The four giants, Hengqiang, U.S. stocks collectively open higher and the Nasdaq rose nearly 150 points

Original Title: Hengqiang, the Big Four, US Stocks Collectively Higher Open and Nasdaq rose nearly 150 points Source: Financial industry website
Financial Sector US Stocks News, July 31, Beijing time, investors are paying attention to economic data and the progress of the new round of economic stimulus plans. At the same time, the four major technology giants, Apple, Amazon, Google and Facebook, have dazzling financial reports and boosted the market. US stocks collectively Open higher; technology stocks collectively move higher. Apple rose by about 7% to set a new record high. The performance in the second quarter was better than market expectations and the board of directors approved the 1:4 stock split plan; Facebook’s net profit in the second quarter increased by nearly 100% year-on-year and the opening rose by about 9%.
On Friday, the Dow Jones Index rose 37.72 points, or 0.14%, to 26,351.37 points; S&P 500 Index rose 15.78 points, or 0.49%, to 3262.00 points; Nasdaq Composite Index rose 142.91 points, or 1.35%, to 10,730.73 points.
European stocks rose across the board. The Stoxx Europe 600 index rose 0.8%. As of the close, the Shanghai Composite Index rose 0.71%, and the Shenzhen Component Index rose 1.29%. The Nikkei 225 index fell 2.82%, and the South Korean KOSPI index fell 0.78%.
Oil prices rebounded from a three-week low, but the outlook is not optimistic due to the raging epidemic. WTI crude oil futures rose 1.2% to $40.38 per barrel; Brent crude oil futures rose 1.1% to $43.41 per barrel.
Due to the surge in new crown cases and the possibility of postponement of the US general election, the US dollar weakened and gold prices rose. US COMEX gold futures rose 1.5% to 1971.70 US dollars per ounce; US dollar index futures fell 0.4% to 92.69.
US President Trump proposed on the 30th the possibility of postponing the 2020 presidential election originally scheduled for November 3. He questioned the possible unfairness of voting by mail. The Democratic Party immediately attacked Trump’s remarks.
Trump posted on social media the same day that if the 2020 presidential election were all voted by mail, it would be the “most inaccurate and most deceptive” presidential election in U.S. history and it would be extremely embarrassing for the United States. Can the election be postponed until people can vote in a proper and safe manner?”
According to the U.S. Constitution, the power to set the date, place, and method of presidential elections belongs to both houses of Congress, and Congress has the power to make changes. The president does not have these powers. According to a bill passed by Congress in 1845, the polling day for the presidential election is set on the first Tuesday of November of the election year. This date cannot be changed unless new legislation is introduced.
The first estimate released by the U.S. Department of Commerce on the 30th local time showed that due to the large-scale economic “closure” caused by the new crown pneumonia epidemic, the actual gross domestic product (GDP) of the United States fell 32.9% at an annual rate in the second quarter of this year. The biggest drop since the release of quarterly data in 1947.
Data show that in the second quarter, personal consumption expenditure, which accounts for about 70% of the U.S. economy, fell sharply by 34.6%, dragging down the quarter’s economic growth by 25.05 percentage points; non-residential fixed asset investment, which reflects the investment status of companies, fell sharply by 27%; Due to the government’s economic stimulus policy, federal government spending increased by 17.4%. Since the release of quarterly GDP data in 1947, the U.S. economy has experienced a 10% decline in 1958. During the 2007-2009 financial crisis, the largest decline in the US economy was the 8.4% decline in the fourth quarter of 2008.
The four major US technology giants-Apple, Amazon, Facebook, and Google’s parent company Alphabet, all released their latest quarterly earnings today. The financial data of the four giants is very strong, and in most aspects exceeded analyst expectations. Affected by this, Apple’s stock price rose 6.4% before the market on Friday, and the stock price rose more than $400, and hit a record high; Amazon rose 5.2%; Facebook rose 5.9%; Google parent company Alphabet rose 0.6%.
Apple’s third-quarter net revenue was US$59.685 billion, an increase of 11% year-on-year, exceeding expectations; net profit of US$11.253 billion, an increase of 12% year-on-year, exceeded expectations. Apple’s board of directors also approved a 1:4 stock split plan. According to the plan