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Options Market Statistics: NVIDIA Ends Week on a High Note with 1.9% Friday Rally; Options Pop
The Nasdaq has fallen nearly 10% in two weeks, with chip stocks facing heavy short-selling.
In yesterday's Nasdaq crash, chip stocks led the decline, with the PHLX Semiconductor Index plummeting by 4.5%. Short sellers are aggressively shorting Technology stocks, pushing the shorting costs for the VanEck Semiconductor ETF to this year's highest point. The market is worried that Trump's trade disputes, stubborn inflation in the USA, and large-scale layoffs dominated by DOGE could trigger a recession or even stagflation in the USA. Additionally, the improvement of AI capabilities in China has sparked market concerns about the future demand for chips.
Trump Plans to Meet With Several Big Tech CEOs Next Week: Report
$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today
Trump intends to abolish the Department of Education in the USA, with an executive order expected as early as Thursday.
The administrative draft directly points out that the federal government's "experiments" in controlling USA Education through projects and funding have already failed, criticizing it for breeding "irresponsible bureaucracy." Despite the Trump administration's strong determination, completely dismantling the Department of Education requires an absolute majority of 60 votes in the Senate.
Trump's tariffs "give some leeway," U.S. stock indices rebound over 1%, Chinese concepts surge, Alibaba rises nearly 9%, the dollar plummets, and German bonds hit their worst performance since 1990.
Microsoft rose over 3%, leading the Dow Jones; automotive giants surged, with Stellantis up over 9% and General Motors rising over 7%. The China Concept Index increased by more than 6%, with XPeng Motors up over 7%. German stocks rose over 3%; the yield on ten-year German bonds surged by 30 basis points; the euro climbed over 1% to a four-month high, the USD fell over 1%, experiencing its largest drop in six weeks. The offshore yuan rose over 400 points during intraday trading. The Crude Oil Product closed at its lowest level in nearly six months.