U.S. stocks soared late into the night.

Generated by AI AgentMarket Intel
Wednesday, Nov 6, 2024 11:20 am ET1min read

Beijing time on the evening of the 6th, the three major stock indexes in the US stock market rose sharply. The data shows that as of 23:15 Beijing time, the Dow Jones Industrial Average rose more than 1300 points, up 3.10%; the S&P 500 index rose 1.87%, and the Nasdaq index rose 2.18%. The stock price of Trump Media & Technology Group soared by more than 24%. The last time the Dow Jones Industrial Average rose more than 1000 points in a single day was on November 10, 2022, when the S&P 500 index rose more than 5.5% and the Nasdaq index even rose more than 7%. Tesla's stock price rose by as much as 15.17%. The stock price of social media company Trump Media & Technology Group soared. Bank stocks were boosted, with JPMorgan Chase, Bank of America and Wells Fargo all surging. The Russell 2000 index of small-cap stocks jumped. The US dollar index climbed to its highest level since July. The yield on the 10-year US Treasury note soared to around 4.43%. The yield on the 30-year US Treasury bond jumped 23 basis points, the largest single-day rise since 2020. The market continues to focus on the Federal Reserve's November monetary policy meeting. According to the agenda, the Fed will hold a policy meeting from November 6 to 7 and announce its interest rate decision after the meeting.

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