Friday's market reversal, let's take a look at the summary:
The Dow Jones index closed up 466.36 points, or 1.47%, at 32196.66 points on May 13;
The S&P 500 closed on May 13, up 93.81 points, or 2.39%, at 4023.89 points;
The Nasdaq Composite Index closed up 434.04 points, or 3.82%, at 11,805.00 points on May 13.
Let's take a look at the previous situation:
The Dow fell for the seventh straight week, the longest losing streak since the late winter of 1980;
The S&P 500 fell for a sixth straight week, its longest losing streak since the fall of 2012;
The Nasdaq fell for a sixth straight week, its longest losing streak since the spring of 2011.
This is the overall picture, and in the market rout, technology stocks fell the most, especially the semiconductor sector. Therefore, the semiconductor sector collectively reversed on Friday, and many stocks rose surprisingly.
The specific situation of the general rise of the semiconductor sector is as follows:
Nvidia (NVDA.O) rose 9.13%, AMD (AMD.O) rose 8.33%, Marvell Technology (MRVL.O) rose 7.41%, STMicroelectronics (STM.N) rose 6.19%, ON Semiconductor (ON) .O) rose 5.47%, Micron Technology (MU.O) rose 5.15%, NXP (NXPI.O) rose 3.52% and Qualcomm (QCOM.O) rose 2.23%.
At the same time, the super-large stocks with the top market value also fell sharply in this round of decline. Friday's rebound also gave these stocks a great chance to rebound, especially the stocks that led the decline before.
For example: Netflix (NFLX.O) rose 7.65%, Tesla (TSLA.O) rose 5.71%, and Amazon (AMZN.O) rose 5.73%. Separately, Apple (AAPL.O) and Google (GOOGL.O) rose about 4 percent at one point.
The same three questions are asked:
How long do you think Friday's rally will last?
Or do you think the downside is over and an upside is about to come?
What stock are you holding now?
Anyway, thanks to Friday's rally, I managed to capture TSLA's $49 rally in today's trade, and I've had enough of that profit. Hope you all get good returns.
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