US stock market:All three major US stock indexes closed higher together, with the S&P setting a new all-time high. Finally, the Dow Jones Industrial Average rose 130.30 points from the previous trading day to close at 38,791.35 points, an increase of 0.34%; The Nasdaq Composite Index rose 241.83 points, It closed at 16273.38 points, an increase of 1.51%; The S&P 500 stock index rose 52.60 points to close at 5157.36 points, an increase of 1.03%.
Technology stocks rose broadly across the board. Nvidia rose more than 4% and continued to reach new highs Its market value reached US$2.32 trillion, less than US$300 billion behind Apple.Meta and Intel rose more than 3%. by more than 2%. Amazon, Microsoft, Te Tesla rose more than 1%. Semiconductors, metal raw materials, and blockchain sectors were among the top gainers. ASE Semiconductor rose nearly 10%, ON Semiconductor and Microchip Technology rose more than 6%, TSMC rose more than 5%, and its stock price rose the level highest ever. , Broadcom, and ASML, Southern Copper, Century Aluminum rose more than 4%, Arm, Micron Technology, and STMicroelectronics rose more than 3%. The cruise ship, solid-state battery, and packaged food sectors fell, with Carnival Cruise Line down more than 2%, and Kraft Heinz and General Mills down more than 1%. Gains and losses were mixed diet pill concept stocks Biotech company Viking Therapeutics fell nearly 19%, and Novo Nordisk closed nearly 9% at $135.92, setting a record high after two days of trading.
In terms of financial reports, Broadcom’s stock price fell more than 4% after the market opened, and its revenue from semiconductor solutions in the first fiscal quarter was lower than expected; after the market opened, Broadcom’s stock price fell more than 4% , and the company’s total revenue in the fiscal second quarter was lower than expected.
Popular Chinese concept stocks had mixed gains and losses, with China’s Nasdaq Gold Dragon Index down 0.86%. Tencent Music rose more than 7%, Weibo and NetEase rose more than 2%, iQiyi rose nearly 1%, and Pinduoduo and NIO rose slightly. Manbang fell more than 5%, Li Auto and JD.com fell more than 3%, Bilibili, Alibaba, Baidu, Xpeng Motors and Vipshop fell more than 1%, and Futu Holdings fell slightly.
European stock market:All three major European stock indexes rose that day. The Financial Times 100 stock average price index of the London stock market closed at 7692.46 points on the 7th, an increase of 13.15 points or 0.17% from the previous trading day. The CAC40 index of the Paris stock market in France closed at 8016.22 points, an increase of 61.48 points or 0.77% from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 17842.85 points, an increase of 126.14 points or 0.71% since the previous trading day.
Commodity market:US oil fell At the end of the day, the price of light crude oil futures for April delivery on the New York Mercantile Exchange fell 20 cents to close at $78.93 a barrel, down 0.25%; London Brent crude oil futures for May Delivery Prices closed at $82.96 per barrel, unchanged from the previous session. The price of April gold, the most actively traded gold futures market on the New York Mercantile Exchange, rose $7 on the 7th to close at $2,165.2 an ounce, an increase of 0.32%.
The following is a summary of important information about the global market:
Overnight news
With a 7% deposit loss in one month, will NYCB follow in the footsteps of Silicon Valley Bank?
On Thursday, Eastern Time, New York Community Bank (NYCB) announced that between February 5 and March 5, customers withdrew a total of approximately US$6 billion in deposits, accounting for 7% of total deposits, and on it currently has 772 billion in deposits.
Authoritative organizations predict: By 2027, the cost of producing electric vehicles will be lower than the cost of fuel vehicles
The latest forecast released by global information technology research and advisory firm Gartner on Thursday (March 7) shows that as manufacturing methods continue to reduce production costs, the average production cost of pure electric vehicles will be lower than a similar internal combustion engine by 2027. Gartner said that in 2024, automakers will continue to adapt to the changes caused by software and electrification, thereby creating a new stage for the electric vehicle industry.
Sweden officially joins NATO! More than 200 years of neutrality policy ended
On Thursday local time, Sweden officially joined NATO (NATO) and became the 32nd member state. Almost two years have passed since Sweden first applied to join the military alliance. Earlier that day, the Swedish government held a press conference to express its approval of Sweden’s membership in NATO. The Prime Minister of Sweden, Kristersson, presented Sweden’s documents for NATO membership to US Secretary of State Blinken, the custodian of NATO documents. This is the last step in joining the Agreement.
Members of Congress are firing on all cylinders, and Powell is a bit overwhelmed
On Thursday, Eastern Time, Federal Reserve Chairman Powell visited Capitol Hill again and attended the US Senate’s semi-annual monetary policy report hearing as scheduled. After the usual reading of his testimony, Powell began answering various questions from lawmakers.
The European Central Bank remains “standstill” but a downward revision of its inflation forecast could pave the way for a “first cut”
On Thursday (March 7) local time, the European Central Bank announced its latest interest rate decision, keeping its three key interest rates unchanged for the fourth consecutive meeting. However, the bank lowered its inflation and growth forecasts, which could pave the way for a “first reduction” in the first half of this year.
The new drug is much more effective than Wegovy! Novo Nordisk shares surge over 8% after publishing early trial data
On Thursday (March 7) local time, Danish pharmaceutical giant Novo Nordisk published early trial data of its new experimental weight loss drug amycretin. Compared to the already famous Wegovy, amycretin has a weight loss effect better weight. Buoyed by this news, Novo Nordisk stocks in the US opened soaring more than 8% on Thursday, and the stock is up 30% so far this year.
Novo Nordisk officially announced that it is focusing on the field of cardiovascular diseases and aims to recreate the glory of the “miracle weight loss drug”
On Thursday (March 7) local time, Danish weight loss drug giant Novo Nordisk held a “Capital Markets Day” (CMD) event to report to the outside world on the latest progress of the company’s 2025 strategic vision. It is worth noting that this is also the first strategic update of the company since the popularity of the weight loss drug “Wegovy”. Novo Nordisk CEO Lars Fruergaard Jorgensen said while receiving investors and analysts at its headquarters in Denmark that the company is expanding its focus on diabetes, weight loss therapies and cardiovascular diseases.
Article source: Fortune Choice Oriental Data
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