Sino-Singapore Jingwei, May 28. In the morning of the 28th, Beijing time, the three major U.S. stock indexes closed up across the board, ending a multi-week losing streak.
Source: Wind
As of the close, the Dow rose 1.76% to 33,212.96 points, the S&P 500 rose 2.47% to 4,158.24 points, and the Nasdaq rose 3.33% to 12,131.13 points.This week, the Dow rose 6.24%, ending an 8-week losing streak, the S&P 500 rose 6.58%, ending a 7-week losing streak and the largest weekly gain since November 2020, and the Nasdaq rose 6.84%, ending a 7-week losing streak fall.
Technology stocks rose collectively. Apple rose 4.08%, Amazon rose 3.66%, Netflix rose 1.98%, Google rose 4.2%, Facebook rose 1.83%, and Microsoft rose 2.76%.
Most bank stocksrose, JPMorgan Chase rose 1.39%, Goldman Sachs rose 1.5%,Citigroupfell 0.87%, Morgan Stanley rose 1.66%, Bank of America rose 0.95%, and Wells Fargo rose 0.53%.
Airline stocks rose across the board, Boeing rose 3.47%, American Airlines rose 5.16%, Delta Airlines rose 3.33%, Southwest Airlines rose 1.71%, and United Airlines rose 5.08%.
Most popularChinese concept stocksrose, 1 Yaowang rose 20.75%, WanchunPharmaceuticalrose 16.81%, Taihecheng Medical rose 15.86%, Pinduoduo rose 15.19%, Didi Chuxing rose 9.19%, Legend Bio rose 8.59%, Jinshan Yun rose 7.67%; in terms of decline, Tianjing Biological fell 26.88%, Tianmei Biological fell 20.8%, Zhihu fell 7.23%, and Suntech fell 5.77%.Zhonggainew energy autostocks generally rose, with Weilai Automobile up 3.24%, Xiaopeng Motors up 1.86%, and Ideal Auto up 0.41%.
On the macro front, the US April PCE price index rose 6.3% year-on-year, expected 6.2%, and the previous value was 6.6%; it rose 0.2% month-on-month, expected 0.2%, and the previous value was 0.9%.In April, the core PCE price index rose 4.9% year-on-year, expected 4.9%, and the previous value was 5.2%; the month-on-month increase was 0.3%, and the expected and previous value were both 0.3%.The initial value of the goods trade deficit in April was $105.9billion.
In terms of global markets,European stocksclosed up across the board. The German DAX index rose 1.62% to 14462.19 points, the French CAC40 index rose 1.64% to 6515.75 points, and the UK FTSE 100 index rose 0.27% to 7585.46 points.
The U.S. dollar index, which measures the greenback against six major currencies, was down 0.16 percent at 101.6670 by late New York trading.
Oil prices rose in New York, with New York light sweet crude for July deliveryup 98 cents to settle at $115.07 a barrel.
The most actively traded August gold futures price on theNew York Mercantile Exchangegold futures market rose $3.4 from the previous trading day on the 27th to close at $1,857.3 an ounce, an increase of 0.18%.Market analysts believe that the decline in the US dollar index isthe main reason for the rise ingold prices that day.
On the same day, silver futuresfor July deliveryrose 13.1 cents, or 0.60%, to close at $22.096 an ounce; platinum futures for July delivery rose $5.6, or 0.60%, to close at $943 an ounce.(Sino-Singapore Jingwei APP)
