U.S. stocks had a good day on Monday 14th August, 2023, even though some people were worried about China's property market and the possibility that prices might go up a lot in the U.S. This article talks about how the stock market did, why it did that, and which companies were important.
How Stocks Did
The main stock indexes, like the Dow Jones, the S&P 500, and the Nasdaq, all went up. The Dow Jones went up a little bit, around 26 points, which is like a small step up. The S&P 500 went up more, about 25 points, and the Nasdaq went up the most, about 143 points. The S&P 500 and the Nasdaq had lost some value in the previous week, but the Dow had actually gone up a little bit.
Reasons for Stock Moves
Even though there were some concerns about China's property market, the stock market in the U.S. still went up. One big Chinese company that makes homes had some problems, and this made people worried that China's economy might not be doing well. This caused some trouble in the stock market in Asia. In the U.S., some people were also worried that prices might go up a lot because of things like rising gas prices. Gasoline prices have gone up a bit, which can make other prices go up too.
Experts' Views
Experts are of the view that people are starting to worry about prices going up again. He said that before, people thought that prices going up was not a big problem, but now they are worried it might be more of a problem than they thought. He also said that the prices of things like bonds and stocks are connected, and when bond prices go up, it can make stock prices go down.
Another person said that some types of companies are not doing as well as they were before. Companies that make things like energy (like oil) are not making as much money as before. But companies that make technology things are doing better. He also said that the prices of government bonds went up, which made it a bit harder for stocks to do well.
Big Companies' Moves
Some companies had big changes in their stock prices on Monday:
United States Steel Corp. (X): This company makes steel. They got a big offer from another company that wanted to buy them, but they said no. Because they said no, their stock price went up a lot. The other company's stock also went up.
Nvidia (NVDA): This company makes things that use artificial intelligence, which is like computers that can learn. A person who looks at stocks said that this company is a good one to invest in because it will probably do well in the future. So, more people bought their stock, and the price went up.
AMC Entertainment Holdings Inc. (AMC): This company has movie theaters. They had some problems with how they were going to change their stocks, and some people didn't like it. Because of this, their stock price went down.
Tesla Inc. (TSLA): This company makes electric cars. They made their cars a bit cheaper, and because of this, some people didn't want to buy their stock. So, the stock price went down a little.
Looking at the Future
Even though earnings season is almost done, which is when companies say how much money they made, some experts say we should look at the bigger picture. Sometimes, companies beat expectations, which means they make more money than people thought they would. But this can be because people thought they would make less money. Looking at how much money companies will make in the long term is more important.
Different Types of Companies
There are different kinds of companies, like ones that make technology or ones that make things we use every day. Some companies that make technology are doing really well, and this makes the stock market do better. Companies that make things like houses are not doing as well. Looking at all the companies together, the stock market is not changing too much.
Bottom Line
The stock market in the U.S. did well on Monday, even though people were worried about China and prices going up. The main stock indexes went up, and some big companies had changes in their stock prices. Experts said that even though we look at how much money companies make in a short time, it's more important to think about the long term. Different types of companies are doing differently, but overall, the stock market is staying somewhat stable.
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