US stocks on Tuesday: Tesla rose more than 4%, while Chinese concept stocks generally fell

On May 31st, it was reported that on Tuesday, US stocks closed with mixed gains and losses in major stock indices, with the prospect of artificial intelligence technology driving technology stocks higher. Investors are concerned about whether the US debt ceiling agreement can be passed quickly in Congress and whether the Federal Reserve will further raise interest rates

On May 31st, it was reported that on Tuesday, US stocks closed with mixed gains and losses in major stock indices, with the prospect of artificial intelligence technology driving technology stocks higher. Investors are concerned about whether the US debt ceiling agreement can be passed quickly in Congress and whether the Federal Reserve will further raise interest rates.

The Dow Jones Index closed at 33042.78, down 50.56 points, or 0.15%; The Standard&Poor's 500 Index closed at 4205.52, up 0.07 points, basically unchanged from the previous trading day; The Nasdaq Index closed at 13017.43, up 0.32%.

Large technology stocks fluctuated, with Apple, Amazon, Meta, and Netflix rising, with Netflix rising more than 3%, while Apple and Amazon rose more than 1%; Google and Microsoft both fell by less than 1%.

Leading chip stocks have fluctuated, with Intel, Nvidia, and Qualcomm rising. Qualcomm has risen by over 5%, Intel has risen by over 3%, and Nvidia has risen by nearly 3%. After the opening of the US stock market, NVIDIA's stock price rose 3.8% to $404.25 per share, with a market value of approximately $1 trillion. At the end of the trading day, its market value fell to $991.997 billion.

Popular stocks of new energy vehicles have fluctuated, with Tesla rising 4.14%, Rivian falling 1.78%, and Faraday rising 13.50% in the future; NIO fell 3.77%, while Xiaopeng fell 4.02%; Ideal increase of 3.52%.

Among the leading e-commerce stocks in China, Alibaba fell 2.84%, JD.com fell 3.02%, and Pinduoduo fell 5.31%.

Among other popular Chinese concept stocks, BOSS Direct Hire fell 5.33%, Autohome fell 4.23%, Baidu fell 1.95%, Bilibili fell 1.89%, Zhihu fell 0.97%, Manbang fell 0.68%, Ctrip fell 0.35%, and New Oriental fell 0.16%.

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:

After US President Biden and House Speaker McCarthy reached an agreement on the debt ceiling, investors are concerned about whether the agreement can be quickly passed in the US Congress. US Treasury Secretary Yellen announced last week that by June 5th, the US government will have exhausted all its ability to pay bills.

Ed Mills, a Washington policy analyst at Raymond James, a US investment bank, said the bill is highly likely to pass. He said, "Because the other option is so bad, we still believe that lawmakers who have not yet made a decision will vote in favor of this agreement to get it passed

But he added that avoiding default is not the ultimate outcome of the story. He said. Equally important are the content of the agreement and its impact on the market, which may be the resistance investors face

Padhraic Garvey, head of research for the Americas at Dutch International Group, pointed out that the impact of the debt ceiling is not the only concern for investors. He stated in a telephone interview that investors are also concerned about inflation in the United States, as the Personal Consumption Expenditure (PCE) index released last week looks "unsettlingly high", which may prompt the Federal Reserve to raise interest rates again. (Liu Chun)