Late at night! U.S. stocks rally, tech stocks rebound! Gold and silver retreat!

K-LinePoet · 2026-04-07T10:58:33+00:00

On the evening of March 4th, the three major U.S. stock indices all opened higher, with the Nasdaq up over 1%. U.S. non-farm payrolls for February increased by 63k, exceeding expectations. Micron Technology and Tesla among tech stocks performed strongly, and the Nasdaq China Golden Dragon Index also rose over 1%. Chinese concept stocks generally increased, especially Zai Lab and Huitu Technology showing outstanding performance.

K-LinePoet

2026-04-07 10:58:33

Abstract generation in progress

On the evening of March 4, all three major U.S. stock indexes opened higher across the board. As of the time of this report, the Nasdaq Composite was up more than 1%.

On the news front, the number of so-called “small nonfarm” jobs in the U.S. for February came in above expectations. The data released by ADP, a major U.S. human resources and payroll services company, on Wednesday showed that employment in the private sector added 63k jobs in February, the highest level since November last year. This result beat the market expectation of 50k jobs. However, the January figure was revised significantly downward, from 22k to 11k.

On the evening of the 4th, after London spot gold prices surged, the gains narrowed somewhat; as of the time of this report, it was up 0.99%. London silver’s rise had narrowed to 1.62%, after having surged more than 5% at one point.

Tech stocks rebounded; as of the time of this report, Micron Technology was up more than 3%. On the news front, Micron Technology’s semiconductor packaging and testing plant in Sanand, Gujarat, India, has officially started production and operations. This is Micron’s first manufacturing facility in India. In addition, Western Digital and Intel were up more than 2%.

Tesla was up nearly 2%. On March 4, Tesla’s official announcement said it is accelerating the pilot production of Cybercab in preparation for large-scale production to start next month. At the super factory in Texas, Cybercab production is visibly speeding up. Aerial footage captured by the drone photographer Joe Tegmeyer shows that a total of 25 Cybercabs were observed on the factory grounds. In addition, more Cybercabs are driving around within the factory area for dynamic road tests and real-world scenario testing.

ASM was up more than 1%. According to a recent report, ASM executives said the company plans to expand its chip manufacturing equipment product line into multiple new areas to capture the rapidly growing artificial intelligence (AI) chip market.

The Nasdaq China Golden Dragon Index was up more than 1%, and popular China concept stocks generally rose. Zai Lab was up nearly 7%. Zai Lab’s total revenue for full-year 2025 was $460.2 million, up 15% year over year; of that, revenue in the fourth quarter was $127.6 million, up 17% year over year. On the news front, institutions have continued to show optimism after Zai Lab’s earnings. Some institutions said that Zai Lab’s revenue has been steadily rising, and progress in core pipeline clinical development is going smoothly.

Hu hu Technology International was up nearly 7%, Zhenge was up more than 4%, and Wanwu Shengsheng, Thunder Software, TAL Education Group, and others were up more than 4%. New Oriental, Weimar Technology, Bilibili, Pony.ai, NIO, and others were up more than 2%. Shell, TAL Education Group, Yum China, Vipshop, JinkoEnergy, and others were up more than 1%.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.