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The three major U.S. stock indices closed higher on Monday, with the Dow Jones Industrial Average hitting a new high.

On July 15, Eastern Time, the Dow Jones Industrial Average closed at 40,211.72 points, up 0.53%, a record closing high; the Nasdaq closed at 18,472.57 points, up 0.40%; and the S&P 500 closed at 5,631.22 points, up 0.28%. During the session, the Dow Jones Industrial Average rose to 40,351.10 points, and the S&P 500 rose to 5,666.94 points, both of which were record intraday highs.

Most large technology stocks in the U.S. stock market rose, U.S. bank stocks rose collectively, U.S. energy stocks rose across the board, and most U.S. airline stocks fell.

Popular Chinese stocks generally fell, with the Nasdaq China Golden Dragon Index falling 3.64%.

In terms of news, according to Reuters, Federal Reserve Chairman Powell said on Monday that three inflation data in the second quarter of this year in the United States "have enhanced people's confidence to a certain extent", that is, the rate of price increases is returning to the Fed's target in a sustainable way. This remark suggests that the Fed may turn to interest rate cuts soon. (China News Service)