NASDAQ hits a new all-time high intraday, with GameStop up 24%, Nvidia up over 5%, Chinese concept stocks generally rising, and US oil up 2%
Apple rose by 1.1%, data shows that Apple's iPhone shipments in China increased by 52% in April
In early trading on Tuesday, the three major U.S. stock indexes showed mixed movements. The Nasdaq hit a new historical high intraday, with GameStop surging by 24% and NVIDIA rising more than 5%. Precious metals rebounded, with spot silver rising by over 1%, the U.S. dollar weakening, and crude oil rising by 2%.
At the time of writing, the Dow Jones Industrial Average fell by 0.3%, the S&P 500 Index rose by 0.5%, and the Nasdaq rose by 0.2%. The U.S. stock trading settlement cycle has changed from T+2 to T+1.
Stocks related to the WallStreetBets (WSB) concept generally rose, with GameStop rising by about 24%. Previously, they completed an At-The-Market (ATM) offering at market price, raising a total of approximately $933.4 million.
Among the "FAAMG" stocks, Apple rose by 1.1%, with data showing a 52% increase in iPhone shipments in China in April.
NVIDIA rose by over 5% at one point. Last week, NVIDIA announced a 10:1 stock split, leading to speculation in the industry that this move may be in preparation for joining the Dow Jones Industrial Average.
Tesla fell by over 3%, currently trading at $173.67.
Additionally, Microsoft, Amazon, and Meta saw slight declines.
Chinese concept stocks rose across the board, with Faraday Future rising by over 6%, Nio and Li Auto rising by over 2%, and XPeng up by 0.7% Precious metals fluctuated and rebounded, with spot silver rising by 1.1% and spot gold rising by 0.4% intraday.
The US dollar index maintained a downward trend, falling by 0.16% intraday.
Oil prices continued to rise, with WTI crude oil rising by nearly 2%.
The increase in US Treasury yields eased, with the 10-year Treasury yield falling by 1.4 basis points