Netease technology news on June 2, according to foreign media reports, on Monday, U.S. time, the U.S. stock market closed all the way up, June ushered in a good start, because of the growing hope of a successful restart of the U.S. economy.

The Dow Jones index rose 91.91, or 0.36%, to 25.475.02; the standard & Poor's 500 index rose 0.38%, to 3055.73; and the NASDAQ rose 0.66%, to 9552.05. The standard index has reached its highest level since the beginning of March this year, while the NASDAQ has reached its highest level since the end of February this year.

In U.S. trading on Monday, tech heavyweights were mixed, with apple closing 1.23% higher at $321.85; alphabet, Google's parent company, closing 0.20% higher at $1431.82; Amazon, 1.17% higher at $2471.04; Microsoft, 0.23% lower at $182.83; Facebook, 3.03% higher at $231.91; Oracle, 1.32% lower at $53.06; IBM, 1.32% higher At $124.89, down 0.01%; Netflix, up 1.47% at $425.92; Tesla, up 7.56% at $898.10; twitter, up 2.97%, Uber, down 1.38%; LYFT, up 4.25%.

Chip leaders in US stocks generally fell, with Intel down 1.70% to US $61.86, NVIDIA down 0.78% to US $352.25, Broadcom down 0.44% to US $289.99, Texas Instruments down 0.74% to US $117.86, Qualcomm down 1.42% to US $79.73, amd down 0.32% to US $53.63, applied materials down 0.88%, micron technology down 3.28%.

Chinese stocks listed in the US rose and fell in different ways, with Netease closing at $397.59, up 3.84%; Alibaba closing at $206.57, down 0.40%; JD closing at $54.73, up 0.74%; Baidu closing at $107.10, up 0.52%; pinduoduo closing at $65.76, down 1.66%; bilibilibili closing at $33.06, up 1.94%; tal closing at $61.03, up 8.09%; IQI Yi closed at $16.70, up 0.66%; learn from who, up 3.99%; Weibo, down 0.03%; Sina, up 1.98%; Sohu, up 3.28%; Sogou, up 0.31%; Ctrip, down 2.52%; 51job, down 0.74%; home of the car, up 0.27%; 58 Tongcheng, up 4.00%, Weilai, up 7.04%, jinshanyun, up 6.21%; Ruixing coffee, down 5.56%.

"Despite the troubles, the stock market continues to show extraordinary resilience and investors continue to pay attention to positive signs of a restart," said Mark Hackett, head of research at nationwide, an investment firm However, Hackett added that market valuations were at their highest level in nearly 20 years, suggesting "a respite period for the market after an unprecedented rise".

Last week, the standard and Dow both rose at least 3%, while the NASDAQ rose 1.8%. Investors are increasingly betting that these gains will be driven by a successful restart of the global economy after the new coronavirus has forced most economic activity to stop.

Last week's gains led to the first two consecutive months of gains in major U.S. stock indexes since late 2019. In May, the Dow and the standard rose 4.3% and 4.5% respectively, while the NASDAQ rose 6.8%. In April, the standard rose 12.7%, while the Dow rose 11%.

Peter Berezin, chief global strategist at BCA research, said in a report to clients: "the main downside risk for the stock market is the second wave of new crown outbreaks. If concerns about the second wave of the outbreak intensify, risk assets will be affected. "

However, Berezin added that he proposed a "modest overweight" of stocks in portfolio allocation. "Even if there is no new vaccine available later this year, more vaccine testing should allow for more cost-effective ways to contain the epidemic," he said

Novel coronavirus pneumonia cases are more than 6 million cases in the world, including 1 million 700 thousand cases in the United States, according to Johns Hopkins University. However, Novavax, an American biopharmaceutical company, said last week that it had begun the first phase of clinical trials of its candidate new coronavirus vaccine, while Moderna, another biopharmaceutical company, said on May 18 that its early vaccine trials had yielded positive results. (Liu Chun)

Source: Netease Technology Report