China-Singapore Jingwei Client, July 30, Eastern Time Wednesday, the three major U.S. stock indexes collectively closed higher, the Dow closed up more than 160 points, and the Nasdaq and S&P 500 both rose more than 1%. Technology stocks generally rose, Apple rose nearly 2%, Tesla rose 1.5%, AMD rose 12.5%; Kodak rose 318%, a two-day increase of 1167%, after the company received a US government loan of 765 million US dollars for the production of generic drugs .

  Time-sharing chart of the three major US stock indexes. Source: Wind

  As of the close, the Dow Jones Industrial Index rose 160.29 points, or 0.61%, to 26539.57 points; the Nasdaq index rose 140.85 points, or 1.35%, to 10542.94 points; the S&P 500 index rose 40 points, or 1.24%, to 3,258.44 points .

  On the news, the Federal Reserve announced the latest interest rate decision, keeping the benchmark interest rate unchanged at the range of 0%-0.25%, in line with market expectations. The Fed said it will continue to maintain interest rates at the current level until the Fed is convinced that the economy has weathered the crisis. At a subsequent press conference, Fed Chairman Powell said that the issue of interest rate hikes is not currently considered. High-frequency data shows that the speed of the US economic recovery has slowed down, and the GDP contraction in the second quarter may be a record.

  On the disk, most of the major US technology stocks rose, Apple rose 1.92%, Amazon rose 1.11%, Netflix fell 0.82%, Google rose 1.32%, Facebook rose 1.38%, and Microsoft rose 1.01%.

  According to a CCTV report, on the 29th local time, the U.S. House of Representatives Judiciary Committee convened a hearing on the CEOs of the four major technology companies Apple, Amazon, Google and Facebook to examine whether these technology companies are suspected of monopolizing the online market.

  American Airlines stocks fell across the board, Boeing fell 2.83%, American Airlines fell 3.14%, Delta Airlines fell 0.87%, Southwest Airlines fell 1.55% and United Airlines fell 2.66%.

  US financial stocks rose collectively. JPMorgan Chase rose 2.45%, Goldman Sachs rose 0.46%, Citigroup rose 2.44%, Morgan Stanley rose 0.64%, Bank of America rose 3.74%, Wells Fargo rose 0.98%, and Berkshire Hathaway rose 1.14%.

  Most popular Chinese concept stocks rose. Alibaba rose 1.34%, rose 1.79%, Baidu rose 3.57%; Kangdi Auto rose 140.83%, Kaixin Auto rose 16.76%, Mavericks rose 11.07%, and Dianniu Finance rose 10.6% , Weilai Automobile rose 3.5%; Taoping fell 14.08%, Anbo Education fell 6.67%, and Puxin Education fell 6.24%.

  Kodak's stock price recently rose and fell. Source: Wind

  In terms of individual stocks, Kodak's share price rose sharply for two consecutive days. Before the market on Tuesday, Eastern Time, Kodak announced that it had obtained a US$765 million loan from the US government for the production of generic drugs. On the same day, Kodak's stock price rose by 203.05%. On Wednesday, Kodak's stock price continued its upward trend, rising by more than 570% during the intraday session, triggering circuit breakers several times, and rising by 318.14% as of the close. Wind data shows that Kodak's stock price has risen by 1167.18% over the two days.

  In terms of European stocks, the British FTSE 100 Index reported 6131.46 points, up 2.20 points, or 0.04%; France’s CAC40 Index reported 4,958.74 points, up 29.80 points, or 0.60%; Germany’s DAX Index reported 12822.26 points, down 13.02 points, or 0.10%. .

  In terms of international oil prices, WTI September crude oil futures prices rose by US$0.23, or 0.56%, to US$41.27 per barrel.

  In terms of international gold prices, the most active August gold futures price on the New York Mercantile Exchange gold futures market on the 29th rose 8.8 US dollars from the previous trading day to close at 1,953.4 US dollars per ounce, an increase of 0.45%. The starting price of gold rose for 9 consecutive trading days, and the closing price hit a record high.

  The U.S. dollar index fell on the 29th. As of the end of New York trading, the U.S. dollar index, which measures the dollar against six major currencies, fell 0.23% to 93.4759. (Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)