US stock market Thursday: Popular Chinese concept stocks generally fell, while Alibaba fell more than 5%

On May 19th, it was reported that on Thursday, US stocks closed with major stock indices rising across the board, led by tech stocks. The news is that US lawmakers have made progress in debt ceiling negotiations, allowing the United States to avoid its first default in history

On May 19th, it was reported that on Thursday, US stocks closed with major stock indices rising across the board, led by tech stocks. The news is that US lawmakers have made progress in debt ceiling negotiations, allowing the United States to avoid its first default in history.

The Dow Jones Index closed at 33535.91 points, up 115.14 points, or 0.34%; The Standard&Poor's 500 Index closed at 4198.05, up 0.94%, reaching a new closing high since August 29, 2022; The Nasdaq Index closed at 12688.84, up 1.51%, reaching a new closing high since August 22, 2022.

Large technology stocks generally rose, with Netflix up over 9%, reaching a new closing high since April 6, 2022; Amazon rose by over 2%, while Apple, Google, Microsoft, and Meta rose by over 1%. Netflix executives stated that the launch of the low-cost advertising package has achieved good results, with monthly active users reaching 5 million.

Leading chip stocks generally rose, with Nvidia rising nearly 5%, reaching a new closing high since December 9, 2021; AMD and Micron rose by over 4%, while Asma, Broadcom, and Applied Materials rose by over 3%.

Most popular new energy vehicle stocks fell, with Tesla rising 1.74%, Rivian rising 0.97%, and Faraday falling 14.20% in the future; NIO fell 2.62%, while Xiaopeng fell 4.70%; Ideal fell by 0.59%.

Among the leading e-commerce stocks in China, Alibaba fell 5.41%, JD.com fell 4.12%, and Pinduoduo fell 7.30%.

Among other popular Chinese concept stocks, Autohome fell 6.00%, Baidu fell 4.43%, BOSS Direct Employment fell 4.16%, Man Bang fell 2.81%, Zhihu fell 2.47%, New Oriental fell 2.19%, Bilibili fell 1.72%, and Ctrip fell 0.53%.

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:

Kevin McCarthy, Speaker of the US House of Representatives, and Chuck Schumer, Senate Majority Leader, plan to vote on a bipartisan agreement to avoid a US debt default in the next few days. Patrick McHenry, Chairman of the Financial Services Committee of the United States House of Representatives, stated that the two sides are "not yet close to reaching an agreement".

Dan Clifton, policy research director at market research firm Strategas, said, "In the coming days, we may see some volatility in the stock market around negotiations. Negotiators not only need to quickly reach an agreement, but also strive to reach a complete agreement, which only requires raising the debt ceiling once

The Federal Reserve's swap data shows that the likelihood of the Fed raising interest rates in June has increased to around 40%. The two-year US Treasury yield, which is more sensitive to policies, has exceeded 4.2%, climbing to the highest level in a month. The market speculates that due to high inflation, the Federal Reserve will need to maintain interest rates at a higher level for a longer period of time. (Liu Chun)