S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Wall Street Rallies As Economic Concerns Recede, Tech Flexes Its Muscles, Semiconductors Soar: What's Driving Markets Thursday?
Express News | Shares of Semiconductor and Chip Stocks Are Trading Higher Amid an Overall Market Rebound After Softer-than-expected Jobless Claims Possibly Alleviated Some US Economic Concerns
Citi Spotlights 33 Stocks in What It Calls Its 'Post Pullback Shopping List'
KLA Unusual Options Activity For August 06
Form 144 | KLA Corp(KLAC.US) Officer Proposes to Sell 12.29 Million in Common Stocks
SEC FILLINGS DISCLOSED/ Aug 6, $KLA Corp(KLAC.US)$ Officer WALLACE RICHARD P intends to sell 17,437 shares of its common stock on Aug 6, with a total market value of approximately $12.29 million.
