On Tuesday, the champion Tesla, Inc. closed down 0.7%, with a turnover of US $15.1 billion.In the second place, Apple Inc gained 1.5%, with a transaction of US $11.3 billion, while BABA rose more than 6%, with a transaction of US $5.8 billion.Coinbase Global closed 4.2% higher at $4.5 billion.
U. S. stocks closed higher on Tuesday, with the S & P 500 rising for a fifth day in a row and back above 4500. The intensive financial results performed well, alleviating market concerns about the continued increase in COVID-19 cases and rising costs endangering the growth of corporate profits.
The Dow rose 198.70 points, or 0.56%, to 35457.31; the Nasdaq rose 107.28 points, or 0.71%, to 15129.09; and the S & P 500 rose 33.17 points, or 0.74%, to 4519.63.
Johnson & Johnson closed 2.3% higher, and the drugmaker's third-quarter profit beat expectations. The company's adjusted earnings per share in the third quarter were $2.60, 25 cents above market expectations. The company also raised its guidance for this year.
Fifth Third Bancorp's earnings per share and revenue were better than expected, but its shares closed down 0.3 per cent.
Traveler property Insurance Group, a component of the Dow, closed 1.6% higher after the company reported a quarterly profit that beat expectations.
Consumer goods giant Procter & Gamble Co closed down 1.2%. Procter & Gamble Co's earnings were better than expected, continuing a strong growth trend, but the company said it would raise the price of its products to make up for rising goods and transportation costs. Procter & Gamble Co also warned that inflationary pressures could persist.
Walmart Inc closed up 2.1 per cent after Goldman Sachs Group added the retailer's shares to its "sure buy" list and was bullish that the stock would rise nearly 40 per cent.
As of Tuesday morning, 82% of the s & p 500 companies that have reported earnings per share beat expectations. Corporate profits will grow by 30 per cent in the third quarter, taking into account announced results and forecasts for unannounced results.
On Tuesday, Tesla, Inc., the champion of US stock turnover, closed down 0.7% to US $15.1 billion.Morgan Stanley maintains Tesla, Inc. 's overrated rating, with a target price of US $900. Scion Wealth Management, run by Michael Burry, the prototype of the movie "Big short", no longer shorts Tesla, Inc. shares through put options. Tesla, Inc. 's share price has risen more than 20 per cent so far this year, making Mr Musk the richest man in the world.
Apple Inc, who ranked second in turnover, closed 1.5% higher with a turnover of US $11.3 billion.JPMorgan Chase & Co lowered Apple Inc's iPhone revenue forecast for the first quarter of fiscal 2022 to $63 billion, or 4 per cent year-on-year, because of the global chip shortage and the closure of some Asian factories.
Market research firm DA Davidson raised Apple Inc's target price to $175 from $167and maintained its buy rating on the stock.
In fourth place, Facebook Inc closed 1.4% higher, with a turnover of US $6.4 billion.Us Senator Warren urged Facebook Inc CEO Zuckerberg to stop testing his digital wallet Novi and said he did not trust Facebook Inc to manage the cryptocurrency well.
The ninth Coinbase Global closed 4.2% higher, with a turnover of $4.5 billion.The first bitcoin futures, ETF, officially traded on the New York Stock Exchange on Tuesday, closing 4 per cent higher on its first day of trading. Some analysts predict that the listing of the futures could push the price of bitcoin up to $100000 per piece.
The 13th AMC cinema chain closed down 5.2%, with a turnover of US $2.2 billion.AMC cinema line CEO said on Tuesday that the company will start accepting bitcoin payments by the end of this year and Ethernet Square and dog coins by the first quarter of next year.
The following are the 20 most actively traded stocks of the day (by turnover):
