On November 24th, the Fed was dovish, and US stocks closed higher. Tesla rose nearly 8%. What should I buy today?
$Hang Seng Index (800000.HK)$ Hong Kong stock market
On November 24th, the Hang Seng Index opened 0.92% higher, and the Hang Seng Tech Index rose 1.13%. Real estate and technology sectors led the gains. $COUNTRY GARDEN (02007.HK)$ Rising more than 6%, leading the blue-chip stocks, Longfor Group's stock rose more than 5% $NTES-S (09999.HK)$ rising nearly 4%.
US stock market
US stocks closed higher on Wednesday. The minutes of the Fed meeting showed that most officials believed that the pace of rate hikes could be slowed down "soon," and Fed economists believe that the likelihood of a US recession next year is as high as 50%. Initial jobless claims data and October durable goods orders index both exceeded expectations last week, and the consumer confidence index for November fell to 56.8.
At the close, the Nasdaq Composite Index rose by 0.99%; the Dow Jones Industrial Average rose by 0.28%, reaching a new closing high since April 21; the S&P 500 Index rose by 0.59%.
Large-cap technology stocks collectively rose, with Apple (AAPL) up 0.59%, Amazon (AMZN) up 1.00%, Meta Platforms (META) up 0.72%, Google (GOOG) up 1.45%, Microsoft (MSFT) up 1.04%, and Netflix (NFLX) up 1.68%.
New energy vehicle stocks generally rose, with Tesla (TSLA) up 7.82%, marking its largest single-day gain since July, and its market cap soaring by $42 billion ($305.6 billion RMB) in a single day.
China concept stocks rose in general, with Alibaba (BABA) up 3.30%, JD.com (JD) up 1.36%, PDD Holdings (PDD) down 0.07%, Bilibili (BILI) up 0.99%, Baidu up 2.02%, New Oriental (EDU) down 0.27%, Netease (NTES) up 1.73%, iQiyi (IQ) up 2.06%, Manbang up 13.19%, NIO Inc (NIO) up 5.49%, XPeng (XPEV) up 3.98%, and Li Auto up 3.59%.
Futures market
On Wednesday, the West Texas Intermediate (WTI) crude oil futures price for January delivery on the US Commodity Exchange fell by $3.01, or 3.7%, to $77.94 per barrel. December natural gas futures rose by 7.80% to $7.3080 per million British thermal units.
EIA data showed that last week's increase in distillate and gasoline inventories in the United States exceeded expectations, putting pressure on oil prices. The market is also evaluating the outlook for crude oil demand.
On Wednesday, the gold futures price for December delivery on the US Commodity Exchange rose by $5.7, or 0.33%, to $1745.60 per ounce.
The minutes of the Federal Reserve meeting indicated that Fed officials believe that the Fed will soon slow down the pace of interest rate hikes, which has supported the price of gold.
On November 24th, the Hang Seng Index opened 0.92% higher, and the Hang Seng Tech Index rose 1.13%. Real estate and technology sectors led the gains. $COUNTRY GARDEN (02007.HK)$ Rising more than 6%, leading the blue-chip stocks, Longfor Group's stock rose more than 5% $NTES-S (09999.HK)$ rising nearly 4%.
US stock market
US stocks closed higher on Wednesday. The minutes of the Fed meeting showed that most officials believed that the pace of rate hikes could be slowed down "soon," and Fed economists believe that the likelihood of a US recession next year is as high as 50%. Initial jobless claims data and October durable goods orders index both exceeded expectations last week, and the consumer confidence index for November fell to 56.8.
At the close, the Nasdaq Composite Index rose by 0.99%; the Dow Jones Industrial Average rose by 0.28%, reaching a new closing high since April 21; the S&P 500 Index rose by 0.59%.
Large-cap technology stocks collectively rose, with Apple (AAPL) up 0.59%, Amazon (AMZN) up 1.00%, Meta Platforms (META) up 0.72%, Google (GOOG) up 1.45%, Microsoft (MSFT) up 1.04%, and Netflix (NFLX) up 1.68%.
New energy vehicle stocks generally rose, with Tesla (TSLA) up 7.82%, marking its largest single-day gain since July, and its market cap soaring by $42 billion ($305.6 billion RMB) in a single day.
China concept stocks rose in general, with Alibaba (BABA) up 3.30%, JD.com (JD) up 1.36%, PDD Holdings (PDD) down 0.07%, Bilibili (BILI) up 0.99%, Baidu up 2.02%, New Oriental (EDU) down 0.27%, Netease (NTES) up 1.73%, iQiyi (IQ) up 2.06%, Manbang up 13.19%, NIO Inc (NIO) up 5.49%, XPeng (XPEV) up 3.98%, and Li Auto up 3.59%.
Futures market
On Wednesday, the West Texas Intermediate (WTI) crude oil futures price for January delivery on the US Commodity Exchange fell by $3.01, or 3.7%, to $77.94 per barrel. December natural gas futures rose by 7.80% to $7.3080 per million British thermal units.
EIA data showed that last week's increase in distillate and gasoline inventories in the United States exceeded expectations, putting pressure on oil prices. The market is also evaluating the outlook for crude oil demand.
On Wednesday, the gold futures price for December delivery on the US Commodity Exchange rose by $5.7, or 0.33%, to $1745.60 per ounce.
The minutes of the Federal Reserve meeting indicated that Fed officials believe that the Fed will soon slow down the pace of interest rate hikes, which has supported the price of gold.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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