US stock market on Wednesday: Nasdaq rose for four consecutive times, AMD rose nearly 10%, and Xiaopeng rose more than 7%

On November 2nd, it was reported that on Wednesday US time, major stock indices in the US closed higher, with technology stocks leading the way. The Federal Reserve maintains its benchmark interest rate unchanged while reserving the possibility of future interest rate hikes

On November 2nd, it was reported that on Wednesday US time, major stock indices in the US closed higher, with technology stocks leading the way. The Federal Reserve maintains its benchmark interest rate unchanged while reserving the possibility of future interest rate hikes.

The Dow Jones Index closed at 33274.58 points, up 221.71 points, or 0.67%; The Standard&Poor's 500 Index closed at 4237.86, up 1.05%; The Nasdaq Index closed at 13061.47, up 1.64%, marking its fourth consecutive day of gains.

Large technology stocks generally rose, with Meta gaining over 3%, Amazon, Microsoft, and Netflix gaining over 2%, and Apple and Google gaining over 1%.

Leading chip stocks generally rose, with AMD rising nearly 10% after the company released a stronger than expected third quarter financial report; NVIDIA and Micron rose by over 3%, while Intel and ARM rose by over 2%.

Most popular stocks of new energy vehicles rose, with Tesla rising 2.40%, Rivian falling 0.55%, and Faraday remaining unchanged from the previous trading day in the future; NIO rose 2.05%, Xiaopeng rose 7.04%, and Ideal rose 3.49%. In October, Xiaopeng Automobile delivered a total of 20002 new cars, a year-on-year increase of 292%, and the monthly delivery exceeded 20000 for the first time.

Among the leading e-commerce stocks in China, Alibaba fell 0.07%, JD.com fell 0.35%, and Pinduoduo rose 1.49%.

Among other popular Chinese concept stocks, Autohome fell 2.13%, Bilibili fell 1.71%, BOSS Direct Hire fell 1.49%, Ctrip fell 1.38%, Zhihu fell 1.13%, Manbang fell 0.76%, Baidu fell 0.03%, and New Oriental rose 0.99%.

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 November 1st local time, the Federal Reserve ended its two-day monetary policy meeting and announced that it would maintain the current target range of 5.25% to 5.50% for the federal funds rate, which was in line with market expectations. In its policy statement, the Federal Reserve stated that it will consider a wide range of data to "determine the extent of further appropriate policy tightening to bring inflation back to 2% over time".

We believe that this statement gives a balanced impression, "Morgan Stanley Chief US Economist and Analyst Ellen Zentner wrote in a report on Wednesday

Meanwhile, the latest data released by the Institute for Supply Management (ISM) shows that the manufacturing purchasing managers' index (PMI) in the United States was 46.7% in October, lower than the September index. A reading below 50% indicates a contraction. The US manufacturing industry has contracted for 12 consecutive months.

According to specific data released by American Automated Data Processing Company (ADP), American companies only added 113000 new jobs in October, far below the expected 150000, which may be a sign of a slowdown in the job market. (Liu Chun)