Home » U.S. stocks closed: Nasdaq rose more than 180 points, along with S&P and Innovation High School concept stocks, Huya and Sohu rose more than 7% – Mobile Finance

U.S. stocks closed: Nasdaq rose more than 180 points, along with S&P and Innovation High School concept stocks, Huya and Sohu rose more than 7% – Mobile Finance

by admin

The U.S. stock market closed on a positive note on March 2, with the Nasdaq rising more than 180 points, the S&P 500 showing gains, and several technology stocks surging higher. Tech giants like Nvidia, AMD, and Dell all saw significant increases in their stock prices. Chinese concept stocks also performed well, with Huya and Sohu rising more than 7%.

Overall, the market is closely monitoring corporate earnings reports and the possibility of an interest rate cut by the Federal Reserve. The weak University of Michigan consumer confidence index and declining U.S. manufacturing industry in February have only strengthened expectations for a rate cut in June.

In the world of commodities, gold prices hit record highs, while oil prices also rose. Popular Chinese concept stocks saw significant gains, while some companies like Phoenix New Media and Jiuzhou Pharmacy experienced declines.

Investors are keeping a close eye on inflation data, with the possibility of the Federal Reserve cutting interest rates later this year. Several Fed officials have hinted at the potential for rate cuts, depending on economic indicators.

Despite all the market movements and speculation, financial experts are reminding investors to be cautious and do their own research before making any investment decisions. The stock market is inherently risky, so it’s essential to approach investments with care.

See also  How Christine Grotz transformed the company

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy