On Monday, the U.S. stock market experienced volatility as the S&P 500 index and NASDAQ index pulled back from record highs, pausing the upward momentum of the three major indexes. In the technology sector, apart from NVIDIA maintaining stability during trading, the other 'Big Seven' technology giants generally declined, especially Tesla, which suffered a heavy blow with a drop of nearly 8%, marking the biggest single-day decline since the release of its quarterly report. Apple also dropped more than 3%, reflecting the market reaction following the EU's $1.8 billion fine against the company.
Chip stocks performed strongly, as NVIDIA, AMD, and Taiwan Semiconductor stock prices all rose and reached new historical highs. NVIDIA even surpassed Saudi Aramco to become the third largest company in the world by market cap. Meanwhile, AI 'hot stock' Super Micro (SMCI), which will soon be included in the S&P 500 index, soared nearly 19%.
Tesla's stock price plunge is believed to be related to its poor sales data in China, combined with its recent price reduction measures and new incentives in China, all of which reflect market competition pressure. Similarly, Li Auto, XPeng, and NIO Inc. also experienced significant declines.
In the cryptocurrency field, BlackRock's IBIT Fund quickly reached a scale of billions of dollars, becoming the fastest-growing fund in history, reflecting investors' enthusiastic pursuit of spot Bitcoin ETFs. The German stock market experienced a brief decline, but ASML and Novo Nordisk stock prices still hit new highs. U.S. Treasury yields and the U.S. dollar index rebounded and declined respectively, while crude oil prices fell, and gold and Bitcoin prices reached new highs.
During the U.S. stock trading session, the Chinese market showed a decline, with Chinese concept stocks...

Today's stock market session was quite the mix. Overall, stocks ended the day slightly down, but there was a lot of different action happening under the surface. On one hand, some stocks were hitting new highs, continuing their upward trend. On the other hand, we also saw an increase in stocks hitting new lows, which is a bit unusual to see both happening at the same time. This mix signals that not everything is as rosy as it might seem.
When markets reach their peak...

-Airlines rise on forecasts
-Energy shares fall as oil drops below $100 a barrel (Updates to market close)
U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors, with the focus turning to the Federal Reserve's upcoming policy announcement.
Brent crude settled below $100 a barrel after rocketing higher t...