Last night, the three major US stock indices closed flat, with the Dow Jones up 0.07%, the S&P 500 down 0.04%, and the Nasdaq down 0.05%. Most Chinese concept stocks have risen, with multiple Chinese concept stocks rising by over 10%.
Apple hits a new historical high
Most large tech stocks in the US stock market fell, with the Wande US Tech 7 Index dropping 0.37%. In terms of individual stocks, Tesla fell more than 1%, Amazon fell 0.87%, Facebook fell 0.72%, Microsoft fell 0.28%, Google fell 0.26%, and Nvidia fell 0.21%.
Apple rose 0.32%, setting a new historical high for the fourth consecutive trading day, with a total market value of $3.92 trillion.
Drone concept stocks surged, with Lilium up over 70%, Palladyne AI up over 47%, Vertical Aerospace up over 31%, and Unusual Machines up over 20%.
In terms of economic data, the United States announced last night that the number of first-time applicants for unemployment benefits in the week ending December 21 was 219000, lower than the predicted 225000. However, the number of people continuously applying for unemployment benefits has risen to 1.91 million, reaching the highest level since November 13, 2021, further indicating that the time for unemployed people to find jobs is extending.
The latest data from CME's "Federal Reserve Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged in January next year is 87.2%.
In view of the future market of US stocks, Steven Jon Kaplan, a well-known analyst on Wall Street, suddenly warned that the foam of US tech stocks was approaching a "critical point".
In addition, as this year comes to an end, another hidden concern for the US stock market is the continued rise in US bond yields. The 10-year US Treasury yield, known as the "anchor of global asset pricing," has surpassed the 4.6% mark, further refreshing its nearly 7-month high.
Most Chinese concept stocks have risen
Most Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.42% and the Wande China Concept Technology Leading Index up 0.17%.
In terms of popular Chinese concept stocks, several Chinese concept stocks have risen by over 10%. Fangduoduo rose by over 13%, Hesai Technology rose by over 12%, Century Internet rose by over 10%, Xiaoma Zhixing rose by over 9%, Ideal Auto and Douyu rose by over 3%, and Xiaopeng Motors rose by over 2%.
Jinshan Cloud has surged by over 14%, and its stock price has surged by 260% since November this year. On the news front, UBS has raised the rating of Kingsoft Cloud to "buy", with a significant increase in the target price from $4.2 to $12.5.
In addition, last night's futures closed at night, with most of the main domestic futures contracts rising. Asphalt and fuel have risen by over 1%, while corn, soybean meal, and vegetable oil have risen by nearly 1%.