U.S. stocks opened higher on Thursday, April 1, with the Nasdaq up 1.24% and the S&P 500 breaking the 4,000-point mark shortly after the opening bell.
Charging pile concept stocks, popular Chinese stocks and new energy vehicle stocks rose generally.
U.S. stocks in the charging pile sector, Chargepoint Holdings rose more than 10%, Blink Charging, TPG Pace Beneficial Finance Corp. are up more than 5%, Beam Global rose nearly 2%, news that Biden plans to promote the construction of electric vehicles and charging stations.
tesla rose 3 percent, Azera rose 6.5 percent, and Xiaopeng rose 6.5 percent.
Back to the Hong Kong stock market secondary listing of Beeping rose 5.7%, Baidu rose 2.6%.
Sectors such as semiconductors, Internet, biotechnology, optional consumer, energy and airlines were among the top gainers.
U.S. bond yields moved lower before and after the opening bell on April 1, falling 5.5 basis points below the 1.7% key point.
On the first trading day of the second quarter, Asian markets opened in the red across the board, with technology stocks moving up significantly and core assets surging. Europe’s major indices opened collectively higher. Crude Oil and Gold also rose in tandem.
Some market analysts said that it was mainly because economic data from major countries boosted market expectations for a sustained economic recovery, including U.S. employment data, China’s manufacturing PMI, and Chinese industrial enterprise profit data. In addition, the rebound in the U.S. Epidemic suppressed investor interest in reflationary trading, and the fall in U.S. bond yields from high levels eased pressure on technology stocks, with gold benefiting from a weaker dollar. And crude oil may be boosted by news of the OPEC+ meeting.
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