news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on tuesday, september 24, eastern time, the three major u.s. stock indexes all closed higher, with the dow jones and s&p 50 hitting new closing highs. goldman sachs strategists expect the s&p 500 to rise to 6,000 points by 2025.

china's assets exploded. nasdaq china golden dragon index rose more than 9%, creating the largest single-day increase since 2022, boss zhipin rose more than 19%, bilibili rose more than 17%. the 3x long ftse china etf-direxion closed up nearly 30%, and the 2x long shanghai-shenzhen china internet stock etf-direxion rose more than 21%.

u.s. wti crude oil futures closed higher on tuesday, supported by news of escalating conflict in the middle east and the threat of another hurricane in the gulf of mexico.

dow jones, s&p 500 continue to hit new closing highs

as of the close, the dow jones industrial average rose 0.2% to 42,208.22 points, the s&p 500 rose 0.25% to 5,732.93 points, and the nasdaq rose 0.56% to 18,074.52 points. among them, the dow jones industrial average and the s&p 500 continued to hit new closing highs.

goldman sachs group strategist david kostin expects the s&p 500 to rise to 6,000 by 2025.

federal reserve governor michelle bowman said on tuesday that she remains cautious about further interest rate cuts and that the labor market shows no clear signs of weakening.

bowman also said that the possibility of a stagnation in progress in fighting inflation cannot be ruled out, the core inflation rate is still "uncomfortably" above the 2% target, and inflation risks outweigh labor market risks.

the u.s. consumer confidence index fell by the most in more than three years in september.

ai giants continue to expand cooperation

on tuesday, wind's u.s. tamama technology index rose 0.71%, nvidia rose nearly 4%, tesla rose more than 1%, netflix rose more than 2%, apple, google, amazon and others rose less than 1%, facebook fell 0.19%, and microsoft fell 1%.

nvidia and alibaba recently announced that they will jointly develop in-vehicle software for driverless electric vehicles. this cooperation will be equipped with the large multi-purpose vehicle (lmm) jointly developed with alibaba on nvidia's autonomous driving platform "orin" and supplied to chinese electric vehicle manufacturers such as geely and xiaomi, becoming the focus of rockglobal.

snap and google cloud have expanded their strategic partnership to power the ai ​​chatbot for its social media platform snapchat. snapchat’s my ai chatbot will leverage google’s gemini technology on vertex ai, specifically the technology’s ability to understand and operate on different types of information, including text, audio, images, video, and code.

china's asset explosion

on september 24, the people's bank of china, the state financial supervision and administration bureau, and the china securities regulatory commission announced at a state council press conference a number of important policies, including "lowering interest rates on existing mortgage loans, further lowering the reserve requirement ratio, vigorously developing equity funds, and arranging for medium- and long-term funds to enter the market."

popular chinese stocks generally rose , the nasdaq china golden dragon index rose more than 9%, its largest single-day increase since 2022.

among them, boss direct recruitment rose more than 19%, bilibili rose more than 17%, tencent music rose more than 16%, kingsoft cloud and iqiyi rose more than 14%, jd.com rose nearly 14%, xpeng motors rose nearly 12%, weibo, nio, li auto, futu holdings, dingdong maicai, and pinduoduo rose more than 11%, zeekr, beike, and huazhu rose more than 9%, vipshop, netease, ctrip group, and alibaba rose about 8%, new oriental and baidu rose more than 7%.

the 3x long ftse china etf-direxion closed up nearly 30%, the 2x long sse china internet stock etf-direxion rose more than 21%, the kraneshares china overseas internet etf rose more than 10%, and the china large cap etf-ishares rose more than 9%.

california files lawsuit against exxonmobil

california has filed a lawsuit against exxonmobil, accusing it of falsely advertising the recyclability of plastics, becoming the first u.s. state to seek to hold an oil giant accountable for plastic pollution.

the lawsuit claims that exxonmobil, one of the world's largest plastics producers, deceived the public for half a century about the sustainability of its plastic products, including polymers found in its plastic packaging, utensils and beverage bottles. the lawsuit seeks compensation from the oil group for damages caused by plastic production.

wti futures for november delivery rose $1.19, or 1.69%, to close at $71.56 a barrel on tuesday.

as conflicts in the middle east continue to escalate, analysts said israel's airstrike on monday could push hezbollah's opec oil producer iran against israel, potentially triggering a wider war across the region.

in addition, with a second hurricane expected to hit offshore oil fields in the gulf of mexico in two weeks, several oil companies have suspended some production, supporting oil prices.