Hey, friends! The stock market is like a war without smoke, with various exciting stories unfolding every day. Have you ever paid attention to the dynamics of the US stock market?
The US stock market on October 28th was exceptionally lively. The three major indices all rose together, with the Dow Jones Industrial Average increasing by 0.65%, closing at 42,387.57 points; the S&P 500 index rose by 0.27%, closing at 5,823.52 points; and the Nasdaq Composite index increased by 0.26%, closing at 18,567.19 points, approaching its historical high. It was like a grand carnival that thrilled investors.
Looking at the sectors, only two out of the S&P 500's 11 sectors closed lower, with the energy sector falling by 0.65% and the information technology sector slightly down by 0.07%. The reasons for this are diverse. For instance, two days prior, Israeli warplanes and missiles attacked Iran's air defense and military bases, but did not target Iran's oil facilities, and Iranian leader Ayatollah Khamenei did not call for retaliation, greatly easing short-term concerns about oil supply. This could be one of the reasons for the energy sector's decline, as both major crude oil futures fell by more than 6%.
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Moving on to popular stocks, the scene is even more colorful. Large technology stocks experienced mixed performances; Apple rose by 0.86% and also released the iMac with the M4 chip, marking the official debut of its first AI features, which is a significant event in the tech world. Just like in our daily lives, every new tech product launch captures everyone's attention and sparks discussions. Netizens also expressed their anticipation, saying, "Apple's AI features are very exciting, and we hope they will bring more convenience to our lives." Meanwhile, Nvidia fell by 0.72%, Microsoft by 0.36%, each with its own market performance.
Chinese concept stocks also performed well, with the Nasdaq Golden Dragon China Index rising by 4.05%, reaching its highest level since October 15th. Miniso rose by 10.51%, and NIO increased by 10.46%; these companies shine like bright stars in the US stock market. This also indicates that Chinese concept stocks have strong competitiveness and development potential in the international market.
There is also news from some companies worth noting. For example, Meta is developing an artificial intelligence search engine, attempting to reduce its dependence on Google and Microsoft, akin to a brave challenger seeking its own footing in the search engine domain. Eli Lilly's IL-23 inhibitor, Omvoh, showed long-term efficacy in trials for treating ulcerative colitis and Crohn's disease, bringing a glimmer of hope to patients.
In such a complex and volatile US stock market, every change may affect investors' decisions and returns.
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