US Stock Market Close: Three Major Indices Rebound Mildly, Chinese Concept Stocks Show Broad Gains

Before the "Super Central Bank Week" kicked off, the US stock market temporarily recovered from the risk-averse sentiment of last Friday, with all three major indices closing higher on Monday, while gold and crude oil prices pulled back together.

As of Monday's close, the S&P 500 rose 0.94% to 6,033.11 points; the Nasdaq Composite Index rose 1.52% to 19,701.21 points; and the Dow Jones Industrial Average rose 0.75% to 42,515.09 points. Spot gold fell nearly $50 to $3,383.62 per ounce, and international oil prices also fell nearly 2%.

(Daily chart of the S&P 500 Index, source: TradingView)

According to CCTV News, the conflict between Israel and Iran continued overnight and into the morning. Israeli Prime Minister Benjamin Netanyahu stated in a pre-recorded online press conference that Israel's actions would not stop and that Israel was "systematically and continuously destroying Iran's nuclear targets." On the same day, Hossein Dehghan, a senior advisor to the Commander-in-Chief of the Islamic Revolutionary Guard Corps (IRGC) of Iran, said that the IRGC was prepared for a long-term, full-scale war with Israel.

Undoubtedly, the progress of this conflict will continue to directly impact the performance of capital markets. Investors will closely monitor the conditions of energy facilities and key shipping routes.

The RBC Capital Markets Strategist Team pointed out that, given recent gains, US stock valuations have become stretched. In the worst-case scenario, if the situation in the Middle East drives up energy prices, leading to "severe" inflation in the US, the S&P 500 could experience a significant correction.

Starting from noon Beijing time on Tuesday, multiple central banks will gradually disclose their interest rate decisions. The market will closely monitor the Bank of Japan's statements and actions regarding the "Japanese bond storm," the US Fed's outlook statements, and the Swiss National Bank's move back to zero interest rates (or even the possibility of negative rates).

Performance of Popular Stocks

US tech giants rebounded collectively on Monday. Apple rose 1%, Microsoft rose 0.88%, Amazon rose 1.89%, NVIDIA rose 1.92%, Alphabet (Google-A) rose 1.20%, Tesla rose 1.17%, Meta rose 2.9%, and Advanced Micro Devices (AMD) rose 8.81%.

Chinese concept stocks also showed a broad-based rally, with the Nasdaq Golden Dragon China Index closing up 2.07%.

As of the close, Alibaba rose 2.74%, JD.com rose 2.2%, Baidu rose 1.45%, Pinduoduo rose 2.2%, Bilibili rose 5.64%, NIO rose 0.43%, NetEase rose 1.31%, Futu Holdings rose 10.77%, Jinko Solar rose 3.13%, Tuya Smart rose 4.4%, 21Vianet Group rose 4.41%, and GDS Holdings rose 9.5%.

Company News

[Circle's Share Price Hits New High, CEO Predicts Stablecoin's "iPhone Moment" is Imminent]

Cryptocurrency stablecoin company Circle closed up 13.1% on Monday to $151, just shy of quintupling its IPO price ($31). Jeremy Allaire, Circle's co-founder and CEO, said over the weekend that while the "iPhone moment" for cryptocurrency stablecoins has not yet arrived, he expects it to come soon. On the policy front, the US Senate is expected to vote on the GENIUS Act as early as this Tuesday.

[Sarepta's Share Price Collapses: Another Patient Dies After Gene Therapy Treatment]

Biopharmaceutical company Sarepta Therapeutics plummeted 42.12% on Monday after the second patient treated with its gene therapy, Elevidys, died, raising questions about the therapy's safety.

It is understood that Elevidys is the only gene therapy approved by the US Food and Drug Administration (FDA) for the treatment of the rare Duchenne muscular dystrophy (DMD), a disease in which muscles gradually weaken, typically affecting children or adults after the age of 4.

[Alibaba's AI Team Launches AI Models Optimized Based on Apple's MLX Framework]

Alibaba's Tongyi Qianwen announced on Monday that it has launched all Qwen3-series models deeply optimized based on Apple's MLX framework, enabling Apple devices, including iPhones, to easily deploy the Tongyi Qianwen series models.

[Meta Introduces Paid Ads to WhatsApp for the First Time]

Meta announced on Monday that businesses can now place so-called "Status Ads" on the messaging app WhatsApp to guide users to interact with advertisers through WhatsApp's messaging feature.

[AMD's Share Price Surges, Analysts Predict Rebound in GPU Business]

Compute chip supplier AMD's share price closed up 8.81% on Monday, approaching its yearly high from early January. On the news front, analysts at Piper Sandler raised their target price from $125 to $140 in their latest report. Analysts are excited about AMD's new products released last week and expect the company's GPU business to rebound in Q4.