edited every time: Du Yu
, Eastern time on December 29th, the three major U.S. stock indexes closed up collectively, the Dow rose by 345 points, rose by 1.05%, the Nasdaq rose by 2.59%, the S&P 500 index rose 1.75%.
Tesla soared more than 8%
Automobile manufacturing and semiconductors were among the top gainers, Navitas Semiconductor, Rivian Automc, Ford Motor rose more than 5%, Nvidia rose more than 4%, large technology stocks generally rose, Te Tesla rose more than 8%, Apple rose nearly 3%, Microsoft , Google , Amazon rose more than 2%.
Tesla (TSLA) closed at US$121.82, with a market value of US$384.68 billion
According to e-company, in the previous seven consecutive declines, Tesla fell by nearly 31%, and has fallen by about 70% this year. Reutersreported thatTesla CEOElon Musk sent an email to employees on Wednesday, asking them not to be disturbed by the "craziness" stock market, and he believes that in the long run, Tesla will be the most valuable company on earth , He also urged employees to aim for deliveries by the end of the quarter after the company rolled out discounts on cars in the United States and China.
According to Securities Times, the most concerned is the Ark Fund owned by Sister Mumu who has been buying the bottom since December and Tesla, buying a total of 152,700 shares. In addition to Sister Mumu, there are also Korean individual investors who are actively buying bottoms. As of December 27, South Korean investors have increased their holdings by US$160 million this month, and have bought a net worth of US$2.8 billion (approximately RMB 19.5 billion) of Tesla shares in this year.
Musk tweeted this month: "No matter what happens, I will not sell Tesla stock next year." He said he would step down as Twitter CEO once a successor was found.
popular Chinese concept stocks generally rose, iQiyi rose more than 19%
popular Chinese concept stocks generally rose, Nasdaq China Golden Dragon Index rose 2.68%. iQiyi rose by more than 19%, , Bilibili, rose by more than 6%, Li Auto, Tencent Music, Xiaopeng Motors, rose by more than 5%, Weibo and Manbang rose by more than 4%, Baidu rose by more than 3%, Alibaba and NetEase rose more than 2%, Weilai , JD.com , Futu Holdings, Pinduoduo rose more than 1%, and Vipshop rose slightly. Chalco fell more than 1%, Luckin Coffee , Shell fell slightly.
Iqiyi (IQ) closed at $5.28, an increase of 18.92%, with a market value of $4.548 billion
According to the Financial Associated Press, Hans Olsen, chief investment officer of Fiduciary Trust Company, said, "Investors are eager to end the year with a bullish tone, but I think That couldn't be further from the truth." Olsen is cautious about the new year, concerned that higher interest rates could impact stock returns in the coming months. Louis Navellier, founder and chief investment officer of
Navellier & Associates, calls the market " a simplified version of the Santa Claus market one-day tour ". Navellier said that entering the new year, we will face further volatility, and there is high uncertainty about whether a soft landing can be achieved, and how determined the Federal Reserve is to tighten.
On the other hand, investors worry that rising demand could push up the prices of energy and other commodities, prompting the Federal Reserve to further raise interest rates to curb inflation. "That's why we have this hot and cold market reaction," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. 2008worst year in years. Since the beginning of the year, the Nasdaq, which is dominated by technology stocks, has fallen by 33.03%, while the Dow and the S&P 500 have fallen by 8.58% and 19.24% respectively. Sam Stovall, chief investment strategist at CFRA Research, said that the market shows that investors expect a recession in early 2023. "There are still questions about the severity of the recession, and we expect it to be milder." On the other hand, U.S. stocks have already solved the troubles before the macro problems in 2023, and now they seem more and more attractive. The risk-to-reward ratio for equities in 2023 has improved, and the probability of a U.S. stock rally by the end of next year has increased enough to become the base case.
Daily Economic News Comprehensive Financial Association, Securities Times, public information
Daily Economic News
