Dow Jones Closed up 433 Points Fee Rose 1.50%
The U.S. stock market closed on the 13th. Technology, industrial and financial sectors led the gains. Energy bucked the market and fell alone. The Dow Jones Industrial Average Rising 433 points, the Philadelphia Semiconductor Index rose 1.50%.
According to comprehensive media reports, the US Department of Labor said on the 13th that the number of people receiving unemployment benefits fell to 473,000 at the beginning of last week, a record low since mid-March last year. Separate data showed that after the US April Producer Price Index (PPI) rose by 1.0% in March, it continued to rise by 0.6% in April.
Among the 11 major sectors of the S&P 500 Index, 10 closed gains. Among them, industrial stocks rose the most. Energy stocks were the only sector to decline, down 1.4%, dragged down by the fall in crude oil prices.
Tesla continued its decline, falling 3.1%, which caused the biggest drag on the Nasdaq Index. Previously, CEO Musk once again emphasized his rejection of Bitcoin, which led to a sharp drop in Bitcoin.
Technology stocks rebounded collectively. Apple and Microsoft rose nearly 1.8% and 1.7% respectively, Alphabet rose 1.3%, Facebook rose 0.9%, and Netflix and Amazon rose about 0.3%. In the ADR section of Taiwan stocks, TSMC ADR closed up 0.5%, UMC ADR rose 2.65%, and ASE ADR closed up 5.82%.
At the close of US stocks today, the Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34021.45 points.
The S&P 500 Index rose 49.46 points, or 1.22%, to 4112.50.
The Nasdaq Index rose 93.31 points, or 0.72%, to 13,124.99 points.
The Philadelphia Semiconductor Index rose 42.79 points, or 1.50%, to 2893.94.
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