25/08/2021
【Chinese concept stocks rebounded collectively, and the three major U.S. stock indexes rose! 】
Chinese concept stocks rose sharply, and the market sentiment drove US stocks to rise! The Nasdaq reached a new high, breaking the 15,000 mark!
The performance of the three major US stock indexes on August 24:
-US stocks Jones Index rose 30.55 to 35,366.26 points, an increase of 0.09%.
- Index rose 77.15 points to 15,019.8 points, an increase of 0.52%.
-The S&P 500 index rose 6.7 points to 4,486.23 points, an increase of 0.15%.
On August 24, Gary Gensler, chairman of the US Securities and Exchange Commission, mentioned that Chinese companies listed in the US should disclose political and regulatory risks to the investors.
Andrew Slimmon, Fund Manager of Morgan Stanley Investment Management, said that investors should take the opportunity set is in those stocks that got hit the most, namely the cyclical stocks, the energy stocks, the reopening stocks. Slimmon is scooping up shares of casino, cruise ship, restaurant and theater companies. He also suggested that investors should pay attention to those stocks that have fallen from a high to 20% or even 30%.
chief economic adviser Elian said that the U.S. stock market will not undergo significant adjustments before the end of this year. Unless there is a huge shock in the market. Now, investors should take advantage of the bargain, because he believes that Fed will not reduce the balance sheet within this year.
