U.S. stocks closed higher overall, Nasdaq rose more than 1% to hit a record high
Quick Look
- All U.S. stocks closed higher on the 5th, with the Nasdaq Composite Index rising more than 1% to set new intraday and closing record highs.
- The AI wave has driven the strength of technology stocks.
- Huida closed up 2.12% to hit a record high, with a market value of US$5.76 trillion; TSMC ADR rose 2.75%, and UMC ADR fell 8.95%.
AI-generated summary
Why It Matters
U.S. stocks continue to be driven by the AI wave, with technology stocks performing strongly. Although U.S. Treasury yields are rising and the market remains concerned about inflation and the Federal Reserve's interest rate policy, technological fundamentals and economic data have boosted investor confidence.
All U.S. stocks closed higher on the 5th, with the Nasdaq Composite Index rising by more than 1%, setting new intraday and closing record highs. (Reuters)
[Real-time News/Comprehensive Report] Although U.S. Treasury bond yields continue to rise, market investors are paying attention to strong technology fundamentals and economic data. All Wall Street stocks in the United States closed higher on the 5th, with the Nasdaq Composite Index rising by more than 1%, setting new intraday and closing record highs.
According to comprehensive media reports, the AI wave has driven the market to continue to rise. AI giant Huida closed up 2.12% on the 5th, setting a record high closing price, bringing its market value to US$5.76 trillion; Microsoft rose 1.48%, Meta and Tesla rose 1.90% and 2.20% respectively, and SpaceX surged 7.63%. TSMC ADR rose 2.75% to close at US$485.80; UMC ADR plummeted 8.95% to close at US$23.92.
Please read on...
U.S. Treasury bond yields continue to rise, with the 10-year U.S. bond yield rising more than 3 basis points to 5.310%, and the 30-year U.S. bond yield also rising simultaneously to 5.664%. Both have recently been at multi-year highs, reflecting market concerns that inflation remains high and that the Federal Reserve (Fed) may keep interest rates at a high level for longer.
The Dow Jones Industrial Average rose 90.94 points, or 0.18%, to 51,267.90 points.
The Nasdaq index rose 286.45 points, or 1.05%, to 27477.31 points.
The S&P 500 index rose 51.23 points, or 0.66%, to 7773.95 points.
The Philadelphia Semiconductor Index rose 36.06 points, or 0.28%, to 13172.74 points.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube channel
What to Watch
AI outlook — possibilities, not facts
The Nasdaq Index will maintain a volatile upward trend in the short term
Possible · Within weeks
Open Questions
- What is the long-term impact of rising U.S. bond yields on technology stocks?
- Will the Federal Reserve adjust interest rate policy in the near future?
