U.S. Stocks Close Higher: Dow Soars Over 470 Points, S&P Hits Record High
In a positive turn of events, U.S. stocks closed higher on March 28, with the Dow Jones Index rising by more than 470 points and the S&P 500 hitting a new all-time high. The Nasdaq also saw an increase, with tech stocks performing mixed.
Among the standout performers were Noah Fortune, which rose by more than 17%, and Xpeng Motors, which fell by more than 8%. Overall, most Chinese concept stocks experienced gains, with Noah Wealth, Bilibili, and others seeing significant increases.
The positive momentum in the stock market was driven by investors focusing on the release of important PCE inflation data to gain insights into the Federal Reserve’s policy path. Technology stocks showed a mixed performance, with Intel, Apple, and Tesla all seeing gains.
In the commodities market, spot gold prices rose, while crude oil futures for May delivery saw a slight decline. Gasoline and heating oil prices also fell, along with natural gas prices.
Despite the positive closing of U.S. stocks, traders are advised to exercise caution, as the stock market remains risky. The financial community warns that the content, data, and tools in this article are for reference only and do not constitute investment advice. Investors should approach the market with caution and do their own research before making any financial decisions.