U.S. Stock Movement | Star technology stocks rise broadly, Nawei Semiconductor up over 8%
On Wednesday, the three major U.S. stock indices opened higher collectively, with the Nasdaq rising 0.85%. Star tech stocks saw widespread gains, with Nvidia Semiconductor up over 8%, Advanced Micro Devices up over 4%, ASML up over 3%, Taiwan Semiconductor up over 2%, and NVIDIA up over 1%. In terms of news, Federal Reserve Chairman Jerome Powell previously stated that the Fed is expected to implement another 25 basis point rate cut later this month, although the severe government shutdown has significantly impacted its assessment of the economic situation. Additionally, legendary hedge fund manager Paul Tudor Jones stated on Tuesday that, in the context of expected lower interest rates, the Nasdaq Composite Index is likely to rise before the end of the year, injecting optimism into a previously weak market
According to Zhitong Finance APP, on Wednesday, the three major U.S. stock indexes opened higher collectively, with the Nasdaq rising 0.85%. Star tech stocks saw widespread gains, with Nuvoton Technology (NVTS.US) up over 8%, Advanced Micro Devices (AMD.US) up over 4%, ASML (ASML.US) up over 3%, Taiwan Semiconductor (TSM.US) up over 2%, and NVIDIA (NVDA.US) up over 1%. On the news front, Federal Reserve Chairman Jerome Powell indicated that the Fed is likely to implement another 25 basis point rate cut later this month, despite the severe impact of the U.S. government shutdown on its assessment of economic conditions.
Additionally, legendary hedge fund manager Paul Tudor Jones stated on Tuesday that the Nasdaq Composite Index is expected to rise before the end of the year amid expectations of declining interest rates, which injected optimism into a previously weak market
