US Stock Market Monday: Popular Chinese concept stocks fluctuate, with JD.com rising more than 2%

On October 17th, it was reported that on Monday, US time, the main stock indexes of the US stock market closed higher. Investors are preparing for the full start of the financial reporting season, as safe haven trading triggered by the Middle East conflict began to cool down last week

On October 17th, it was reported that on Monday, US time, the main stock indexes of the US stock market closed higher. Investors are preparing for the full start of the financial reporting season, as safe haven trading triggered by the Middle East conflict began to cool down last week.

The Dow Jones Index closed at 33984.54 points, up 314.25 points, or 0.93%; The Standard&Poor's 500 Index closed at 4373.63, up 1.06%; The Nasdaq Index closed at 13567.98, up 1.20%.

Most large technology stocks rose, with Amazon and Meta gaining over 2%, while Google, Microsoft, and Netflix gaining over 1%; Apple fell by less than 1%.

Most of the leading chip stocks rose, with ARM and Broadcom rising by over 2%, while NVIDIA, Intel, Qualcomm and others rose by over 1%.

Most popular new energy vehicle stocks rose, with Tesla rising 1.12%, Rivian rising 1.87%, and Faraday rising 2.86% in the future; NIO rose 0.59%, Xiaopeng fell 4.89%, and Ideal fell 2.27%.

Among the leading e-commerce stocks in China, Alibaba rose 0.35%, JD.com rose 2.18%, and Pinduoduo fell 0.74%.

Among other popular Chinese concept stocks, Zhihu rose 1.98%, Ctrip rose 1.73%, Manbang rose 1.33%, New Oriental rose 0.72%, BOSS Direct Employment rose 0.19%, Bilibili fell 0.29%, Autohome fell 0.28%, and Baidu fell 0.22%.

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:

On Monday, US time, traditional safe haven assets, including gold, the US dollar and US treasury bond bonds, all fell. The price of US treasury bond bonds fell, and the yield of 30-year US treasury bond rose again.

Eric Sterner, Chief Investment Officer of Apollo Wealth Management, said over the phone that despite the ongoing conflict in the Middle East, US stocks continued to rise on Monday "because people believe that the war has not yet had a significant impact on the US market unless the war escalates". He also predicts that American companies will emerge from the recent profit recession.

Last Friday, several major Wall Street companies released financial reports, and the third quarter financial reporting season started well. The financial reports of large technology companies, including Netflix and Tesla, will be released starting on Wednesday local time.

But analysts and investors say the unease surrounding the prospect of a broader war in the Middle East may still be at least a background concern.

Matt Gertken, Chief Geopolitical Strategist at investment consulting firm BCAR Research, said that there is a 70% chance that Israel's war with Hamas will attract armed groups from Lebanon or Syria, or lead to direct conflict with Iran, resulting in more oil supply disruptions than financial markets currently believe.

Last week, the Nasdaq index fell by a cumulative 0.2%. However, the Dow Jones index broke the three consecutive weeks of decline, while the S&P 500 index rose for the second consecutive week. (Liu Chun)