On Thursday, a number of listed companies in the US stock market reported good financial results, and the US bond yield declined, boosting the collective gains of the three major US stock indexes. Among them, the Dow and the S&P 500 index rose less than 1%, while the Nasdaq rose the most, reaching 1.51%. Popular Chinese concept stocks rose generally. The NASDAQ China Golden Dragon Index rose 6%, new car makers rose sharply, Xiaopeng Auto rose nearly 16%, and Ideal Auto rose about 10%. After rising more than 10% on Wednesday, Weilai Auto continued to rise more than 6% on Thursday.
Apple's share price soared about 7% two days after the announcement of the largest stock repurchase plan in history
After the US stock market closed on Thursday, the US technology giant Apple released the results of the second fiscal quarter of fiscal year 2024. Earnings per share and overall revenue were slightly better than market expectations. At the same time Apple Announces the Largest Share Repurchase Program in the Company's History , with a total scale of 110 billion US dollars, Apple's share price soared about 7% after the session.
In addition, Qualcomm, an American chip company that announced better than expected financial results after Wednesday's afternoon trading, rose nearly 10% on Thursday, the biggest increase in more than 18 months.
Three major European stock indexes rose and fell on the 2nd
On Thursday, investors evaluated the signal of the Federal Reserve on the prospect of interest rate reduction and the financial reports of many large enterprises. The market was cautious. The French stock market and the German stock market, which were closed on Wednesday, failed to get off to a good start in May. By the end of the day, only the UK stock market among the three major European stock indexes had risen, but also within 1%.
In terms of financial reports, due to the higher than expected growth of pre tax profit in the first quarter, the share price of Standard Chartered Bank rose nearly 8.8%, which also supported the British stock market to rise.
Novo Nordisk's eye-catching financial report failed to impress investors. The company's share price fell on the second day
Novo Nordisk, the largest pharmaceutical company in Europe by market value, delivered a brilliant first quarter financial report on Thursday. Among them, the sales of star product Megglutide more than doubled, but did not meet market expectations. At the same time, the company raised the annual profit guidance and significantly increased investment in production capacity. After the opening of European shares, Novo Nordisk shares rose slightly and then fell. By the end of the day, its share price in Copenhagen Stock Exchange, Denmark, had fallen more than 2.7%.
International oil prices fluctuated slightly on the 2nd
In terms of commodities, it was reported on Thursday that "OPEC+" is expected to announce the extension of the production reduction agreement at the meeting in June, which will support oil prices. However, the power of demand side is still insufficient, which also worries investors. By the end of the day, the price of the main US oil contract had fallen by 0.06%, and the price of the main oil distribution contract had risen by 0.28%.
International gold prices fell slightly on the 2nd
Investors assess that the Federal Reserve may keep interest rates at a high level for a long time, making gold less attractive. International gold prices fell on Thursday. The Nymex gold price for June was at $2309.60/ounce, down 0.06%.
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