Monday Market Recap
On Monday local time, all three major US indexes ended the session higher, with both the S&P 500 and Nasdaq closing at new record highs.
This Monday marked the final trading day of June, the second quarter, and the first half of the year. Major US indexes staged a strong rebound, returning to historic highs. The S&P 500 rose nearly 5% for the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow Jones also gained over 4% during the same period.
Q2 was marked by volatility driven by the Trump-led trade war, with sharp pullbacks followed by a rapid rebound. The S&P 500 posted its biggest quarterly gain since Q4 2023, while the Nasdaq recorded its best quarterly performance in five years.
US Markets Highlights
The “Magnificent Seven” tech stocks delivered mixed performances:
- Apple rose 2.03%
- Microsoft gained 0.30%
- NVIDIA added 0.15%
- Google (Alphabet) fell 1.29%
- Amazon declined 1.75%
- Meta gained 0.61%
- Tesla dropped 1.84%
Most popular US-listed Chinese stocks closed lower. The Nasdaq Golden Dragon China Index slipped 0.49%.
- Alibaba fell 0.59%
- JD.com lost 1.30%
- Pinduoduo declined 0.46%
- NIO dropped 0.87%
- XPeng Motors fell 1.38%
- Li Auto dipped 1.31%
- Bilibili edged up 0.14%
- Baidu dropped 0.43%
- NetEase rose 1.45%
- Tencent Music declined 2.04%
US Market – Technical Analysis
US Market Snapshot
- Dow Jones Industrial Average: +275.50 points (+0.63%), closed at 44,094.77
- Nasdaq Composite: +96.28 points (+0.48%), closed at 20,369.73
- S&P 500 Index: +31.88 points (+0.52%), closed at 6,204.95
Hong Kong Stocks Market
Markets were closed on July 1 for a public holiday.
A-Share Markets Highlights
China’s A-share markets showed mixed performance. The Shanghai Composite Index opened lower but moved higher within a narrow range. In contrast, the Shenzhen Component Index and ChiNext Index opened lower and continued to decline, though losses narrowed before midday.
On the sector front, chip stocks saw broad strength, with over 10 stocks including KMT Gas hitting the daily limit-up. Bank stocks rebounded, with China Construction Bank hitting another all-time high. On the downside, stablecoin concept stocks continued to fall, with Hope Co. plunging over 10%. Solid-state battery stocks also pulled back, with Union Co. hitting the limit-down.
Leading gainers included shipbuilding-related stocks, lithography equipment, banking, and innovative pharmaceuticals. Sectors such as diversified finance, cross-border payments, solid-state batteries, and high-speed copper connectors led the declines.
China Market – Technical Analysis
Mainland Market Snapshot
- Shanghai Composite Index: +0.21%, closed at 3,451.69
- Shenzhen Component Index: -0.32%, closed at 10,431.98
- ChiNext Index: -0.58%, closed at 2,140.47
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Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
The above information should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction. Doo Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. The market is risky, and investments should be made with caution.
