The Dow rose nearly 400 points late at night, U.S. storage stocks counterattacked, and San Disk soared 14%
On July 21, local time, U.S. stocks opened higher and moved higher, with the three major indexes collectively closing higher. The Nasdaq rose 1.29%, the Dow rose nearly 400 points, or 0.74%; the S&P 500 rebounded after falling for three consecutive days, rising nearly 0.9%. Semiconductor chip stocks generally rose, with the Philadelphia Semiconductor Index rising 5.21%, the largest single-day gain since June 22. The storage sector made a strong counterattack. Kioxia ADR rose by more than 17%, SanDisk soared by more than 14%, SK Hynix rose by more than 13%, Western Digital and Micron rose by more than 12%, Seagate Technology rose by more than 11%, and Intel rose by more than 8%.
On July 21, local time, U.S. stocks opened higher and moved higher, with the three major indexes collectively closing higher. The Nasdaq rose 1.29%, the Dow rose nearly 400 points, or 0.74%; the S&P 500 rebounded after falling for three consecutive days, rising nearly 0.9%. Semiconductor chip stocks generally rose, with the Philadelphia Semiconductor Index rising 5.21%, the largest single-day gain since June 22. The storage sector made a strong counterattack. Kioxia ADR rose by more than 17%, SanDisk soared by more than 14%, SK Hynix rose by more than 13%, Western Digital and Micron rose by more than 12%, Seagate Technology rose by more than 11%, and Intel rose by more than 8%. Many popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling nearly 0.7%. NetEase and Daqo New Energy fell by more than 3%, Tencent Music, Shell, Sohu, and Alibaba fell by about 2%; on the upside, ASE Semiconductor rose by more than 8%, UMC and Canaan Technology rose by more than 4%, and Pony.ai rose by nearly 3%. International oil prices rose to their highest level in five weeks. Brent crude futures rose 2% to close at $91.01 a barrel, the highest closing price since June 10. (Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors operate at their own risk.)