On Friday, U.S. time, all three major indexes of U.S. stocks closed higher, including the Dow Jones index and the standard & Poor's 500 index, which hit another record high. US equity rose strongly this week, driven by rising optimism about the US economic restart.
The Dow Jones index rose 297.03 points, or 0.89%, to 33800.60, a record high; the standard & Poor's 500 index rose 0.77%, to 4128.80, a record high for the third consecutive trading day; and the Nasdaq composite index, which is dominated by technology stocks, rose 0.51% to 13900.19.
The Dow Jones index is up 2% this week, and the standard & Poor's 500 index is up about 2.7%, its best week since the beginning of February this year. Over the same period, as major technology stocks strengthened, the NASDAQ index rose by 3.1%. Apple shares are up more than 8% this week, while Amazon and alphabet are up more than 6%.
Electric vehicle stocks generally fell, with Tesla down 0.99%; Weilai down 1.50%, Xiaopeng down 2.71% and ideal down 2.02%. According to foreign media reports, Didi travel will raise $1.5 billion through debt financing to prepare for its large-scale IPO in the United States. In addition, it is reported that the company plans to file a secret listing application in the United States later this month and has appointed Gao Sheng and Morgan Stanley as underwriters.
Specifically, the performance of leading technology stocks is as follows:
The leading chip stocks in US stocks are as follows:
The main Chinese concept stocks listed in the United States are as follows:
On the data side, the US producer price index, which measures wholesale price inflation, rose sharply in March. Us PPI rose 1.0% month on month in March, compared with the 0.4% increase expected by economists surveyed by Dow Jones.
Us PPI rose 4.2% year on year in March, the biggest increase in more than nine years.
After the release of PPI data, the yield of 10-year US Treasury bonds rose slightly to 1.66%. Earlier this week, Treasury yields eased from recent highs.
As the standard & Poor's 500 index continues to rise, it has repeatedly set new record highs, and the market volatility has declined significantly. The CBOE volatility index, a measure of Wall Street panic, has fallen below the 20 point mark for eight consecutive trading days. On Friday, the VIX fell below 17.