US stocks closed: US stocks hit a multi-week high in April and the NASDAQ hit a seven-month high

The three major US stock indexes collectively opened lower. $Dow Jones Industrial Average(.DJI.US)$ At the beginning of the session, it rose more than 200 points in midday trading, and the S&P 500 index turned up less than half an hour after opening. $Nasdaq Composite Index(.IXIC.US)$ It turned upward about half an hour after opening, and collectively reached a new daily high at the end of the session. The three major indices collectively closed higher for two consecutive days. The S&P and Dow rose for two consecutive days after falling for two days, and the NASDAQ rose for three consecutive days. The gains were significantly slower than on Thursday.

Closed up nearly 2% on Thursday $S&P 500 Index(.SPX.US)$ It closed up 0.83% to 4169.48 points, a new closing high since February 2. The Dow, which closed up nearly 1.6% on Thursday, closed 272 points, or 0.8%, to 340,98.16 points, a record high since February 15. The NASDAQ index, which closed up 2.4% on Thursday, closed up 0.69% to 12226.58 points, a record high since September 12 last year.

A small-cap stock index with a focus on value stocks $Ishares Russell 2000 Value Etf(IWN.US)$ It closed up 1.01%, outperforming the market, and continued to break away from the low level since March 23, but failed to smooth out the decline of the previous three days. The Nasdaq 100 Index, which focuses on technology stocks, closed up 0.65%, rising for three consecutive days until August 18 last year.

Thanks to the sharp rise on Thursday, most major US stock indexes rose cumulatively this week. The Dow rose 0.86% to smooth out a four-week continuous rise at the end of last week. S&P rose 0.87%, the NASDAQ rose 1.28%, and closed up nearly 2.8% on Thursday $NASDAQ 100 Index(.NDX.US)$ The cumulative increase of 1.89% corrected the decline from last week, and continued to rise for the fifth week in the last seven weeks. Meanwhile, the Russell 2000, which had been rising for two weeks, fell 1.26%, and fell in the second week of the last six weeks.

Of the major sectors in the S&P 500, only one closed down on Friday. $Utilities Select Sector SPDR Fund(XLU.US)$ It fell nearly 0.2%, $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ Up 0.26%. $Energy Select Sector SPDR Fund(XLE.US)$ A rise of nearly 1.6% led the way. A total of six sectors have surged this week. Meta is $The Communication Services Select Sector SPDR® Fund(XLC.US)$ Led by an increase of about 3.8%, Microsoft's $The Technology Select Sector SPDR® Fund(XLK.US)$ An increase of more than 2%, $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$ und $Consumer Staples Select Sector SPDR Fund(XLP.US)$ It rose more than 1%, and among the five sectors that have declined, $Utilities Select Sector SPDR Fund(XLU.US)$ It fell about 1%, $Industrial Select Sector SPDR Fund(XLI.US)$ und $The Health Care Select Sector SPDR® Fund(XLV.US)$ It fell by about 0.6%, $Materials Select Sector SPDR ETF(XLB.US)$ und $Financial Select Sector SPDR Fund(XLF.US)$ It fell nearly 0.2%.

In April, only three of the various sectors fell. Industry fell by more than 1%, non-essential consumer goods fell by about 1%, and industrial materials fell by nearly 0.2%. Communications services continued to lead the rise by nearly 3.6%, essential consumer goods and energy also rose by more than 3%, and finance and health care rose by about 3%.

Most of the leading technology stocks closed higher due to intraday gains. $Tesla(TSLA.US)$ It closed up about 2.6%, rising for two consecutive days, but failed to smooth out all the losses in the first four days of this week. Among FAANMG's six major technology stocks, $Netflix(NFLX.US)$ It closed up nearly 1.3%, rising for two consecutive days to the highest level since April 18; $Microsoft(MSFT.US)$ It closed up 0.8%, rising for three consecutive days, continuing to hit a new high since the beginning of April last year; $Apple(AAPL.US)$ Closing up nearly 0.8%, rising for two consecutive days, continuing to hit a new high since August last year; Facebook's parent company surged 14% on Thursday after announcing its quarterly report $Meta Platforms(META.US)$ It turned down at the beginning of the session and closed up more than 0.7% at the end of the session, rising for three consecutive days, reaching a new high of about 15 months; while it was revealed during the post-market results conference call on Thursday that the revenue growth rate for the first quarter had hit a new low since the disclosure of results, further slowed this month. $Amazon(AMZN.US)$ It fell 5% at the beginning of the session and closed down about 4%, taking back most of Thursday's gains and falling from the high level since February 2, which was set for two consecutive days on Thursday; the big rebound on Thursday $Alphabet-C(GOOG.US)$ The parent company Alphabet gradually narrowed its decline after falling more than 1% in the intraday period, closing down by more than 0.2%, leaving the high level since April 14.

Influenced by Amazon, most cloud computing stocks fell on Friday. Among them, revenue for the first quarter was lower than expected, and guidance for the second quarter and full year was weak $Cloudflare(NET.US)$ closed down 21%, $Confluent(CFLT.US)$ fell 4.4%, $DigitalOcean(DOCN.US)$ fell 3.8%, $Snowflake(SNOW.US)$ It fell nearly 0.5%, $MongoDB(MDB.US)$ fell 0.4%, while $Salesforce(CRM.US)$ It closed up 1.2%, $Adobe(ADBE.US)$ Up nearly 1.7%, $Five9(FIVN.US)$ Up nearly 4.7%.

Chip stocks continued to outperform the market on Friday after five consecutive days of decline, rising for three consecutive days. $PHLX Semiconductor Index(.SOX.US)$ und $iShares Semiconductor ETF(SOXX.US)$ They all closed up 1.8%, but fell nearly 0.9% and more than 1% respectively this week, and fell more than 7% in April. Among the IT sector constituent stocks of the S&P 500, the first quarter recorded the biggest loss in history, but the amount of loss was lower than expected $Intel(INTC.US)$ closed up 4%, $Micron Technology(MU.US)$ An increase of nearly 4%, $Advanced Micro Devices(AMD.US)$ 、 $Qualcomm(QCOM.US)$ 、 $ON Semiconductor(ON.US)$ An increase of more than 2%, $NVIDIA(NVDA.US)$ An increase of nearly 2%, $Applied Materials(AMAT.US)$ 、 $Broadcom(AVGO.US)$ An increase of more than 1%.

AI concept stocks soared. $C3.ai(AI.US)$ It closed up 1.3%, equalizing Thursday's decline, and the low since the end of January. $SoundHound AI(SOUN.US)$ It rose 4.7% and did not continue to be close to the nearly three-week low set on Tuesday. $BigBear.ai Holdings(BBAI.US)$ It rose 2.8%, the highest level since April 20 for the third consecutive year.

Of the individual stocks that published financial reports, the one with the highest profit for the first quarter in history $Exxon Mobil(XOM.US)$ Closing up 1.3%; profit for the first quarter was also higher than expected $Chevron(CVX.US)$ Earnings rose nearly 1%; first-quarter revenue was better than expected for broadband and cable service providers due to steady growth in the Internet business $Charter Communications(CHTR.US)$ Social media that closed up 7.6%, and first-quarter revenue fell short of expectations $Snap Inc(SNAP.US)$ Another social media that closed down 16.8%; second-quarter revenue growth guidance was disappointing $Pinterest(PINS.US)$ PV stocks closed down 15.7%; first-quarter revenue and profit fell short of expectations $First Solar(FSLR.US)$ It closed down 9.1%.