U.S. stocks closed on Tuesday, and the three major stock indexes rose steadily throughout the day. The Dow initially closed up about 360 points or 1.06%, the S&P 500 closed up 0.7%, and the Nasdaq rose 0.76%. Charles Schwab (SCHW.N) closed up 12% after its Q2 results beat expectations.
The pricing of Microsoft’s (MSFT.O) office AI-assisted tools for the B-end reflects strong market demand and low operating costs, spurring a 4% surge in stock prices, with a market capitalization reaching a record high of US$2.67 trillion.
The Nasdaq China Golden Dragon Index underperformed the broader market, closing down 3.2%, while Bilibili (BILI.O) and iQiyi (IQ.O) fell below the 6% line.