Today, the A-share market is about to usher in the first trading day after the holiday. Overnight, most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 2.65%. Upon returning from the long holiday, there is a flurry of positive news. The opening of the new year is eagerly anticipated. A-shares, hold your breath!
On Tuesday local time, the three major US stock indexes closed higher. As of the close, the Dow Jones Industrial Average rose 0.30% to 44,556.04 points; the Nasdaq Composite Index rose 1.35% to 19,654.02 points; and the S&P 500 Index rose 0.72% to 6,037.88 points.
The Nasdaq’s daily gain of more than 1% was mainly driven by a rebound in technology stocks. On Tuesday local time, large-cap technology stocks in the US market generally rose. In terms of individual stocks, Palantir surged about 24%, with its Q4 2024 revenue increasing by 36% year-on-year and its 2025 performance guidance far exceeding expectations.
In the commodities market, rising risk aversion pushed up international gold prices, with spot gold hitting a new all-time high, breaking through the $2,840/ounce mark. In addition, the US resumption of its “maximum pressure” policy against Iran caused disturbances on the supply side of the crude oil market, leading to an overnight “V-shaped” reversal in international oil prices. Brent crude oil turned from a decline to a gain, while WTI crude oil rose sharply in the short term before closing slightly lower.
US Stocks Rebound, Popular Chinese Concept Stocks Surge
On February 4th, local time, the three major US stock indexes closed higher, with the Nasdaq Composite Index gaining more than 1%. As of the close, the Dow Jones Industrial Average rose 134.13 points, or 0.30%, to 44,556.04 points; the Nasdaq Composite Index rose 262.06 points, or 1.35%, to 19,654.02 points; and the S&P 500 Index rose 43.31 points, or 0.72%, to 6,037.88 points.
Large-cap technology stocks generally rose, with Apple, Tesla, and Google up more than 2%, Nvidia, Netflix, and Amazon up more than 1%, and Meta and Microsoft up slightly.
In terms of individual stocks, Palantir surged about 24%, with its Q4 2024 revenue increasing by 36% year-on-year and its 2025 performance guidance far exceeding expectations. Google’s US stock fell more than 8% after hours, as Alphabet, Google’s parent company, reported Q4 revenue of 96.62 billion.
Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 2.65%. Pinduoduo and XPeng Motors rose more than 8%, Vipshop rose more than 6%, Baidu, iQIYI, Lixiang Automobile, and Beike rose more than 5%, Full Truck Alliance and Alibaba rose more than 3%, and JD.com, NIO, and Tencent Music rose more than 2%; NetEase fell more than 2%, and Ctrip.com fell more than 1%.
