US stock market on Tuesday: Nasdaq rose by over 2%, while NVIDIA and Microsoft hit historic closing highs

On November 15th, it was reported that on Tuesday, US stocks closed with major stock indices rising significantly across the board, with the Nasdaq rising more than 2%. The mild inflation data from the United States in October has strengthened expectations for the Federal Reserve to end its interest rate hike, and investors continue to believe that the Federal Reserve will cut interest rates in 2024

On November 15th, it was reported that on Tuesday, US stocks closed with major stock indices rising significantly across the board, with the Nasdaq rising more than 2%. The mild inflation data from the United States in October has strengthened expectations for the Federal Reserve to end its interest rate hike, and investors continue to believe that the Federal Reserve will cut interest rates in 2024.

The Dow Jones Index closed at 34827.70 points, up 489.83 points, or 1.43%, marking its third consecutive day of gains; The Standard&Poor's 500 Index closed at 4495.70, up 1.91%, marking its largest daily percentage increase since April 27th of this year; The Nasdaq Index closed at 14094.38, up 2.37%, which is also the largest daily percentage increase since April 27 of this year.

Large technology stocks generally rose, with Amazon and Meta gaining over 2%, while Apple and Google gaining over 1%; Microsoft and Netflix rose nearly 1%, setting a new historical closing high for Microsoft.

Leading chip stocks generally rose, with Intel, Asma, Micron, and ARM gaining more than 3%, while TSMC, NVIDIA, and Qualcomm rose more than 2%. Nvidia has achieved ten consecutive gains, setting a new historical closing high.

Most popular stocks of new energy vehicles rose, with Tesla rising 6.12% and its market value skyrocketing by $43.6 billion overnight (approximately RMB 316.3 billion); Rivian rose 4.39%, while Faraday fell 5.42% in the future; NIO rose 4.99%, Xiaopeng rose 8.56%, and Ideal rose 0.99%.

Among the leading e-commerce stocks in China, Alibaba rose 1.96%, JD.com rose 3.73%, and Pinduoduo rose 1.62%.

Among other popular Chinese concept stocks, BOSS Direct Employment rose 5.19%, Bilibili rose 3.07%, Baidu rose 2.17%, Man Bang rose 1.72%, Zhihu rose 1.00%, Ctrip rose 0.43%, Autohome rose 0.40%, and New Oriental fell 0.01%.

Specifically, the main technology stocks in the US stock market performed as follows:

The main chip stocks in the US stock market perform as follows:

The performance of popular Chinese concept stocks listed in the United States is as follows:

The Consumer Price Index (CPI) of the United States in October remained unchanged from the previous month, as the decline in gasoline prices eased inflationary pressure, indicating that the Federal Reserve's efforts to control prices have made gradual progress. Economists had previously predicted that the US CPI would rise by 0.1% year-on-year in October.

Excluding volatile food and energy prices, the so-called core CPI rose 0.2% month on month and decreased to 4% year-on-year. Economists had previously expected a month on month increase of 0.3% and a year-on-year increase of 4.1%, and warned that there may be an unexpected upward trend.

Damanick Dantes, portfolio strategist at investment firm GlobalX, said: "The core CPI is lower than expected and prices are falling across the board. This is encouraging for the market and indicates that there is little likelihood of a rate hike in December

According to CMEGroup's Fedbatch tool, traders expect a 27% probability that the Federal Reserve will lower key interest rates in March. This proportion is higher than the previous day's 10.5%.

The lower than expected inflation also triggered the rise in the price of US treasury bond bonds, which significantly lowered the yield of long-term treasury bond. On Tuesday, US time, the yield of 10-year US treasury bond bonds fell 19 basis points, close to 4.45%. (Liu Chun)