China News Agency, New York, April 5th. Boosted by news that the non-agricultural employment data in March exceeded expectations and the expansion of the service industry was strong, the U.S. stock market rose across the board on the 5th, among which the Dow Jones Industrial Average and the Standard & Poor’s 500 stock indexes both hit records. The intraday and closing points are at record highs.
On the same day, among the three major stock indexes in New York, the Dow closed at 33,527.19 points, up 1.13%; the Nasdaq composite index closed at 13,705.59 points, up 1.67%; the S&P 500 index closed at 4,07.91 points, up 1.44%.
Sector stocks that have been hit harder by the epidemic before, such as aviation and cruise stocks, have led the way.
Among them, United Airlines rose 2.54%, Delta Air Lines rose 2.91%, Norwegian Cruise Line rose 7.81%, and Carnival Cruise Line rose 4.65%.
Last Friday, data released by the Labor Department showed that the US non-agricultural sector added 916,000 jobs in March, the largest increase since August last year.
On Monday, data released by the Institute for Supply Management (ISM) showed that the US service industry index rose to 63.7 in March, the highest value since records began in 2008.
The Wall Street Journal reported that U.S. stocks were closed for one day last Friday due to the Easter holiday. Therefore, the market effect of non-agricultural employment data was delayed until the 5th, which was superimposed with the latest service industry index news, which strongly boosted investors. Confidence in the recovery of the US economy.
The report also said that the vaccination work in the United States is accelerating, which has played a role in boosting the index to a new high.
According to statistics released by the Centers for Disease Control and Prevention (CDC), as of April 5, more than 167 million doses of the new crown vaccine have been vaccinated across the United States, and more than 107 million people have received at least one dose, accounting for 32.4% of the US population.
Bloomberg quoted analysts as saying that there is almost no reason to be short on the stock market, and even the yields of US long-term Treasury bonds have continued to decline.
However, there are some developments in the market this week that deserve attention, including the minutes of the Fed’s March monetary policy meeting to be announced on Wednesday, and the speeches by Fed officials, which may have an impact on the future trend of US stocks.
On the 5th, the shares of electric vehicle manufacturer Tesla attracted much attention from the market.
Due to favorable news such as delivery volume exceeding expectations in the first quarter and a number of investment banks raising target prices, Tesla's stock price rose 4.43% throughout the day to close at US$691.05.
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