The three major U.S. stock indices closed higher collectively, with Intel rising over 5%

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On Tuesday (24th) Eastern Time, technology stocks led the market rebound, with the three major U.S. stock indexes closing higher. The Dow rose 0.76%, the S&P 500 increased 0.77%, and the Nasdaq gained 1.04%.

In the market, most large tech stocks rose, with Tesla and Apple up over 2%, Amazon and Microsoft up over 1%, Nvidia and Meta slightly higher, and Google down.

Most chip stocks increased, with the Philadelphia Semiconductor Index up 1.45%. AMD surged over 8%, Intel rose over 5%, TSMC up over 4%, ARM and Qualcomm up over 3%.

Most Chinese concept stocks gained, with the Nasdaq Golden Dragon China Index up 1.37%.

At the close, Alibaba rose 0.22%, Pinduoduo up 1.06%, NetEase up 0.73%, JD.com up 1.07%, Baidu down 0.23%, Ctrip up 1.59%, Li Auto up 1.3%, Futu Holdings down 1.89%, Bilibili down 0.5%, NIO up 0.19%, China Internet Sector up 6.68%, GDS Holdings up 6.72%, 51Talk up 7.75%.

Among popular Chinese concept stocks, GDS Holdings, China Internet Sector, and Xpeng Motors rose over 6%, JinkoSolar and Bawang Tea Princess nearly 5%, Kingsoft Cloud up over 4%, TAL Education up over 3%; Hesai Technology down over 2%, Zhaopin and Pony.ai down over 1%.

The three major European stock indexes closed mixed: Germany’s DAX fell 0.02% to 24,986.25 points, France’s CAC 40 rose 0.26% to 8,519.21 points, and the UK FTSE 100 declined 0.04% to 10,680.59 points.

In precious metals, by the end of New York trading, COMEX gold futures fell 1.12% to $5,166.90 per ounce; COMEX silver futures rose 0.57% to $87.695 per ounce.

International oil prices declined. NYMEX light crude oil futures for April delivery closed at $65.63 per barrel, down 1.03%; Brent crude oil futures for April delivery closed at $70.77 per barrel, down 1.01%.

Sources: Cailian Press, China News Agency Jinwei

Compiled by Upstream News Editor: Chen Yanqi

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