The Rise of Mining Stocks

The US stock market closed on the 1st. After a sharp sell-off last week, the S&P 500 index set its biggest one-day gain since November 24. The Nasdaq index surged 332 points and the Philadelphia Semiconductor Index surged nearly 4%.

U.S. technology stocks led the gains, retail investors turned their focus to silver, which led to the rise of mining stocks. On the 1st, the U.S. stock market closed up, the Dow Jones Industrial Average rose 229 points, and the S&P 500 suffered a sharp decline last week After the sell-off, it set the biggest one-day gain since November 24. The Nasdaq index soared 332 points and the Philadelphia Semiconductor Index soared nearly 4%.

According to comprehensive media reports, GameStop (Game Station, GME) plunged 30.8%, and other retail investors’ popular stocks also retreated sharply. Headphone maker Koss and the chain home furnishing store Bed Bath & Beyond fell 45% and 14 respectively. %, the theater operator AMC receives 0.3%.

Online retail investors turned their focus to the silver market. The world’s largest silver ETF, BlackRock’s iShares Silver Trust (SLV) rose 7.1%, and the price of silver rose to an 8-year high, slightly higher per ounce At $30, it drove Hecla Mining Co and Coeur Mining Inc to soar.

Quincy Krosby, chief investment strategy at Prudential Financial, said that this fanaticism may have changed, but it may continue for some time.

The S&P 500 technology and consumer discretionary sectors rose by more than 2% each, pushing up the S&P 500. Amazon, Microsoft, and Apple, which will announce their earnings on the 2nd, are among the biggest positive impacts. Another source pointed out that Apple will issue 14 billion U.S. dollars in bonds, which is the third time since May last year that it may expand to buy back its own shares.

US stocks closed today, the Dow Jones Industrial Average rose 229.29 points, or 0.76%, to 30211.91 points.

The S&P 500 Index rose 59.62 points, or 1.61%, to 3,773.86.

The Nasdaq index rose 332.70 points, or 2.55%, to 13,403.39 points.

The Philadelphia Semiconductor Index rose 112.91 points, or 3.91%, to 2999.99 points.