Source: China Economic Net
Editor’s note of China Economic Net:U.S. stocks closed slightly higher on Monday. As of the close, the Dow rose 94.28 points, or 0.26%, to 35,913.84; the Nasdaq rose 97.53 points, or 0.63%, to 15,595.92; the S&P 500 index rose 8.29 points, or 0.18%, to 4,613.67. point.
The performance of large technology stocks diverged, with Meta up 2.0%, Intel up 1.1%, Apple down 0.6%, Microsoft down 0.7%, Amazon down 1.6%, and Google down 3.0%. Sectors related to economic recovery strengthened. Energy ETFs rose 1.6%, Occidental Petroleum rose 3.8%, Exxon Mobil rose 1.8%, and aviation stocks and retail stocks also performed well.
According to Sina US Stocks, Chris Harvey, head of equity strategy for Wells Fargo Bank’s securities division, warned that the upward momentum in US stocks may not last until next year. Harvey said in the interview: “You will see stocks reach a level that they cannot sustain. We will see the stock market melt up, and we will push the stock market to a level that cannot be supported by fundamentals and valuation. .”Return to Sohu to see more
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