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U.S. stocks close: reversed in late session, S & P closed at new highs, Intel, Ultramicro Computer surged

① Intel rose 16%, rising 40% this month;
②Meta fell nearly 3%, ending its 20 consecutive gains;
③ Wenyuan Zhixing rose 28%, and Xiaopeng rose nearly 5%;
④ Trump: A tariff of about 25% will be imposed on imported cars.

Cailian News, February 19 (Editor Zhao Hao)On Tuesday (February 18), U.S. stocks pulled up late, and the three major indexes collectively rose, with the S & P 500 index reaching a new high.

At the close, the Dow Jones index rose 0.02% to 44,556.34 points; the Nasdaq Composite Index rose 0.07% to 20,041.26 points.

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The S & P 500 index rose 0.24% to 6,129.58 points, breaking the historical closing record recorded on January 23, and also rose to a record high of 6,129.63 points late in the session.

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Daily chart of the S & P 500 Index

Eight of the 11 sectors in the S & P 500 closed up and three closed down. The S & P 500 energy sector was among the top gainers, reaching 1.37%, while the communications services sector fell 1.26%, dragging down the performance of the broader market.

Craig Johnson, chief market technology analyst at investment bank Piper Sandler, commented that investors refused to “back down” and the market’s resilience year-to-date is impressive.

Chris Larkin, general manager of trading and investment at Morgan Stanley E-Trade, said: “Overall, the stock market is still trying to get rid of the consolidation since early December last year. News from the U.S. government, especially tariff news, may continue to be an uncertainty in the market.”

Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, said,”Although we expect a series of macro uncertainties to intensify volatility in the short term, good fundamentals should continue to support the next round of gains in global stock markets.”

Performance of hot stocks

Large technology stocks were mixed, with (ranked by market value) Apple down 0.05%; Nvidia up 0.40%; Microsoft up 0.30%; Amazon down 0.89%; Google C down 0.57%;Meta down 2.76%, ending 20 consecutive gains; Tesla down 0.49%; Broadcom down 1.94%.

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The Philadelphia Semiconductor Index closed up 1.68%, with only four of the 30 components falling. Intel rose 16.06%, and has risen 40.97% this month. There are reports that Broadcom and TSMC are discussing a deal to split Intel.

Ultramicro computers rose 16.47%. The company expects net sales to reach US$40 billion in fiscal 2026, which is significantly higher than current analysts ‘expectations of US$29.2 billion.

In terms of Chinese stocks, the Nasdaq China Golden Dragon Index closed down 1.28%.

Most popular Chinese stocks fell, with iQiyi falling 9.25%, Jinshan Cloud falling 8.84%, Baidu falling 7.51%, Jingdong falling 5.97%, New Oriental falling 2.76%, NIO falling 1.80%, and Ideal Car falling 0.81%;

Alibaba rose 1.74%, Pianduo rose 3.46%, Xiaopeng Automobile rose 4.92%, and Wenyuan Zhixing rose 28.25%.

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