On Friday, January 17, European and American stock markets witnessed a broad-based rally. The Nasdaq index surged ahead by 1.51%, tallying a weekly gain of 2.45%. The S&P 500 index followed suit with a 1.00% increase, accumulating a weekly rise of 2.91%. Meanwhile, the Dow Jones Industrial Average added 0.78% to its value, ending the week with a cumulative increase of 3.69%. Notably, all major technology stocks enjoyed upward momentum, as evidenced by the Wind US Technology Seven Giants Index, which climbed 1.72%. Among these tech titans, NVIDIA saw gains exceeding 3%, Tesla rose over 3.1%, Amazon gained 2.4%, Google increased by 1.6%, and Microsoft advanced 1.1%.

Chinese concept stocks also shone brightly, with the Nasdaq China Golden Dragon Index soaring 3.18% for the day and amassing a weekly gain of 6.19%. At the individual stock level, JD.com Group surged more than 10%, Futu Holdings jumped 8.9%, Tiger Securities rose 8.5%, Pinduoduo climbed 5.3%, and NIO Inc. advanced 4.7%, highlighting the robust performance of Chinese companies listed in the U.S. markets.