The U.S. stock index closed higher than 2% on Wednesday, but the major U.S. stock index rose more than 2% on Friday Investors assessed the room for further declines in US stocks and the Fed's ability to control inflation. The Dow Jones index closed at 32196.66, up 466.36 points, or 1.47%; The standard & Poor's 500 index closed at 4023.89, up 2.39%; The NASDAQ index closed at 11805, up 434.04 points, or 3.82%, the largest one-day percentage increase since November 4, 2020.
Large tech stocks generally rose, Naifei rose more than 7%, Amazon rose more than 5%, Apple And meta rose more than 3%. Apple walked out of the bear market range with Friday's rise.
Meanwhile, twitter shares plunged 9.7% against the market. Tesla CEO Elon Musk announced the suspension of the acquisition of twitter, waiting for more details about the platform's false account.
Leading chip stocks generally rose, with NVIDIA and AMD up more than 9% and micron up more than 6%.
Electric vehicle stocks generally rose, Tesla rose 5.71%, rivian rose 9.88% and Faraday rose 21.18% in the future; Weilai rose 9.24%, Xiaopeng rose 11.32%, and the ideal rose 8.45%.
Zhonggai e-commerce stocks generally rose, with Alibaba up 8.51%, jd.com up 5.92% and pinduoduo up 10.20%.
Other popular Chinese concept stocks generally rose, including BiliBili rose 8.94%, baidu rose 8.40%, douyu rose 6.52%, manbang rose 4.67%, boss direct employment rose 4.48%, Zhihu rose 3.03% and didi rose 2.05%.
Specifically, the performance of Chinese and American technology stocks is as follows:
The main chip stocks in US stocks are as follows:
The main Chinese concept stocks listed in the United States are as follows:
Brendan Connaughton, founder and executive partner of catalyst private wealth, an investment company, said Friday's rally reflected a "jagged trend" as the market looked for a bottom.
Some analysts believe that after the recent decline, the stock market will at least have a short-term rebound. However, they warned that the downward trend could remain tenacious.
In an interview with the media on Thursday evening, Federal Reserve Chairman Powell warned that whether the Federal Reserve has the ability to tighten policy without plunging the economy into a serious downturn does not entirely depend on policymakers.
It depends on whether we can achieve a soft landing, so we can't control it
Among other economic data released on Friday, the U.S. University of Michigan consumer confidence index was 59.1 in May, compared with 65.2 in April, the lowest level in more than a decade. Economists had expected the figure to be 64.1.
This week, the Dow Jones index fell 2.1%, the S & P 500 index fell 2.4% and the NASDAQ index fell 2.8%. According to Dow Jones market data, the S & P 500 index fell for the sixth consecutive week, the largest consecutive decline since June 2011. The NASDAQ index also fell for the sixth consecutive week, the longest consecutive decline since November 2012.