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U.S. stocks soared late into the night.

Market IntelWednesday, Nov 6, 2024 11:20 am ET
1min 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.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.