[Last night this morning] the Nasdaq rose 1.3%, climbing the new high Thunder, rising more than 24%

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[US stocks rebounded strongly, technology stocks led the Nasdaq to rise 1.3% to a record high]

US stocks rebounded strongly on Thursday, the Dow rose nearly 190 points, and technology stocks led the Nasdaq to rise 1.3% to a record high. After the announcement of financial reports by Cisco and Wal-Mart, the stock price soared. The US House of Representatives voted to pass the Republican tax reform proposal, which boosted market sentiment.

Wal-Mart (WMT) rose more than 10% on Thursday, and its share price soared to a record high. Previously, the world's largest retailer said they could maintain their position in a challenging retail environment. Wal-Mart closed up 10.9% on Thursday and closed at $99.62.

Cisco (CSCO) shares rebounded to their highest level in 16 years on Thursday. Earlier, the company announced more than Wall Street estimates, and predicted that the company will achieve revenue growth for the first time in two years. On Thursday, Cisco shares rose 5.19% to $35.88, surpassing $35 for the first time since the beginning of 2001. This increase has caused Cisco to increase by more than 20% so far this year, exceeding the 2017 Dow Jones Industrial Average (DJIA).

[In the stock market, Thunder has soared more than 24%. Rong 360 listed up 5% on the first day]

Most of the stocks in the stock market rose, among which the companies with larger gains include: Thunder (up 24.12%), Netease (up 7.86%), Vipshop (up 6.09%), (up 5.89%), SouFun (up 5.74%), SMIC (up 5.54%), Momo (up 5.13%), Jianpu Technology (up 5.00%), Sogou (up 4.57%), New Oriental (up 3.71%), Sina (up 3.13%), Sohu (up 2.93%), 58 cities (up 2.91%), and credit (up 2.72%), Changyou (up 2.50%), Jingdong (up 2.21%), Alibaba (up 2.18%), Baidu (up 2.18%). On the other hand, the companies with larger declines included: Yiche.com (9.52%), Temple Library (8.57%), Best Logistics (7.41%), Fun Store (6.69%), and Jumei Premium ( It fell 5.08%), Xinfu (down 4.99%), the gathering age (down 3.92%), and Phoenix New Media (down 3.74%).

XNET’s share price soared more than 24% on Thursday after the company unveiled its unaudited financial report as of September 30, 2017. The financial report showed that Thunder's third quarter revenue was 47.3 million US dollars, an increase of 15.6%, an increase of 14.0%. Thunder’s net loss for the third quarter was $25.6 million, compared with a net loss of $9.7 million in the previous quarter. Not in accordance with US General Accounting Standards (Non-GAAP), Thunder’s net loss for the third quarter was $23.4 million, compared with a net loss of $7.5 million in the previous quarter.

China Internet Finance Corporation 360 (Jianpu Technology) officially listed on the New York Stock Exchange on Thursday, the stock code is "JT", opened at $8.25, closing price of 8.40, up 5% over the issue price. Rong 360 identified the initial public offering price as US$8 per ADS on Thursday morning in the US Eastern Time, which is lower than the previously established issue price range of US$8.50 to US$10.50. Rong 360 will issue 22.5 million American depositary receipts. According to the issue price of US$8, the company raised US$180 million through initial public offerings.

After NetEase announced its earnings report, Goldman Sachs raised its target price from $320 to $340; investment bank Jefferies raised its target price from $290 to $302; HSBC raised its target price from $316 to $346. NetEase's third-quarter earnings report showed that the third-quarter revenue was $1.9 billion, up 35.5% year-on-year, and the market expectation was $1.89 billion. Net profit attributable to Netease shareholders was $380 million (about RMB 2.5 billion), compared with the previous year. In the same period, RMB 2.7 billion fell by 8%. Netease shares closed up 7.86%.

[Trump tax reform takes a key step, the US House of Representatives approves the Republican tax reform bill]

The US House of Representatives Republican's tax reform bill was approved on Thursday and will be submitted to the Senate for voting. This vote is a key milestone in the Trump tax reform. The House passed the bill in the voting process on Thursday with 227 votes in favor and 205 votes against.

[Bitcoin re-innovation, the world's largest futures exchange will open bitcoin futures next week]

CME, the world's largest futures exchange, announced on Thursday that it will test bitcoin futures trading starting next Monday and is expected to formally trade before the end of this year. On the day of the session, the bitcoin dollar trading price once rose to $7830, approaching the highest record created last Wednesday.

[Siemens announced that half of the 6,900 people in the world are laid off in Germany]

Siemens announced on Thursday that it will cut 6,900 employees worldwide to respond to changes in the energy and commodities industries. In its press release, Siemens said that about half of the layoffs will be carried out in Germany and will be carried out in the affected industry sectors in the “professional years”, covering one-third of the core business.

[New progress in Saudi anti-corruption: you will be free when you turn over 70% of your wealth]

The British "Financial Times" quoted people familiar with the matter, saying that the Saudi authorities are discussing a deal with the arrested princes and businessmen - spending money to buy freedom. Two people familiar with the matter told the Financial Times that in some cases, the Saudi government asked suspects to hand over 70% of their personal wealth. Today, the Saudi stock market is basically flat.

[Emerson proposes to acquire Rockwell Automation for $29 billion in transactions]

According to Bloomberg, Emerson proposed to acquire Rockwell Automation for $225 per share in cash and stock transactions, valued at $29 billion.

[European stocks closed nearly 1% higher and ended the seven-day losing streak]

European stock markets closed higher on Thursday, ending the seven-day losing streak. The benchmark stock indexes in major European countries rebounded, due to good corporate earnings. In addition, the sales figures released by European automakers are very encouraging, which has pushed their stock prices up. The pan-European Stoxx 600 index rose 0.8% to close at 384.93 points.

[The price of gold closed slightly higher than that of US oil for the third consecutive trading day]

Gold futures prices closed slightly higher on Thursday, due to poor performance of US economic data, which cast a shadow over the Fed’s interest rate hike. At the same time, the US stock market rebounded, resulting in a narrow range of gold prices. The price of gold rose by 50 cents to close at $1,278.20 an ounce.

Crude oil futures prices closed slightly lower on Thursday, falling for the third consecutive trading day. Oil prices have been showing a downward trend in recent days, as the data shows that US crude oil inventories have unexpectedly increased, and the International Energy Agency (IEA) has lowered global oil demand expectations. US oil closed down less than 0.1% to $55.29 a barrel. Cloth oil closed down 0.2% at $61.78 a barrel. (nebula)