U.S. Stocks Closed Sharply Higher, H.K. Major Indexes & Tech Stocks Rose - Doo Prime News
Doo Prime News > Analysis > Global Stock Markets > U.S. Stocks Closed Sharply Higher, H.K. Major Indexes & Tech Stocks Rose
U.S. Stocks 

Fundamental Analysis: 

U.S. stocks closed sharply higher on Tuesday, 19th July 2022 as more companies followed in the footsteps of big banks and reported earnings that beat expectations, relieving investors worried about rising inflation and the Federal Reserve’s tightening policy affecting corporate profits.

The S&P 500 surged 2.8%, hitting its highest closing level since 9th June 2022. The tech-heavy Nasdaq jumped 3.1%, its biggest one-day percentage gain since 24th June 2022.

Healthcare giant Johnson & Johnson fell 1.5%, giving back earlier gains. The company reported profit and sales that beat estimates but lowered its earnings outlook for the year as the dollar surged.

Technical Analysis: 

(Dow 30, 1-hour chart) 

Execution Insight: 

The Dow is focused on the 31661-line today. If the Dow runs steadily above the 31661-line, it will pay attention to the suppression strength of the two positions of 32083 and 32455. If the Dow runs steadily below the 31661-line, it will pay attention to the support strength of the two positions of 31291 and 31000.

Hong Kong Stocks 

Fundamental Analysis: 

The Hang Seng Index (HSI) opened up 307.36 points, or 1.49%, at 20,968.42 points, the Hang Seng TECH Index (HSTECH) opened up 93.1 points, or 2.07%, at 4599.84 points.

The Hang Seng China Enterprises Index (HSCEI) opened up 108.86 points, or 1.53%, at 7206.25 points. The Red Chip Index opened up 20.1 points, or 0.53%, at 3795.81 points.

Bilibili Inc. (9626.HK) opened up over 5%, Alibaba Group Holding Limited (9988.HK) rose nearly 4%, Kuaishou Technology (1024.HK), JD.com, Inc. (9618.HK), Tencent Holdings Limited (0700.HK), Baidu, Inc. (9888.HK) and Meituan (3690.HK) rose over 2%.

SenseTime-W rose 3.8% as the company spent about HKD14.07 million to repurchase 6.7 million shares on 19th July 2022, the first share repurchase since its listing.

China Everbright Limited (0165.HK) fell nearly 7% after issuing an earnings warning, expecting to record a net loss of about HK$2.60 billion to HK$2.80 billion in the first half of the year, compared with a profit of about HK$1.81 billion recorded in the same period last 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 14352-line today. If the A50 runs stably below the 14352-line, it will pay attention to the support strength of the two positions of 13970 and 13544. If the A50 runs above the 14352-line, it will open up further upward space. At that time, pay attention to the two positions of 14695 and 14985.

Risk Disclosure   
Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance.  Investments in certain services should be made on margin or leverage, where relatively small movements in trading prices may have a disproportionately large impact on the client’s investment and client should therefore be prepared to suffer significant losses when using such trading facilities.   

Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with Doo Prime’s trading platforms. You should seek independent professional advice if you do not understand the any of the risks disclosed by us herein or any risk associated with the trade and investment of financial instruments. Please refer to Doo Prime’s Client Agreement and Risk Disclosure Statement to find out more. 

[Disclaimer]  
This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, make no representation or warranties to the information displayed and Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, shall not be liable for any direct, indirect, special or consequential loss or damages incurred a result of any inaccuracies or incompleteness of the information provided. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, as well as managers, shall not be liable for any direct, indirect, special or consequential loss or damages incurred as a result of any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment. 

Share to

One Click Away To Global Investments

Register
Trade glod and Sliver on Doo Prime Doo Prime provides mainstream index futures and commodity futures around the world Doo Prime provide over 300 the most popular US and Hong Kong stock cfd products