All three major US stock indexes closed higher.
Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.81%, the S&P 500 up 1.54%, and the Nasdaq Composite up 2.27%. Major technology stocks rose across the board: Nvidia closed up 5.8%, marking its largest single-day gain since April. AMD rose more than 4%, Google and Tesla rose more than 3%, and Microsoft, Amazon, and Netflix all rose more than 1%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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