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Tech stocks rebounded on Tuesday: Tesla surged nearly 20%, pinduoduo rose more than 12%

Use wechat to scan QR code < / P > < p > to share with friends and circle of friends < / P > < p > us time Tuesday, < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E7%BE%8E%E8%82%A1 "> U.S. stocks < / a > closed higher because the fall in U.S. Treasury yields caused investors to turn back to the frustrated < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%A7%91%E6%8A%80%E8%82%A1 "> technology stocks < / a >. < / P > < p > the Dow Jones index closed at 31832.74, up 30.30 points, or 0.10%, while it once rose more than 300 points, reaching a mid day high; the standard & Poor's 500 index closed at 3875.44, up 1.42%; the Nasdaq composite index closed at 13073.82, up 3.69%, the biggest one-day gain since November this year.

Tesla < / a > < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E8%82%A1%E4%BB%B7 "> share price < / a > rose 19.6% after falling for five consecutive days, the biggest one-day rise since February 2020. Apple and Facebook both rose more than 4%, while Microsoft and Netflix both rose at least 2.5%. Amazon grew by 3.8%. The Nasdaq composite index, dominated by technology stocks, rose 4.3% during the day. < / P > < p > specifically, in the trading of U.S. stocks on Tuesday, technology leading stocks generally rose, with Apple's share price closing at $121.08, up 4.06%; Google's parent company alpha's share price closing at $2052.70, up 1.41%; Amazon's share price closing at $3062.85, up 3.76%; Microsoft's share price closing at $233.78, up 2.81%; Facebook closed at $265.74, up 4.09%; Oracle closed at $72.64, up 0.67%; IBM closed at $124.18, down 0.50%; Netflix closed at $506.44, up 2.66%; Tesla closed at $673.58, up 19.64%; twitter rose 6.36%, Uber rose 3.85%; LYFT fell 3.06%. < / P > < p > the leading chip stocks in US stocks rose collectively, with TSMC closing at US $116.38, up 2.15%; NVIDIA closing at US $500.81, up 8.03%; Intel closing at US $62.67, up 4.71%; ASMC closing at US $539.52, up 7.43%; Qualcomm closing at US $129.11, up 4.80%; Broadcom closing at US $443.60, up 5.31%; Texas Instruments closing at US $170.36, up 5.09% %Amd rose 6.18% to $78.53, applied materials rose 8.08% and Meguiar technology rose 5.00%. < / P > < p > major Chinese concept stocks listed in the United States generally rose, with Netease closing at US $110.68, up 8.42%; Alibaba closing at US $238.14, up 5.05%; Jingdong closing at US $89.53, up 4.89%; Baidu closing at US $264.28, up 13.58%; pinduoduo closing at US $154.18, up 12.05%; Weilai closing at US $41.35, up 17.44%; Xiaopeng auto closing at US $29.97, up 12.05% 11.33%; ideal auto closed at US $23.08, up 8.20%; BiliBili closed at US $107.40, up 8.94%; tal closed at US $75.75, up 10.04%; iqiyi closed at US $27.09, up 5.16%; learn from others, close at US $88.62, up 3.12%; Weibo rose 2.22%; Ctrip rose 2.60%; Auto home fell 2.70%; jinshanyun rose 7.22%; Lujin rose 2.02%. The yield on the 10-year Treasury note fell more than five basis points to 1.54% on Tuesday, compared with 1.62% on Monday. < / P > < p > in a report, Adam crisafulli, founder of vital knowledge, a market research firm, said: "after the sharp setback in the past few weeks, growth / momentum stocks are going up explosively because of investors' concerns about < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%BE%8E%E5%80%BA "> the view of US bond yield has improved and started to buy the most popular sector in the past." < / P > < p > < p > the NASDAQ index fell 2.4% in the previous trading day, closing more than 10% lower than its peak on February 12, entering a correction range. High growth companies have been under pressure recently, as rising US bond yields make their future profits less valuable today, making it difficult to justify the overvaluation of these stocks. < / P > < p > many popular technology stocks have fallen by double digits in the past month due to concerns about rising US bond yields. Even with the rebound on Tuesday, Apple's shares have fallen more than 10% in the past month, while Tesla's shares have fallen 20%. "A lot of technology stocks are oversold in the short term," said Matt Maley, chief market strategist at Miller Tabak, an investment firm. So it's not too surprising to see them rebound strongly. The question will be whether this rebound is strong enough. " (Liu Chun)


2023-03-22 10:04:29