US stock market Thursday: The three major stock indices collectively rose, with Tesla "10 consecutive gains" and iQiyi up over 5%

On June 9th, it was reported that on Thursday US time, the main stock indexes of the US stock market closed higher, pushing the S&P 500 index out of the bear market. Investors are paying attention to the Fed's next steps

On June 9th, it was reported that on Thursday US time, the main stock indexes of the US stock market closed higher, pushing the S&P 500 index out of the bear market. Investors are paying attention to the Fed's next steps.

The Dow Jones Index closed at 33833.61 points, up 168.59 points, or 0.50%; The Standard&Poor's 500 Index closed at 4293.93, up 0.62%; The Nasdaq Index closed at 13238.52, up 1.02%.

Large technology stocks generally rose, with Amazon and Netflix up more than 2%, and Apple up more than 1%; Google fell by less than 1%.

Most leading chip stocks rose, with Nvidia and AMD up more than 2%, and Intel, Qualcomm and Broadcom up more than 1%.

Popular stocks of new energy vehicles generally rose, with Tesla rising 4.58%, having risen for ten consecutive trading days, setting a record for the longest consecutive rise in over two years; Rivian rose 1.66% and Faraday Future's future fell 7.60%; NIO rose 0.39%, Xiaopeng rose 0.95%, and Ideal rose 0.66%.

Among the leading Chinese e-commerce stocks, Alibaba rose 1.01%, JD rose 0.78%, and Pinduoduo rose 3.35%.

Among other popular Chinese concept stocks, iQiyi rose 5.65%, Ctrip rose 5.42%, New Oriental rose 3.43%, Man Bang rose 2.93%, Zhihu rose 2.86%, Bilibili rose 1.53%, BOSS Direct Employment rose 0.88%, and Baidu rose 0.46%.

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:

The number of first applications for unemployment benefits in the United States surged to its highest level since October 2021 last week, boosting the technology industry. Previously, the technology industry had been sluggish due to market speculation that the Federal Reserve would maintain high interest rates for an extended period of time. The significant increase in the number of first-time applicants for unemployment benefits in the United States indicates that although the US labor market is basically elastic, it is beginning to show signs of cooling down.

Emily Roland, co chief investment strategist at investment management firm John Hancock, said in a media interview: "In terms of the number of first-time applicants for unemployment benefits, it is still at a relatively low level. But perhaps the fact that this data is rising every week provides more reasons for the Federal Reserve to suspend interest rate hikes next week

After the unexpected interest rate hikes by the central banks of Australia and Canada this week, investors are reassessing the policy direction of the Federal Reserve. However, some analysts suggest that market volatility based on these central bank measures should subside.

Krishna Guha, an analyst at market research firm Evercore ISI, said, "The Federal Reserve is the price setter, and other institutions are the price receivers. We should not confuse the two. They are raising interest rates, partly because they believe the Federal Reserve will raise rates again, and if they fail to keep up, they will face the risk of exchange rate depreciation

(Liu Chun)