U.S. Stock Market Movement | Star tech stocks rise broadly in early trading, Microsoft and Apple slightly up, both market values surpass $4 trillion
On Tuesday, the three major U.S. stock indices opened slightly higher, with the Nasdaq rising 0.47%. Star tech stocks saw widespread gains, with Microsoft up nearly 3%, pushing its market capitalization above $4 trillion, and Apple slightly rising 0.2%, marking its market capitalization surpassing $4 trillion for the first time. JP Morgan analysts expect Apple's services business to account for a quarter of total revenue, with profit contributions reaching 50%. Wall Street's bullish sentiment is rising, with the S&P 500 index closing at a record 6,875 points, as the market prepares to break through the 7,000-point barrier
According to Zhitong Finance APP, on Tuesday, the three major U.S. stock indexes opened slightly higher, with the Nasdaq rising 0.47%. Star tech stocks saw broad gains at the start, with Microsoft (MSFT.US) up nearly 3%, regaining a total market value of over $4 trillion. OpenAI signed a contract to purchase an additional $250 billion worth of Microsoft Azure services; Apple (AAPL.US) saw a slight increase of 0.2% in its stock price, with its total market value surpassing $4 trillion for the first time, making it the third U.S. company to reach a $4 trillion market cap. Tesla (TSLA.US), Nvidia (NVDA.US), and Broadcom (AVGO.US) all rose over 1%.
On the news front, JP Morgan analyst Samik Chatterjee stated that Apple's services business is expected to account for a quarter of Apple's total revenue, but the profit contribution could be as high as 50%, reflecting the "user stickiness" of products like Apple Pay and iCloud subscriptions. Chatterjee added, "Consumer engagement on the iPhone continues to rise, benefiting not only from the growth in device installations but also from a higher monetization level per device."
Additionally, under the combined effects of favorable macroeconomic conditions, continuous capital inflows, and seasonal trends, bullish sentiment on Wall Street is heating up at an unprecedented pace. On Monday, buoyed by positive trade signals, interest rate cut expectations, and strong corporate earnings reports, the S&P 500 index closed strongly at a record 6,875 points. This performance injected a strong dose of confidence into the market, with strategists from multiple institutions believing that the market is prepared to break through the 7,000-point barrier, with 7,500-7,700 points becoming the next target
