US Stocks Closed Higher Under The Support of Technology Stocks

The epidemic challenge has not been eliminated, but US stocks closed higher under the support of technology stocks. At the close on Thursday, the Dow Jones Industrial Average rose 44.81 points or 0.15% to 29,483.23 points. The S&P 500 index rose 14.08 points, or 0.39%, to 3,581.87 points. The Nasdaq Index rose 103.11 points, or 0.87%, to 11,904.71 points.

The U.S. epidemic has warmed and global stock markets may fluctuate. After the Taiwan stocks hit daily highs, the market returned to rationality. On the 19th, the index reached a record high of 13785.92 points and then pulled back. Foreign investors stopped buying for 6 consecutive times and sold more than 4.7 billion yuan. The volume of Taiwan stocks declined yesterday. As the daily KD continues to be in the overbought zone above 80, beware that the short-term volatility will intensify. However, the fundamentals are sound and the market outlook is still optimistic. However, the number of confirmed cases of new crown pneumonia continued to rise sharply, casting variables for the prospect of a rapid economic recovery. On Thursday, Dow Jones Futures fell by more than 200 points. On Friday, the December Taiwan Index futures dropped 18 points to 13724 points at the opening today. Financial and electronic futures jointly opened lower; Taiwan stocks fell 19.84 points to 13702.59 points at the opening.

Taiwan stocks fluctuated. However, the fundamentals of listed companies are positive, and market interest rates are too low and funds are abundant. The three major bullishes are conducive to the development of Taiwan stocks. Although yesterday, foreign investors switched from buying to selling, foreign investors bought more than 151.317 billion yuan since November At present, the volume and price structure of Taiwan stocks is still too large. After the sharp rise, it will be pulled back and will be beneficial to the development of the Taiwan stock market. In the short-term, after the TSMC 500 level selling pressure gradually digests and settles, Taiwan stocks are expected to move out of the swing high position.

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