Sino-Singapore Jingwei Client, September 3, US Eastern Time Wednesday, the three major US stock indexes collectively closed up.

The Dow rose more than 450 points to regain the 29,000 mark, and the Nasdaq and S&P 500 index reached new highs.

Tesla fell nearly 15% during the session, and finally closed down 5.83%.

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

　　As of the close, the Dow rose 454.84 points, or 1.59%, to 29,100.50 points; the Nasdaq rose 116.78 points, or 0.98%, to 12,056.44 points; the S&P 500 index rose 54.19 points, or 1.54%, to 3,580.84 points.

　　Large American technology stocks rose mixed. Apple fell 2.08%, Amazon rose 0.92%, Netflix fell 0.67%, Google rose 3.76%, Facebook rose 2.39%, and Microsoft rose 1.93%.

　　US financial stocks rose collectively. JPMorgan Chase rose 1.46%, Goldman Sachs rose 2.23%, Citigroup rose 1.46%, Morgan Stanley rose 1.24%, Bank of America rose 1.19%, Wells Fargo rose 2.12%, and Berkshire Hathaway rose 1.21%.

　　American Airlines stocks rose collectively, Boeing rose 1.58%, American Airlines rose 0.99%, Delta Airlines rose 1.4%, Southwest Airlines rose 3.31%, United Airlines rose 2.44%.

　　Most popular Chinese concept stocks closed down. Alibaba fell 0.66%, JD.com rose 0.87%, Baidu fell 2.1%; Youdao fell 14.33%, GSX fell 12.03%, Shell fell 8.35%, Pinduoduo fell 1.17%, Weilai Automobiles fell 0.89%; the ninth city rose 23.4%, and Renren rose 12.37%.

Tesla stock price trend source: Wind

　　In terms of individual stocks, Tesla closed down nearly 6%, and fell nearly 15% at one time.

On the news, the US Securities Regulatory Commission disclosed on September 2 that Baillie Gifford, Tesla's largest institutional shareholder, had recently reduced its holdings involving approximately US$9.6 billion.

It is reported that Baillie Gifford's shareholding in Tesla will be reduced from 6.32% to 4.25%.

In addition, Tesla recently announced a plan to raise funds involving US$5 billion in new shares issuance.

　　In terms of economic data, the Fed’s Beige Book report shows that economic activities in most jurisdictions have increased in the last month, but the growth rate is still far below the level before the outbreak of the new crown pneumonia.

In addition, the number of ADP employment in the United States increased by 428,000 in August, the third largest increase on record, but still far below the expected 950,000.

　　In European stock markets, the three major European stock indexes collectively rose.

The London Stock Market "Financial Times" average price index of 100 stocks on the 2nd closed at 5,940.95 points, an increase of 78.90 points or 1.35% from the previous trading day.

The CAC40 index on the French Paris stock market closed at 5031.74 points on the 2nd, an increase of 93.64 points, or 1.90%, from the previous trading day.

The DAX index on the Frankfurt stock market in Germany rose 269.18 points on the 2nd, or 2.07%, to close at 13243.43 points.

　　In terms of international oil prices, the West Texas Intermediate Crude Oil (WTI) futures price for October delivery on the New York Mercantile Exchange fell by US$1.25, or 2.9%, to close at US$41.51 per barrel.

The London Intercontinental Exchange's November Brent crude oil futures price fell 1.15 US dollars, or 2.5%, to close at 44.43 US dollars per barrel.

　　In terms of international gold prices, the most active December gold futures price on the New York Mercantile Exchange gold futures market fell 34.2 US dollars from the previous trading day on the 2nd, and closed at 1944.7 US dollars per ounce, a decrease of 1.73%.

　　The US dollar index rose on the 2nd. As of the end of New York trading, the US dollar index, which measures the US dollar against six major currencies, rose 0.53% to 92.8489.

(Zhongxin Jingwei APP)