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The three major U.S. stock indices all closed higher, with aluminum stocks surging.
People’s Finance and News, April 2—On April 1, all three major U.S. stock indexes closed higher. The Dow Jones rose 0.48%, the S&P 500 index rose 0.72%, and the Nasdaq rose 1.16%. Chip and memory-related stocks moved higher: Western Digital rose more than 10%, SanDisk rose more than 9%, Micron Technology and Intel rose more than 8%, and Applied Materials and AMD rose more than 3%. The aluminum sector saw broad gains. Driven by the suspension of production after the Middle East’s largest aluminum company was hit by a missile attack, U.S. Steel and Century Aluminum rose more than 8%. Nike’s share price closed down more than 15%, marking its largest single-day drop since June 2024. Most of the popular Chinese concept stocks closed higher. The Nasdaq China Golden Dragon Index rose 0.31%, Li Auto rose more than 3%, NIO, XPeng Motors, and iQIYI rose more than 2%, and Bilibili rose more than 1%.