On July 13, the market worried about the relief, the European and American stock markets rebounded strongly on Thursday, and technology stocks pushed the Nasdaq to rise 1.39%. In addition, the US June CPI increased by 2.9% year-on-year, the largest increase since February 2012. China's concept stocks rose, with 哔哩哔哩 (B) rising 11.58% and iQiyi rising 10.75%. On the other hand, Shengshi Leju plunged 44.95% and Lanting collected 8.70%. US technology stocks also rose mostly, with software company Crown (CA Inc.) up 18.65% and Zuora up 6.72%. On the other hand, Broadcom fell 13.76% and Netflix fell 1.23%.
The Dow Jones Industrial Average rose 224.44 points to close at 24,924.89 points, or 0.91%. The S&P 500 index rose 24.27 points to close at 2798.29 points, or 0.87%. The Nasdaq Composite Index rose 107.31 points to close at 7823.92, an increase of 1.39%.
The top five technology giants of the “FAANG” group rose, with Alphabet up 2.58%, Amazon up 2.37%, Facebook up 2.19%, and Apple up 1.72%, but Netflix fell 1.23%.
[Chinese concept stocks]
Chinese concept stocks were mixed, with companies with larger gains including: 哔哩哔哩 (up 11.58%), iQiyi (up 10.75%), 优信 (up 9.31%), temple bank (up 9.05%) , Lexin (up 8.03%), Lancome (up 7.54%), red, yellow and blue (up 7.54%), Park New Education (up 6.42%), Sogou (up 6.34%), Baozun e-commerce (up 6.16%) ), Zhongtong Express (up 5.03%), Jingrui Education (up 4.72%), SMIC (up 4.21%), Sohu (up 3.93%), Baidu (up 3.90%), Easy Car (up 3.67%), Good future (up 3.44%), point bull finance (up 3.43%), Momo (up 3.14%), Suntech (up 3.13%), New Oriental (up 2.88%), and credit (up 2.81%), tiger teeth ( Up 2.47%), China Net (up 2.43%), Ruisi Education (up 2.38%), Weibo (up 2.29%), Huami Technology (up 2.23%), pleasant loans (up 2.18%), cars Home (up 2.15%), financial sector (up 2.08%), fun shop (up 1.85%), Jumeiyou (up 1.77%), pat on loan (up 1.55%), Phoenix New Media (up 1.54%) ),Beijing (Up 1.50%), Ali Baba (up 1.47%), cheetahs movement (up 1.44%), Sina (up 1.11%), St. Vantage (up 1.09%) and 58 city (1.01% up).
On the other hand, companies with larger declines include: Shengshi Leju (down 44.95%), Lanting Gather (down 8.70%), ninth city (down 5.41%), 500 lottery network (down 1.98%), Hangmei Media (down 1.68%), SouFun (down 1.67%) and Changyou (down 1.01%).
Shengshi Leju (NASDAQ:SSLJ) announced on the 12th that its board of directors has appointed and approved Li Jianbao as its CEO and chairman of the board of directors. It will take effect from July 12, 2018, and he will replace the outgoing CEO. Chairman Zheng Zheng's position. Zheng Yi has decided to resign as CEO and Chairman of Shengshi Leju for personal reasons and will no longer be responsible for the company's business operations, effective from July 12, 2018. Li Jianbao has more than 15 years of experience in Internet business operations and related research and development experience. He has been the company's chief operating officer and board member since the establishment of Shengshi Leju.
On July 12th, the electronic product recycling and trade-in platform love recycling announced that it has completed a new round of financing of US$150 million, which is by far the largest single financing in the global electronics recycling field. This round of financing was exclusively led by Tiger Global Fund, and Jingdong Group (NASDAQ: JD) was the exclusive financial advisor with the investment and Thai joint venture. After completing this round of financing, the value of love recycling has exceeded $1.5 billion. Hu Shengli, senior vice president of Jingdong Group and president of Jingdong Fashion Life Group, said that with the gradual deepening of the retail industry, more and more new consumption has begun to appear in the online trade-in scenarios.
Alibaba (NYSE: BABA) and Marriott International Joint Venture (hereinafter referred to as “joint venture”) have another tourism innovation service: from July onwards, Marriott International will join hands with Alibaba's comprehensive travel service platform to fly pigs. Self-service check-in service based on face recognition technology will be introduced, and the “brush face” will be opened. The service is designed to provide more choices for Chinese consumers who are keen on new technologies and further enhance their travel experience; Marriott International will also become a leader in the international hotel industry to explore smart occupancy services.
On July 12th, Beijing time, Qijia.com successfully listed on the Hong Kong Stock Exchange and became the first listed company in the Internet home improvement industry in the Mainland. Wu Haifeng, Vice President of Baidu (NASDAQ: BIDU) and Zhou Huan, Senior Director of Strategic Investment Management Department of Baidu Group attended the ringing ceremony. In 2010, Baidu's 190 million shares held a shareholding of 14.393%, becoming the second largest shareholder of Qijia. Qijia.com is an important layout of Baidu Investment Ecology in the vertical track. Over the years, Baidu has given various support in terms of traffic, resources and technology.
[US Technology Stocks]
US technology stocks also rose, among which companies with larger gains included: Guanqun (up 18.65%), Zuora (up 6.72%), Roku (up 5.23%), Dropbox (up 4.78%), and PayPal (up 3.34). %), Zynga (up 3.29%), Spotify (up 3.29%), Twitter (up 3.17%), Square (up 2.98%), Adobe (up 2.72%), Alphabet (up 2.58%), Cisco (up 2.37) %), Amazon (up 2.37%), Micron Technology (up 2.36%), Intel (up 2.29%), Facebook (up 2.19%), Microsoft (up 2.17%), BlackBerry (up 2.13%), HP (up 2.04) %), Hewlett-Packard (up 1.92%), Box (up 1.90%), Snap (up 1.87%), Qualcomm (up 1.78%), AMD (up 1.75%), Apple (up 1.72%), eBay (up 1.54) %), Nvidia (up 1.49%), Eastman Kodak (up 1.28%), VMware (up 1.09%), Oracle (up 1.07%), Applied Materials (up 1.08%) and IBM (up 1.04%).
On the other hand, companies with larger declines included Broadcom (down 13.76%) and Netflix (down 1.23%).
Microsoft's share price closed up more than 2% on Thursday, at $104.19, a record closing high. According to this calculation, the company's market value reached $85 billion, breaking the $800 billion market value mark for the first time in the company's history; Microsoft's share price once hit a record high of $104.41, compared to the previous record of $102.34 set last month. For now, only three companies have higher market capitalization than Microsoft, which are Apple, Amazon and Google.
According to foreign media reports, TF International Securities analyst Ming-Chi Kuo recently released a research report, revealing information about new hardware products that Apple will release this fall. In addition to the previous prediction that Apple will release a new iPhone, Guo Minghao said in the latest research report that Apple will release the new iPad Pro, Mac, and Apple Watch. According to Guo Minghao's prediction, the 11-inch iPad Pro will replace the current 10.5-inch iPad Pro, which means the iPad Pro will be sized to 7.9-inch, 9.7-inch, 11-inch, and 12.9-inch.
Affected by tariff factors, Tesla's products sold in the Chinese market have all been raised prices, of which the Model X of the SUV model has the largest increase, rising by 25.66 million yuan. Tesla's official website information shows that the price of the different configurations of the Model S and Model X models currently sold in Tesla is over 100,000 yuan. Taking the Model S minimum configuration 75D as an example, the price rose from 710,600 yuan to 849,900 yuan, up by 139,400 yuan; the high-profile version of the SUV model X increased the most, from 1,350,600 yuan to 1,572,200 yuan, up 25.66 million yuan.
Qualcomm announced on Thursday that it will pay a quarterly cash dividend of $0.62 per common share. The dividend will be held on September 26, 2018. Shareholders who are registered at the end of the business on September 5, 2018 are entitled to dividends. In addition, Qualcomm also announced that the company will release its third quarter earnings for FY 2018 after the closing of the US stock market on July 25, 2018 (the early morning of July 26, Beijing time).