Editor: Zhang Jinhe
On the evening of April 26, Beijing time, the U.S. stock market opened, and the three major indexes collectively opened higher. As of press time, the Dow rose 0.25%, the Nasdaq rose 1.96%, and the S&P 500 rose 0.99%.
Big tech stocks mostly rose, with Google's parent company Alphabet surging 11% to another all-time high, with a total market capitalization of $220 billion. Nvidia rose 4.81%, Amazon rose 2.80%, Microsoft rose 2.70%, Apple rose 0.64%, Meta fell 0.66%, and Tesla fell 0.94%.
Chip giant Intel plunged nearly 13%, with its stock price hitting its lowest since June 2023, and its total market capitalization falling to $130 billion, with Intel down 10.10% as of press time. On the news side, Intel announced its first-quarter earnings report. In the first quarter of 2024, Intel's revenue was $12.7 billion, up 9% year-over-year, and $15.4 billion in the previous quarter, down 17.5% quarter-on-quarter. Net income loss was $381 million.
Most of the Chinese concept stocks rose, with Xpeng Motors up 9.92%, NIO up 7.63%, Li Auto up 6.48%, Bilibili up 6.28%, JD.com up 4.84%, and iQiyi up 3.84%.
According to CCTV News, Japan's "Mainichi Shimbun" and other media reported on the 26th that in the New York foreign exchange market that day, the yen exchange rate against the US dollar once fell below 157 yen to 1 US dollar. It is a new low in about 34 years since May 1990.
As of press time, USD/JPY is trading at 157.232. According to the governor of the Bank of Japan, the impact of foreign exchange on the Japanese economy contains positive factors, and the weak yen has a positive impact on demand.
On Friday, April 26, the latest data from the U.S. Department of Commerce showed that the core PCE price index in March, which was the Fed's preferred inflation target and excludes food and energy, grew by 2.82% year-on-year, with an expectation of 2.7% and a revised value of 2.8% in the previous month. The month-on-month growth rate was 0.3%, in line with expectations and unchanged from the previous value.
The PCE price index in the United States increased by 2.7% year-on-year in March, exceeding expectations of 2.6% and the previous value of 2.5%. The month-on-month growth rate was 0.3%, in line with expectations and unchanged from the previous value.
The daily economic news is synthesized from CCTV news and public information
Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Do so at your own risk.
National Business Daily