Most of the major Chinese stocks listed in the United States rose. Alibaba closed at $309.92, up 1.19%; Jingdong closed at $81.34, up 0.04%; Baidu closed at $133.93, up 0.81%; pinduoduo closed at $86.91, down 0.98%; bilibilibili closed at $44.44, down 1.90%; tal closed at $70.31, up 5.98%; iqiyi closed at $23.19, up 0.74% It closed at $67.16, down 3.78%; Weibo closed at $40.00, up 0.23%; Sina rose 0.26%; Sohu rose 1.54%; Sogou rose 0.11%; Ctrip rose 1.56%; 51job fell 0.10%; car home fell 3.08%; Weilai fell 0.80%; Jinshan cloud rose 1.20%, ideal car fell 3.06%.
I think everyone is watching, says Mike Katz, a partner at seven points capital, an investment firm. There have been a lot of twists and turns in fiscal stimulus, and every big news makes the market fluctuate a little bit.
This week, the Dow Jones index and the standard & Poors 500 index ended their three consecutive weeks of gains, while the Nasdaq composite index recorded its first weekly decline in nearly five weeks. The standard & Poors 500 index fell 0.5% this week, while the Dow Jones index and Nasdaq index fell 0.95% and 1.1% respectively.
U.S. Treasury Secretary manuchin said Friday that House Speaker Nancy Pelosi is also opinionated on many issues related to the fiscal stimulus package. He added: if she wants to compromise, there will be an agreement. However, we have made great progress in many areas, but there are still some important areas that we are working on.
Trump also said on Friday that he did not want the aid deal to help democratic controlled states out of trouble. Affected by these news, the main U.S. stock index fell to a low point in the day.
Intels share price fell 10.6% after it released mixed third quarter data. The companys earnings are in line with analysts expectations, but the revenue from its data center business is lower than analysts expectations.