At the opening of the U.S. stock market last night, Chinese concept stocks continued the rally of Hong Kong stocks during the day on February 14, and the Nasdaq China Golden Dragon Index rose by more than 2%!
Nvidia rose more than 2%, surpassing Google in terms of market capitalization to become the third most valuable company in the United States.
The three major U.S. stock indexes rose together.
Terry Sandven, chief strategist at BofA Wealth Management, said that while the January CPI report may delay the timing of the Fed's first rate cut from March to the second half of 2024, which investors initially expected, the rally in U.S. stocks is not over.
Tuesday's **, he said, "makes valuations more in line with fundamentals." This time**, it provides an opportunity to enter the market for investors who are guided by reasonable valuations. But importantly, we don't see this as the end of the rally in US equities, as inflation, interest rates and earnings reports still support stock prices**. There will not be a long-term downturn in the future."
In addition, Bitcoin once touched $52,000 upwards, up 501%, *According to the statistics of the platform CoinMarketCap, the total market value of global bitcoin circulation weighed $1 trillion, the first time since the end of 2021.
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** trading on the Moscow Exchange in Russia was suspended at 10:35 local time on the 14th. Previously, the exchange had issued a notice that trading on February 13 and 14 could be temporarily suspended due to technical reasons.
Subsequently, the exchange announced that the Moscow Exchange announced that it would restart trading** market at 11:35 Moscow time (16:35 Beijing time).
On the 13th local time, the Moscow Exchange suddenly issued an announcement that ** trading had been suspended at 13:58 Moscow time, and the resumption time would be notified separately.
This sudden news sparked heated discussions among investors.
However, the Moscow Exchange then announced that ** trading will resume at 15:45 Moscow time (20:45 Beijing time). The previous trading halt was related to a hardware failure.
On the same day, the Russian Moex Russia index closed at 325460 points, **019%。
On the 12th, the Moscow Exchange announced that it would update the ** and foreign exchange market T1 test environment from the 13th to the 14th local time. During this period, the trading system and some related services may be temporarily unavailable.
*: China ** Daily, ** Times, National Business Daily.