The three major U.S. stock indices all closed higher, with the Nasdaq and S&P 500 recording a fourth consecutive gain, and Seagate Technology rising by more than 5%.

2026-04-07 08:51:40

Abstract generation in progress

Gelonghui April 7｜All three major U.S. stock indexes closed higher across the board. The Nasdaq rose 0.54%, the S&P 500 rose 0.44%, and the Dow rose 0.36%. Among them, the Nasdaq and the S&P 500 recorded a four-day winning streak. The storage chip sector moved higher; Seagate Technology rose more than 5%, while Micron, Western Digital, and SanDisk rose more than 3%. Google rose more than 1%, and Tesla fell by more than 2%. Invesco stock closed down 5.2%, marking the largest single-day drop since October last year. Blue Owl Capital fell 1.4%, hitting a new all-time closing low.

The Nasdaq Golden Dragon China Index closed down 0.21%. Among popular Chinese concept stocks, iQIYI fell by more than 4%, Pony.ai fell 3%, WeRide fell 2.2%, and XPeng, Yum China, and Xiaomi fell by more than 1%. Bawang Chajiji rose more than 3%, TAL Education and KE Holdings rose by more than 2%, Alibaba rose 0.2%, and Meituan rose 0.5%.

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