Investment ideas. Stocks. 9888 HK

Baidu (9888 HK) is a Chinese international IT company providing Internet-related services, the main service being its search engine. It is rated 4th in global search engine markets with 1.06% share.

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Investment research

American stock markets opened on Monday with a fairly good growth

S&P500 index and NASDAQ technology index reached new historical highs. Later, quite logically, the indexes somewhat dropped, and then were moving in different directions.

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The key American stock indexes were growing on Friday except for Nasdaq hovering around zero

However, banks (Federal Reserve released results of stress tests) and real economy (approval of Biden’s infrastructure plan) were in focus rather than technologies.

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American stock markets were recovering from the last week’s losses

Continuing verbal interventions by policymakers and major investors had calmed the market down regarding prospects of stimulus wrapping up by Federal Reserve. For how long?

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