U.S. Stocks Close Higher For A Second Straight Day, HSI Posted A New 2-month High - Doo Prime News
Doo Prime News > Analysis > Global Stock Markets > U.S. Stocks Close Higher For A Second Straight Day, HSI Posted A New 2-month High
U.S. Stocks 

Fundamental Analysis: 

U.S. stocks rose late on Tuesday, 7th June 2022, to close higher for a second straight day, with technology and energy stocks gaining and the S&P 500 approaching a near one-month high.

Apple rose 1.8% despite earlier news that the company must replace iPhone ports sold in Europe by 2024 after EU countries and lawmakers agreed to use a single charging port for phones, tablets and cameras.

The S&P 500 index of technology stocks rose by 1%, giving the benchmark the biggest boost.

Microsoft climbed 1.4%. The S&P 500 energy stock index jumped 3.1 percent to close at its highest level since 2014, as oil prices surged.

By Tuesday’s close, the Dow Jones Industrial Average rose 264.36 points, or 0.8%, to 33,180.14, the S&P 500 rose 39.25 points, or 0.95%, to 4,160.68, and the Nasdaq rose 113.86 points, or 0.94%, to 12,175.23.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow focuses on the 33233-line today. If the Dow runs stably above the 33233-line, it will pay attention to the suppression strength of the 33584 and 34088 positions. If the Dow falls below the 33233-line, it will pay attention to the support strength of the 32781 and 32455 positions.

Hong Kong Stocks 

Fundamental Analysis: 

Hang Seng Index (HSI) opened 1.19% higher, posting a new 2-month high while Hang Seng TECH Index (HSTECH) rose 2.13%.

Alibaba rose 4.66%, leading the blue chips as pharmaceutical stocks, oil stocks are active. Bilibili Inc. (9626.HK) rose more than 11%, XD Inc. (2400.HK) rose nearly 6%.

Yesterday, the State Press and Publication Administration again issued the second batch of game version number in the year.

Technical Analysis: 

(HK50, 1-hour chart) 

Execution Insight: 

HK50 focuses on the 21450-line today. If HK50 can run stably above the 21450-line, then pay attention to the suppression strength of 22127 and 22785. If HK50 runs below the 21450-line, then pay attention to the support strength of 20467 and 19517.

FTSE China A50 Index 

Technical Analysis: 

(FTSE China A50, 1-hour chart) 

Execution Insight: 

FTSE China A50 focuses on the 13544-line today. If the A50 runs steadily below the 13544-line, it will pay attention to the support strength of the two positions of 13157 and 12945. If the A50 runs above the 13544-line, it will open up further upward space. At that time, pay attention to the pressure of the two positions at 13970 and 14253.

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