Monday, mainly boosted by rising demand for cloud services. But the companys share price fell nearly 7% as the company did not release its current quarter performance forecast due to the epidemic.

Brian Reynolds, chief market strategist at Reynolds strategy, a market research firm, said: I think whoever is elected will take economic stimulus measures.

The current headlines are essentially short-term, he said. In the end, they will come together to generate more stimulus for the economy, because all industries that are lagging behind in growth need stimulus.

Yesterday, the uncertainty surrounding the new coronavirus rescue plan put pressure on major U.S. stock indexes. Analysts expect market turmoil to intensify with just two weeks to go before the US election. (Liu Chun)

Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279