US stock market Monday: Apple hit its highest closing price in history, while Tesla rose for 12 consecutive days

On Monday, June 13th, US time, major stock indexes in the US closed higher, with the S&P 500 and Nasdaq reaching their highest levels in over a year. Investors are waiting for the release of US inflation data this week and the Federal Reserve's decision on interest rates

On Monday, June 13th, US time, major stock indexes in the US closed higher, with the S&P 500 and Nasdaq reaching their highest levels in over a year. Investors are waiting for the release of US inflation data this week and the Federal Reserve's decision on interest rates.

The Dow Jones Index closed at 34066.33 points, up 189.55 points, or 0.56%; The Standard&Poor's 500 Index closed at 4338.93, up 0.93%; The Nasdaq Index closed at 13461.92, up 1.53%.

Large technology stocks generally rose, with Amazon and Meta rising more than 2%, while Apple, Google, and Microsoft rose more than 1%. Apple has reached its highest closing price in history, with a total market value of $2.89 trillion, just one step away from the $3 trillion mark.

Leading chip stocks generally rose, with Broadcom rising by more than 6%, Intel by more than 5%, TSMC by more than 4%, and Nvidia and other companies by more than 1%.

Most popular stocks of new energy vehicles rose, with Tesla rising 2.22%; Rivian rose 0.94% and Faraday Future's future fell 3.51%; NIO rose 8.67%, Xiaopeng rose 11.16%, and Ideal fell 1.98%. Tesla has risen for twelve consecutive trading days, setting a record for the longest consecutive rise since its listing. The official WeChat account of XPeng announced that there were more than 25000 users of Xiaopeng G672 hour reservation.

Among the leading Chinese e-commerce stocks, Alibaba rose 0.42%, JD rose 0.33%, and Pinduoduo fell 0.01%.

Among other popular Chinese concept stocks, iQiyi fell 5.08%, New Oriental fell 4.29%, Ctrip fell 2.62%, Manbang fell 1.79%, Zhihu fell 2.73%, Baidu fell 0.62%, BOSS Direct Employment fell 0.20%, and Bilibili rose 1.12%.

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 stocks continued their recent upward trend. However, this week is full of potential risks, and investors' optimism carries a cautious tone. This week, there will be the release of the US Consumer Price Index (CPI) and Producer Price Index (PPI), the decisions of the three major central banks worldwide, and the May US retail sales report.

Chris Larkin, Managing Director of Trading and Investment at Morgan Stanley E-TRADE, said in a comment: "The market may have had a slight holiday last week, but it may return to normal this week - the latest inflation data, Federal Reserve interest rate decisions, and retail data will all hit Wall Street

The May CPI index of the United States will be released on Tuesday local time. Investors will hope to see a further decline in the annual CPI inflation rate, which economists expect to fall to 4%. In June last year, the annual inflation rate of the US CPI reached 9.1%, reaching a nearly 41 year high. In April this year, it dropped to 4.9%.

Such a decline may solidify market expectations that the Federal Reserve will pause rate hikes after its meeting on Wednesday local time, keeping interest rates unchanged in the range of 5% to 5.25%. In addition to the Federal Reserve, the European Central Bank and the Bank of Japan will release announcements on Thursday and Friday, respectively. The former is expected to raise interest rates by an additional 25 basis points, while the latter is expected to maintain interest rates unchanged.

Last week, the S&P 500 index rose 0.4%, the Dow Jones index rose 0.3%, and the Nasdaq index rose 0.1%. (Liu Chun)