The three major U.S. stock indexes rose five times in a row, and spot gold once rose to $2,236, hitting a new all-time high!
Edited by: Du Yu
The three major U.S. stock indexes closed mixed, all recording five consecutive monthly gains. The Dow rose 0.12%, the S&P 500 rose 0.11%, and the Nasdaq fell 0.12%. Among them, the S&P 500 and the Dow both hit record closing highs.
Monthly chart of the three major U.S. stock indexes
Big tech stocks were mixed, with Tesla falling more than 2%; Meta fell more than 1%, Netflix and Microsoft fell slightly, and Intel, Nvidia, Google, and Amazon rose slightly.
Apple (APPL) is trading at $171.48, down 1.06%, with a market capitalization of $2.6 trillion. On March 28, local time, the media quoted well-known technology sources as saying that Apple plans to officially release the upgraded version of the new iPad Pro and iPad Air in early May, of which the Pro model will be equipped with a clearer OLED display, and the iPad Air will launch a 12.9-inch screen option for the first time. OLED (organic light-emitting diode) is a display technology that offers more vibrant colors and deeper blacks to enhance the viewing experience.
In addition, Apple's overseas suppliers have ramped up production of the highly anticipated new iPad ahead of its release in May.
There have been about 18 months since the iPad was last updated, and this gap has led to weak demand for tablets as a whole. Although iPad sales have risen during the pandemic, Apple has seen a decline in iPad sales over the past two fiscal years, each ending in September. During the recent holiday season, when iPads were usually a welcome gift, sales saw another 25% year-over-year decline.
This iPad update may end the iPad's 18-month history of not releasing a new model. And, Apple hopes that the new iPad, with faster processors and new accessories, will rekindle interest in tablets and boost tablet sales.
Most of the popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.30%. iQiyi rose more than 5%, Bilibili, Tencent Music, and Alibaba rose more than 1%, and Futu Holdings, JD.com, Vipshop, Li Auto, and Baidu rose slightly. Weibo fell more than 4%, Weilai fell more than 3%, Xiaopeng Motors and Full Bang fell more than 1%, and Pinduoduo and NetEase fell slightly.
At the end of the U.S. session, spot gold rose more than $10 in the short term, updating the all-time high to $2,236 per ounce, and closed at $2,232.78 per ounce as of March 28, an increase of 1.74%
According to the Securities Daily, many analysts believe that the strong trend of this round of international gold prices is due to many factors, including macro fluctuations in overseas markets and risk aversion.
Galaxy Futures precious metals researchers believe that "the rise in international gold prices, on the one hand, is that the recent U.S. macroeconomic data is not in line with expectations, on the other hand, the market risk aversion caused by Fitch's downgrade of some banks in New York, etc., at the same time, the global central banks continue to buy gold to continue to raise the gold price center." Therefore, the international gold price has created a round of upward trend under many favorable factors. ”
Li Hui, deputy manager of the investor advisory department of Zhongyan Futures, believes that "the rise in international gold prices is mainly due to the decline in the Fed's interest rate cut expectations triggered by the latest economic data in the United States. At the same time, the market expects liquidity to be tight. ”
Daily economic news, comprehensive securities daily, public information