US stocks closed: The Nasdaq Composite Index closed up for two consecutive sessions, with regional bank stocks fluctuating sharply and the bank index hitting a two-and-a-half-year low.

During the midday session, the Dow maintained a decline and fell by 124 points or 0.4%, while the S&P and Nasdaq turned higher. Earlier, they fell by 0.2% and 0.5% respectively. The S&P was mainly boosted by a nearly 1% increase in the energy sector.

As of the close, the S&P 500 index rose for two consecutive days and recovered the losses since last Tuesday, while the Dow fell from its high of nearly a week ago, and the Nasdaq rose for two consecutive days to its highest level in almost eight months since September 12 last year. The Nasdaq 100 hit its highest level in almost nine months since August 18 last year.

$S&P 500 Index (.SPX.US)$ It closed up 1.87 points, an increase of 0.05%, at 4138.12 points. $Dow Jones Industrial Average (.DJI.US)$ It closed down 55.69 points, a decrease of 0.17%, at 33618.69 points. $Nasdaq Composite Index (.IXIC.US)$ It closed up 21.50 points, an increase of 0.18%, at 12256.92 points. $Invesco QQQ Trust (QQQ.US)$ It closed up 0.25%. The Russell 2000 small-cap index. $Ishares Russell 2000 Value Etf (IWN.US)$ It fell by 0.36%.

Growth tech stocks collectively turned higher during the midday session, with only $Microsoft (MSFT.US)$ Down 0.6%, falling below the 13-month high. $Apple (AAPL.US)$ Approaching a 0.8% decline, still hovering near a nine-month high. “Metaverse” $Meta Platforms (META.US)$ After a 1% decline, it rose 0.2% and ended a four-day losing streak. $Amazon (AMZN.US)$ After a nearly 1% decline, it rose 0.2%, erasing the month's losses over the past five days. $Netflix (NFLX.US)$ csi commodity equity index $Alphabet-A (GOOGL.US)$ up more than 2% $Tesla (TSLA.US)$ Rising 1%, reaching a three-week high.

Chip stocks rose across the board. $PHLX Semiconductor Index (.SOX.US)$ After falling 0.9%, it rebounded 0.6% and stabilized above 3000 points, rising for two consecutive days to a new high in over two weeks. $Advanced Micro Devices (AMD.US)$ Rose 5.8% to a one-month high. $NVIDIA (NVDA.US)$ Rose 1.6% to the highest level since January last year, but... $Intel (INTC.US)$ Fell 0.7%. $Qualcomm (QCOM.US)$ After falling nearly 2%, it closed down 0.4% and will acquire Autotalks, an Israeli chip manufacturer producing collision prevention technology for cars.

Rebound of AI concept stocks. $C3.ai (AI.US)$ Rebounded nearly 3%, rising for four consecutive days from a three-month low. $BigBear.ai Holdings (BBAI.US)$ Briefly rose 5% and closed up over 1%, approaching the high of the month. $SoundHound AI (SOUN.US)$ Rise more than 2% to a new three-week high.

Bank stock index turned down, industry benchmark Philadelphia Stock Exchange. $KBW Nasdaq Bank Index (.BKX.US)$ The initial rise of 2% turned down 0.3%, approaching the lowest level since October 2020, created last Thursday. SPDR S&P Regional Banking ETF (KRE). $Spdr Series Trust S&P Regional Bkg Etf (KRE.US)$ Rise nearly 3% and then turn down 2%, approaching the lowest level since October 2020, created last Thursday.

Among the 'big four banks' in the United States, $JPMorgan (JPM.US)$ $Wells Fargo & Co (WFC.US)$ csi commodity equity index $Citigroup (C.US)$ All rise, Wells Fargo & Co. rose more than 1% to lead. $Bank of America (BAC.US)$ The late sell-off. The significant narrowing of bank gains in key regions, a 30% increase at the opening leading the West Pacific Alliance Bank's bank stocks. $PacWest Bancorp (PACW.US)$ Only closing with a 3.7% gain, at the opening exceeding 14% increase. $Western Alliance Bancorp (WAL.US)$ It once reversed to decline, ultimately closing with a 0.6% gain. At the opening, it surged over 11%. $Zions Bancorp (ZION.US)$ Also experienced a temporary downturn, ending with over a 2% gain.

On Monday (May 8th local time), the Federal Reserve issued the 'Financial Stability Report,' stating that banks' concerns about slowing economic growth could lead to a reduction in lending, hence accelerating economic decline.

This is the first financial stability report by the Federal Reserve since the banking crisis erupted, with the previous report released in November last year.

The report states that the banking industry as a whole remains resilient, with a strong capacity to absorb losses. The policy interventions by the Federal Reserve and other institutions have helped alleviate the pressure on banks and limited the possibility of further deterioration.

On Monday (May 8th) local time, ABC News published an interview with Microsoft founder Bill Gates, in which Gates discussed his views on artificial intelligence (AI) and the implications of AI for the future of the world.MicrosoftGates stated that he believes AI is very important and will change the rules of the game. He added, "We are often amazed at how good it is and occasionally surprised at what it can't do. Despite being in its early stages, it is revolutionary."

Gates believes that AI has great potential in all industries and will change the way we think about things. He gives examples in the fields of health and education, where AI can play a great role if used properly.

Gates stated that he believes AI has great potential in all industries and will change the way we think about things. He gives examples in the fields of health and education, where AI can play a great role if used properly.

US Treasury Secretary Yellen has contacted numerous company CEOs, warning of the risk of a debt default in the USA; if banks face pressure, it could lead to a crisis spreading, and regulatory agencies are ready to use the same tools as in the past; the government has previously intervened strongly to reassure depositors and increase bank liquidity, and now the banks have stable deposits; as the employment report shows, the US economy remains 'stable'; economic recession cannot be ruled out, but it is not the most likely scenario.

US Treasury Secretary Yellen criticized the Republicans' proposal to cut spending in exchange for agreeing to raise the debt limit, stating that the Biden administration has put forward 'responsible fiscal proposals.' Yellen said in an interview on Monday that the Republicans have proposed a 'harsh' spending cut plan. She mentioned that this plan clearly differs greatly from President Biden's proposal. Yellen also said that while the administration is open to negotiations, they will not negotiate with a 'gun' to their head.

American AirlinesIndustry ramping up consumer protection policies - requiring airlines to compensate passengers for 'controllable' flight cancellations and delays.

In fact, this policy was also copied by the White House. The EU currently requires airlines to compensate passengers if they cancel flights, cause actual travel delays, or delay for more than 3 hours within 14 days of takeoff, unless the airline can prove that the travel interruption was due to "special and unavoidable circumstances". The compensation amount varies based on the flight distance, roughly between 250-600 euros.

Local time on Monday, Tesla CEO Elon Musk said at the groundbreaking ceremony of the lithium refining plant in Texas that the plant is expected to produce lithium for about 1 million cars.

Alphabet, the parent company of Google, plans to announce a series of generative artificial intelligence updates, including the launch of a general-purpose large language model (LLM). According to internal documents about Google I/O seen by the media, the company will introduce its latest and most advanced large language model - PaLM 2. PaLM 2 covers more than 100 languages and has been running internally under the codename 'Unified Language Model'. It has also undergone extensive coding and mathematical tests, as well as creative writing.

AtBerkshireAt the annual shareholder meeting held by Berkshire Hathaway in Omaha last Saturday, a conservative group's proposal to remove Warren Buffett from his position as chairman was overwhelmingly rejected. The National Legal and Policy Center called for Buffett's position to be held by someone else, citing his relationship with Bill Gates and his political views as potentially harmful to investors. Berkshire Hathaway has stated that as long as Buffett remains the CEO of the company, he will continue to serve as chairman. However, once he steps down, the chairman position will be taken by a non-executive board member.

According to insiders, AppleIssued $5.25 billion in bonds in the US blue-chip bond market before the release of US CPI and PPI data, originally planned to issue approximately $5 billion. The longest duration of the corporate bond is 30 years, and the interest rate will be 108 basis points higher than comparable US bonds, lower than the previously discussed premium of approximately 135 basis points. Apple has applied to issue five different maturity bonds, maturing in 2026, 2028, 2030, 2033, and 2053.

According to the latest documents from the Hong Kong Stock Exchange,BerkshireHathaway Corporation sold 1.961 million sharesBYDshares at an average price of HKD 235.64 per share, reducing its stake from 10.05% to 9.87%, with a current holding of approximately 0.108 billion shares. It is worth noting that since August 2022, when it first started reducing its stake, Berkshire Hathaway has cumulatively reduced its holdings of BYD H shares by approximately 0.117 billion shares, reducing its stake by more than half and realizing over HKD 25 billion in cash.

The largest meat company in the United States.Tyson Foods.The company has experienced its largest decline since March 2020, with the stock price falling over 15% at the time of writing. Prior to this, the company had lowered its annual sales forecast, citing a "challenging" market environment.