US Stocks Dow Jones Surges 475 Points

The U.S. stock market closed on the 2nd and the four major indexes closed red. The Jones Industrial Average rose 475 points.

According to comprehensive media reports, Alphabet and Amazon are among the stocks that have given the S&P 500 the biggest boost. These two stocks both closed up more than 1%; the US stock market rose roughly on the 2nd, all sectors of the S&P 500 index closed higher, and financial stocks rose 2.5%.

Refinitiv IBES data shows that so far, more than 80% of the S&P 500 index constituent companies that have announced their earnings have exceeded analysts’ expectations, and 97% of technology companies that have announced earnings have exceeded analysts’ expectations. .

In addition, Democrats in the US Congress intend to quickly pass President Biden’s $1.9 trillion bailout plan, which makes investors feel optimistic. The number of new cases of Wuhan pneumonia (new coronavirus disease, COVID-19) in the United States has declined for the third consecutive week, the first time since September last year.

GameStop (Game Station, GME) fell 60.01%. The recent gains of GameStop are contrary to the trend of the broader market. After retail investors shifted their focus to silver and biotechnology, GameStop’s market value has evaporated by more than 70% since January 29.

At the close of US stocks today, the Dow Jones Industrial Average rose 475.57 points, or 1.57%, to 30,687.48.

The S&P 500 index rose 52.45 points, or 1.39%, to 3,826.31.

The Nasdaq Index rose 209.38 points, or 1.56%, to 13,612.78.

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