STOCKS | U.S. Stock Market Stabilizes After Holiday

The U.S. stock market reopened after a holiday, closing with stable results. According to RTHK, the Dow Jones Industrial Average initially dropped over 330 points but rebounded from its low, rising over 230 points at one point, and closed up 32 points at 49,533 points. The S&P 500 Index fell about 0.9% during the session but ended with a 0.1% increase, closing at 6,843 points, up 7 points. The Nasdaq Composite Index initially dropped more than 1% but followed the broader market's rebound, closing at 22,578 points, up 31 points, or 0.14%. Large technology stocks showed mixed performance, with Amazon rising over 1%, Tesla falling nearly 2%, and Meta closing nearly flat. Some financial stocks performed well, with Citigroup rising nearly 3% and JPMorgan Chase increasing by almost 2%.