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U.S. stocks closed higher collectively as the Dow and S&P 500 continued to hit record highs

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Dow Jones and S&P 500 Hit Record Highs as U.S. Stock Indexes Close Higher

On January 29, local time, the three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average and the S&P 500 Index continuing to hit record highs. The Dow Jones Industrial Average closed at 38333.45 points, an increase of 0.59%, while the S&P 500 Index closed at 4927.93 points, an increase of 0.76%. The Nasdaq also saw gains, closing at 15628.04 points, an increase of 1.12%.

Large technology stocks saw significant gains, with Tesla rising by more than 4%, Nvidia rising by more than 2%, and companies like Facebook parent company Meta, Microsoft, and Amazon seeing increases of more than 1%. Google A, Netflix, and Intel also saw slight rises, while Apple experienced a slight fall.

However, most popular Chinese concept stocks saw declines, with Pinduoduo falling by more than 8%, New Oriental by more than 4%, NetEase by nearly 3%, and iQiyi by nearly 2%. JD.com and Bilibili also fell by more than 1%, with Vipshop, Xiaomi, Peng Automobile, and Alibaba experiencing slight declines. Tencent Music and Li Auto were among the few to see slight increases.

It is important to note that the information provided by Securities Times is for reference only and does not constitute substantive investment advice. Traders and investors are advised that any operations based on this information are at their own risk.

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