Beijing time on June 16 news, although the Federal Reserve announced a 75 basis point interest rate hike, but Fed Chairman Powell said that this rate of interest rate hike will not become the norm, giving investors a certain degree of confidence, US stocks closed up.
As of the close, the Dow rose 303.7 points, or 1%, to close at 30,668.53 points; the S&P 500 rose 54.51 points, or 1.46%, to close at 3,789.99 points; the Nasdaq rose 270.81 points, or 2.5%, to close at 11,099.15 point.
Most of the major technology stocks in the Chinese concept stocks closed up. Weilai rose more than 7% for the release of new models, and was “liked” by Deutsche Bank and Morgan Stanley. The monthly sales by the end of the year may reach 30,000.
Deutsche Bank analyst Edison Yu said in an investment report that despite the disappointing results in the last quarter, “NIO is starting the most important product cycle in its history. Affected by operational bottlenecks and the epidemic, the past few quarters have NIO deliveries are under pressure, but NIO production has returned to normal levels, and deliveries will increase from about 7,000 in May to 25,000 by the end of the year.”
The ET7 and ET5 are likely to be “the most popular models in China’s premium EV market this year,” meaning they are more popular than Tesla.
Morgan Stanley analyst Tim Hsiao said NIO will “suffer margin pain” in the second quarter, but sales will pick up after the second quarter, reaching as high as 30,000 units a month by the end of the year. He believes that the newly released ES7 model will help NIO have a better future.
Major U.S. tech giants rose across the board:
Most of China’s major tech stocks rose:
Other Chinese concept stocks that rose include:
Companies that fell include:
Hashtags: stock interest usa
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