On January 6th, the three major US stock indices rose across the board. The S&P 500 closed up 42.77 points, a 0.62% increase, at 6944.82 points, successfully breaking through the previous record close of 6932.05 points set on December 24th last year. The Dow Jones Industrial Average performed even better, closing up 484.90 points, a 0.99% increase, at 49462.08 points, once again hitting a new all-time closing high. The Nasdaq also rose by 151.351 points, a 0.65% increase, to 23547.173 points. Meanwhile, the VIX fear index slightly declined, down 1.21% to 25.26, indicating relatively stable market sentiment.

In the tech sector, performance was mixed. Tesla led the decline, falling 4.14%, Apple dropped 1.83%, while Google A, Nvidia, and others declined by no more than 0.7%. Meta rose slightly by 0.28%, Microsoft increased by 1.2%, and Amazon performed the strongest with a 3.38% gain.

In the Chinese concept stocks, Alibaba fell 3.3%, Xiaomi dropped 2.9%, Baidu declined 2.1%, and Li Auto fell 2%. However, Pinduoduo rose against the trend by 3.3%, and Xiaoma Zhixing saw the largest increase, climbing 5.5%.

The most notable development was the collective surge of storage chip concept stocks. SanDisk led the way, soaring over 27%, Micron Technology jumped 10%, Western Digital increased by 16.77%, and Seagate Technology rose 14%, sparking a significant rally in the entire storage sector.