On the early morning of May 25th Beijing time, the three major indexes of the US stock market collectively closed higher on Friday, with the Nasdaq reaching a new historical closing high. After releasing strong economic and labor data this week, the market is still evaluating expectations for the Federal Reserve's interest rate cut.
As of the close, the Dow Jones Industrial Average rose 0.01% to 39069.20 points; The Nasdaq rose 1.10% to close at 16920.79 points; The S&P 500 index rose 0.70% to close at 5304.71 points. Among them, the Nasdaq rose 1.41% this week, marking the fifth consecutive week of gains.
AI chip leader Nvidia closed up 2.57% at $1064.69 per share, reaching a new historical high with a market value of $2.62 trillion, and a cumulative increase of about 115% so far this year. At present, Nvidia's market value is second only to Microsoft ($3.2 trillion) and Apple ($2.91 trillion).
Most other tech giants saw their stock prices rise, with Microsoft up 0.74%, Apple up 1.66%, Google up 0.73%, and Amazon down 0.17%, Meta rose 2.67%, while Tesla rose 3.17%.
Chinese concept stocks have fluctuated, with the Nasdaq China Golden Dragon Index closing down 0.35% and a cumulative decline of 8.8% this week. Pinduoduo rose 2.56%, Alibaba rose 0.57%, NetEase fell 4.5%, JD.com fell 3%, Baidu fell 1.1%, Ctrip rose 1.5%, Ideal Automobile rose 3.7%, NIO rose 0.6%, and Xiaopeng Automobile rose 1.2%.