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US stock market Monday: All three major stock indices rose, with JD.com and Baidu up more than 6%

On May 16th, it was reported that on Monday, US time, the main stock indexes of the US stock market closed slightly higher, and the Dow ended its five consecutive days of decline. Investors continue to focus on negotiations to raise the US government's debt ceiling

On May 16th, it was reported that on Monday, US time, the main stock indexes of the US stock market closed slightly higher, and the Dow ended its five consecutive days of decline. Investors continue to focus on negotiations to raise the US government's debt ceiling.

The Dow Jones Index closed at 33348.60 points, up 47.98 points, or 0.14%; The Standard&Poor's 500 Index closed at 4136.28, up 0.30%; The Nasdaq Index closed at 12365.21, up 0.66%.

Large technology stocks fluctuated, with Apple, Google, and Netflix falling, with Netflix falling more than 1%; Amazon, Microsoft, and Meta rose, with Meta rising by over 2%.

Leading chip stocks generally rose, with Micron increasing by over 6%, Applied Materials increasing by over 4%, and TSMC, NVIDIA, Intel, Qualcomm and others increasing by over 2%.

Most popular new energy vehicle stocks rose, with Tesla falling 0.97%, Rivian rising 4.11%, and Faraday rising 12.14% in the future; NIO rose 3.77%, Xiaopeng fell 0.20%, and Ideal rose 1.90%. According to media reports, Faraday will appoint senior financial executive Edward Darwick as the company's head of financial operations, effective immediately.

Among the leading e-commerce stocks in China, Alibaba rose 3.52%, JD.com rose 6.71%, and Pinduoduo rose 4.34%.

Among other popular Chinese concept stocks, Bilibili rose 7.52%, Zhihu rose 7.04%, Baidu rose 6.28%, BOSS Direct Employment rose 6.14%, iQiyi rose 5.48%, Manbang rose 4.99%, New Oriental rose 4.29%, and Ctrip rose 3.60%.

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:

US Treasury Secretary Janet Yellen reiterated on Monday evening that if the debt ceiling is not raised, the US will default on its debt as early as June 1st; The unconventional measures taken under the current debt ceiling may be exhausted as early as June 1st.

A measure of manufacturing activity in New York State experienced its largest decline in more than three years in May due to a sharp decline in orders and shipments. The manufacturing index in New York fell to -31.8 in May, and a reading below zero indicates economic contraction.

Bloomberg US Chief Economist Anna Wong said that although US inflation has not been reassuring, this week's data may further highlight the weakness of the US economy, making the Fed's dovish voice more firm.

Chris Larkin, Managing Director of Morgan Stanley E-Trade Trading, warned: "Debt default may not be the most likely scenario, but any prolonged debate or unexpected developments could trigger higher volatility

Tag: stock US market Monday All three major indices rose


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