Market analysis for May 25

The latest market dynamics show that despite a decline in pan-European stock indexes, the strong performance of technology stocks helped the US S&P 500 Index and Nasdaq Composite Index end three consecutive days of decline, while the Dow Jones Industrial Average ended five consecutive gains. It is particularly noteworthy that after a sharp rebound of 6.8%, Nvidia's market capitalization once again broke through the $3 trillion mark, and Google and Microsoft also ended the trading day with record closing highs.

Furthermore, FedEx rose to 17% after the market, driven by a positive financial outlook. Favored by popular investment, Rivian increased by more than 50% in after-hours trading. In Europe, Novo Nordisk's stock price rose 4% to a record high, while Airbus fell more than 10% intraday due to profit warnings.

In terms of economic data, Canada's Consumer Price Index (CPI) unexpectedly showed signs of warming, causing two-year Canadian bond yields to rise by 10 basis points in the intraday period. This has also led to a rapid rise in US bond yields. In the money market, the US dollar index rebounded, while the yen continued to weaken, approaching the 160 intervention mark.

The price of crude oil fell from an eight-week high, while the price of gold also declined. The price of tin on the London Metal Exchange fell to a one-week low. Copper prices fell for three consecutive days, hitting a new low in two months, but aluminum prices rebounded by more than 1%.

In the Chinese market, A-shares declined after opening. In particular, the Science and Technology Innovation 50 Index fell by nearly 3%, and the semiconductor sector had the highest decline. Cyrus fell to a halt at the end of the session, while industrial mother engine concept stocks exploded. At one point, Kweichow Moutai rose nearly 2%. The performance of China Securities in the US market was relatively weak. The overall decline was more than 1%, the lowest point in nearly ten weeks, and JD fell nearly 3%. Despite this, the performance of Xiaopeng Motor and Ideal Auto remained strong.