US-East Time September 11 16:00 (Beijing time September 12 04:00), the Dow Jones industrial average rose 135.39 points, closed at 15,326 45 points, or 0.89%; the Nasdaq composite index fell 4.01 points to 3,725.01 The standard and poor 500 index rose 5.13 points to 1,689.12, or 0.3%.
Citigroup issued a report yesterday to maintain the Baidu buy rating, maintaining a target price of 167 U.S. dollars unchanged. Citi said in its report that Baidu's mobile search rate (click-through-rate) was higher than initially expected. Citi believes that mobile search will have less keyword coverage than PC search. However, it is now found that the number of search results displayed on the screen is limited because of the small size of the mobile device screen, which will increase the user's point-rate and thus compensate for the lower keyword coverage.
China's concept stocks rose in Wednesday, 4 stocks rose more than 3%, learn a big education up 6.82%, wheat forest rose 5.19%, Baidu Rose 4.76%, Noah boat Rose 3.19%, 4 shares fell more than 4%, SouFun down 5.46%, Dangdang fell 4.76% gathered times fell 4.5%, the Nineth city Fell 4.04%.