U.S. stocks ended mixed on Wednesday, with the Dow Jones index soaring more than 400 points to a record high. U.S. Treasury yields fell, and a new round of U.S. economic rescue package was passed in the house of Representatives, stimulating investors to rush to buy stocks that will benefit from economic recovery.
The Dow Jones index closed at 32297.02, up 464.28 points, or 1.46%, to a record high. The standard & Poor's 500 index closed at 3898.81, up 0.60%; the Nasdaq composite index closed at 13068.83, down 0.04%, up 1.6%.
Electric vehicle stocks were mixed, with Tesla down 0.82%, Weilai down 0.07%, Xiaopeng up 2.44% and ideal up 1.13%.
Specifically, in the trading of US stocks on Wednesday, leading technology stocks generally fell, with Apple's share price closing at US $119.98, down 0.91%; Google's parent company alpha's share price closing at US $2055.03, up 0.11%; Amazon's closing at US $3057.64, down 0.17%; Microsoft's closing at US $232.42, down 0.58%; Facebook's closing at US $264.90, down 0.32%; Oracle's closing at IBM closed at $127.87, up 2.97%; Netflix closed at $504.54, down 0.38%; Tesla closed at $668.06, down 0.82%; twitter fell 3.98%, Uber rose 4.40%; LYFT fell 1.65%.
Leading chip stocks in US stocks fell, with TSMC closing at US $113.83, down 2.19%; NVIDIA at US $498.73, down 0.42%; Intel at US $62.25, down 0.67%; ASMC at US $523.33, down 3.00%; Qualcomm at US $127.87, down 0.96%; Broadcom at US $437.59, down 1.35%; Texas Instruments at US $169.42 USD, down 0.55%; AMD, down 1.29%; applied materials, down 1.35%; micron technology, down 4.36%.
Alibaba, Jingdong, Baidu, pinduoduo, Weilai, Xiaopeng and ideacar all fell to US $234.30, US $89.33, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14, US $148.14 Dollar, up 1.13%; BiliBili, down 4.00%, to US $103.10; tal, down 11.64%, to US $66.93; iqiyi, up 2.73%, to US $27.83; follow who, down 8.59%, to US $81.01; Weibo, down 1.57%; Ctrip, down 1.59%; Auto home, up 3.71%; jinshanyun, down 1.60%; lufax, up 1.72%.
Democrats in the house of Representatives passed a $1 trillion and 900 billion COVID-19 rescue bill on Wednesday to submit it to President Biden, who is expected to sign Friday. Biden said checks for up to $1400 should be issued to the public this month.
Cyclical stocks, the ones most sensitive to the economic rebound, led the gains, restoring the trend of the past few weeks. The S & P 500 energy sector rose 2.6%, with a cumulative increase of more than 39% in 2021. Industrial, materials and financial sectors all rose more than 1%.
Meanwhile, mild inflation data released in the United States on Wednesday eased concerns about rising prices. Earlier, rising prices pushed up yields on U.S. Treasury bonds, unsettling stock investors. On Wednesday, the yield on the 10-year Treasury note fell two basis points to 1.52%.