The S & P 500 has hit another all-time high after two years!
Dow Jones Industrial Average + 1.05% to 37,863.80, S & amp; P 500 Index + 1.23% to 4,839.81, the Nasdaq index dominated by technology stocks + 1.70% to 15,310.97。In terms of industry trends, IT is the strongest, rising + 2.35%, with essential consumer goods the weakest, down -0.33%。
U. S. stocks yesterday's market trend:
- Dow Jones Industrial Average up 1.05%, to 37,863.80。
- S & P 500 Index Up 1.23%, to 4,839.81。
- Nasdaq index dominated by tech stocks, up 1.70%, to 15,310.97。
In terms of industry trends, IT was the strongest performer, surging 2.35%, while essential consumer goods were the weakest, down 0.33%。
after hours of us stocks instant news
S & P 500 hits first high in two years: After two years of volatility, the S & P 500 finally hit a new high this Friday, marking a strong recovery in the U.S. stock market。Falling inflation, market expectations that the Fed will cut interest rates in 2024 and the strong performance of the tech giants are the main drivers of this upward trend.。
US consumer confidence index hits two-year high: University of Michigan's consumer confidence index rises to 78.8, the highest level since July 2021 and also the biggest monthly increase since 2005.。U.S. consumer optimism about the future of the economy, income and inflation helps sustain demand and keep the economy on an expansionary track。
Fed official: Evidence still insufficient, rate cut too early: San Francisco Fed Governor Mary Daly says it's too early to consider rate cut。She stressed the need to see more evidence of stable inflation and a sustained return to 2 per cent.。Markets expect FOMC meeting to leave interest rates unchanged for fourth time in a row。
Sam Altman raises funds to build global chip plants: OpenAI CEO Sam Altman is aggressively raising billions of dollars to plan a multinational network of semiconductor manufacturing plants to address possible chip supply shortfalls in the market.。
Electric vehicle demand cools, Ford cuts department manpower: Ford will cut the number of employees making F-150 Lightning trucks as demand for electric vehicles slows, and about 1,400 employees will be affected。At the same time, Ford is bullish on the traditional gasoline car market and plans to hire new employees to boost production of other models。
Other news:
- Private equity firm Apollo Global is considering buying National Amusements, the Redstone family firm that controls Paramount Worldwide。
- Chinese stocks plunged to four-year lows this week, with Alibaba shares falling below 2014 IPO price。
- U.S. Super Microcomputer sharply raised its fiscal 2024 Q2 revenue and earnings outlook, driving the stock to a record high。
- Amazon Cloud Platform AWS Plans to Invest About 152 in Japan by 2027.$400 million to expand cloud computing infrastructure as the backbone of artificial intelligence services。
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