US stocks rose in early trading, with the three major indices gaining ground. The Chinese concept index rose by 3.22%, while Intel surged more than 6%.
The NASDAQ Composite Index rose 1.02%, the S&P 500 Index rose 0.72%, the Dow Jones Industrial Average rose 0.48%, and the NASDAQ Golden Dragon China Index rose 3.22%.
On Friday, July 28th, the U.S. stock market opened higher. The NASDAQ Composite Index rose by 1.02%, the S&P 500 Index rose by 0.72%, the Dow Jones Industrial Average rose by 0.48%, and the NASDAQ Golden Dragon China Index rose by 3.22%.
Data shows that U.S. inflation continues to slow down, with the year-on-year increase in the core PCE price index, the Federal Reserve's preferred inflation indicator, at 4.1% in June, lower than expected and the smallest increase since September 2021.
Intel rose by more than 6%, while AMD and NVIDIA rose by more than 1%; XPENG-W continued its upward trend, rising by more than 6% at the opening.
Previously, Intel's second-quarter report and third-quarter performance guidance were better than expected. Market analysis suggests that this indicates an improvement in demand for important computer components, especially chip products, and the long-awaited recovery of the chip industry may be underway.