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June 30 (UPI) -- U.S. stocks opened a new week with a sharp rise in U.S. time Monday, wall walloons cheered news of Boeing's 737 Max test flight, but the response to the recent surge in new confirmed cases in the U.S. has been flat.
The Dow closed up 580.25 points, or 2.3 percent, at 25,595.80. It was the index's best day since soaring more than 3 percent on June 5; the Standard and Poor's 500 index rose 1.5 percent to 3,053.24 and the Nasdaq composite index rose 1.2 percent to 9,874.15.
In U.S. trading on Monday, technology leaders rose, with Apple up 2.30 percent at $361.78, Alphabet, Google's parent company, up 2.58 percent at $1,394.97, Amazon down 0.46 percent at $2,680.38 and Microsoft up 1.07 percent at $198.44. Facebook up 2.11% at $220.64, Oracle up 1.07% at $54.76, IBM up 2.18% at $119.75, Netflix It closed up 0.87 per cent at $447.24, Tesla closed up 5.17 per cent at $1009.35, Twitter rose 1.51 per cent and Uber rose 0.07 per cent. Lyft rose 2.45 percent.
Chip leading U.S. stocks were broadly higher, with Intel up 1.34 percent at $58.27, AusPD up 0.49 percent at $368.00 and Broadcom up 309 Texas Instruments rose 1.13 percent to $124.77 and Qualcomm closed up 1.12 percent at $89.01. AMD closed up 0.36 per cent at $50.28, Applied Materials up 1.16 per cent and Lighttech up 1.35 per cent.
Major U.S.-listed Chinese stocks were up and down, with Alibaba closing down 0.32 percent at $215.02, JD.com closing down 0.12 percent at $59.58, and Pindo closing up 2.71 percent at 87.47.Spell more cut price mutual help group chat WeChat group 2019It closed up 2.20 per cent at $45.50, Good Future closed down 1.30 per cent at $67.44, Aichiyi closed up 2.38 per cent at $23.26 and Who's Up 1.18 per cent at $58.33. Weibo closed down 2.09 per cent at $33.33, Sina up 2.34 per cent, Sohu up 0.34 per cent, Sogou up 1.23 per cent, Ctrip up 0.27 per cent, Car Home up 0.44 per cent and 58 per cent The same city fell 0.41%; Ulsan rose 4.78%; Jinshan Yun rose 1.84%, and Ruiyin Coffee was suspended from the market.
Boeing, an important part of the Dow Jones index, rose 14.4 percent after the Boeing 737 Max began certified flight testing on Monday. Investors see the test as a key step in Boeing's recovery from the worst corporate crisis in history. The crisis began in March 2019, when Boeing was involved in two air crashes in five months that killed 346 people.
Apple was also one of the biggest contributors to Monday's gains in the Dow, with its shares up 2.3 percent. Meanwhile, Facebook closed up 2.1 percent, rebounding from an earlier decline. The social media giant is under pressure after more companies said they would suspend advertising on its platform. Since Friday, Starbucks, Coca-Cola and drinks giant Diageo have all announced they will stop advertising on social media.
Data released by the National Association of Real estate agents (NAR) showed that the U.S. home sales index rose 44.3 percent month-on-month in May, the biggest monthly increase since the data began compiling in 2001, and boosted major U.S. stock indexes.
But John F. Kennedy According to data compiled by Johns Hopkins University, there have been more than 2.5 million confirmed cases of neo-crown pneumonia in the United States, resulting in more than 125,000 deaths. More than 10 million new cases of coronary pneumonia have been confirmed worldwide.
Erik Bregar, head of foreign exchange strategy at Bank of Canada, said: "The U.S. new crown pneumonia statistics deteriorated over the weekend . . . But investors eventually played down the negative sentiment again. "
"It's a big business," said Tom S. Smith, co-founder of Fundstrat Global Advisors, a market research firm. Analysts such as Tom Lee said they were pleased that the acceleration in the number of new crown infections in the US had not led to a significant rise in deaths.
Tom "Despite a number of worrying 'headlines' over the weekend, particularly the 'record number of cases', the number of deaths from neo-crown pneumonia in the Us has fallen to a new low of 253 per day," Lee said in an email to clients. "
He added: "While many people tend to be 'comprehensive' again, we believe that the difference between the number of new cases and the number of deaths, and the near-peak curve in New York, tells us that we may be close to the tipping point where cases are beginning to slow." "
Last week, the Dow fell 3.3 per cent, the index fell 2.9 per cent and the Na index fell 1.9 per cent.
Original title:U.S. stocks closed higher: Dodo, Beep rose more than 2 percent, and Tesla's share price returned above $1,000
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