Recently, the three major U.S. stock indexes closed collectively higher. The Dow Jones Industrial Average rose 0.85% to 34,852.67 points; the S&P 500 index rose 1.45% to 4,497.63 points; the Nasdaq Composite rose 1.74% to 13,943.76 points. Large-cap tech stocks rose collectively. Tesla surged 7.69%, Nvidia rose more than 4%, Google A, Meta (parent company of Facebook) and Netflix rose nearly 3%, Apple rose more than 2%, Microsoft and Amazon rose more than 1%. Vietnamese electric vehicle maker VinFast plummeted 43.84%, with its market capitalization falling to about $106.7 billion. In the previous trading day, VinFast once soared more than 35%, pushing its market capitalization to over $210 billion. Popular Chinese concept stocks rose broadly. The Nasdaq China Golden Dragon Index rose 3.70%. Pinduoduo rose more than 15%, Li Auto rose nearly 8%, Bilibili rose more than 7%, TAL Education rose more than 5%, XPeng Motors rose 3.68%, Baidu and JD.com rose more than 2%, Alibaba rose nearly 2%, NetEase and Vipshop rose more than 1%; Weibo and Nio fell more than 1%. On the news front, major news came out on U.S. economic data: the number of U.S. JOLTS job openings in July was 8.827 million, compared with the market expectation of 9.45 million and the previous figure of 9.582 million. In addition, Pinduoduo's Q2 revenue and net profit far exceeded expectations. According to the financial report released last night, as of June 30, 2023, Pinduoduo's Q2 revenue reached 52.28 billion yuan, a year-on-year increase of 66.3%. The adjusted net profit for Q2 was 1.31 billion yuan, a year-on-year increase of 47%. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is an onshore subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate controller. The two companies share the same ultimate controller and are under the same Chinese management. Both companies comply with the laws of Hong Kong and mainland China.