U.S. stocks rose 2 times in a row to regain last week's plunge; European gas prices soared; Tesla's market value returned to trillions of dollars

Overnight highlights of the foreign market: U.S. stocks are indeed resilient, and the three major indexes have recovered most of the lost ground from last week's plunge; as the cold weather swept through Europe, the European energy market was hit by supply and gas prices soared; Musk said that he completed the 10% stock sale plan, Tesla stock rose more than 7%, and the market value returned to $1 trillion (the latest market value was $1,013.2 billion).

Looking at the specific data of the US stock market overnight, by the close, the Dow Jones Industrial Average rose 261.19 points, or 0.74%, to close at 35754 points; the NASDAQ Composite Index rose 180.80 points, or 1.18%, to close at 15522 points; and the S&P 500 index rose 47.33 points, or 1.02%, to close at 4697 points.

In terms of European stock markets, by the close, the FTSE Europe Index rose 1.45%, the London Financial Times 100 Index rose 0.61%, the French CAC40 Index rose 1.24%, the German DAX30 Index rose 0.95%, the Italian MIB Index rose 0.66%, the Austrian ATX Index rose 0.94%, and the Spanish IBEX35 Index rose 0.85%.

Recently, Europe's energy supply has been tight, and natural gas prices have soared again. As of Friday, continental European and British gas futures were up for seven weeks in a row, with a cumulative rise of at least more than 26% last week. Natural gas continued to soar this week, rising more than 20 percent on Tuesday alone, with Dutch gas futures, the benchmark TTF on the european continent, at an all-time high.

The Turkish stock market triggered a circuit breaker on the 22nd. On the 22nd local time, the Istanbul 100 Index in Turkey opened at 1.832.14 points, down 3.14% from the previous day's close. At 14:39 local time, the stock index fell more than 5%, triggering a circuit breaker. The stock index then continued to oscillate, falling by 4.64% at the close of the day. The Turkish stock market fell for four consecutive years, and the important reason for this was the recent depreciation of the Turkish lira.

In terms of international crude oil, the main contract of US oil futures closed overnight at $73.04 per barrel, up 2.70%, and the main contract of cloth oil closed at $75.65 per barrel, up 2.26%. On the news side, data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that U.S. commercial crude oil inventories were 423.6 million barrels last week, down 4.7 million barrels month-on-month, a decline that exceeded market expectations. U.S. Strategic Petroleum Reserves (SPR) inventories fell to 596.4 million barrels, the lowest level since November 2002. Market analysts believe that the decline in U.S. crude oil production and inventories has provided support for the market outlook. In addition, the European energy crisis has also supported oil prices.

The top 7 technology stocks in the U.S. market performed overnight, Tesla rose 7.49%, Google A rose 2.05%, Microsoft rose 1.81%, Netflix rose 1.54%, Apple rose 1.53%, Amazon rose 0.36%; Meta fell 1.12%. On Tuesday, Tesla CEO Musk sold 583611 shares of Tesla stock, valuing it at about $528 million. That brings the total number of shares he sold to 13.5 million, about 80 percent of the shares he had previously promised to sell. Meanwhile, Musk exercised an option to buy 2088955 shares of Tesla stock at $6.24 per share. According to an interview released Tuesday, Musk said he had fulfilled his plan to sell a 10 percent stake in Tesla. Analysts believe Musk's announcement removes the threat to Tesla's stock price, and investors refocus on the drivers of its fundamentals.

Amazon is under new antitrust investigation. It is reported that the U.S. Federal Trade Commission (FTC) is advancing an antitrust investigation into Amazon's cloud computing business. The FTC is concerned that Amazon could punish companies that work with other cloud service providers, giving preferential treatment to companies that work exclusively with themselves.

In other global news, the US GDP growth rate in the third quarter slowed sharply from the previous quarter. Data released by the U.S. Department of Commerce's Bureau of Economic Analysis showed that the revised value of the US GDP growth rate in the third quarter was higher than the initial and previous values, but it was still the lowest growth rate since the second quarter of 2020. Specifically, the annualized quarter-on-quarter correction of real GDP in the United States in Q3 was 2.3%, expected to be 2.1%, and the initial value was 2.1%. The slowdown in Q3 was primarily due to supply shortages caused by tight global supply chains and reduced government funding for COVID-19 support to businesses, households, and local governments.

The core PCE price index in the United States in the third quarter hit a nearly 30-year high. On Wednesday, according to the U.S. Department of Commerce, the core PCE price index in the united states rose 4.6% quarter-on-quarter, slightly above the previous value and expectation of 4.5%, and the year-on-year final value rose 3.6%, unchanged from expectations, still the highest level in nearly 30 years.