On Monday, US time, the main stock indexes of the US stock market closed and rose across the board. The 10-year Treasury yield broke above 3 percent, with some investors seeing it as a sign that the bond market sell-off may be over.
The Dow Jones closed at 33,061.50, up 84.29 points, or 0.26 percent, and fell 527 points intraday; the S&P 500 closed at 4,155.38, or 0.57 percent; and the Nasdaq composite closed at 12,536.02, or 1.63 percent.
Big tech stocks rose generally, with Meta up more than 5 percent and Netflix up more than 4 percent.
Chip leading stocks generally rose, with NVIDIA and AMD rising more than 5%, and Intel, Qualcomm and Broadcom rising more than 3%.
Electric vehicle stocks rose generally, tesla rose 3.70%, Rivian rose 4.96%, Faraday future rose 1.55%; NIO rose 4.79%, Xiaopeng rose 3.17%, ideally rose 4.01%.
Chinese e-commerce stocks generally rose, with Alibaba up 4.24%, JD.com up 2.77%, and Pinduoduo up 3.64%.
Chinese online education stocks generally rose, good future up 9.14%, gaotu up 6.92%, NetEase Youdao rose 4.58%, New Oriental rose 2.55%.
Other popular Chinese stocks rose generally, with Manbang up 9.78%, Zhihu up 7.10%, Didi up 5.85%, Baidu up 2.97%, Douyu up 1.69%, BOSS Direct up 0.81%, and Bilibili up 0.49%.
Specifically, the major technology stocks in the US stock market performed as follows:
The performance of the main chip stocks in the US stock market is as follows:
The performance of the major Chinese stocks listed in the United States is as follows:
U.S. stocks were hit hard in April, with the Dow falling 4.9 percent, the S&P 500 down 8.8 percent and the Nasdaq down 13.3 percent. The Dow and Indexes created the worst month of April since 1970, and the NASDAQ created its worst month of Performance since 2000.
On Monday, U.S. time, the 5- to 30-year Treasury yield closed at 3% or more for the first time since November 9, 2018. The 10-year Treasury yield rose 11 basis points to 2.995%. When investors sell U.S. Treasuries, their yields rise.
Edward Moya, a senior market analyst at securities brokerage Oanda, said: "When the 10-year Treasury yield breaks above 3%, it suggests that the sell-off in the bond market has peaked and may not continue until we get more signals from the Fed." The Fed will release its latest monetary policy statement on Wednesday local time.
Investors are closely watching the Fed's statement, which is expected to raise rates by 50 basis points for the first time in nearly 22 years. According to the CME Federal watch Tool, federal fund futures traders also believe there is an 86 percent chance of a Fed rate hike of 75 basis points in June, up from 19 percent a month ago.
The U.S. Manufacturing Activity Index released Monday by the Institute for Supply Management (ISM) reflects huge inflationary pressures in the United States, as well as widespread supply and labor bottlenecks. The U.S. ISM Manufacturing Activity Index fell 1.7 points to 55.4 percent in April and showed the industrial sector's slowest pace in nearly 18 months.
Oanda analyst Moya said: "The US economic data is weak, we are entering a period of calm, and the stock market will consolidate from now on. ”