US Stocks Open Higher, Fangdd Surges Over 47%
21:47 International oil prices continue to fall
WTI crude oil plummeted 4% during the day, currently trading at $66.87 per barrel. Brent crude fell by 3.65%, reporting $70.38 per barrel.
21:46 NASDAQ Golden Dragon China Index surges by 12%
The NASDAQ Golden Dragon China Index has surged by 12%, reaching a new high since May. TAL Education Group saw a rise of over 32%, Gaotu's increase was 25%, Tencent Music rose by 21%, New Oriental jumped by 19%, Beike by 19%, Yum China by 18.6%, Bilibili exceeded a 17% increase, JD.com rose nearly 14%, and Alibaba gained 8.6%.
21:30 U.S. stock market opens | All three major indices open higher with popular Chinese concept stocks broadly rising
The three major U.S. stock indices opened higher, with the Dow Jones Industrial Average up by 0.55%, the NASDAQ Composite up by 1.29%, and the S&P 500 Index up by 0.76%.
Popular Chinese concept stocks broadly rose, with Fangdd increasing by over 47%, BOSS Zhipin by over 14%, and Pinduoduo by over 12%. Micron Technology rose by over 17%, with first-quarter revenue expectations exceeding forecasts. Aimco increased by over 2%, amid rumors that French catering giant Sodexo is considering acquiring the company.
Advertisement
20:43 U.S. three major stock index futures rise before the market opens
As of press time, Dow futures were up by 0.44%, S&P 500 index futures were up by 0.82%, and NASDAQ futures were up by 1.52%.
20:40 European stock markets collectively riseAs of press time, the French CAC 40 index rose by 1.56%, the German DAX index increased by 1.17%, and the UK's FTSE 100 index gained 0.26%.
20:39 Micron Technology's pre-market increase exceeds 17%
Micron Technology's stock price increased by more than 17% before the market opened. On September 25th local time, Micron forecasted its revenue for the next quarter to be between $8.5 billion and $8.9 billion.
20:36 Bilibili's pre-market increase exceeds 11%
Bilibili's stock price increased by more than 11% before the market opened. In terms of news, Goldman Sachs upgraded Bilibili's rating to "Buy," noting that the company's gaming products have a long lifespan, with room for mid-term profit growth.
20:33 Initial jobless claims in the US for the week ending September 21st are 218,000
The number of initial jobless claims in the United States for the week ending September 21st is 218,000, with the previous figure revised from 219,000 to 222,000.
20:33 The final annualized Q2 GDP growth rate for the US is 3%
The final annualized growth rate of the US's real GDP for the second quarter is 3%, unchanged from the previous figure.