The U.S. Federal Reserve is about to announce the results of its interest rate meeting. Oil prices fell nearly 10%, and the three major U.S. stock indexes rose across the board on Tuesday.
The Dow opened slightly higher, and then rose gradually, up to over 675 points.
Major technology stocks rose significantly. The benchmark index rose 2.1%, the Nasdaq also rose nearly 3%, and the Chinese concept stocks, which had been falling for several days, rebounded by 5%.
The Dow Jones index closed at 33,544 points, up 599 points or 1.82%; the S&P 500 closed at 4,262 points, up 89 points or 2.14%; the Nasdaq index closed at 12,948 points, up 367 points or 2.92%.
New York oil futures fell as much as 9.2% to $93.53 and closed at $96.44, down 6.38%.
Brent oil futures fell as much as 8.8% to $97.44 and closed at $99.91, down 6.54%.
Microsoft rose 3.87% and Walt Disney rose 4.01%, the biggest gainers in the Dow.
Oil prices fell sharply, with Chevron down 5.06%.
Other heavyweight technology stocks rose significantly. Apple rose 2.97%, Tesla rose 4.63%, NVIDIA rose 7.7%, Amazon rose 3.89%, Alphabet rose 2.58%, and Meta rose 2.89%.
Chinese stocks rebounded sharply, with JD.com up 7.08%, Pinduoduo up 6.97%, and Alibaba bucking the market down 1.29%.
The Golden Dragon China Index, which reflects the performance of US-listed Chinese concept stocks, rose 4.98%.
It is rumored that Hillhouse was liquidated due to a loss of more than 30 billion US dollars. The company said rumors that the US stock position was about 6 billion. Goldman Sachs lowered the target price of the S&P index to 4300 points due to the weakening economic growth and corporate profit prospects. Geopolitics and monetary policy turned to big friends Expect U.S. stocks to bounce 20% this year | Galois