U.S. stocks close: S&P 500 index hit a new closing high for the 22nd time this year, Xiaomi ADR rose 12%
Finance Associated Press, March 29 (edited by Shi Zhengcheng) With an extremely slight increase, the S&P 500 index closed at another all-time high, drawing a relatively successful end to the trading day in the first quarter of 2024. According to statistics, Thursday was also the 22nd time this year that the index hit a new closing high.
At the close, the S&P 500 rose 0.11% to 5,254.35, the Nasdaq fell 0.12% to 16,379.46 and the Dow Jones Industrial Average rose 0.12% to 39,807.37.
The S&P 500 rose 10.16% in the first quarter, its strongest gainer since 2019. Also in the first three months of the year, the Dow rose 5.62% and the NASDAQ rose 9.11%. Since the end of October last year, the S&P 500 has completed its journey "from 4,100 to 5,200".
（标普500指数日线图，来源：TradingView）
Although the stock index has hit new highs, the week itself has not been much volatile. On the one hand, because the "small long holiday" is approaching, on the other hand, the PCE data will be released on Friday, and the hard-working Fed Chairman Powell will also speak on the first day of the holiday. Therefore, in the past four trading days, except for occasional fluctuations at the opening and end of the market, it has basically been a calm day.
Because of this, we can only rely on some event factors to support the US stock market this week, the first two days relied on Trump, and today it will be Lei Jun's turn.
With the announcement of the highly anticipated Xiaomi car (pricing) in the global market, the international market has not only noticed that the Xiaomi SU7 is $4,000 cheaper than the Model 3, but Lei Jun's repeated shouting at the press conference that "is it time for Model 3 users to upgrade" has also spread all over the world.
（来源：electrek）
As of Thursday's close, Xiaomi Group's ADR in the U.S. stock market rose 12.13%. Tesla, meanwhile, closed down 2.25%, extending its overall decline in the first quarter to 29.25%.
Coincidentally, the beginning of next week is not only the beginning of April, but also the day when major automakers disclose their latest quarterly delivery data. According to the latest analyst survey, they expect Tesla to deliver 458,500 new vehicles in the first quarter on average, and although it can maintain a year-on-year increase of slightly more than 8%, the month-on-month data will fall into a downward state.
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(Finance Associated Press, Shi Zhengcheng)